What happens when you surrender your house in Chapter 7? When you surrender property in Chapter 7 bankruptcy, you essentially give it back to the creditor. When you surrender the property, the creditor’s lien is removed. When you get the bankruptcy discharge, your personal liability for the secured loan is wiped out. What happens if […]
What happens when a mortgage is discharged?
What happens when a mortgage is discharged? A discharge of mortgage is removing a home loan from the title of your property. When you have a home loan, the bank holds the Certificate of Title on your property until the home loan is repaid. Are you still liable for mortgage after foreclosure? How much is […]
What does interviewing other candidates mean?
What does interviewing other candidates mean? “We’re still interviewing other candidates.” Of course, there is another way to interpret the company who says they are still interviewing candidates. It could also mean that you are not their first choice (gulp!), and they are buying time to either look further or get a commitment from their […]
Can I get a foreclosure removed from credit report?
Can I get a foreclosure removed from credit report? Foreclosures, like other negative marks, won’t be on your credit report forever. In fact, a foreclosure must be removed seven years after the date of the first late payment that led to its default. A foreclosure that’s accurately reported will be removed from your credit reports […]
How long before the bank will foreclose after Chapter 7 is filed?
How long before the bank will foreclose after Chapter 7 is filed? about four months Is deed in lieu better than foreclosure? A deed in lieu agreement might help you move out of your home and avoid foreclosure. A deed in lieu agreement won’t stay on your credit report if a foreclosure will. However, your […]
What skills do you need to be a loan processor?
What skills do you need to be a loan processor? Requirements Proven experience as mortgage loan processor or similar position. Understanding of loan underwriting and processing procedures. Knowledge of legislation and best practices. Proficient in mortgage loan computer software (e.g. Calyx Point) Outstanding communication and customer service skills. What are the duties of a loan […]
Can a bank foreclose after Chapter 7?
Can a bank foreclose after Chapter 7? Chapter 7 bankruptcy is a way that debtors get rid of their debts. Chapter 7 bankruptcy will not, in the end, prevent a foreclosure on your home. But, once you file for Chapter 7 bankruptcy, the bankruptcy court will order an automatic stay, which will put a hold […]
Does PC still download in sleep mode?
Does PC still download in sleep mode? Does download continue in sleep mode? Simple answer is No. When your computer enters the sleep mode, all non critical functions of your computer is switched off and only the memory will be running–that too on minimal power. If you configure your Windows PC the right way, your […]
Can the bank foreclose while in Chapter 13?
Can the bank foreclose while in Chapter 13? Chapter 13 and Foreclosure If you stay current on your mortgage payments and make up the arrears through your Chapter 13 plan—and you can afford to pay for any nonexempt equity—the lender cannot foreclose. You’ll be able to keep your home. Can Chapter 13 save my home […]
Is it bad to apply to a job twice?
Is it bad to apply to a job twice? Fact is, you can apply for the same job twice, as long as you’re careful about it. Follow these basic guidelines if you really, really, really want to try again: If you’re applying online, remember that many organisations will use resume screening software to filter people […]