What Happens If You Don’t Pay Back Home Equity Loan? A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term, just like your original mortgage. If you don’t repay the loan as agreed, your
Can You Sue Your Loan Officer? As mentioned above, if your mortgage lender commits negligence, you may sue your mortgage lender. Examples of this can include where they negligently fail to include terms in the loan agreement that were agreed to by both parties, or if they breach their fiduciary duties. Can you sue a
What Happens If You Don’t Pay Condo Fees? For example, in California, the amount owed must equal or exceed $1,800 (not including any accelerated assessments, late charges, collection costs, attorneys’ fees, or interest) or be more than twelve months delinquent before the HOA can initiate foreclosure proceedings. What happens if I refuse to pay HOA
How Do I Remove A Lien From An HOA? Removal of Association’s Lien To remove a lien on a property, homeowners must first satisfy the debt owed to the homeowners association. To pay off an HOA lien, the homeowner must make payment to the association in the amount of the delinquent assessments, plus interest and
Can A Judgement Creditor Foreclose? If the creditor chooses not to wait for you to sell or refinance the property, the creditor can try to “foreclose” on the judgment lien. This means that the creditor forces you to sell the property and pay what you owe with that money. What happens to judgments after foreclosure?
Who Approves A Short Sale? If the seller can show the bank that a short sale is a better option than a foreclosure, then the bank will approve it. That is typically how you get an approved short sale. What is short sale approval? When the house you want to buy has been approved for
How Do I Rescind A Foreclosure Sale? A lender can rescind a foreclosure sale if a borrower requests to reinstate the loan agreements and then makes payment to bring the loan balance current, provided this is done more than five days before the scheduled sale date. How do I postpone a foreclosure? You can postpone
What Happens To The Owner After A Foreclosure? After the sale occurs, the winning bidder gets title to your property through a Trustee’s Deed Upon Sale. The winning bidder might be a third party, or it could be your lender. In either case, you no longer own your home, but the new owner can’t ring
Can HOA Foreclose In Florida? Yes, Florida law does allow HOA’s to file for foreclosure. … If the lien remains unpaid, the HOA may begin a foreclosure case and force a sale of the property. There is no minimum amount required for the HOA to file foreclosure, they can file foreclosure for even one dollar.
Can I Get A Second Job While In Chapter 7? Once the case is discharged and completed you would be free to pursue a second job. Most Debtors can obtain additional income even righting after filing (no need to wait until discharge or completion). How long after Chapter 7 can I get a job? There