do you owe money for a mortgage with a bank. if so then that is why the bank repossed your property in the first place, and the sale at auction will be at a price where the bank sells your house for the amount of the note you have with them. if you owe money to credit cards you are still liable to pay . any other bills you have no matter for whatreason you owe them, the only out you have is to declare bankrupcy and all your bills will disappear, if you want you can reapply for credit cards after 2 years and start all over again.
You still owe money.
Nothing happens. You still get the money in your account. They just want the house, not your money.
You will have to prove to the dealer that you are waiting to get the money. Show the dealer your loan approval documents.
It is recorded that the money is yours but your money is still in circulation. It isn't like a safe which holds each persons individual money. Your money could be used for someone else to withdraw their saving account, but your money is still available to you. When you get it back it just won't be the same exact coins or notes that you put in your savings account.
You still owe the money to the mortgage provider.
did you mean resource? The lender has authorization called lean to hold your property after a loan debt.
Payments made after a car is repossessed will no longer be returned to the debtor. In fact, the lender can still require the debtor to pay the remaining balance of the loan.
You may still end up owing a lot of money on it ,and you won't have it ! State laws vary on this - better to negotiate a settlement of some kind.
In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?
You still owe money.
If a car is repossessed due to the payments not being met then there is a period of time where the repayments can be sorted, or if not the car will be sold to recover as much money as possible. Any outstanding debts will still need to be honored and finance companies often have power to sell your home to recover the debt. It is possible to get good insurance to cover this scenario.
Nothing happens. You still get the money in your account. They just want the house, not your money.
It is still a loan. as long as you owe, interest accrues.
You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.
The home is still yours, therefore you still have to pay rent as long as it sits there. But you have been evicted, so you cannot live there. Best bet is to see if the park will buy it or find someone to buy it. Get what you can for it. Or if its not worth alot to you, abandon it. This happens more than you would think. BTW, they are called "mobile homes" but they are not as mobile as you might think. They cost about $8K to $12k to move (tear down, move, set-up). If this home is really old it may fall apart.
You'll be ticketed for driving with an invalid registration and driving without insurance, and you still owe that money to the bank.
I think you will still get your money back :)