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. ...
Asked in Vehicle Titles
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....
Asked in Insurance, Abraham Lincoln
Which bank NOT the insurance company displays Lincoln's financial records?
which banck has displays linclons financial records
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. ...
Asked in Liens
What does a lien on a home mean?
Lien means right on property to keep possession of it till debt due in respect of it is discharged. Thus a Bank has a lien on your property until the ouitstanding mortgage is paid. A lien is a means of "clouding" the title to your property. For example, there are mechanic's liens, tax liens, judgment liens, etc. If you have a lien on your property, that lien must be satisfied before you can reap the benefit of a sale of that property....
Asked in Vehicle Titles, Liens
What do you do if you lose the title to your car and it has a lien on it that you are default in?
You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you. ...
Asked in Vehicle Titles
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. ...
Asked in Loans, Mortgages, Money Management
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. ...
Asked in Slogans and Mottos
What is the motto for the company of Busey Bank?
The company Busey Bank has a memorable motto for its business. That motto is the slogan, "your dream, our promise". The company Busey Bank has a motto based around fulfilling a person's dream with their financial expertise and promise. ...
Va pensions are thay except liens and paying money bank to payday loans?
are va pensions except from liens and paying back payday loans and bank loans ...
Who started icici bank?
The Icici Bank was started by ICICI Limited. They are a financial institution based out of India. This company was founded in 1994. ...
Introduction to ICICI Bank?
ICICI Bank is an Indian multinational banking and financial services company headquartered in Vadodara. As of 2014 it is the second largest bank in India. ...
Asked in Liens, Property Law, Real Estate
Is it good not to tell the buyer the house has a lien on it?
No. That is not morally good nor is it legally good. A prudent buyer has executed a purchase & sale agreement wherein you agreed to convey good title free and clear of any liens or defects except the ones that have been disclosed. Also, a prudent buyer is represented by an attorney who will arrange a title examination. The title examination is required by the bank that will extend the purchase money mortgage and will reveal any outstanding liens. Those liens must...
Asked in Cars & Vehicles, Vehicle Titles
Can you sell a car and hold the title for collateral?
Of Course! That's what the bank/finance company does!
Asked in Insurance, Title Insurance
What are the documents involved in a Title insurance company?
The title insurane company searches the title to your property and clears title. They prepare the title commitment, order payoffs, type your settlement statement and fund your loan. They also prepare your deed to be signed at close and record it. Both buyers and sellers must sign their Settlement Statement at the closing. Sellers must sign documents conveying title. Additional documents needed from you can differ depending on you situation. Certain documents become necessary based on marital status, poa, mortgage satisfactions, bank papers...
Asked in Loans, Mortgages, Home Buying, Money Management
What exactly is a mortgage title search for?
A title examination is performed prior to the granting of a mortgage: 1. To confirm the fee owner(s) of the property. 2. To ascertain if there are any prior liens. 3. To determine if the bank will acquire the property free & clear of any other interests if there should be a default and foreclosure. 4. To allow the bank to acquire a title certification to obtain a title insurance policy. ...