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Can a bank take your personal property if you can not repay a line of credit?
Yes if it is charged to the bank. Otherwise through legal proceedings.
Which of these is a lien on the property that secures the promise to repay a loan?
mortgage
What is a lien on the property that secures a promise to repay the loan?
Mortgage
What is a lien on a property that secures the promise to repay the loan?
Mortgage
What is a lien on the property that secures the promise to repay a loan?
Mortgage
What does default mean in personal finance?
Failure to repay a loan
What happens if you can't repay a personal loan?
It depends on the situation. In many cases they can take you to court and get a judgement against you. That would allow the bank or other institution to seize your property ( house, cars, etc.) and sell them to raise money to repay the debt. They could also garnish your paychecks.
Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
Is there legal recourse to get someone to repay personal loan?
Small claims court.
Can you use property as collateral for a mortgage?
Yes, you can use property as collateral for a mortgage. This means that if you fail to repay the loan, the lender can take ownership of the property to recover their money.
If you receive a personal injury settlement do you have to repay your creditors the total amount owed to them?
yes.
Can you refinance without a o-signer if he doesn't even pay for his half of the mortgage?
Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.Yes, as long a you meet the lender's requirements for ability to repay on your own. However, if he is also on the title he must transfer his interest in the property to you.
