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What else can I help you with?
Who is responsible for a property still in the foreclosure process once you vacate the premises?
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
If you own a townhome that is in foreclosure areyou responsible for the association dues?
You are usually responsible until the moment you are no longer the owner, i.e., when there is a deed issued without you as the owner.
Do you need to keep paying for home insurance when your home is being sold due to foreclosure?
Yes, you need/should keep paying for the insurance until you are not on the title anymore.
Is property in foreclosure still considered property of estate?
Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.Yes, until the foreclosure has been completed and the lender has taken possession of the property.
Does cosigning an auto loan make you responsible for insurance?
Yes, you are responsible If the person you co-signed for is behind in payments and the insurance coverage expires you are responsible to insure the car until it is sold or the person gets the payments caught up and pays the insurance.
If your renting a home in foreclosure when do you stop paying rent?
Not until there is a foreclosure sale.
Who gets the insurance check for a claim the mortgage co?
The homeowner unless you are in foreclosure and in the event you loose your home it is applied to the loan balance. They hold it until that happens.
Are the heirs to a property in foreclosure responsible for mortgage?
The estate is responsible for the debts of the deceased. None of the assets can be distributed until the debts have been paid. The bank has a prior lien on the property. The foreclosure of that mortgage will not affect the heirs in any way except to deprive them of inheriting the mortgaged premises. If the heirs wish to maintain that property then they would need to negotiate with the bank and pay off the mortgage. The foreclosure will not affect the credit records of the heirs.
Are parets responsible for child under 18 if they have theri own insurance aned have a accident?
The parents are responsible for their child until legal age.
Does homeowner insurance pay if your house burns down while in foreclosure?
No, Not to the homeowner, because the bank or morgtage company actually owns the house even if it was not in forclosure. Read your morgtage and insurance paperwork, you do not own it at all until it is paid in full.
Who is responsible for property taxes and upkeep of home if the mortgage was discharged in chapter 7 bankruptcy and the foreclosure process has not begun in Florida?
The owner of record is responsible for taxes and upkeep until a deed conveys the property into another name. The owner will be responsible from the Bankruptcy file date until the date of Trustee's Sale- even if the original sale date is postponed.
What is the meaning of good through date for foreclosure?
It means that the offer is good until the foreclosure date. This means that the offer cannot be redeemed after that date.
