no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Most likely not depending on what financial situation you're in.
You owe the difference I think.
A home can get repossessed in many ways, the most common reason is that they owner of the house has not payed the bank the loan that they took out so as to by the house, or that the person hasn't pay many bills so they take the equivalent of the unpaid bills.
once you are 90 days down they can start with a foreclosure.
Yes. Texas does not allow wage garnishment for creditor debt but it does allow bank account levy even if the account is jointly held.
depending on the state you live in yes. If the bank forecloses and they get a default judgment against you, they can garnish your wages. Not in Texas though. There are other states that don't allow wage garnishment, except on federal debt
Check out this link: http://www.texascollections.com/collecting_judgments.htm
if i get my car repossessed, can they put a llien on the house?
YES, who spread that rumor? LOL Texas is a no garnishment state. Therefore they cannot garnish your wages for any reason.
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
Most likely not depending on what financial situation you're in.
then theyre out of a home
as many as you can fit!! wonderful area. :)
Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.
It is possible to work out a deal with the bank after it is repossessed. However, a new loan or legal agreement will have to be signed.
In general, yes, if you haven't files bankruptcy.