Can you lose your car in a foreclosure
#1
Burning Brakes
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Can you lose your car in a foreclosure
Let's say that i was going through a foreclosure on an investment property. Could they possibly seize my paid off vehicle? should i transfer the title to someone else?
Does anyone know where i can search for more info? thanks
Does anyone know where i can search for more info? thanks
#2
Drifting
I don't believe anyone can take your car to collateralize a debt on a property. The loan for the property is secured by the property itself. Now a lawsuit is a different story where you might be forced to sell property to pay a judgement- a completely different legal issue..
#3
LaCostaRacer is right. If you did not put your car up as collateral for the loan on the house the mortgage company has no right to it.
If you are going through a foreclosure you can file for the original mortgage paperwork. This is a delay tactic that can delay the foreclosure of your house for 10 to 12 months.
If you are going through a foreclosure you can file for the original mortgage paperwork. This is a delay tactic that can delay the foreclosure of your house for 10 to 12 months.
#5
Burning Brakes
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#8
Depending on how the mortgage was setup, they can take everything from you....
Best way to delay foreclosure, have your mortgagor provide evidence of the note, that will delay it for quite a while....
Best way to delay foreclosure, have your mortgagor provide evidence of the note, that will delay it for quite a while....
#9
Safety Car
The creditor can only repossess whatever they attached in the security agreement.
For a home mortgage, this is typically the real property. For a business property, it could include fixtures.
For a home mortgage, this is typically the real property. For a business property, it could include fixtures.
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