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As a lender in Utah what can you do on the front end of the deal that would make the repoman's job easier?
Wiki User
∙ 8y ago
Keep a WORKING copy of the keys, get and VERIFY the debtors info.
Wiki User
∙ 8y ago
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Can you buy private mortgage insurance directly from an insurance company vs. going through the mortgage co.?
In some cases this is governed by state law, in other cases by the rules of the lender themselves. You would have to discuss this with your lender. In general, it would usually be better to do it through them. Certainly easier!
What if you want to change the property of a mortgage loan?
You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.You need to discuss it with your lender. The present mortgage would need to be discharged and the new mortgage executed if the lender agrees.
Is a front tuck harder than a back tuck?
There is not a big difference.In a front flip, you do not have to tuck in your feet/calfs, however with the front tuck, your hands have to be wrapped around your feet and bottom part of your legs. So, a front tuck would be a bit easier for some people, and a front flip would be easier for other people.
Can you surrender an investment property to your lender to pay for another property in foreclosure?
That decision would be up to the lender.That decision would be up to the lender.That decision would be up to the lender.That decision would be up to the lender.
Do you have to go in front of the lender to close and sign the final mortgage papers?
Usually you would sign loan papers at a title company or a location handling the change of title.
Do you need to know how to do a front walkover to do a front flip?
it is debatable but i think it would probably make it easier even though they are two completely different things.
What if the market value is below the mortgage amount - would a deed in lieu of foreclosure still work?
That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.That is up to the lender. You need to contact the lender.
If the lender has forced insurance on a loan does it cover you if you get stopped?
NO, NO, and NO. It ONLY covers the LENDER for the amount owing oon your loan. if you would be nice enough to TOTAL the car, the lender would be happy. Good Luck and BE SAFE
Would video conferencing be easier for shy people than an actual conference?
For some it would be easier to video conference if you are shy person because they feel less pressured than being physically in front of a group of people.
What title policy insures title to the lender?
Lender Policy When taking out title insurance, usually for a minimal fee you would obtain a simultaneous policy...So that you and your lender would be covered. It is important to have an owners policy covering the value in the home above the lender so that your interests are covered as well.
Why would a lender would need a balance sheet?
A lender would want to see that the business is not spending too much money. They would also want to see how much money the business was bringing in.
Can the Mortgage be in your name and deed be in both your names - not married?
A lender would require that all the owners of the property execute the mortgage. If only one person signs the mortgage and it is later foreclosed, the lender would only get that person't interest. Lender would want ALL the interest conveyed in the mortgage deed.
