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we took a reverse mortgage received no paper work the title company sent a man to our house to close he came hours late and we had no time to read anything i was told if i didn't take this loan we would go into foreclosure so what could i do i later found out by law they were to sent papers truth in leanding prior to closing is this correct
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∙ 15y ago
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Is a mortgage note considered commercial paper?
No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.
Does the cosigner need to be present to refinance if they are not on the title?
If they've cosigned for the mortgage, yes. The only time a partner (husband/wife, usually) doesn't need to be there is if the mortgage and title papers are all in one person's name. The only people who really need to be at a re-fi is the lender's attorney and your attorney-in-fact (somebody you trust to do your business and who has no apparent conflict of interest). All other parties can be represented on paper; each with a power of attorney that permits the attorney-in-fact to sign these particular papers in the absence of the named person.
What is a seller-held second mortgage?
The seller holds a 2nd mortgage in lieu of getting the money from the buyer at close-- that way a buyer can have a partial down payment and a lower first mortgage. Ex. house sold for $100,000, 1st mortgage is $80,000, buyer has $10,000+ closing costs, seller holds a 2nd for $10,000 which the buyer has promised to pay back. At the end of the close, the attorney's have the buyers sign a promissory note and a mortgage note for the sellers. Then per the promissory note, the sellers get a payment every month or a payment every month with a lump sum in a year or two's time. When the buyers pay the sellers off, the sellers will give them a "satisfaction of mortgage" paper that has to be filed at the county court house. This will leave only the 1st mortgage on the property. I do have to say that all this has to be disclosed to the 1st lender and can be turned down by the 1st lender. This has to be disclosed because the buyers have to show that they can afford both payments on the house and the rest of their debt load.
What does it mean when owner will carry papers?
When the owner carries the paper that means that the owner will finance the deal. The owner becomes the mortgage company.
How to get a mortgage loan with bad credit and good income now?
Find a rent to buy or one where the owner will carry the paper or a co signer.
What is a good closing sentence for a research paper on eye color?
That is how I see it?
Who is recognized In India Political Parties?
Political parties in India are recognized by The Election Commission. This Commission recognizes the party, provides it a ballot paper and give Code of Conduct to the parties.
Is it illegal to have someone take over you mortgage payments in Kentucky?
No it's not illegal to take over someone Mortgage Payments. But some people wont do it because they are scared of the Due Or Sale clause which menas that banks can demand payment in full when they find out a transfer in ownership been made. As long as you have the deed transfered over and the owners gave you FULL authority to take over mortgage, and all paper work is filled out signed by both parties there shouldn't be a problem.
What is the role of political parties of in India?
ballot paper to elect political leaders
Caspari Party Supplies?
Caspari Party Supplies are paper supplies that are tailored for parties. They include table cloths, napkins, paper cups, paper plates and more.
Where can paper or plastic drinkware be purchased for parties?
Paper or plastic drinkware can be purchased at supermarkets or mass merchandize distributors such as Walmart. To purchase large quantities for parties, drinkware can be bought at warehouse stores like BJs Wholesale or Costco.
How can you stop polluting your rivers?
by stoping the factories and closing them down.like tarawera is polluted from the Paper mill.located in nz
Is a mortgage note considered commercial paper?
No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.No. Commercial paper is an unsecured obligation used by a corporation or bank to finance its short term credit needs. A mortgage is secured by real property.See link for a related topic- asset backed commercial paper.
Where will I find the best mortgage rates?
The best mortgage rates are found at the major U.S. banks. These are advertised in the paper. Often rates depend on individual credit ratings as well. Remember that the points charged by the bank or mortgage company make a difference as well.
Does the cosigner need to be present to refinance if they are not on the title?
If they've cosigned for the mortgage, yes. The only time a partner (husband/wife, usually) doesn't need to be there is if the mortgage and title papers are all in one person's name. The only people who really need to be at a re-fi is the lender's attorney and your attorney-in-fact (somebody you trust to do your business and who has no apparent conflict of interest). All other parties can be represented on paper; each with a power of attorney that permits the attorney-in-fact to sign these particular papers in the absence of the named person.
What is a seller-held second mortgage?
The seller holds a 2nd mortgage in lieu of getting the money from the buyer at close-- that way a buyer can have a partial down payment and a lower first mortgage. Ex. house sold for $100,000, 1st mortgage is $80,000, buyer has $10,000+ closing costs, seller holds a 2nd for $10,000 which the buyer has promised to pay back. At the end of the close, the attorney's have the buyers sign a promissory note and a mortgage note for the sellers. Then per the promissory note, the sellers get a payment every month or a payment every month with a lump sum in a year or two's time. When the buyers pay the sellers off, the sellers will give them a "satisfaction of mortgage" paper that has to be filed at the county court house. This will leave only the 1st mortgage on the property. I do have to say that all this has to be disclosed to the 1st lender and can be turned down by the 1st lender. This has to be disclosed because the buyers have to show that they can afford both payments on the house and the rest of their debt load.
What is halloween paper and what is done with?
Halloween Paper is a stationary with images associated with Halloween everything from black cats to a Jack O Lantern! It is used for invitations to Halloween Parties!
