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A trailer has been abandoned on your property it has a mortgage holder on it Can you charge the mortgage holder the rent that is past due and the rent until they move the trailer off your property?
Wiki User
∙ 16y ago
No, the mortgagee only has a security interest not an ownership interest, at least until it forecloses. You can certainly record a lien on the trailer, regardless of who ends up owning it, and you might even have it seized in anticipation of payment for the rent.
Wiki User
∙ 16y ago
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What is the difference between charge and mortgage?
Mortgage is a conveyanceof property, subject to a right of redemption whereas a charge only gives a right to payment out of a particular immovable property without transfering it
What is the difference between a legal charge and a mortgage?
A mortgage is a loan secured by real property.A legal charge in some jurisdictions is the right a lender has to take that property if the loan is not paid back.
What is first charge?
If more than one loan is secured on the property, the lender with the first charge has the first call on the property if the borrower defaults on the loan. the primary mortgage or loan secured against a property which takes precedence over all other finance secured against it.
What is the meaning of charge by deed expressed by way of legal mortgage?
It means an interest or right in a property created in favour of a lender of money as security for payment of a money loaned. It's accorded the status of a mortgage.
What are the different forms of mortgage?
In a mortgage by demise, the mortgagee (the lender) becomes the owner of the mortgaged property until the loan is repaid or other mortgage obligation fulfilled in full, a process known as "redemption". In a mortgage by legal charge or technically "a charge by deed expressed to be by way of legal mortgage", the debtor remains the legal owner of the property, but the creditor gains sufficient rights over it to enable them to enforce their security, such as a right to take possession of the property or sell it. In an equitable mortgage the lender is secured by taking possession of all the original title documents of the property and by borrower's signing a Memorandum of Deposit of Title Deed. This document is an undertaking by the borrower that he/she has deposited the title documents with the bank with his/her own wish and will, in order to secure the financing obtained from the bank.
What is a buy to let mortgage?
A buy to let mortgage is a british term for a mortgage where the borrower is buying a property specifically to rent out. These are hard to get now because of the world economy.
Does one of the 7 trailer plug pins on a 1993 ford f 250 charge a battery?
the trailer pin marked aux will charge a battery on a trailer if both vehicle and trailer are wired correctly
Can you face foreclosure due to a charge off?
No, a "charge off" is a term used by credit card companies and other unsecured creditors to indicate that the account has been defaulted and collection procedures will be implemented. A foreclosure is the act used by a mortgage lender to recover property when the mortgage contract has been defaulted upon.
How much is a mortgage registration fee?
The mortgage registration fee is a State Government charge for the registration of a home loan. Because the property acts as security for a home loan, the government requires a home loan to be registered so that all claims on a property can be checked by any future buyers of that property. This fee can vary from state to state, so check the website of
Is elctric charge a property of just electricity or is charge property of all atoms?
Electric charge is a property of some subatomic particles. Atoms can be neutral (zero electric charge), or they can have a charge. If they have a charge, they are called ions.
Can you charge a storage fee on personal belongings left in your home for over six years?
No . Not unless the owner agreed in writing to pay storage fees. You can check the laws for abandoned property in your state. You may find that you have the right to dispose of the property after six years of free storage.No . Not unless the owner agreed in writing to pay storage fees. You can check the laws for abandoned property in your state. You may find that you have the right to dispose of the property after six years of free storage.No . Not unless the owner agreed in writing to pay storage fees. You can check the laws for abandoned property in your state. You may find that you have the right to dispose of the property after six years of free storage.No . Not unless the owner agreed in writing to pay storage fees. You can check the laws for abandoned property in your state. You may find that you have the right to dispose of the property after six years of free storage.
Can I have a car towed that is trespassing on my property?
Absolutely! If the car is abandoned you can just call the towing company and tell them that someone left it and that you want it gone. If they try to charge you though, tell them to check out the title and registration.
