Loans

God I wish I knew! I'm going throught the same God-Damn-Problem :( I just got a 69% on my final and the course has been so hard on me. I feel like crying my eyes out till they bleed :( my overal grade is a 75% so I don't know how this will affect my Financial aid, with all the financial aid crisis going on. Usually I get good grades but it's been hard with personal issues at home that all I think about is it and now its affect my school work. God this is so depressing :( Sorry.

You haven't provided important details such as what came first- the mortgage or the survivorship deed. You should consult with an attorney to determine your obligations and options regarding the mortgage.

If in the US, call the Dept. of Education at 1-800-4FedAid Other areas may write the loan off as a loss in the case of the student's death.

A court order is a court order. You need to contact your divorce lawyer and have him file a motion for a hearing against the spouse for contempt of court (failure to obey a court order). You can also contact the court clerk (civil court, or preferably domestic--whichever your city clerk advises you the issue will be regulated in) and they can assist you in filing a motion for the hearing yourself if you did not have a divorce lawyer during your divorce proceedings. Most likely, the judge will fine your ex-spouse and require an allotment to be initiated for the mortgage payment.

I am unsure what you mean by 'some schools'. If you are referencing any post high school education which would include beauty school, trade school, etc. Some may not be an option. It wouldn't be by their accord, more in regards to the laws/entities giving the loans who decide such. I believe if you are attending a University, it would be very difficult to believe they wouldn't take them It's money in there hands. Look into the Stafford Loan.

No. When a federally funded student loan is in default the IRS has the legal power to seize the person's refunds until the loan is satisfied or a court order or decision from the federal tax court invalidates the action. http://www.irs.ustreas.gov

If it's YOUR loan and YOUR taxes, no. But if you're asking from a spouse's POV, then yes ... you would file for Injured Spouse with the IRS and at least a portion would be refunded to you. That being said, though, it would increase your spouse's liability.

The individual who was granted life estate to the property is responsible for taxes, maintaining the property at the level it was when the estate was granted. However, the individual does not solely own the property and therefore cannot rent, sell or in any manner encumber the property without the other persons who are involved being in agreement.

Using those funds on your new home will knock you into a different tax bracket and may jeopardize your chances of getting future loans. Remember, part of the student loan process is providing your tax returns.

Most personal loans made between individuals when the terms are not adhered to become matters for small claims action (depending upon the amount of the loan and the laws of the state where the defendant lives). Small claims court is a simple and relative inexpensive procedure to recover debt owed. The person owed the debt (plaintiff) must be able to prove to the judge that such a transaction occurred. In small claims court this is simple to document, as the lender only need show by a preponderance of evidence that the the funds were a loan and there was an agreement for repayment.

Only if you have the courts permission

What is Loan Pricing? How does it calculated?

The only way you will get off the loan is to pay it off. If the other owner died, then you are now solely responsible for the loan.

A lien can be placed upon any property if first, there is a judgment. You first have to have a judgment, where a debt is actually proven in a court of law, leaving a judgment. THen, if not satisfied, they certainly can lien your house. Anyone holding a judgment that is not satisfied can lien your house.

If you are still living at home while in college your parents income will be counted, so you have to be totally independent and NOT claimed on your parents taxes as a dependent. So, it isn't dependent on age, but income.

Kind of a complicated case to be reduced to a one sentence answer;

Pollock v. Farmers' Loan & Trust Company, 157 U.S. 429 (1895), affirmed on re-hearing, 158 U.S. 601 (1895), was an important case in which the Supreme Court of the United States ruled that the unapportioned income taxes on interest, dividends, and rents imposed by the Income Tax Act of 1894 were, in effect, direct taxes, and were unconstitutional because they violated the rule that direct taxes be apportioned.

Yes, it technically can. However, some mortgages have "due on transfer or sale" clauses that would allow the bank to immediately claim all money loaned due upon the transfer to the trust. Your best bet would be to simply go to the bank that holds the mortgage and tell them what you want to do, and see if they are ok with it.

contact your State Attorney Generals office

Presumably you mean the loan that H&R Block gives under that name? First off, from some things i read, I believe they require you have $10,000 of income and an anticipated refund of $1,000. This is another play on a "Refund Anticipation Loans" an RAL - available at all the usual suspects!

Listen.. these are universally considered the single most terrible and abusive type of loan or finance available! You will pay a huge cost in virtually all cases, whether it be the pure cost of the loan or some hidden costs, (how much they charge for the related tax return, processing fee, mailing fee, whatever). DO NOT DO IT. See, if your in that much of a mess...you really need to understand.... No, it's not that "we" don't understand...I assure the rest of us generally do understand sacrafice...no it's not that you can't afford not to get the money....thats the crazy thinking that makes your situation worse....YOU CAN'T AFFORD TO GET THE MOST EXPENSIVE THINGS.....and this is. (If "we" - with jobs and income...and of course bills, needs, etc., think we won't or can't afford it...I'd say you should understand you shouldn't and can't either).

Moreover, generally the money (the tax refund itself) they get as the payback is only a few weeks away from you, were you to file for it anyway. And the fact is, were you to just change your withholding (even today as I write this, in early December), you would not have over paid in. So your paying a bunch of money to get a loan of the money that is yours anyway!

There is no other way to say it...these are "loans" for fools...the warnings are published everyplace, (every government agency and every consumer advocate warns you about how bad a thing they are)...so perhaps the people who may actually still fall for it - actually deserve to be taken for the ride and used (or is it abused) as such....that being the fool is what they like and just their proper lot in life!

An installment loan is a loan that is repaid over time with a set number of scheduled payments. The term of loan may be as little as a few months and as long as 30 years. A mortgage, for example, is a type of installment loan.

There is a bit of confusing concerning the terminology used in the question. A judgment writ is issued to the plaintiff if the lawsuit is won. The judgment can then be executed pursuant to state statutes. The process of filing a lawsuit can begin by contacting the clerk or the administrator of the court of jurisdiction or by retaining legal representation.

Not at all. Every post-secondary education institution from the humblest Junior College to Harvard has a whole crew of professionals on board whose job is to make sure you get as much financial aid as you want or need. Their admissions department is not interested in how much money you do or do not have. Phil

Assuming a Chapter 7 was filed, if you did not surrender the property to the bank, the bank would file for relief from stay and be able to pursue foreclosure.

If you surrendered the property, the mortgage balance was discharged and the bank was in violation of the automatic stay. A notice of the bankruptcy should have been filed with the court the bank sued you in. You cannot ignore legal procedures taken against you after a discharge. You have to respond appropriately.

What you are describing, if I am understanding correctly, is another party acquired your personal information and used it to obtain a loan. If that is the case and you did not sign the loan documents and you have not given the other party power of attorney to act on your behalf, then this would be considered fraud and most likely, identity theft

You should contact the lender and file a fraud report with them. Additionally, you should file a report with your local law enforcement agency.

Government student loans. Some companies also offer contracts to those with bad credit, but the interest is much much higher.

The first thing that comes to mind is disability.

Additionally, consider contacting the U.S. Department of Education ---- or, the particular Government agency that can consider a deferment of your loan, such as: "I'm looking for a job to pay off my student loan --- I just need time, can you help me"?

It has been my finding that the Government agencies, which "back-up" your loan will be able to "work with you". Just contact them --- but, whatever you do, don't "avoid" (them). This is where "default and collections" come into play.

Regards.