You get to keep all of the contents which do not fall into what is commonly known as "fixtures." Furniture, furnishings and personal property are not fixtures, therefore you may keep them. Anything which is affixed to the house itself stays. Things like chandeliers, ceiling fans and wall-to-wall carpeting are part of the house and should stay; although frequently, many people remove items like that as they leave and nothing is really done by the repossessing party. The difference between fixtures and non-fixtures is not always very clear.
I have a welding machine on the truck they repossessed can they keep that?
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Most likely not depending on what financial situation you're in.
You owe the difference I think.
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
if i get my car repossessed, can they put a llien on the house?
I have a welding machine on the truck they repossessed can they keep that?
What if there was a will and the house was deeded to the wife what about the contents of the house?
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Only if you want to keep the items.
No
Most likely not depending on what financial situation you're in.
then theyre out of a home
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
Regular house insurance does not cover the contents of the house and so will not cover the replacement of those items. A separate assessment is made of the contents of the house and a separate amount is charged for their insurance.
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.