Can my house be repossessed? related questions

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Can my house be repossessed?0Palace2012-09-14 10:04:04
So for a long boring reason I will not go , I have 3 secured loans / mortgages in my house ! This was great a couple of years ago , but now my house is in negative equity and changes in my work made ​​me really fight. MedlinePlus MedlinePlus However, the real problem is the third secured loan . My question is - can they, as the third charge , initiate a recovery procedure when I say that you can not pay the full amount and reduce my payments . In fact , I'm up front with my two other loans . MedlinePlus MedlinePlus I'm in the UK . Thank you.
What happens to my secured loan on a repossessed house property?1rodrigo2012-08-28 17:36:18
I had my foreclosed property last May , but I also had a loan secured on the property . The house has sold about 3 weeks , but I keep getting phone calls from the guaranteed loan company that I owe $ 33,000 because the house was sold to the mortgage people used to tell me how much it was because I had just thirsty 18 large deficits mean for both mortgages and loans . Any advice would be greatly appreciated thanks .
Can your car be repossessed for being late on your house payment at the same bank, when your car loan is not l?1Allard2012-09-28 22:17:02
A friend of mine is behind on their house payment and a credit card . The bank said that if not enough come retrieve his truck even though the loan is not delinquent truck . The three loans are with the same bank that is a credit union .
If my house was repossessed and I have a loan secured to the property does it get paid off ?0Scotty2012-09-30 20:47:02
When m , and the house was foreclosed house sold for
Help!Anybody get their car repossessed?What happened to your credit? Should i let my car get repossessed?3Albert Minner2012-08-17 20:09:03
I paid $ 49,612 in a Mitsubishi Montero Limited (which still needs $ 22,000 cause blah blah blah do not pay ahead of time) So my engine broken in the middle of the road - My mechanic says I need an engine, and perhaps also a transmission .. (UGGHHHH) will cost $ 8900 to fix! But maybe only have one engine (which maybe only $ 3500)? ? ! I live outside the city limits, so driving a total of 80 miles per day just to send my child to and from school (private school). I also need a vehicle for you to pay for life ... A bus is not an option for me is that it would take about 8 hours total to get to school and back. Thank God I only work weekends, but the issue of bus the same 8 hours in total - I work 16 hours a day Friday and Saturday only bus so it physically impossible ... Im totally dumb founded .. I have no idea, meanwhile, my son has to miss school today cause no transport .... I worry about the future .. Because if I get a repo on my record, I feel like I will not be able to get a house or an apartment, even if I ever need (unstable marriage) .. Above all what happens if my child ever need help in a school loan I want to be able to help. Should I risk my credit card I've worked so hard to be fixed. PS while I was in college I got my car repo'd, but I was able to recover and pay the next day (was only $ 2000 to pay). I really apppreciate any help from any other people may have gone through this before .. What happened to your credit card? What should I do. My family and friends say they get repo'd, causing his death. And just to buy a new car cheap (about $ 15,000) .. I say the new car, and pay the $ 22,000 and I pay off about $ 950 per month for the new car, the truck, that the dead no longer exists? I'll have to make these payments for about 3 years .. After his more between me and the truck. I'm confused, if anyone out there can help me, really appreciate it.
Can my house be repossessed if I am paying mortgage but not paying a secured loan?2Sometiing2012-10-05 22:39:04
Will my home be foreclosed if I'm paying mortgage but not pay a secured loan ?
Should I let my car be repossessed?3jess.2012-10-08 20:02:02
I have car loan with UAC / Car Hop ( worst decision ever! ) I'm having trouble making payments and it is becoming clear that I have to leave the car back. My credit is not great to begin with (hence the need to go to jump car / UAC). I tried to work with the bank and are not willing to do anything. I just need advice. I'm thinking about bankruptcy after it tries to erase everything and start over. I know my credit is screwed for 7 years, but it will be with a repo anyway.
