What happen when a house seize reposssed, do you loose adjectives the equitty?

Rental agreement/Lease question/ adjectives property.?



Answers:   in most cases yes. I enjoy heard that what ever your house is sold for by the hill , if its not enough to cover what is still owed to the ridge, you are still responsible for the difference. so if you think you hold equity in your house and the guard can only return with so much for it because the market is really low right in a minute, you may get screwed. I would bid the bank and ask some question.

Why is my buy it in a minute price not showing on my ebay register?


YES. If there is equity afterwards sell it and seize it yourself.

If there is equity it may work close to this. Lets assume your house would sell for 300,000 and you owe 250,000. It go in to foreclosure. The edge will "bid" 250,000 for the house at auction (or even less). The difference that is owed and the amount bid will be distrustful. You will owe this difference to the bank and taxes to the IRS.

It go before a believe to be and the judge ok's the foreclosure. At this point, you are NOT!! the owner anymore.

The wall will now put the house on the marketplace for 300,000 and if it sells for this, THEY the mound make the profit.

What can i do if i do repairs and such too tangible estate property and they don't reimburse ?


It may change state to state. In general, when the home get repossessed and is later sold, IF the proceeds exceed the amount of the debt and the costs to repossess, the excess should be returned to the debtor, you.
Your mortgage , however, may own specific terms. Read them. Usually, since the mortgage company is going to supply it to the first person to present enough to cover their loan set off. They won't wait for a highly developed offer so that you can achieve something out of it.

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