How long does roy have to pay off the loan

Assignment Help Business Law and Ethics
Reference no: EM13815982

Roy owns a home in Indiana and is behind on the mortgage payments. The bank decides to foreclose on the home. What general procedure must they follow? The home is subsequently sold at a sheriff's sale. Roy owes $120,000 on the home, which sells for $75,000 at the sale. Is he personally liable for the remaining $45,000? After the sale, how long does Roy have to pay off the loan and receive the home back?

Reference no: EM13815982

Questions Cloud

Estimate the value of a share of stock : Estimate the value of a share of stock given the following information: a forward PE ration of 12, current (year 0) EPS of $1 and analyst expectation of EPS growth of 10% over the next 2 years.  Need step by step details for solution
What are the equilibrium quantity and price in this market : Suppose demand and supply are given by Qd = 100 - P and Qs = 2P + 25. What are the equilibrium quantity and price in this market? Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $ 40 is imp..
Explain a complete cost analysis for outsourcing : Ensure you fully answer all four questions to include a complete cost analysis for outsourcing the online help desk as directed in the first question.
Cultures-specifically their economic : What do you know about these cultures-specifically their economic, political, educational, and social systems-that could help you in getting them together?
How long does roy have to pay off the loan : Roy owes $120,000 on the home, which sells for $75,000 at the sale. Is he personally liable for the remaining $45,000? After the sale, how long does Roy have to pay off the loan and receive the home back
Denial as a defense mechanism : Denial as a Defense Mechanism
Elements required for the formation of a valid contract : Explain the importance of the essential elements required for the formation of a valid contract
Hr role changed over the past few years : What can human resources (HR) do to ensure employees are competitive in the 21st century business world? How has HR's role changed over the past few years?
Analyze the economic impact of current approaches : Analyze the economic impact of current approaches to controlling air pollution to determine which approach is the most effective. Provide support for your rationale.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Create a proposal for where the revenue would be derived

Create a proposal for where the revenue would be derived if the U.S. were to adopt a zero income tax model. In your response, provide specific recommendations concerning the following: The proposed tax base

  In a limited partnership, when it is wound up

In a limited partnership, when it is wound up and the assets are distributed, how does a limited partner (lets say Charles) who is also a creditor receive his assets back? Lets say he had contributed

  Explain legal business issues

Explain Legal Business Issues and be able to make a good case, because John used his company's laptop computer to design the product.

  Legislation in the english legal system

Critically discuss the effectiveness of parliamentary and judicial controls over delegated legislation in the English legal system.

  Which has its principal place of business in malaysia

Rahim Trading, which has its principal place of business in Malaysia, agreed to buy, from Acme, which has its principal place of business in Australia, 500 metric tonnes of Grade 1 Jasmine rice CIF (Singapore) Incoterms 2010, payment to be made..

  The supreme court has repeatedly asserted that a defendant

the supreme court has repeatedly asserted that a defendant is not entitled to a jury composed in whole or in part of

  Importance of informed financial decisions

Create a matrix identifying the roles, expenditures, and revenue for the federal, state, and local levels of government. Importance of informed financial decisions

  Roe v wade critical analysis of supreme court decision

Roe v Wade critical analysis of Supreme Court decision

  Create a corporate compliance plan consisting of no more

resources using the new coso risk-management guidance article and the riordan virtual organization located on the

  What are the good ethics and what are the bad ethics

Essay question: How Business ethics make you money and how it makes you no money? What are the good ethics and what are the bad ethics?

  In your essay take a positional approach that advocates

write a positional paper of 600-800 words regarding the patriot act. critically support your position either defending

  In this exercise you will determine the effects of water on

in this exercise you will determine the effects of water on latent prints.take a drinking glass and handle it making

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd