In Texas if a mortgagee Buyer leaves the home and the mortgagor Lender has no way of contacting the mortgagee can the mortgagor take house because of abandonment?

What happens in a foreclosure?

Hi, In a foreclosure the legal and specialized proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. This is because the mortgagor is not able to pay the loan amount. Visit here for more details: http://m3reo.com/

What is a sentence using the word 'abandonment'?

The abandonment of the project left him with mixed feelings. The house is falling down because of its abandonment. The child's abandonment left him scarred for life.

What is project abandonment?

Project abandonment is when a project is stopped for various reasons. This could be due to budget cuts or because someone just changed their mind.

A home mortgage is considered a secured loan because it is backed by what type of property?

A mortgage is backed by real estate owned by the mortgagor.

Is it considered abandonment if a parent does not see or pay child support for over two years?

I'm pretty sure it is because my dad did that for four years and they considered it abandonment.

How does homeowners insurance and the mortgagee work?

There should be a "Mortgagee Clause" listed in the policy conditions which will outline the relationship. Most of the time (it depends on the state), the mortgagee and the insurer are in a separate contract than the named insured (homeowner) and the insurer are. What that means is, if a loss occurs, and for some reason the named insured is not paid for the claim (most often because the insured may found to be committing insurance fraud), then the mortgagee can still be indemnified for the loss. However, the clause may also contain language that holds the mortgagee to certain conditions. These conditions might include, that the mortgagee has paid the premium, and that they have notified the insurance company of any changes in the risk, such as a vacancy. Mortgage holders can also file claims on their properties in foreclosure. This can be a very complicated process. Often times, the insurer will have to find out whether or not the mortgagee has suffered a financial loss because of the damages. Adjusters have to research what phase the foreclosure is in, if it has been sold, how much the property was sold for, what the remaining amount was on the note when the foreclosure took place, and what the amount of damages are. If they made money on the selling of the property from the foreclosure and sold it for more then what was remaining on the note, they may not be entitled to insurance dollars because there is no financial loss. In addition, the mortgagee is required to be listed on payments that exceed a certain dollar amount (it depends on the regulations of that particular state's Department of Insurance). So when homeowners have a loss, they can often find their mortgagee listed on their payment.

How can you use the word abandonment in a sentence?

The woman was found guilty of abandonment, because she left her children unattended.

What are ga laws on child abandonment?

If a child has been left with no money, inadequate food, no shelter, and no clothing; this is considered child abandonment. In Georgia, the state can take the child away because this is considered abuse.

What does abandonment mean in a homeowners policy in North Carolina?

Abandonment means "to abandon". In other words, the house is not vacant because there are still personal belonging in it, but there is no one occupying the home. It and its contents have been abandoned.

What are the abandonment laws in Wisconsin?

According to law 948.20, whoever, with intent to abandon the child, leaves any child in a place where the child may suffer because of neglect is guilty of a Class G felony. A Class G felony includes a fine up to $25,000, imprisonment up to10 years, or both.

My husband is cheating on me and wont leave the house. He says that it will be considered abandonment by the law. Is this true?

He's worried about abandonment but not infidelity?? If you're wanting to divorce him, get a lawyer. A judge will grant you a divorce because of his infidelity and will help decide who gets the house.

Can a spouse leave for a few days while deciding on a divorce or not without it being considered abandonment in Virginia?

Not really. I've seen far too many cases where fathers leave because the mother told them to, than they are accused of abandonment.