Car repossessed -- should I let it go or..?0when it rains2012-10-14 17:11:35
In April, I moved to another state to get home to my parents because of financial difficulties, and have since been unable to find another job. Louisiana, the new state I live now, not even let me have unemployment because of an "error code" that is way over my head. MedlinePlus MedlinePlus Anyway, this morning my car was recovered. This is a serious setback loan: the value of it is probably no more than $ 2,000 while I owe him something like 9.000 to 11.000. I do not understand the laws of foreclosure or bankruptcy, or even whether bankruptcy should be an option. MedlinePlus MedlinePlus I owe about $ 3,900 in other unsecured debts (payment, credit cards, deficits due to schools, etc.), in addition to the debts of mystery that I might have forgotten. I owe about 15k in student loans, which I believe can not run out of business and are the main source of my problems. I do not think this is a reasonable amount of money to apply for bankruptcy, but I'm not sure what other options you may have. MedlinePlus MedlinePlus Should I try to negotiate with the creditor of the car to perhaps have returned? (I have no job - but I have 40 miles away from civilization, without a car, I'll never be able to get the job.) MedlinePlus MedlinePlus Should I give the car completely and let the bank sell it? You still owe the money left on the loan balance? MedlinePlus MedlinePlus My long term goals are to try to go back to school to get a degree after getting a secure job, but destroyed my credit, I'm not sure how best to fix it from this point forward. Any advice would be appreciated. ((And although I know that someone will come here and say I'm a lazy, blah blah blah, I have applied to over 400 jobs since I've been here and had only failed, expensive interviews - proof that doing that just $ 8 to his name. know I work hard, so do not waste your time or mine.))
What if I don't pay for my repossessed car?1MTTT*2012-10-14 08:47:03
I'll get my credit report , and feel very overwhelmed . I lost my car (rather was repossessed ) after losing my job and raise unemployment , which is much less that can barely afford food every month , so forget about a car payment . And frankly , I just want to know what happens if you do not pay these debts ? I have many debts , but for a college student 21 years of age , I am more or less in front of the firing squad right now financial . 5K in the car , student loans 2K (which need not be paid until I graduate ) , 1.5K in a Capital One card . Those are my concerns . MedlinePlus So the question : what if I never just paid ? Is it possible to rebuild my credit without having to pay again ? Do not reboots every 7 years or so ? MedlinePlus Thank you.
Should I have my car repossessed?1Alder2012-10-09 20:25:03
We are struggling financially . With no mortgage , car note , car insurance (two cars ) the credit card debt , student loan payments and monthly utilities (electricity , water ) , to mention a telephone bill , etc etc my husband and I are falling deeper and deeper into the hole each month . We have three children and we have to keep in mind that we need money after all the bills are paid to feed our family . We keep bouncing checks just to make monthly therefore spending money before we have it and putting us increasingly in the hole . My husband and I talked about what we should do . Let's cut spending and get rid of extras .... We also have a truck that is paid . We are still indebted to the car and we need somewhere around 10k yet. If we were to come and pick up the car , our family would save 500/month . We just need a car anyway. Should we go ahead and do this ? Never had to do something as drastic as this before. What are some of the things that are going to participate ? I know it will make the credit for 7-10 years. In addition , we consoladated our credit card bills and pay one payment a month. When the car was auctioned and the remaining balance was extended to us, we intend to turn consoladating with other debts . Please anyone has any advice or any other approach to this difficult situation?
Bike Got Repossessed?1thea2012-08-13 17:16:03
I bought a bike a year ago, I took over payments without knowing that it would not be able to pay for it so it has seized. Now I have all the creditors on my back that says I have to pay $ 4,000 or take me to court. I wonder if this is a fact. If so , how I can prevent this from happening . I am a full time student who works part- time work , but it makes enough money yet . I have other bills ( PMNT car, car accessories , mobile phone, etc) have always been on time. It really was for me to pay this bill , but I take full responsibility. I just want it fixed at this point. I can not get a loan because it ruined my credit , and nobody in my family will help me with the loan me the money. I need help fast ... I need to know what would be the smartest move at this point . Thanks
Will I get my repossessed car back?2ANONIMOUS2012-10-25 04:40:49
A few weeks ago , one of my car was repossessed . Unfortunately , my ex husband was driving , and stopped making payments ... and could not afford to take over ... so the car was taken. Just had a balance of $ 600 when it was taken , and the bank charged me $ 475 for towing charges . I bank with the bank that gave me the loan , and just today my check was in ( I have direct deposit ) . My bank took $ 500 off and applied it to the car loan ... and now there are a little over $ 500 more than it should . To my knowledge , they have not sold this car yet ... so my question is , if the bank is making me pay this loan , should not take the car back ? I am angry beyond words , this is absolutely ridiculous . I am a single mother and cut my salary by $ 500 is really going to put me back ... I think we should at least get the car back ... What do you think ?

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