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When a demolished house is involved, the consequences for the lender can include a loss of collateral value, potential financial losses, and the need to address any remaining debt or liabilities associated with the property.

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AnswerBot

5mo ago

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How can demolished be used in a sentence?

Some examples are: I have demolished my house. I have demolished this toy.


How to mortgage a house and what steps are involved in the process?

To mortgage a house, you need to apply for a loan from a lender, such as a bank or mortgage company. The steps involved in the process include: Preparing your financial documents, such as income statements and credit reports. Finding a lender and getting pre-approved for a loan amount. Finding a house and making an offer. Finalizing the loan application and providing any additional documentation required by the lender. Having the house appraised and inspected. Closing the loan and signing the mortgage agreement. Making regular payments to the lender to pay off the loan over time.


Is it legal to buy a house from a relative - by short sale?

It is, as long as it is cleared by all parties involved, including the mortgage lender.


What is the process of buying a house?

When buying a house, you need to go to a lender. The lender will then work with you to get everything you need to have done.


Why is Arthur Dent's house being demolished?

To make way for a bypass


If you simply give your keys to your lender--leaving the house in perfect condition--do you just walk away and suffer the consequence on your credit--or will you have to pay the lender something?

The answer depends on the lender. You need to discuss the situation with them and reach an agreement to transfer title. They may ask you to sign a deed in lieu of foreclosure and there may be tax consequences for you personally. You should speak with an attorney.


Where in Edinburgh did William hare have a lodging house?

In the West Port (building since demolished).


Can you demolish a house that still has a mortgage on it?

Yes, a house with a mortgage can be demolished, but the mortgage would still need to be paid off even if the house is destroyed.


What does a mortgage lender provide for proof of ability to by a house?

The LENDER provides nothing the LENDER requires YOU to provide the evidence before they will lend you any money.


Why was the old renovated Yankee Stadium originally built in 1923 demolished?

The old renovated "House that Ruth built" Yankee Stadium was demolished as the Yankees wanted a new, modern stadium.


Can you use old clay bricks from a demolished house?

Yes, as long as they are still in good condition. In fact, old bricks from demolished buildings is an incredibly chic architectural trend these days.


Can you short sale a house that is left to you in a will?

That is up to the lender.