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Can a family member buy the house that is in a reverse mortgage?

Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage


What is the deadline for the payment of the outstanding debt, and how soon can we expect the settlement of the amount owed?

The deadline for payment of the outstanding debt is insert specific date. The settlement of the amount owed can be expected insert estimated timeframe.


What are people called have a debt owed to them?

A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.


What is the difference between the principal balance and the outstanding balance on a loan?

The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.


What is another word for outstanding?

This the other word: EXELLENT Definition #2 - LateExample; An outstanding debt owed to a person or business


What is does outstanding balance mean?

An outstanding balance refers to the amount of money that is still owed on a loan, credit card, or other financial obligation. It represents the total remaining debt that has not yet been paid off, including any interest or fees that may have accrued. This balance needs to be settled to avoid further interest charges and potential penalties. Keeping track of your outstanding balance is important for effective financial management.


Debts owed by a business are called?

Debt held by businesses is called Business debt


Is a negative capital account balance considered to be a debt owed by members?

No,but owed by the company.(Or may be limited to the liability of members)


What happens to a lien placed on a property and that person who is owed the money dies?

The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.The debt is owed to their estate.


Will removing an authorized account that has a high balance raise the fico score of the authorized user?

It depends. Does the high balance put the consumer into a position of too much credit? Does this single high balance cause the consumer to have outstanding $100,000 in credit card debt? Or does the amount merely allow for the consumer to show that they can be responsible with making regular payments (with this account being the only debt owed.)


How can you find out who you originally owed if a debt collection company is now collecting?

After being contacted by a collection agency you have thirty days to request confirmation of the debt. Their response should include the balance owed and the place where the debt was originally incurred.


Is there still money owed on this vehicle, as mentioned on Facebook?

Yes, is there still an outstanding balance on the vehicle as stated on Facebook?