I assume you notified the mortgage company that the daughter is making the monthly mortgage payments on behalf of the mother. If that is the case, the daughter really isn't benefitting from making these payments from the credit agencies, proving mortgage history, and establishing credit on her own. Essentially, the mother would have to refinance the loan to get the daughter on the mortgage with her in order for the daughter to benefit. Even a quit claim deed would only add the daughter to the title, and the mother would ultimately be responsible for the monthly mortgage payments. I hope this information helps. Regards, Total Mortgage Services
NO, not unless it is a total loss. If your house is being repaired by your insurance policy you must continue to make your mortgage payments.
What can a mortgage company do if mortgage has not been paid in 4 years
Yes
You would continue making payments to the estate. Eventually, they will give you instructions on what must be done as far as finding another mortgage company or person to get a loan from.
go ask the mortgage company.
Yes the mortgage company verifies income.
no
A Chaffee mortgage is a mortgage obtained from this specific company. Chaffee is a company that will give out loans for homes to people who qualify.
These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.
Yes. If you applied and were approved for an equity credit line mortgage and there was an existing lien on your property, the mortgage company was obligated to pay the lien before disbursing any funds to you. That is the purpose of recording a lien against a debtor's property. You can't sell, refinance or receive a disbursement from a credit line without paying the lien. It must have been discussed with you at some point during the transaction- when it was reported to the bank by the title examiner.
Franklin American Mortgage Company was created in 1993.
Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.