Debt Collection

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The lender can go after you for any deficiencies and the foreclosure will be reported on your credit record. As a co-signer you are equally responsible for paying the mortgage.

No.

However, some states and countries apply a "communal property" rule, which means that even though they cannot sign on the account, the spouse has joint ownership of cash in the account by law.

Indirectly, the spouse is going to pay the debts, either by a smaller inheritance or as a beneficiary of the goods and services purchased by the spouse. The estate of the deceased is responsible for the debts.

Yes, if the creditor chooses to sue the borrower and receives a judgment award the borrower's wages can be garnished.

Please be advised, once a lending contract has been defaulted the lender can take whatever action they choose, the fact that they may accept a lower payment then originally agreed on does not mean they cannot pursue a lawsuit.

Some U.S. states allow a judgment creditor to garnish private pensions. The best option for a person who is in a situation where garnishment is possible is to obtain the advice of a qualified attorney,

An in rem judgment against property refers to a legal ruling that affects the rights and interests in a specific property rather than the individuals associated with it. This type of judgment is often used in cases involving disputes over ownership, liens, or other property-related issues. It allows a court to resolve matters concerning the property itself, regardless of the identity of the owner or other parties involved. Essentially, the judgment is directed at the property as a legal entity, making it enforceable against the asset rather than against a person.

Many people do. An advisor can tell you what options are open to you. You can then make an informed decision

That is a decision made by the lender. It might be possible depending upon the circumstances. For example, the offer made to pay off the vehicle loan is a larger amount than the lender would receive by making a claim against the estate of the deceased.

I sold my home with contract for deed tenant not making any payment who i can get back my home who i can evict him from my home

No. Wages can only be garnished in very few situations and by the government-like for back child support. He would have to have a court order to garnish your wages for anything. else. The article below explains the instances in which wage garnishment is allowed more specifically.

that depends on your state laws if minors are liable for such lawsuits.

Legally, a minor cannot have a credit card. They are not old enough to sign a binding contract. If one was issued to them, it is either because of a mistake, or the parents also signed. If the parents signed, they can be held responsible for the debt.

Consult an attorney that knows the laws of your state.

Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.

The Consumer Credit Act of 1974 (CCA-1974) provides a basis for all laws associated with non-payment of unsecured debt by consumers. The Consumer Credit Act of 2006 (CCA-2006) modifies portions of the CCA-1974 by providing consumers with more protection from creditors.

In summary, if one does not pay their unsecured debt in the UK:

* Banks will make all attempts to collect the debt

* If unsuccessful, based on the amount, the bank may apply to the court for a County Court Judgement (CCJ)

* Upon receiving a CCJ, the debtor will have difficulties getting ANY credit for the next seven (7) years

* As a result of the CCJ, depending on the amount owed, the debtor may receive an attachment of earnings order where part of your earnings are diverted to the court (to be paid to the lender)

* As a result of the CCJ, depending on the amount owed and if the debtor owns their home, the debtor may receive a charging order which converts unsecured debt to secured debt which allows one's home to be sold for recovery purposes

* As a result of the CCJ, depending on the amount and unlikely, the debtor may receive a bailiff's order, allowing a bailiff to take possession of items in your home to be used (once liquidated to cash) to pay the lender

Your brother's estate is responsible for payment of his debts. If there is no estate then his creditors are out of luck. You could send any bills back along with a copy of his death certificate.

For California, look in court forms web site and look for judgment exceptions to garnishment. I would do an attachment, but this is not an email.

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You cannot get blood from a stone. If you owe on an unsecured debt then that is that. In some states they do have some aggressive collection laws but if you have nothing then what can they take. You need to look into bankruptcy if your state does not have enough consumer protections to keep you from loosing your sanity.

Some areas of the country have been hit much more severely than others. We haven't hit the bottom yet because mortgages that are in default have been piling up behind the floodgates.

There are thousands of properties whose owners are in default and the lenders haven't yet taken possession of those properties. Banks don't take always take possession of properties that are in default as soon as the owners stop making payments because there are too many for them to take on all at once. They often wait until they have a buyer or take a few at a time in any one region, market and sell them.


The market is extremely depressed in many areas of the country. It is more difficult to qualify for a loan. Many people who would qualify under normal conditions are reluctant to take that step because of the instability in the work force. Young working couples who might have purchased their first home around this time find themselves working in industries that are downsizing due to the poor economy. They see their employers laying off or terminating employees by the hundreds and don't know if their notice will come next. They don't dare take advantage of the first time homebuyers perks.


Some cities have huge numbers of foreclosed properties that aren't selling. Many of those properties have been allowed to fall into disrepair since the owners couldn't afford them in the first place. They drag down the property values of other properties in the area.


Although the conditions vary around the country region by region, we haven't hit the bottom yet.

Name, SSN, Address or other verification of debt.

No one can really answer that. We do not know your mother and your person story with them. No one can answer this except your mother.

Ask her.

Your mother's estate is responsible for her debts. Her debts must be paid before any property can be distributed to her heirs. If she left property you should contact an attorney who specializes in probate to discuss your rights and obligations.

Store Cards vs. Credit Cards

1.Credit cards are accepted at many different merchants, including shops, travel agencies, airlines and many service shops. This gives you the freedom to shop for the lowest prices you can find among many different merchants.

2.Store cards are only accepted at one particular merchant, though they're usually welcome at any branch store run by the merchant. You're confined to the selection of products carried by that merchant at the prices offered by that merchant.

3.Credit cards usually carry a considerably lower APR on purchases than store cards. They typically offer starting rates as high as 29% APR - which is often the highest rate on a general use options, reserved for those that have built up penalties for late payments.

4.Cashback options give you a percentage of your cash back each time you use them. Some cashback cards offer a higher percentage when you use them at the shops of 'member merchants', but can still be used at any shop that accepts the imprint on the card. Store cards seldom give cash back, and can't be used in any other store.

5.Reward credit cards operate a good deal like cashback cards, but rather than giving you cash back on your purchases - which amounts to a discount on the price - they reward you with points that can be used to 'buy' other merchandise. Generally, you can't shop regular merchants with your reward points. Instead, you redeem them from the merchant company for merchandise that's offered by their 'reward partners'. The cards themselves, though, can be used anywhere that accepts them.

6.An interesting new twist on reward options are those that allow you to redeem your accrued reward points for gift vouchers that can be spent at any merchant that accepts their credit card. It's another step away from the limitations imposed by stores and 'membership only' merchants.

7.Membership credit clubs may look like credit cards - but they're much closer to store cards. Generally, you're required to pay a membership fee in order to shop from a catalog of merchandise offered by the credit club. They're not credit cards and can't be used like one.

Generally speaking, credit cards, especially cashback credit cards and reward credit cards, offer far more value than store cards. Be careful though, there are differences that will make one a better choice for you than another. If you're considering a cashback option, take the time to compare credit cards to be sure you're getting the right one for all of your needs.

Yes. And depending upon the circumstances the "bad check" issue might be a criminal one.

After a foreclosure, the mortgage company or bank will send you a 1099-like form showing forgiveness of the balance due on the mortgage, including the costs of foreclosure. This is income to you and you will have to pay income taxes on that amount unless you file bankruptcy. You can also remove any unsecured debt that would otherwise make it harder to start over.

If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.