Sentences with phrase «property after repossession»
In some circumstances you can use Palk v Mortgage Services which is a case where the lender was ordered to sell the property after repossession rather than rent it out indefinitely.
https://www.nationaldebtline.org/ Not exact matches
It would be far more beneficial if the extended notice was granted after a repossession had been granted, which would allow tenants good time to find another property.
Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.
After repossession, the property is normally sold for its current value to recover the amount owed the creditor.
They may also look at situations where your lender has refused permission for you to sell the property for less than the mortgage, but then gone on to sell the house themselves for a lot less after repossession.
Generally, after filing with a bankruptcy court an automatic stay is put in place that prevents immediate repossession of property and stops creditors from directly contacting you.
To figure whether the gain or loss is long - term or short - term, your holding period includes the period you owned the property before the original sale plus the period after the repossession.