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Forced payment refers to a situation where an individual or entity is compelled to make a payment against their will, often due to external pressures or legal obligations. This can occur in contexts such as debt collection, where creditors may use aggressive tactics to secure payment, or in situations involving government mandates or fines. In some cases, forced payment may also involve coercive practices that violate legal or ethical standards.
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What happens to the mortgage if a house does not sell and you lose home owners insurance?
You still owe the mortgage. And you must continue to maintain the homeowners insurance. If not, the lender who holds the mortgage has the right to place "forced coverage" on the property at great expense to you. When they add "forced coverage" they simply increase your mortgage payment to adjust for the difference. And of course you must make each payment in full in order to remain current on the loan and avoid damaged credit or foreclosure.
Do a payment?
''Doing a payment'' is to express completing a payment. '' payment is done '' means it has been completed.
What does monthly periodic payment means?
a monthly periodic payment is a payment made each month at a specific time each month. This can either be a payment made to an individual such as an annuity payment, or a payment made from an individual such as a loan payment.
DP payment against receipt of document?
wht is DP payment...if any company issue DP payment to me is safe or not it is like Tt payment? how the diferrent Tt payment & DP payment? Hope your can rely it
How long can you live in a house without paying the mortgage?
ANSWER:The Bank will give you 90 days to make the next payment on the house. If you don't, The house will go into Foreclosure. And you'll be forced to leave. But, ya, the Bank will give you 90 Days.
What forced payment for the Egyptian pharaoh?
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What is the forced payment to the Romans from the conquered areas?
A Tribute
Forced payment to the Romans from conquered areas?
tribute
What are forced payments sent to the pharaoh called?
a tribute; basically payment for his protection
When did osullivan furniture go out of business?
They could not make their loan payment, and the lender forced them into liquidation.
Why Dora sued Nickelodeon?
becase the voice actor felt that she was being cheated out of her fair share of payment that she makes and reports that Nickelodeon "forced" her to sign the contract for lower pay
What happens to the mortgage if a house does not sell and you lose home owners insurance?
You still owe the mortgage. And you must continue to maintain the homeowners insurance. If not, the lender who holds the mortgage has the right to place "forced coverage" on the property at great expense to you. When they add "forced coverage" they simply increase your mortgage payment to adjust for the difference. And of course you must make each payment in full in order to remain current on the loan and avoid damaged credit or foreclosure.
I have not made a car payment in over a year and now you got a letter from a collection agency is it too late to voluntarly turn the car to the credit company?
No. You would at least avoid the charges for a forced repossession.
What is limited legal tender money?
Legal Tender is a forced tender payment that should be not refused in settlement of a debt. http://en.wikipedia.org/wiki/Legal_tender
You are on SSDI. can they come after you for charged off or medical debts?
Yes, your income, disability or retirement status is not a shield for not owing people money. However, it would be best for the collections agency to work with you on a low monthly payment plan, since if they sued you in court, and if you defended the sue, they would be forced into a low payment plan anyway.
What was the forced payment to the Romans from conquered areas in the form of grain called?
Just as the Roman Empire charged TAXES to their own people, they charge TAXES to conquered cities/countries as well.
What forced payment for the Egyptian pharaoh to enrich the kingdom?
The forced payment to enrich the Egyptian kingdom was primarily in the form of tributes collected from conquered territories and vassal states. These tributes often included valuable goods such as gold, silver, agricultural products, and luxury items. Additionally, the pharaohs would impose taxes on the populace and labor for large state projects, such as monumental architecture, which further bolstered the kingdom's wealth and power. This system of tribute and taxation was essential for maintaining the pharaoh's authority and the overall prosperity of ancient Egypt.
