answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What happens when your home is repossessed?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about General History

If you have bad debt including a repossessed home can you get a mortgage in another country ie you live in northern Ireland and looking to buy home in republic of Ireland?

I bought a home in Ireland and all the mortgage broker looked for was proof of employment, salary and bank balances. They did not look into our credit history at all.


Is there a time limit within which the collateral must be repossessed?

None that I know of. i have saw cars being repoed after 3 years of being hunted.


What happens with the World Cup trophy after the World Cup?

The world cup trophy is sent back home to the winning country where they will display as their greatest accomplishment. then can only take home the original trophy when they become world champs 3 times. they take it home every 3 championships. meanwhile they only take a replica.


What happens if you do not touch home plate after hitting a home run?

He's out. Missing any plate is an out. If the bases were loaded and the man on 2nd missed the plate you would only score a point for the man on 3rd (assuming he hits the plate). There would be one out if everyone made it to the home plate, but the man on 2nd, 1st and batter would not get runs.


What happens to personal property left in a repossessed vehicle in Washington?

A creditor may not keep or sell any personal property found insidetje car. This does not include most improvements made to the car, such as a stereo or luggage rack. If your creditor cannot account for valuable articles left in your car, you may be entitled to compensation and you should consult with an attorney. IN Georgia you have 30 days to remove any personal property Left in a repo.

Related questions

What happens if a police officer's house is repossessed?

then theyre out of a home


What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


What can you do if your home gets repossessed?

Get a job


If your motor home is repossessed and you can't pay the difference what happens?

The motor home is sold and the money received from that is used to pay the difference. Any money left over will be returned t the owner.


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.


What happens to title loan cars when they are repossessed?

They are sent to an auction and sold.


What happens when a car is repossessed and you are the cosigner?

You will also be liable for any deficiency balance


What happens to your credit after a car is repossessed?

Normally your credit is ruined for 7 years.


What happens if your mobile home is repossessed voluntarily?

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.


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?


What happens if your repossessed house is sold for less than what is owed?

You owe the difference I think.


What happens if they can't find the motorcycle to be repossessed?

Edit: They should replace it. Original: you win.