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No...and in fact it may well resolve the mortgage by selling the property it is secured to to pay the lender.

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16y ago

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Can you get a remodify mortgage after bankruptcy?

If the lender agrees, of course you can remodify, but you cannot force the lender to modify the terms.


What is the effect of bankruptcy chapter 7 on mortgage loan?

Chapter 7 bankruptcy is also known as total bankruptcy. It's a wipeout of many (or all) of your debts. Also, it might force you to sell, or liquidate, some of your property in order to pay back some of the debt. Chapter 7 is also called "straight" or "liquidation" bankruptcy. Basically, this is the one that straight-up forgives your debts (with some exceptions, of course).


If the mortgage on your home was not reaffirmed after bankruptcy can the mortgage holder report on your credit report?

I can only speak from my own experience. It does indeed appear on our credit report and also states that the mortgage company is filing a claim against us--even though we did not reaffirm the loan. Completely wrong and I've disputed it many times with ALL the credit bureaus but they will not remove it. I'm not sure if there's a government organization that can help force the mortgage company to report correctly to credit bureaus or one that can force the credit bureaus to actually DO an investigation when you dipute it. No win situation, I'm afraid


Bankruptcy and Home Ownership Laws?

If you ever have to file for bankruptcy, one of your main concerns will center on your home. While bankruptcy laws vary between states, most bankruptcy laws regarding home ownership are similar in their intents and their implications for you and your future. Most people think that they will lose their house if they have to file for bankruptcy. While this may be the case, often it is not and depends on what kind of bankruptcy protection that you are seeking. Under the United States Bankruptcy Code, individuals can file for either chapter 7 or chapter 13 bankruptcy protection from their creditors. Chapter 7 bankruptcy is bankruptcy in the traditional sense. After filing all of the pertinent documents, a court trustee with order that your assets be liquidated in order to pay off your creditors. If you still owe money after your possessions have been sold, many of them will be discharged by court order. On the other hand, chapter 13 bankruptcy protection is quite different. Rather than having your debts discharged, you will submit a repayment plan to the courts that explains how you will get out of debt and what you can afford to pay off each month. In essence, chapter 13 bankruptcy is a form of debt consolidation. If you are a current homeowner and file for chapter 7 bankruptcy, you may still be able to keep your home without being force to sell it or being foreclosed on by the banks. Depending in which state you reside, by filing for chapter 7 bankruptcy, you may be in breach of your mortgage agreements, which will allow the bank to foreclose on your home and proceed with an eviction. However, you may be able to qualify your home for an exemption by proving that the equity that you built into the home over the years cannot be accessed for liquidation very easily. If you can do this, you must also prove to the courts that you are financially capable of making your monthly mortgage payments. If not, then the banks can proceed with a foreclosure. Filing for chapter 13 bankruptcy will make it easier for you to remain in your home. Because as part of your filing you will agree to a repayment plan, you can file for bankruptcy without being in breach of your mortgage agreement. Any late mortgage payments that you owe will be included into the payment plan and you can continue making your normal, monthly mortgage payments.


How does the resistance force relate to the effort force for the fixed pulley alone?

In a fixed pulley, the resistance force is equal to the effort force when neglecting friction. This means that the input force required to lift a load is the same as the output force exerted by the load. The fixed pulley changes the direction of the force but does not provide any mechanical advantage.


Can a court order a company or person to file bankruptcy in the state of Georgia?

Bankruptcy is normally voluntary, however if your creditors feel it is required for them to get paid and you refuse, they can force it - an involuntary bankruptcy.


Using an ARM Vs. Fixed Rate Calculator to Determine Which Loan is Right for You?

Choosing between an ARM, or adjustable rate mortgage, and a fixed rate mortgage loan can be difficult. These loans have both benefits are disadvantages the home buyers will need to consider. An adjustable rate mortgage is a loan that offers a very low initial interest rate. After the initial adjustment period, the loan's interest rate will be adjusted according to a specific economic index and the lender's margin. This may cause the interest rate to increase, which will also force the borrower's monthly payments to increase. After the initial adjustment, the loan's interest rate will be reset periodically, according to the terms of the loan. A fixed interest rate mortgage is a loan that features a set interest rate. This rate will not change throughout the duration of the loan, unless a homeowner choose to refinance. This offers stability, but may also force a borrower to accept an interest rate higher than the initial rate that offered by an ARM. Because both of these loans offer significant advantages and drawbacks, many potential home buyers are left confused. Buyers are usually unsure of which loan will be the most beneficial in the long run and how much each loan would actually cost them per month. Fortunately, an ARM vs. fixed rate calculator can help. A home buyer can enter their information into these mortgage calculators to determine approximately how much their mortgage payment would be. Consumers can experiment with different loan amounts, terms, and interest rates, to see how much they can expect to pay each month. Many calculators will also help consumers determine what interest rate they might be offered, depending on their credit and size of their down payment. When using a ARM vs. fixed rate calculator, a consumer can also experiment with different types of ARMs. They can determine how much a loan may cost each month, according to the length of the initial rate period, their interest rate, the expected rate change, and different interest rate caps. This will help borrowers better compare the differences between an ARM and fixed rate mortgage. An ARM vs. fixed rate calculator is a great tool that future home buyers should use to better explore and understand their options, even before consulting a mortgage professional.


In a fixed pulley the effort force is equal to the?

In a fixed pulley, the effort force is equal to the load force being lifted. The fixed pulley changes the direction of the force applied, but does not provide any mechanical advantage in terms of reducing the amount of effort needed to lift the load.


A fixed pulley changes what force?

A fixed pulley changes the direction of the input force without changing its magnitude. It can make it easier to lift or move an object by allowing the force to be applied in a more convenient direction.


What is an effect on fixed pulley?

The fixed pulley only changes the direction of the force applied.


Can your business partner's bankruptcy force you to sell your shared business?

Probably yes.


A fixed pulley changes the?

... direction of a force.