0
Yes it can. I have done it.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
In Florida am I responsible for old liens on a foreclosed property I bought from the bank that took title?
You should make sure of the situation before signing on the dotted line--the title company should have provided a clear title (no judgments, liens and so on).
What happens to the liens on a property if it is lost to foreclosures?
The liens are usually in place when the bank or loan company takes possession of the property. The company/bank can pay off all liens and clear the title for resale or it can be put to auction with leins in place. Monies from sale are first used to clear title before new owner can take legal possession. Regulations can be different depending on type of property and state.
Is the title considered clear if the vehicle is financed through a bank?
A clear title is a title that has no financial obligation against it; therefore a title held by the bank is not a cleared title.
What happens when the bank takes possession of a company?
If a bank is on the brink of taking possession of a company, chances are the company is in financial trouble. When the bank does take possession it usually means that the company has gone into foreclosure. They will then sell the property and the company owners will need to settle their financial issues.
Do I have to pay Title search fees when you refinance?
Yes. When you refinance you must order a title search from a title company. It is part of the closing costs. It tells the bank if there is any liens, judgment against your property and gives the bank a detailed look of the history of your property. The bank will order this so you don't actually contact a title company yourself, in fact if you do you will probably have to pay for it twice so do not order it yourself. Let your bank handle that. If you are upset because you have to pay for that remember, the bank is funding you in most cases more then you have invested in your house. They want to make sure your property as absolutely no discrepancies because they are holding more risk on your property then you are. No matter what bank you go to it is an absolute must when it comes to refinancing.
Which bank NOT the insurance company displays Lincoln's financial records?
which banck has displays linclons financial records
Is it fraud when a person finances a truck does not hand over the certificate of title to the finance company and then finances it again with another bank?
The loan application would include a section where prior liens must be disclosed. It would be fraud if the borrower did not disclose the prior lien.
What kind of financial jobs are there?
There are several different financial jobs. You can work in a bank as a financial advisor, a corporate company as a finanical investor, you can also work in the fianance department for a major corporation as a bank financial manager.
What can you do if you purchased a vehicle and paid it off the bank who financed you closed and you never received your title?
Go to clerk of courts title office ,they put the liens on titles ,take proof of payoff and they should be able to direct you.
What is the vision of HSBC bank?
We aim to be the worlds leading financial services company
What is Chase Bank mission statement?
Chase Bank's Mission Statement: To be the best financial services company in the world
What kind of company is Dollar Bank?
The Dollar Bank is a financial services company. One can open a bank account with them including checking or savings accounts. They also offer mortgages and loans.
