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How much would it hurt your credit if the car you co-signed for gets repossessed?
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
How does a home get repossessed?
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
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 happens if you are in chapter 13 and your car gets repossessed?
If neither the lender or the repossession company is notified that you have filed, and they proceed in good faith, your car can be repossessed. If either knowingly violated the stay, you may be able to redeem the vehicle, and the bankruptcy court may fine the agencies who acted in violation.
What to do if your car gets repossessed in SC?
walk
Can a transfer of responsibility be made after car is repossessed?
No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.
What are the release dates for Hollywood Is Hard - 2011 The TV Gets Repossessed 2-8?
Hollywood Is Hard - 2011 The TV Gets Repossessed 2-8 was released on: USA: 2012
Can you retrieve personal belongings from a repo car?
Yes you can retrieve personal belongings from your car if it gets repossessed. By law you are allowed 7 days after your car gets repossessed to retrieve your personal belongings.
Can you be sued if you let your mobile home be repossessed?
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
If you are leasing and your veichle gets repossessed what do you owe?
You will need to read you lease contract.
Can car be repossessed on locked property?
It can if the lender gets a writ of replevin, the deputy can take it.
How much would it hurt your credit if the car you co-signed for gets repossessed?
Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.
What happens if a police officer's house is repossessed?
then theyre out of a home
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?
If a spouse's car gets repossessed after their death does it affect your credit rating?
If your name was on the note, yes.
Can you still owe money after your mobile home is repossessed?
Yes. The home was repossessed because you failed to make payments you contracted to make. Even though you no longer possess the home, the contract is still in force and must be satisfied unless the lender forgives it,
