Originated From
 AOL Search

Posted 1 year ago In:

Anonymous
Anonymous Question:

Who owns a property after bank writes it off?

Liked this question? Tell your friends about it

Answers

PGroot
PGroot Answered:

If a mortgage is reduced, the bank would have a loss to write off.  But the owner would still own the property.

If a property is foreclosed and sold, the bank would often have a loss to write off.  But that doesn't affect the new owner.

Add a comment Report

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Alinur Islam

Asked: Finance

finance
Anonymous

Asked: Finance

what is finance?
  • Posted 20 days ago
Jasmine Lane

Asked: Financial help for startup business.How are start ...

How are start up business financed?

More Questions

How do i find out, who owns the mineral rights, for property located in

If you want to know how to find out who owns the mineral rights under your land, or find out if you do, then this article should be helpful. The first stop in your quest should probably be the county clerk?s office (free) and/or a private abstract office (not free) in the county where your ...

Bank in India??

If you want to open a bank account in India for savings purpose then I would suggest you to opt for DBS Bank India. I have a savings plus account with the bank and get special benefits on the same. Some of the benefits are: • I have to maintain a comparatively low average quarterly balance of Rs ...

How do i even start to write my wedding vows? i dont want to make them

http://weddings.about.com/od/yourweddingceremony/a/PersonalizeVows.htm I am in the same boat as you are and this web site helped me. maybe it will help you.

Want to know about private banking in Singapore?

Well, there are many good banks for private banking in Singapore; however, the gentle giant has to be DBS. They have so many services for their privileged customers as much as they do for their normal banking customers. They have the bandwidth to cover the needs of all customers—be it for the ...

Money & Finance

More