 I am renting furniture and I've made a total of $1,360 in payments. Are the lamps and tables mine? |
| I am renting furniture and paying biweekly. I've made a total of $1,360 worth of payments. That exceeds the cash price the rental co. is charging for two lamps, and 3 end tables. I have not paid ... |
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 Is it legal for an apt/townhome/duplex complex to chg a monthly rental fee for dog/cat in addition to deposit? |
| I have paid the required pet deposit of $450.00 and half is non refundable. In addition to that I was required to pay an additional fee 0f $25.00 monthly as "pet rental" for the duplex. I ... |
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 Is it possible to get a loan for a manu. home after bankruptcy with land and a down payment.? |
| i had to file bankrupcy about a year ago due to medical bills. is it still possible to get a loan for a manufactured home now if i have some land and a down payment to put towards the loan.... |
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 What rights has my landlord got in regards to entering my room without permission? |
Additional Details
Ok, he entered my room without me in the room and took money which he assumed was rent. He never gave me any notice at all. Is that legal?... |
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 Can a person with an income of about 25,000 afford to buy a 200,000 dollar house? |
| I am having an argument with an individual and I am arguing that a person with an income of 25,000 and has five children cannot afford to purchase a 200,000 dollar house. He says that that person can.... |
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 What do you do if you owe more than your house is worth? |
| We bought our house 3 years ago for 849,000. Yes we did the zero down with two loans. Now with all the foreclosures and the market our house is worth about 620,000 and the house across the street ... |
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 Landlord trying to get over on us.? |
| about a month or so back, my landlord decided she wanted to name her ex-husband (who apparently "owns" the property) to be landlord, so she took our lease & whited out her name & ... |
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 My roommate forged my name on the leasing agreement at our apt, w/o my permission. Can I get out of the lease? |
| I began by subletting, w/o the apt management's knowledge in Sept. 07. In Dec. 07, it was time for lease renewal. I filled out the application, and signed the work history documents that were ... |
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 Im the sole name on the mortgage, if I add someone to the title, can I remove them without his/her permission? |
| My boyfriend of 3 years and I are purchasing our first house together, but due to his bad credit, just my name is going to be on the mortgage to get a better interest rate. I was told that I can add ... |
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 I just pass my real estate exam. How much commission % should I get for helping a seller or buyer? |
| How do I know which broker to sign up with, in order for me to practice my real estate? I want a broker which will pay me my fair share when I help a client buy or sell a property. What is the ... |
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 What to do when you buy a house in San Francisco and the renter does not move?I have that problem.? |
| My daughter bought a house in San Francisco with a renter living in it at the time, now she is facing a horrible dilema in trying to evict her out of the house, in the mean time she has to pay the ... |
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 We want to buy a duplex, live in one side, but both units are presently occupied...? |
| My husband and I want to buy a duplex and live in one side, rent the other. The one we are interested in has both units rented out right now. I am not sure when the leases expire and what the terms ... |
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 I gave my landlord 30days notice and paid the rent for the 30 days but do I need occupy it or can i move out? |
she got her money for the last 30 days does the law say i have to be there or can I move to my new place.
Additional Details
she makes it sound like i can't move out till she rents ... |
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 Just set up home and need free/very cheap stuff? |
hi
ive always rented furnished accomadation .but now ive got a house and i need basically everything.im on a tight budget.ive tried freecycle,does anybody know of any similar websites or ... |
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HotRod | Can you go to jail because of Foreclosure? |
My house was foreclose and auctioned for $264K and I have a balance of $477K. According to some state laws, I am liable to pay the difference. Is this correct? What are my legal rights? Do I go to jail if I don't pay? |
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shiprepairwoman
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The only way you could go to jail is if you committed fraud to get the loan. |
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u4tsaf2
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THE AUCTION PRICES DOES NOT MEAN IT MET THE MINIMUM (RESERVE) PRICE.
SERIOUSLY DOUBT YOUR LOAN COMPANY WROTE OFF THAT MUCH MONEY ON A LOSS. |
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bailie28
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yes you are liable for the rest...you wont go to jail..but you wont own anything else till you start paying that off and get it gone |
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Todd B
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It's correct that you do have to pay, but I don't think you will be going to jail. They'll get their money one way or another. Even if they have to go as far as garnishing your wages. |
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Cyrus
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Definitely no jail, so don't worry about that.
I actually once lost an investment property because of some mistakes I made. Was able to do a deed in lieu with the lender and thus it had a hit on my credit, but I was able to walk away from the property.
I don't think you can automatically assume the bank will come after it's money. Most likely, the house didn't actually sell for that amount and your primary lender bought the note back for a higher amount. A lot of it depends on your mortgage documents. Some people right now are losing homes that they never should have been able to afford in the first place. A good attorney can help you figure out if you fit in that category. You can then make a case that it was the originating lender's fault and not yours. Sounds fake, but I've seen it happen.
Lastly, you most definitely will get hit with a tax bill. If the bank let's you off from paying it, the feds will count that difference as income so be ready to pay the man.
Good luck |
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Garacaius
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NO....you won't go to jail. You need to check with a Bankruptcy Attorney. If you can go Bankrupt on this, then you can go on with your life afterwards. |
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msdarkness
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you won't go to jail because you are broke, however if the lender decides to go after the money you owe they can garnish your wages if its legal in your state or they can freeze your bank account or any money account. if you want peace of mind it's probably best to file bankruptcy. a good attorney will give you a free consultation and let you know what is the best option for you whether it's a chapter 7 or a chapter 13. the difference is that a chapter 7 you pay an attorney fee and all your debts are wiped out. if you choose a chapter 13 you pay no fee but all your debts will be consolidated and you make monthly or biweekly payments for about three years and than your case gets dismissed.
i would advise you to take the chapter 7 so that all you debts get wiped out and your case will get dismissed within three months instead of three years like with ch.13.
you will sleep better at night and starting over is easy.
good luck, |
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DCK2003
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No, you can not go to jail for not paying a debt. You can have your wages garnished, any additional property or assets seized, your tax returns can be withheld, and other things can happen. However, many, many loans currently in default where the result of mortgage fraud, lying about income, assets, or credit history on a mortgage application is mortgage fraud which is a felony in most states. The federal government is looking into these types of cases currently because of the increasing frequency of the crime over the last few years. You are liable for the difference of the loan but only for the statue of limitations to collect on a judgment in your state. At minimum sit down with a credit counseling service asap and speak with a bankruptcy attorney regarding your situation. |
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samantha
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No , we don't have debtor's prison.....but what it does is forces you into bankruptcy....which you have to file ....you do owe the difference, but the bankruptcy absolves you from owing it.
This ruins your credit for awhile.....but you can rebuild it later.
There are different types of bankruptcy...so you need to find an inexpensive lawyer who just works on these kinds of things.
They can advise you what to do...you can make an appointment and they won't charge you much, and then a fee if you decide to file it.
But no...you don't go to jail.....but you will be hounded for the money....so for a large amount like this, bankruptcy is probably what you will have to do. |
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clarkzkent
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This is a civil matter, your not going to jail!
You are liable for the balance.
It will go on your credit and they will hound you for the next 7 years unless you file BK. |
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