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What happens to second mortgage in foreclosure?
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
Will credit card debt go away after 7 years if unpaid?
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
What is the minimum debt that can end up on a credit report?
There is no minimum. 1 cent of unpaid debt can be reported.
Can a collection agency sue for unpaid credit card debt?
yes
What do you call a debt that remains unpaid?
Default.
What are the Example of ethical proverb?
No debt remains unpaid
What are example of ethical proverbs?
A broom is sturdy because its stands as tightly bound
What happens to second mortgage in foreclosure?
After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.After the foreclosure of the first mortgage the second mortgage is wiped out as an encumbrance against the property but remains an unpaid debt against the mortgagor. The creditor can sue in civil court.
What is the statute of limitations for unpaid DUI fines in Oregon?
None. It's a debt to the court and there is no limit on the time they have to collect or how long they can hold you license suspended if it remains unpaid.
What can you explain the sentence walang utang na Hindi nababayaran?
This sentence in Filipino means "a debt that can never be paid." It conveys the idea of an unpaid debt that remains unresolved or unfulfilled.
Does house lien earn interest?
Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.Generally, yes. Liens generally accrue interest for every day the debt remains unpaid.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
Claiming of unclaiming unpaid divided?
Claiming and not claiming unpaid dividends are when you have paid a debt. Once you have paid a debt it is is claimed.
Will credit card debt go away after 7 years if unpaid?
No it will not go away in 7 years if it is unpaid. If debt is lft unpaid, the interest rates will continue to go higher and higher.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
If a medical bill is unpaid will it affect your personal credit?
An unpaid medical bill is like any other debt. It can be reported to a credit agency like any other debt.
