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Can a mortgage company and title company rent the same office in Florida?
Wiki User
∙ 16y ago
According to the Florida Department of Banking and Insurance, the answer is YES. The business entities remain be separate: they must be clearly identifed as "ABC Mortgage Co" and "123 Title Agency" when you walk in the door. If you are using employees for cross functions within the two businesses ie: Sara the title agent is also Sara the mortgage receptionist, you may want to call the FLDOBI in order to make sure you are not violating the separate entity requirement.
Wiki User
∙ 16y ago
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What is a mortgage loan?
house documents are mortgage and title deed at register office
How do you find out if there is a mortgage lien on a property?
You can try to search the title history to your house manually at the local county recorder's office. However, you can also contact a title company a purchase a preliminary title report that will not only show liens, but other recordings that impact your title such as easements. The title company can also provide you with copies of the mortgage/lien documents.
What is work share mortgage?
A work share mortgage is when more than one title company prepares the title.
Are mortgage companys the fee simple titleholder?
No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.
If your name is not on mortgage application can your name be on the mortgage title?
In most states this is possible. Contact a title company or local real estate attorney. You may be able to do a Quit Claim Deed adding yourself to the Title. This will require the person who is currently on title to sign and approve the addition. If you use the title company that did the original work for the mortgage they may not charge to draw up the document. My Escrow Officer will frequently do these documents for my clients at no charge. You will usually have to pay a small recording fee with your county recorders office.
What is a mortgage loan?
house documents are mortgage and title deed at register office
How do you find out if there is a mortgage lien on a property?
You can try to search the title history to your house manually at the local county recorder's office. However, you can also contact a title company a purchase a preliminary title report that will not only show liens, but other recordings that impact your title such as easements. The title company can also provide you with copies of the mortgage/lien documents.
What is work share mortgage?
A work share mortgage is when more than one title company prepares the title.
In the state of Florida your name is on the deed but not the mortgage of your deceased husbands condo left to you in his will can the mortgage Co foreclose?
In any state, the title to the unit (deed) is held as collateral for repayment of the mortgage. This means that the mortgage company can sell the property in order to recover the amount of the loan (foreclosure). Because your name is on the title, it's possible that you can negotiate a repayment plan that is acceptable to the mortgage company, in order to retain your name on the title. Once the lender is paid, then you can sell the property and enjoy the benefits of the proceeds.
Are mortgage companys the fee simple titleholder?
No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.No. A mortgage company holds a conditional title to the property that varies according to state laws. To put it simply, the mortgage company only holds title until the mortgage is paid, and as long as the mortgage payments are up to date the mortgage company cannot take possession of the property, sell it or leave it to its heirs (in the case of an individual mortgagee).The fee simple title holder is the person who acquired the property by deed or by inheritance from a probated estate.
If your name is not on mortgage application can your name be on the mortgage title?
In most states this is possible. Contact a title company or local real estate attorney. You may be able to do a Quit Claim Deed adding yourself to the Title. This will require the person who is currently on title to sign and approve the addition. If you use the title company that did the original work for the mortgage they may not charge to draw up the document. My Escrow Officer will frequently do these documents for my clients at no charge. You will usually have to pay a small recording fee with your county recorders office.
Can you void a mortgage contract because it only has one signature?
If two people were on title and one of them took out another mortgage on the property then the title company is at falt. In this case you have to talk to the title company and perhapes a real estate attorney.
Who can you transfer your home title to?
With a quit claim and the agreement of your mortgage company, you can transfer your home title to anyone. However, if you are carrying the mortgage, there needs to be lien on the title until the loan is paid in full.
Is a contract valid if the title company entered an incorrect mortgage account number?
Is a mortgage valid if they have a wrong date of birth
How do you complete a mortgage payoff if the lender cannot be found?
You need to consult with an attorney or title company that can perform title research to determine the entity that acquired the lender's interest in the mortgage.
Should you sue a title company for not paying your mortgage balance at closing which caused your house to go into foreclosure?
Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not been paid. At that point the title company could have been contacted and the matter should have been cleared up before the mortgage holder could finalize foreclosure proceedings. Therefore, I do not believe that the title company could have caused a mortgage foreclosure.
What form do you fill out to add your name to your husband's mortgage deed?
It is called a 'quit claim deed'. You can call any title company, they will fill the form out properly and have it recorded at the county recorders office.
