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What else can I help you with?
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
What is the process for an FHA repossession of a property?
The process for an FHA repossession of a property involves the lender initiating foreclosure proceedings due to the borrower's failure to make mortgage payments. The property is then repossessed by the lender and sold to recover the outstanding debt.
What is the process for an FHA repossession of an auto?
The process for an FHA repossession of an auto involves the lender taking possession of the vehicle due to non-payment of the loan. This typically occurs after multiple missed payments and a formal notification to the borrower. The lender can then sell the vehicle to recover the outstanding debt.
How long does repossession of a house take?
The repossession process for a house, often referred to as foreclosure, can vary significantly depending on state laws and the lender's policies. Typically, it can take anywhere from a few months to over a year. Factors influencing the timeline include the borrower's ability to negotiate, potential legal challenges, and the specific foreclosure method used (judicial vs. non-judicial). It's important for homeowners facing foreclosure to seek assistance early to understand their options and rights.
Can you remove a repossession off your credit report if your cosigner has a judgment on the repossession?
No you cannot remove a repossession off your credit report if your cosigner has a judgement on the repossession.
How long does the repossession process of a car usually take?
The repossession process of a car usually takes about 6 months
What are the names of repossession companies in Washington state?
Five Star Process Service and Repossession
What can be done to stop auto repossion?
in the process of repossession?
What is the car repossession law in Arizona?
check with your court house.
What are the risks of high debt levels?
house/car repossession
When would a house be in danger of repossession?
Typically, a house can be repossessed after 90 days of non payment by the mortgage holder. However, it is not illegal for repossession to begin after a missed payment, though this is extremely rare.
What is a deficiency balance for repossession Louisiana?
The deficiency balance in every state as relates to repossession is the outstanding balance of the original principle plus fees accrued by the repossession process that remain after the resale of the repossessed vehicle.
Your house has been repossessed but the land remains in your name?
No. The house is attached to the land, so, the land is included in the repossession.
If you do a voluntary repossession on your auto can your house be taken by the bank if you have no equity in it?
NO. They can't take what you don't have.
What is the process for an FHA repossession of a property?
The process for an FHA repossession of a property involves the lender initiating foreclosure proceedings due to the borrower's failure to make mortgage payments. The property is then repossessed by the lender and sold to recover the outstanding debt.
How do you stop a repossession in process?
Pay the past due amount on the loan or pay the loan in full. In the event you are able to do this, it is a good idea to have the lender contact the repossession agency to cancel the repossession while you remain on hold. If you fail to do this, it could take several hours for them to notify the repossession agency, and your vehicle could still be taken.
What is a contingency repossession?
One where the repossession agency receives no fees to cover the expenses incurred in the efforts expended during the recovery process unless the unit is actually recovered. No repo, no money.
