2007-01-01 11:02:46 · 3 answers · asked by bob g 1 in Business & Finance ➔ Renting & Real Estate
Talk with a REAL ESTATE attorney for the details, but the answer is: YES. In most cases, if the tenant doesn't pay on the land contract, it is an eviction, not a foreclosure. Title generally doesn't transfer immediatly. Your attorney should know the mechanics on how and when things happen.
2007-01-01 12:46:53 · answer #1 · answered by helblindison 2 · 0⤊ 0⤋
You can sell on a wrap mortgage. You are still responsible to the bank so the debt and payments show on your credit report. The buyer pays you and you pay the bank.
2007-01-02 14:14:54 · answer #2 · answered by sm4125 3 · 0⤊ 0⤋
Many things... just too much sentimental value - - My Dad's old M1913 Enfield rifle, given to him in 1936 (age 12) when his Dad passed away so he could feed the family... there was no welfare / food stamps back then. - My Mom's Kitchen Aid mixer... a wedding gift in 1959, and still working perfectly - The Sonobouy panel from my SH-60B Seahawk helicopter I flew in 1987-1991... very nice "nose art" (World War II style) painted on it during Desert Storm.
2016-05-23 04:15:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