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What else can I help you with?
What does redeem your house mean?
If you are purchasing your house with a loan or mortgage then you do not actually own it, the title deeds are in the name of and held by the person or organization lending you the money. You can redeem your house by paying off this mortgage and thus gaining ownership of the deeds of title to the house.
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 are the pros and cons to pay off debt of a house?
The pros of paying off debt on your house is that it will be paid for and you will not have to worry about the monthly payments and you can use that money to pay for other things. The cons of paying off your home debt is that you can't write that amount off on your taxes. If you are paying interest a lot of that is tax deductible come tax season.
Can a cosigner have their name taken off a home debt?
No. The loan must be paid off to release the co-signer from their obligation.
Can a collection agency put a lien on your house because of a charge off?
In general, a charge off alone does not give a collection agency the right to place a lien on your house. However, if the debt is taken to court and a judgment is obtained against you, then the collection agency may be able to place a lien on your property as a way to secure payment. Each state's laws regarding liens and debt collection can vary, so it's important to consult with a legal professional for advice specific to your situation.
How long does a debt stay on your credit if the amount is not paid?
A debt will stay on your credit report for seven years after the date that you were originally delinquent on the account. After seven years, this debt is taken off of the account.
Can a lien be placed on a house for a personal loan to pay off a debt?
If you have equity, yes
Is a mortgage considered as debt?
Yes, a mortgage is considered a type of debt because it is a loan that you have taken out to buy a home, and you are required to make regular payments to pay it off.
What is a tax garnishment in the US?
A tax garnishment is a way of paying off a debt to the US Federal Tax Service. An amount is taken from the debtor's wage each time they are paid and put against paying off the debt.
Why was the TV Show House MD taken off the air?
It ended.
How do you pay off medical bills without selling the house?
Sell other assets to resolve the debt. Or take a loan out against the house.
How long does it take to get out of debt?
Not long if you work on paying it off as quickly as possible. It depends on the size of the debt, and the type of intrest rates you have. For a house, expect 30 years.
