After auction, if a home owner wants to redeem in 10days (NC law) do they pay auction price or what is owed?
923329
I didn't think the owner could redeem a property once it was purchased at an auction.  \n\nIf however they can repurchase it... they will have to pay the amount defaulted plus any fees accrued during the process.  \n\nThat's odd that the bank would have allowed a home to be sold for less than the amount owed.\n\nYou've got a tricky one.  I'd look up NC foreclosure laws.
363523
I'm not sure where you are, but here in Georgia it is up to you and the creditor to work it out. \n\nI work in collections and usually when I win the case the judge will allow us to work out the payment plan there and he will write it up and all parties including the judge will sign it. If the customer defaults on these arrangements, then I can get a garnishment or levy with not problem.
952862
It might not be against the rules to ask, but if the seller only has enough to cover the auction, it may not be ok for them to sell it when the auction is still in progress.    \n\nYou can however, ask after the sale, if it didn't sell, to see if they'll sell it to you.... as a seller sometimes people ask, but I never agree to that.  They usually ask me to sell it for a price i'm not willing to sell for.
768299
If he signed an agreement with her stating that he would pay back the money she spent to redeem his car, then yes, he is legally obligated to uphold his signed agreement.  She can take him to court for default of that agreement if he doesn't keep his word.  Then he would have a court judgment against him as well as the contractual obligation.  After obtaining a court judgment, she could then place a lien on his property to collect the debt or even force him into forclosure or bankruptcy depending on what assets he has available balanced against his ability to pay.
927122
Contract liens are totally legal and are probably a part of the generic lease your friend signed. The landlord has the right to remove enough property to cover the amount owed.  But that is based on the fair market resale value, not the replacement value. If your friend's TV cost $600 when he bought it 5 years ago, it's not worth $600 now; fair market value would be less than $100.  It takes a LOT of personal property to equal $2000 resale value.  The good news is if your friend pays what he owes, he can have his stuff back.
1047112
IF THE ACCOUNT IS LARGE ENOUGH THEY CAN SUE YOU AND OBTAIN A JUDGMENT.\n\nTHEY WILL THEN TRANSCRIBE THE JUDGMENT IN TO A "JUDGMENT LIEN" AND IT WILL CLOUD THE TITLE OF ANY REAL PROPERTY YOU OWN IN THE COUNTY THE SUIT WAS FILED IN.\n\nTHEN, IF THE JUDGMENT IS LARGE ENOUGH, SAY OVER $10,000 TO $15,000 THEY CAN FORCE A FORECLOSURE ON YOU AND HAVE YOU EVICTED FROM YOUR HOME AND SELL IT TO PAY OFF YOUR DEBT.\n\nTHEY DON'T SCREW AROUND.
823428
If the sheriff is selling something in a foreclosure sale that means that the owner was sued, lost, failed to pay the judgment and the property is being sold to satisfy the debt.\nThe owner could have gotten extensions during the lawsuit, the post judgment proceedings and the appeal.\nAt this point, time has run out.
1031423
It is a foreclosed home and the bank now owns it and is trying to sell it. If you are looking to buy an REO (Real Estate Owned..A fancy word for The Bank Now Ownes It) be prepared for a bidding competition with other investors. Get as much information as you can about the property  as you can. REO's can take time depending on the bank. I have done REO's that have taken up to 2 months and others that were less than an month. It really depends on the bank and how many people are bidding on it. \nhttp://www.lendermark.com
279387
The applicable law is contained in Civil Code, Sections 1983 to 1991.\nThe landlord must store the property in a safe place (the\nvacant apartment or some other storage facility) and protect it from theft, the elements, or other damage.\n\nThe landlord is entitled to reimbursement for storage costs and also for the personal effort in safe-guarding the abandoned personal property, such as security guards, etc., if such effort is reasonably necessary. \n\nThe landlord must itemize and determine the value of the property abandoned. \n\nIt is required that proper written notice be served upon the abandoning tenant and also upon any other person believed to be the owner of the abandoned personal property. This notice is to give concerned persons an adequate opportunity to reclaim their property.\n\nThe tenant should be given 18 days to reclaim the property upon payment of any costs for storing it, etc.\n\nThe landlord cannot “ransom” the claimed personal property for rent that is past due or for any property damage that was done.  The only payment that must be made by the former tenant or the property owner for them to be entitled to the release of the abandoned personal property is the cost of storage and safekeeping.\n\nIf the property is not claimed within the 18 day time period & it is valued at less than $300, the landlord may keep the abandoned personal property for his/her own use, or dispose of it in any manner desired including, but not limited to, selling, giving away, destroying, renting, etc.  \n\nIf the property is valued at more than $300, there must be a public auction with competitive bidding. Anyone may bid for the property including the landlord and even the tenant. Prior to the actual sale, the auction must be advertised in a newspaper of general circulation in the County where the sale will take place.\n \nAny money realized from a public sale belongs to the tenant and not the landlord, even if rent or other money is owed. The only money that the landlord will realize from all the efforts of a public sale is reimbursement for the actual cost of storage, safekeeping, advertising and sale.  The balance, if not claimed by the former tenant or owner of the property, must be deposited with the treasury of the County in which the sale took place within thirty (30) days of the sale. After such deposit the former tenant or owner of the property must apply to the County for their money.
1043738
depends on your state. In mine, it is 30 days if the property was sold.
793618
When your relator sent your offer it should have been included that the seller had XX number of days to respond to your offer.  Anyone who is serious about selling their home will respond or counter offer you as soon as possible!  \n\nDon't worry purchasing is a very intimidating and mind-boggling...you'll definitly get a response tho. \n\nCongrats on making the first steps !
186204
You need to provide more information. If the item was attached by levying on the item after the judgment was not paid for 30 days, yes. If it was an item bought on lay-away and partially paid and they sued for the balance and got a judgment, yes. If the item was repossessed and foreclosed upon by proper process, and they sold it, yes.
192634
You should expect for your services to be paid within 10 days of invoice. That's pretty standard. The other method would be to charge monthly on an annual basis, but I don't think that will work in your climate as well as it does in the south.
47914
They will eventually sell it to recoup the costs of towing and storage; if it is in a private impound lot it is usually after 30 days. It is still possible that you will be liable for any charges that are not covered by the amount of money your car brings at auction. They might be able to have an action against you in civil court. Don't think that they can do any criminal charges.
90992
If you don't complete the contractual obligations, you will be given an Unpaid Item Strike and eventually removed once you receive 3 of them.  In addition, you will probably receive negative feedback.  It is best to contact the seller and tell them your concerns and see if they will cancel your bid.  They can open a dispute and then close it after 7 days to get their Final Value Fees back, and they may be willing to do this.  Doesn't hurt to ask.
569929
Unless you feel the amount owed to you is worth upward of $500, don't waste your time. I was screwed out of my deposit and billed $700 for an apartment I had cleaned after I moved out and took pictures.  I left a telephone and a mirror the assistant manager asked I not put into the trash ( he said when the dumpsters were emptied they would remove it for me).  I was charged $400 for trash removal, and carpet cleaning $125 ( have a receipt my carpet was cleaned 30 days before I moved out) and they didn't clean the carpet they replaced it.  My time was worth more then the headache I went through, I fought it based on the principal.  My manager had been a good friend and then pulled this crap on me.  I would let it go. It made the joy of buying my first home more of a nightmare trying to fight my old landlord.  We finally agreed to disagree.  She kept my $550 ( oh I am getting mad just thinking about it) and I wasn't charged the additional money they tried to milk me for.
661149
You dont. A 30 day notice is a THIRTY day charge. If you move out early, thats your right, but you still have your home for the complete 30 days. Sorry.