Posts tagged happens

I’m getting a new landlord for my commercial rental space. What happens to my security deposit to old landlord

5

live in state of MO.
commercial rental space

Answer by Emily B
It is supposed to be a part of the sale of the property… old landlord gives it to the new landlord.

Joke>What happens when your old and your memory fails you?

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Question : Joke>What happens when your old and your memory fails you?
A little old lady was sitting on a park bench in The Villages, a
Florida Adult community.
A man walked over and sits down on the other end of the bench. After a
few moments, the woman asks,
‘Are you a stranger here?’
*
*He replies, ‘I lived here years ago.’
*
*’So, where were you all these years?’
*
*’In prison,’ he says.
*
*’Why did they put you in prison?’
*
*He looked at her, and very quietly said, ‘I killed my wife.’
*
*’Oh!’ said the woman. ‘So you’re single…?!’

adult communities florida

Best answer:

Answer by luzerlarry1
Not a very good one

what happens to a reverse mortgage when someone dies and there is a will?

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Question : what happens to a reverse mortgage when someone dies and there is a will?
Need help…Here is the situation…nonworking Family member lived with mother who did a reverse mortgage on house and has now passed away, in her last will and testament she left the house and any money to this nonworking family member. There was no money and This family member has no money to live on. What do we do next? Do we need to get a lawyer, does the house have to go to probate? Does this family member have to sell taxes?
This is in the State of California. Any information will be helpful. thankyou
california reverse mortgage

Best answer:

Answer by rtfm
The mother couldn’t leave the house to anyone, because she didn’t own it. The bank did, and still does. If the family member can come up with enough money to pay back the bank the balance of the mortgage owed to them, then they can keep the house. Otherwise, it must be sold.

after the private mortgage insurance pays the mortgage who owns the property and what happens to the property.?

1

Question : after the private mortgage insurance pays the mortgage who owns the property and what happens to the property.?
Since the homeowner is paying the premium, what are the rights of the homeowner?
property mortgage insurance

Best answer:

Answer by acermill
The homeowner pays the premium, but the insured is the mortgage lender. The lender receives payment on that portion of the mortgage which the PMI covers. The house is foreclosed from the owner because of defaulted payments. In other words, the homeowner gets nothing.

Mortgage Assistance : What Happens if You Default on a Second Mortgage?

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2nd mortgage rates


If someone defaults on a second mortgage, the process is basically the same as with the first mortgage. Discover how a lender can foreclose on a second mortgage default with help from a financial specialist in this free video on mortgage assistance and personal finance. Expert: Matthew McKillen Contact: www.innovativefg.com Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. Filmmaker: Christopher Rokosz

What happens with the liens on a home after foreclosure and then sold?

1

Question : What happens with the liens on a home after foreclosure and then sold?
My son was an owner builder that built a home in Utah. He used my huband’s contractors account to purchase doors and trim for the home. This never got pay due to the home taking longer to build and the construction loan money was depleted due to interest. This supplier filed a lien on the home. My son planned to get a loan for enough money to cover the lien but then my son couldn’t get financing due to the economy and plummeting values. They foreclosed on the home or took it back from our son. Now, we see that someone has moved into this home and we’re thinking it has been sold. We are wondering what happens to the lien from the supplier? Can the supplier still come after us personally for payment?
owner builder construction loans

Best answer:

Answer by WRG
The short answer is if he bought the supplies based on your credit account, yes they can. I’m surprised they haven’t already.

What happens when you start the refinance proecss (lock), but find lower rates later?

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Question : What happens when you start the refinance proecss (lock), but find lower rates later?
I locked with lender 20days ago but rates have significantly dropped. Can i exit the exisiting rate (i am willing to pay penalty) and refinance elsewhere? or will the existing refi lender work with me? I don’t have a float down option
lowest refinance rates

Best answer:

Answer by efflandt
Typically you had to pay a fee to lock in a rate, and you lose that fee if you renegotiate the rate lower or finance elsewhere.

What happens to a reverse mortgage after the person have to go to nursing home. How does that work?

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Question : What happens to a reverse mortgage after the person have to go to nursing home. How does that work?
What happens to a reverse mortgage after the person have to go to nursing home. How does that work?
reverse mortgage

Best answer:

Answer by dogsngoat
It depends on the contract but usually the house goes to the mortgage company. Most contrcats state the hous ebelongs to the owner until they die or are no longer able to reside there.

Check the contract.

What happens if you rent a moving truck and pay for local move but end up taking it one-way?

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Question : What happens if you rent a moving truck and pay for local move but end up taking it one-way?
Will they just send you a bill for difference or make you take truck back? Anyone ever have this experience?
local moving

Best answer:

Answer by Cali T
They will probably report it stolen unless you take the truck back. You kind of have to return it to get the deposit and stuff. They will basically charge you everyday until you take it back.

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