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Can an owner let a buyer take over payments on a house if it is still in the banks hands?
Wiki User
∙ 14y ago
It is possible. Some banks and lenders will allow a buyer to assume payments on an outstanding mortgage. You will need to contact the lender who currently holds the paper on the property.
Wiki User
∙ 14y ago
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What is 'concession' in real estate?
Seller concessions are buyer costs that the seller is willing to pay on behalf of the buyer like closing costs, points, house payments, etc. Also these could be extras they are willing to throw in for free like building the buyer a fence or providing window treatments.
What is chips number?
* The Clearing House Interbank Payments System (CHIPS) is a bank-owned, privately operated electronic payments system. * CHIPS is both a customer and a competitor of the Federal Reserve's Fedwire service. * The average daily value of CHIPS transactions is about $1.2 trillion a day. The Clearing House Interbank Payments System (CHIPS) is an electronic payments system that transfers funds and settles transactions in U.S. dollars. CHIPS enables banks to transfer and settle international payments more quickly by replacing official bank checks with electronic bookkeeping entries. As of January 2002, CHIPS had 59 members, including large U.S. banks and U.S. branches of foreign banks. ** Source: http://www.newyorkfed.org/aboutthefed/fedpoint/fed36.html * The Clearing House Interbank Payments System (CHIPS) is a bank-owned, privately operated electronic payments system. * CHIPS is both a customer and a competitor of the Federal Reserve's Fedwire service. * The average daily value of CHIPS transactions is about $1.2 trillion a day. The Clearing House Interbank Payments System (CHIPS) is an electronic payments system that transfers funds and settles transactions in U.S. dollars. CHIPS enables banks to transfer and settle international payments more quickly by replacing official bank checks with electronic bookkeeping entries. As of January 2002, CHIPS had 59 members, including large U.S. banks and U.S. branches of foreign banks. ** Source: http://www.newyorkfed.org/aboutthefed/fedpoint/fed36.html
Do banks really want your house back?
Absolutely not. They only want to get paid for the loan they made. The house is just a security measure on the side of the bank to ensure that you make your payments on time and close the Loan properly. If you fail on your payments then the bank can take possession of your house and sell it off to cover for the amount due from you.
Is there government assistance for house payments?
is there any help out there to help make house payments
Can the mortgage company at any time take your home away if you are still making payments after bankruptcy?
Ususually in BK a house is either voluntarily surrendered, because it is not possible for the borrower(s) to keep up payments.. Or the buyer reaffirms the loan with the lender and works out a plan to repay missed payments. If your mortgage payments are current, I see no reason why the lender would seek foreclosure.
When was Gale-Banks House created?
Gale-Banks House was created in 1798.
When was Coleman-Banks House created?
Coleman-Banks House was created in 1847.
Does a house go into foreclosure for lack of homeowner payments?
At the discretion of the lender, a house can be foreclosed after a period of missing payments.
Before the closing of a house can the builder deny the buyer to the house if he is willing to pay back the entire cost?
Only if Buyer and Seller (Builder) agree.
Marginal cost when buying a house?
marginal cost influences the buyer of the house. If the marginal benefit surpasses or even equal with the marginal cost, the buyer normally decides to buy the house.
When was E. Sybbill Banks House created?
E. Sybbill Banks House was created in 1892.
Who pays supplement property tax?
The buyer does because it is supplementation of difference of the taxes charged from the old price of the house to the new price of the house which was paid by the buyer.
