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In a foreclosure can they take personal property?
You must remove your personal property prior to the foreclosure sale. Once the property has been transferred you have no right to enter. Your property will be removed by a team of professionals and dumped.
Are mineral rights considered real property?
Minerals in the ground are treated as real property, but, after removed from the land, they become personal property
Are minerals considered real property?
Minerals in the ground are treated as real property, but, after removed from the land, they become personal property.
How can a repossession with a zero balance affect a credit score and can it be removed?
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
Can someone remove a car from private property without asking owner to remove it himself not a repossession company?
The owner of the property where the vehicle is located can remove it/ have it removed, in most cases without the necessity of notifying the owner of the vehicle.
Can your car be removed from your driveway during a reposession?
Yes, most repossessions are for cars parked in your driveway or carport. Repossession from private property is allowed in nearly all states according to the Federal Trade Commission.
Is wall mounted office furniture personal property?
Since wall mounted office furniture is not a permanent structure and can be removed it is most likely not personal property. For further clarification, it is best to contact your insurance company to get additional info.
If your motorhome is repossessed what can they take?
Just the motorhome. Any personal property inside the motorhome remains yours, and they may not take it. In most states, however, they may charge a storage fee for personal property which was removed from the repossessed vehicle.
How do you get repossession removed from credit report?
If it's not actually true, then you can dispute it with the reporting agency. If it is true, then you don't "get it removed." It will be removed after a certain amount of time has elapsed.
How do you convert personal property to real property?
Real property is land, anything attached to it and any rights that are appurtenant. Personal property is anything you own other than real property and is divided into two categories: tangible and intangible. Tangible personal property is something you can touch and is movable. Intangible personal property is property that has no physical existence. Examples are: stocks, bonds, bank notes, trade secrets, patents, copyrights, professional reputation, goodwill and trademarks. Some "untouchable" items may be represented by a certificate or license. If you were building a house and received a delivery of the sinks, toilets, bathtubs and heating and air conditioning equipment, all those boxes and crates stored in the unfinished dwelling would be personal property. Once it was all installed it would become part of the real property. Therefore the personal property would have been converted to real property. If you sold the home after it was completed that property could not be removed since it would be legally considered part of the real property. The simpler answer to your question is that the way to convert personal property into real property is to sell the personal property, then use the cash to buy real property.
Is it better to have a repossession or a bankruptcy on your record in regards to credit recovery?
Neither is good. However, a repossession does less damage and is removed from your credit report within less time than a bankruptcy.
Can an uncle who is executor and trustee allow his wife to take personal belongings of the deceased prior to the beneficiaries?
No. Not unless his wife is a named beneficiary. If he is allowing estate or trust property to be converted he should be reported to the court and removed from his position as executor/trustee ASAP. If he has illegally removed property it should be replaced.
