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What else can I help you with?
What happens to second mortgage during foreclosure?
If you're in the US and assuming it's the 1st that foreclosures… The 2nd lien hold is notified of the foreclosure and has the option of bidding on the property at the foreclosure sale (normally they don't). After the property is sold (which can take a while if they have to market it and the market is bad), the 1st lien holder gets paid first. Then if there are excess funds (which is not common), those funds go to the 2nd lien holder to apply toward their balance. The mortgagor is still responsible to the 2nd lien holder for any balance left due to them.
Do remortgages increase your risk of having bad credit?
Yes they do actually. Remortgages is known to be the highest risk of bad credit than any other thing.
When you sell your home are auto loans automatically paid?
Not Unless you choose to pay it off. Selling your house has nothing to do with your auto loan. The only time an auto loan or any type of other loan would have to be paid off or legally settled is any loan you have defaulted on, and a Lien has been placed against your property. Each Lien will have to be settled or satisfied before the property can be sold. Liens can be placed on your property for various reasons, basically anyone can file a lien against someone by filling out the proper paperwork and paying the filing fee. As an example, I own a Locksmith business and I had a customer write me a bad check for $300.00 I tried for the longest time to collect this money through the proper channels, even my check collecting company was unable to collect the money. I filed a lien on his property for the amount of the original invoice, my bank fees and time I wasted trying to collect this debt. I paid $35.00 and placed a lien against his property, since I had all my paperwork order, and the debt was owed to me, he had to pay me my money before he could sell his house. Get this, he was pissed at because I had taken this action. Some nerve, he bounces a check and gets pissed at me. Hope this helps.
How do you buy property without having to make mortgage payments?
Pay cash. If you pay everything up front, there is no mortgage. If you can't pay for it up front, you are going to need a loan. And a loan is going to have to be secured. And if the security is the property, you have a mortgage. Having a mortgage is not all bad, the interest on the loan for a home is deductable on your income tax.
Is having no credit better than having bad credit?
Having no credit is generally better than having bad credit because it means you have not yet established a credit history, whereas bad credit indicates a history of not managing credit responsibly.
What is the procedure for repossessing property from deal gone bad?
You must have documents stating that you own the property. and then you can feel out a repossession form or hire someone to repo the property. You can only do this if you have documents stating that the property is yours and that you are a lien holder. If you don't have this you will have to take it to small claims court and prove that the defendant owes you money on the said property. after that you will be able to get a lien put against the said property and be able to repo it.
Does a credit card property lien expire?
Unfortunately, some states do allow for this to occur. The credit card company usually renews the lien and adds the cost of the renewal to the lien. It is better to pay off any bad debt you have obtained before this situation.
Can feelings be a good thing or a bad thing?
Having feelings is a good thing:)
Is having a good thing?
Yes, but having too much can be bad.
Is having a green bowel a good thing or bad thing?
yes and no
Is having high phone line rate a good thing or a bad thing?
Uh, it's bad.
What are the good and bad about health?
The good thing about health is having it. And so, the bad thing is not having it. SOme people say that you don't miss something until it's gone, and that can be said about health.
Why are wildfires a bad thing?
Wildfires kill people and wildlife and destroy property.
Is having a crush on a teacher a good or bad thing?
depends on their age. It is usually bad, but not unknown.
What does it mean when you say that there is a lean on your property?
A lien is placed on property when the owner owes money to someone, and the someone wants to ensure that it will be paid back. Liens are only available to secure some kinds of debts. If a person takes out a mortgage, the bank will place a mortgage lien on the property. This means that when the person sells the property, the mortgage must get paid before the person can receive any proceeds from the sale. If the person pays off their mortgage while they still own the property, the lien will be removed. In other cases, liens are placed due to judgments and certain kinds of bad debts.
What are the bad things about not having uniforms?
The bad thing about not having school uniforms, Is that people can get bullied, picked on, & It causes way more fights.
Is it a bad thing if you are 25 weeks pregnant and your having braxton hicks?
No.
