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What assets can be taken if house is foreclosed?

In a foreclosure, the primary asset that can be taken is the house itself, which serves as collateral for the mortgage. Additionally, any equity the homeowner may have built in the property can be claimed by the lender. In some cases, depending on state laws and the specifics of the foreclosure process, other assets may also be at risk if the homeowner has defaulted on unsecured debts. However, personal property such as vehicles or other possessions typically cannot be taken in a foreclosure.


Spouse is voluntary giving up two vehicles His spouse has filed for divorce Neither vehicle is in the wife's name What can happen?

Depend on whether the state is a community property state.


What happens if you voluntary repo a vehicle?

Voluntary repossession" is a term used to describe a situation in which a consumer voluntarily surrenders the property securing a loan, such as an automobile, to the lender that financed the purchase. Voluntary repossessions generally occur when a consumer has fallen behind on his or her loan payments, and decides to surrender the property rather than forcing the creditor to proceed with repossession. Voluntary repossessions occur most frequently with vehicles, but can occur with any type of secured loan, such as the purchase of work equipment, jewelry, etc.


How many cars or vehicles can you have on your property?

You can have as many vehicles on your property as you please, as long as they're YOURS and aren't infringing on ANYONE ELSE's property.


If your chapter 13 bankruptcy is dismissed can creditors pick up vehicles right away without notice?

Yes. Vehicles are secured loans and subject to conditions of the loan agreement. The consumer is usually notified before repossession, unless they have made an attempt to avoid it or conceal the vehicle(s). Voluntary relinquishment of the property is the best option.


Have you noticed any abandoned vehicles on your property recently"?

"Have you seen any abandoned cars on your property lately?"


Why is it that the people who own vehicles are the logical candidate for insurance?

The have the property to protect.


What is defined as the possibilty of personal injuries or damage to vehicles and poperty?

Risk defines the possibility of personal injury, or damage to vehicles or property.


What is the word used for property recovered by the insurance company?

please explain your question better. Do you mean property such as stolen vehicles?


Did Mandela use sabotage?

Yes, he attacked many government vehicles and property


Who's at fault when a car is pulling out of a driveway and you hit them?

any vehicle leaving private property and entering a public road ,is at fault. all vehicles leaving private property MUST yield to vehicles on a public road


Can you get a traffic ticket on private property in pa?

If you are in Philadelphia PA Department of License and Inspections can give you a ticket on your vehicle on private property if it is not legal or there are to many vehicles on your property.