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It depends on what kind and how much damage is being referred to, and just how much interest the mortgagor has in the property. There is such a thing in the law as "wasting" the value of real property. If the damage is severe and/or ongoing, in order to protect their investment, the mortgagor could step in and bring court action against the mortgagee to maintain the value of the investors property.
On the other hand, as long as the mortgagor continues to receive the specified mortgage payments they may not care, inasmuch as it will eventually become the mortgagee's problem if they cannot sell it for at least the value of the mortgage. Either way, the mortgagee is still responsible for the contracted financial obligation.
What else can I help you with?
Does the cosigner have to pay the bill for vehicle if the primary borrower doesnt pay?
Yes!
Does the co borrower have any legal options to recoup losses against the other co borrower when they default and they have to sell the car?
Nope, when you cosign the bank doesnt care who the money comes from. If the money doesnt come in your both equaly at fault.
What is a property of matter that doesnt change a substance into a new substance?
Physical property of matter
How Does the distributive property work for subtraction?
doesnt work
What is the special property of tourmaline?
it doesnt have one muhahaha
Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
compound
What if you and boyfriend buy a house together only his name is on the deed the mortgage is in both our names it doesnt work out between us and he wants me out do i have to go do i have a say in leavn?
If his name is the only one on the deed then he owns the property. Since you signed the mortgage if he doesn't pay it the lender will come after you for the payments. If he gets behind on the payments it will affect your credit. What you describe is an exploitative arrangement.
What is comunitative property?
communative property is when you are adding or subtracting any numbers it doesnt matter how u write them.....
What damage does weed do to your body?
well it doesnt do any good
Why wool has to be carefully washed to avoid damage?
so it doesnt shrink
why wool has to be very carefully washed to avoid damage?
so it doesnt shrink
What property states that adding zero doesnt change the number?
Zero is the additive identity.
