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What else can I help you with?
Is a spouse of one of the beneficiaries of an estate permitted to remove tangible property from the home such as tools?
The spouse of a beneficiary has no rights to the estate. Removal of property without the executor's authorization could be prosecuted as theft.
What can be done when the lien holder has repossessed your mobile home but has not removed it from your property?
CHARGE THEM STORAGE
Can the bank repo a trailer when you're not home?
yes, if it's being repossessed, it is the banks property.
Do you have to pay federal tax on a repossessed home?
The home was repossessed in 2005, the FMV and principal balance were both 133,252. The adjusted basis in the property was 114,000. It was a main home for 7 years. Is there a capital gain to be reported on schedule D?
Can you reposses a car in a different state?
Property can be repossessed in any state. A recovery agent can leave his home state to recover property in any other state in the union.
If you are unemployed drawing unemployment insurance and your vehicle is repossessed can the lender go after home and property you own in order to receive the balance of the vehicle?
NO! Not without a court order granting them that action. Taking anything that was not covered in the contract would be conversion.
Can your furniture be repossessed if it is in someone else's home?
It can be aslong as they have permission to enter the home they cannot enter without permission or they can be arrested for breaking and entry
What are the laws in Michigan on manufactured home repossession?
If a borrower defaults on loan payments for a manufactured home in Michigan, the creditor can take the manufactured home. If the manufactured home is real property the repossession and foreclosure is on the manufactured home alone. If the home is being used for residential purposes, the home is repossessed according to personal property laws.
Can I remove cabinets from my repo home?
You are entitled to remove any property from a repossessed property, be that home, car, truck, or other property. Keep in mind, though, that any damage done will have to repaired and that cost can be passed on to you. If you added the cabinets after you moved in, remove them, but do so in such a way that no damage is done.
Can you move into a foreclosed home legally?
Yes, if you rent it or buy it from the bank....Hopefully your not thinking about the game some people are regarding squatting in the property and the laws about having you removed from this type of situation. It's not worth it.
What can you do if your home gets repossessed?
Get a job
What are some of the tips for buying a repossessed house?
When one looks to buy a repossessed home, he/she should show him/herself as a worthy buyer; thus he/she should seem eager to buy, and make it clear he/she can afford the property. The buyer should ask questions which pertain to the property he/she is looking to buy. The buyer will have to do a lot of digging for his/her questions to be answered honestly and without circumlocution, thus the buyer should be assertive but patient. It would also be smart to figure out the actual value of the property, and the costs of repair services and fixtures/changes.
