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Can a warranty deed transfer ownership while a mortgage exists?
Wiki User
∙ 14y ago
You need to be careful about transferring property that is subject to a mortgage. Virtually all mortgage documents contain a clause that states any transfer of ownership will trigger a requirement that the mortgage balance be paid in full immediately. You should consult with an attorney or the lender before making any transfer.
Wiki User
∙ 14y ago
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What is the difference with primary market mortgage and secondary market mortgage?
The Primary Mortgage is that relationship that exists between a lender and a potential borrower. on the other hand, the Secondary Mortgage Market is the relationship that exists after the loan is closed and the lender markets the collateral of that loan for sale to an investor.
What pattern exists in transfer of thermal energy?
buoyboyhogvol
What pattern exists in the transfer of thermal energy?
change of temperture
What is some warranty info on a dodge demon?
Since the Demon hasn't been produced since 1972, it's highly doubtful any warranty information exists.
Is a Deed of Assignment equivalent to a Deed of Apartment?
No. In fact, those terms can have different meanings in different jurisdictions.In the UK, a deed of assignment is the instrument that details the transfer of real property from a debtor to the creditor.In Nigeria a deed of assignment is the form of contract used to transfer title to property to a new owner.A deed of apartment is not a commonly used term. One use was found in India where there exists a common form of ownership of units in a multiple unit facility where the unit owners do not have any interest in the underlying real estate. A deed of apartment would be the instrument used to transfer ownership of a dwelling unit in such a scheme to a new owner. That form of ownership would be in contrast to the condominium concept where the unit owners all own a common undivided interest in the land underlying the condominium project.No. In fact, those terms can have different meanings in different jurisdictions.In the UK, a deed of assignment is the instrument that details the transfer of real property from a debtor to the creditor.In Nigeria a deed of assignment is the form of contract used to transfer title to property to a new owner.A deed of apartment is not a commonly used term. One use was found in India where there exists a common form of ownership of units in a multiple unit facility where the unit owners do not have any interest in the underlying real estate. A deed of apartment would be the instrument used to transfer ownership of a dwelling unit in such a scheme to a new owner. That form of ownership would be in contrast to the condominium concept where the unit owners all own a common undivided interest in the land underlying the condominium project.No. In fact, those terms can have different meanings in different jurisdictions.In the UK, a deed of assignment is the instrument that details the transfer of real property from a debtor to the creditor.In Nigeria a deed of assignment is the form of contract used to transfer title to property to a new owner.A deed of apartment is not a commonly used term. One use was found in India where there exists a common form of ownership of units in a multiple unit facility where the unit owners do not have any interest in the underlying real estate. A deed of apartment would be the instrument used to transfer ownership of a dwelling unit in such a scheme to a new owner. That form of ownership would be in contrast to the condominium concept where the unit owners all own a common undivided interest in the land underlying the condominium project.No. In fact, those terms can have different meanings in different jurisdictions.In the UK, a deed of assignment is the instrument that details the transfer of real property from a debtor to the creditor.In Nigeria a deed of assignment is the form of contract used to transfer title to property to a new owner.A deed of apartment is not a commonly used term. One use was found in India where there exists a common form of ownership of units in a multiple unit facility where the unit owners do not have any interest in the underlying real estate. A deed of apartment would be the instrument used to transfer ownership of a dwelling unit in such a scheme to a new owner. That form of ownership would be in contrast to the condominium concept where the unit owners all own a common undivided interest in the land underlying the condominium project.
What will happen if you tear a structure down with a mortgage?
You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
What is meant by balance transfer zero?
0% balance transfer means you can transfer a balance between credit cards and you will be charged 0% interest. Be careful when using these function as there exists a lot of room for fine print.
If 1st mortgage is forclosed on and 2nd mortgage doesn't get any money can they sue for the balance?
Yes. The mortgage exists as collateral for the second mortgage loan. If the second mortgage loan is not satisfied at the foreclosure sale, the second mortgage lender merely loses the collateral but not the loan and it can sue the now former homeowner for the unpaid balance. This is no different than if there is insufficient money from the sale to pay the first mortgage holder in full. The first mortgage hold can file a lawsuit later to recover the deficiency between the actual loan amount and all credits the homeowner is entitled to receive.
If no promisorry note exists or was ever signed for a mortgage loan does the borrower still have to pay the loan?
statute of frauds contract must be in writing
What is PSI in Real Estate?
I think you mean "PMI" which is an acronym for Private Mortgage Insurance. It applies when more than 80% equity exists in the appraised value of a property. It results in higher interest rates and a higher mortgage payment.
You inherited a house but has not changed the deed can you still write it off on your taxes?
Question is not clear. Who's name is on the mortgage (if one exists)? What deductions? What taxes?
Does blue tooth media transfer exists for Windows 7 phones?
Not yet but supposedly will with the Apollo update later this year.
