0
What are the Consequences of leaving the country without paying back loan from high street lender?
Well it is very difficult for the lender to chase after a debtor who resides in Another Country. However, it is possible to pursue a case for fraud. Taking a loan out with no intention of paying back the loan is fraud.
What else can I help you with?
Can a mortgaged property be placed in trust?
No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.No. Not without the lender's approval.
If you simply give your keys to your lender--leaving the house in perfect condition--do you just walk away and suffer the consequence on your credit--or will you have to pay the lender something?
The answer depends on the lender. You need to discuss the situation with them and reach an agreement to transfer title. They may ask you to sign a deed in lieu of foreclosure and there may be tax consequences for you personally. You should speak with an attorney.
What are the consequences from a lender when a demolished house is involved?
When a demolished house is involved, the consequences for the lender can include a loss of collateral value, potential financial losses, and the need to address any remaining debt or liabilities associated with the property.
Can you pay your mortgage late without facing any penalties or consequences?
Paying your mortgage late can result in penalties and consequences, such as late fees, a negative impact on your credit score, and potential risk of foreclosure. It is important to communicate with your lender if you are facing difficulties making payments to explore options and avoid these consequences.
What country is US's biggest lender?
China
What are the consequences of defaulting on a mortgage?
Defaulting on a mortgage can lead to serious consequences, such as foreclosure, damage to credit score, loss of the property, and potential legal action by the lender.
What are the consequences of having a mortgage in default?
Having a mortgage in default can lead to serious consequences such as foreclosure, damage to credit score, loss of the property, and legal action by the lender.
Can you get sued by a payday loan company for moving out of state when you have a payday loan in the state that you are leaving?
Any lender has the right to sue regardless of the reason if you choose not to pay them back. Leaving a state where you took a payday loan is not a reason for a payday lender to sue you - not paying them back is.
Can you get a mortgage without your lender selling your mortgage?
You have no control over a lender selling your mortgage. However, it is less likely if you do business with a local bank.
If you have two mortgages can you pay one and not the other?
There will be serious consequences. The lender you don't pay has the right to take possession of the property by foreclosure.
Can a lender sue you if they sold your car without letting you know they were selling it?
No.
Is a mortgage note invalid without the lender signing?
No, it is still valid
