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In today's economy with so many out of work and requesting modifications, it can take to to a year to get a hearing.
The full payment is expected to be maintained, but if the modification is granted, any retroactive overpayment will be figured into future payments. This means an even smaller amount received by the obligee parent until the books are balanced.
What else can I help you with?
Is it illegal to take a car out of state when you are still making payments on it?
Not as long as you continue to make payments on it.
How does mortgage modification help the borrower?
It allows for the mortgage to be changed after the fact. The modification can be of use to those facing foreclosure who want to continue making payments but can't satisfy the original agreement.
Can you close your credit card account and continue to make payments?
No, what usaully takes place is that the credit card company freeze your credit card account and you continue to make payments
Why is my final balloon payment on my GMAC smartbuy almost 1600.00 more after you subtract all payments from the original price of the car?
The payments you have made cannot be subtracted entirely off the original price of the car. Included in those payments were payments for interest on the loan that did not count toward the purchase.
What if the spouse dies and there is still a lien on the house but both parties signed the mortgage?
Most lenders will allow you to continue to make the payments as the loan is. Some may modify the loan. As long as you can continue the payments, you will be ok.
What is the meaning of payment to continue?
The inference is that YOU shall be expected to continue to make payments to the issuer of the statement. It is not a standard comment unless you are a recipient of long term benefit payments or some kind of JG Wentworthable commodity.
What can be done to avoid a sheriffs sale of your home?
Continue to make payments on your mortgage.
Can a bank that issued you a credit card take money out of your checking before the payment due date when all recent payments have been made on time?
Not unless you signed up for scheduled automatic payments.
How will you know if someone that owes you money and is making scheduled payments files bankruptcy?
Go to where the bankruptcy is filed and have the file pulled and there will be an accounting of all the debts and payments being currently made. It is public information.
If you continue to make payments will bank continue to pay taxes and insurance from escrow if you do not reaffirm your mortgage after chapter 7 bankruptcy?
If you continue making the regular mortgage payments, including the escrow amounts, you are reaffirming the debt. It would be better to formally file a reaffirmation agreement that is approved by the court.
If someone hasn't paid child support for 3 years due to drug abuse and is now willing to make payments on arrears and continue current payments will they serve time in jail?
I doubt they will to jail for non-payment of child support -especially if they are willing to make payments on arrears and continue current payments. Sounds like they are starting to do the responsible thing.
What happens if you loose your job after you buy a car?
You figure out a way to continue making the payments.
