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Can a lender take you to court after two years of having the loan with them and now you cant pay your loan and they find that what you qualify for the loan was incorrect information?
Wiki User
∙ 15y ago
At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was. At any point, in which you break the promissory note in which you signed to pay back the principal and interest of your loan, they can take you to court, sue you, foreclose on you, or repossess whatever the collateral was.
Wiki User
∙ 15y ago
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Do you qualify for a reverse mortgage?
You must discuss that matter with your lender.
What are the prequalifications for a mortgage?
A prequalification is the initial step in a mortgage process. One has to supply a bank or lender with his overall financial picture such as debt, income and assets. After this information is evaluated, a lender can give one the idea of the mortgage amount for which they qualify.
How can one pre-qualify for a home loan?
The pre-qualification criteria for home loans can vary depending on the lender. This information can be obtained from a local branch of the bank or on their website.
How do you get a car refinanced?
Here are the steps you will typically take to refinance a carStart researching where you may be able get the best auto refinance loan.Once you choose a lender, you’ll need to provide your financial information to qualify for the loan. This information may include your income, assets, debt load, credit history, and other information they lender needs to help qualify you.You will have to pay any fees, which may include lien holder fees, state re-registration fees, and possible pre-payment feesUpon approval and closing, your new lender pays off your current car loan.The car’s title is transferred to the new lender.You begin making your monthly payments to your new lender.
Where can one get more information on conventional mortgage?
Refinancing information can be obtained from a mortgage lender. A bank, credit union, or private lender can help with information about these specific types of mortgages.
Can you be prosecuted by a lender if they have the wrong info on file?
Depends. Is the incorrect information a result of bank error or did you provide incorrect information? If you provided incorrect information, that is fraud and will be prosecuted through the criminal courts as well as any civil suits by the bank. If it is the result of bank error, they can still file suit, but are very unlikely to win.
Do you qualify for a reverse mortgage?
You must discuss that matter with your lender.
What are the prequalifications for a mortgage?
A prequalification is the initial step in a mortgage process. One has to supply a bank or lender with his overall financial picture such as debt, income and assets. After this information is evaluated, a lender can give one the idea of the mortgage amount for which they qualify.
How can borrowers qualify for preapproved home loans?
After selecting a lender and loan program, provide two years of w-2s, bank statements and other financial information. Further information can be found at www.ehow.com.
Is it unlawful that a lender tells you that you only qualify for an ARM mortgage loan?
please refer the following link to get the information about ARM mortgage loan. center4debtmanagement.com/Financing/UnderstandingHomeMortgages.shtml
How can one pre-qualify for a home loan?
The pre-qualification criteria for home loans can vary depending on the lender. This information can be obtained from a local branch of the bank or on their website.
How do you dispute a closed account that was charged off and sold to another lender?
You can't dispute the fact that it was sold to another lender. you can dispute the account if the information is incorrect. To do that, you have to fill out a form provided by the credit bureaus (TransUnion, Experian or Equifax) or write a dispute letter.
How do you refinance a vehicle?
Here are the steps you will typically take to refinance a vehicleStart researching where you may be able get the best auto refinance loan.Once you choose a lender, you’ll need to provide your financial information to qualify for the loan. This information may include your income, assets, debt load, credit history, and other information they lender needs to help qualify you.You will have to pay any fees, which may include lien holder fees, state re-registration fees, and possible pre-payment feesUpon approval and closing, your new lender pays off your current vehicle loan.The car’s title is transferred to the new lender.You begin making your monthly payments to your new lender.
How do you get a car refinanced?
Here are the steps you will typically take to refinance a carStart researching where you may be able get the best auto refinance loan.Once you choose a lender, you’ll need to provide your financial information to qualify for the loan. This information may include your income, assets, debt load, credit history, and other information they lender needs to help qualify you.You will have to pay any fees, which may include lien holder fees, state re-registration fees, and possible pre-payment feesUpon approval and closing, your new lender pays off your current car loan.The car’s title is transferred to the new lender.You begin making your monthly payments to your new lender.
What action can a cosigner take to get payment history information from a lender?
The co-signer only has to make a phone call to obtain the history information. Most of this information is automatic--call the lender and use your social security number if you do not know the account number. Ask for a supervisor or loan manager if you are having a hard time of it or if you can wait, request the information in writing.
Can I qualify for a loan modification regardless of my Loan Type ?
A loan modification is up to the discretion of the lender. The type of loan doesn't really matter as much as the willingness of the lender to work with you.
How/where can I find out if I qualify for a va home loan?
http://www.homeloans.va.gov/eligibility.htm. This site details how and if you qualify for a veterans assistance home loan. Also, there are phone contact numbers on the site. freevaloan.com Any lender you get connected to will not charge any fees for your VA loan. http://www.freevaloan.com. You will get connected with a lender that charges no fees and can pre-qualify you for nothing as well.
