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The taking of possession of property means basically having total control over it. If the property is a rental property and the landlord hands you the keys, then you are in legal possession of the property, something that the landlord cannot take back unless he legally evicts you.

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12y ago

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What happens if a farmer could not make his mortg age payments?

The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.The lender will take possession of the property by foreclosure.


What will happen if you stop making your mortgage payments?

The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.


What happens if you can't pay your second mortgage?

The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.The lender can foreclose and take possession of your property subject to the first mortgage.


How should husband take possession of property he inherited?

He should take all the possession of the property he inherited. Of course if the wife did not inherit any of the property.


What does Writ of Possession of real property rejected mean?

i had no property to sell


What if you win lottery and stop paying mortgage?

The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.


Can one person remortgage when two people are on the deed?

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What happens if someone pays their second mortgage but not their first?

The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.The senior mortgagee (the first) will foreclose and take possession of the property subject to the second mortgage.


Can spouse refinance home in his name only?

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What does possession of proceeds of crime mean?

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Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?

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Do you have to declare bankruptcy if you default on your mortgage?

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