0
Can you tell me what corporate advance means from a mortgage company?
Wiki User
∙ 14y ago
Corporate Advance: a charge made to a borrower's account to protect the lender's / investor's interest in a property (e.g. property inspection, comparative market analysis, attorney fees, etc.). This fee is later recouped by the lender.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What is and underlying mortgage?
what does it mean when the mortgage company says they must read the underlying of the mortgage? I do not quit understand what that means.
What type of letter should be sent to a mortgage company when your partner agrees on you coming off the mortgage?
First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.
What is the impact of organizational culture in its corporate decision making?
The impact of organizational culture in its corporate decision making is from top to bottom. This means that top management of the company makes all decisions and these decisions are mandated to the next levels of the company.
Do mortgage companies or buyers purchase homeowners insurance policy?
It is the Homeowners responsibility to provide property hazard insurance under the terms of your mortgage. If the Mortgage company has to purchase it for you then it means your already in violation of your Home Finance Contract and subject to default.
What does it mean when owner will carry papers?
When the owner carries the paper that means that the owner will finance the deal. The owner becomes the mortgage company.
What is and underlying mortgage?
what does it mean when the mortgage company says they must read the underlying of the mortgage? I do not quit understand what that means.
If a person pays an advance for a car and then backs out of the deal does the seller keep the advance?
if some one pays there mortgage in advance it means there mortgagewas payed before it is supposed to be payed.Therefore the opposite of advance has to be delayed.
What does corporate rate in hotels means?
A corporate rate would be a reduced fee for employees of a company who frequently use the hotel while travelling on business for the company.
What is a corporate blog?
A Corporate blog is usually created by a company to provide a company with more interactions to its customers. They are run by a representative of the business, and serve as a means of public relations.
What does advance made by company means?
Pay before it's earned.
What type of company could qualify for an endowment mortgage?
A company which is trusted and wants to grow could qualify for an endownment mortgage. Trusted means trusted by a bank, by lawyers and by laws of the country.
What is a seller held mortgage?
It means that the person from whom you bought the property is personally supplying the mortgage financing themselves. (i.e.: they are supplying the financing and not some mortgage company or bank.)
What does it mean that the mortgage company released the lien on your property?
It means that the lender recorded a notice in the land records that the mortgage has been paid. That notice releases the property from the mortgage lien.
What are some benefits of having a Clayton company mortgage?
The largest benefit of having a Clayton company mortgage, is that the mortgage can be provided directly from the Clayton, the company that actually produces and builds the premanufactored home. This means that the mortgage would not have to pass directly though a banking entity, passing the savings onto the consumer in the form of reduced interest charges.
The house you were renting is going to a forclosure because the owner did not pay the mo rtgage company?
a mortgage is a secured loan - that means if the owner cannot or will not make his mortgage payments, the mortgage company can seize the house. if the mortgage company seizes the house, any leases are voided meaning tenants are not protected and are pretty much at the mortgage company's mercy. generally speaking, they still have to be provided adequate notice (30 days or 60 days is the usual amount depending on jurisdiction).
What is corporate govern?
Corporate governance is a set of relationships between a company's directors, its shareholders and other stakeholders. it also provides structure through which the objectives if the company are set, and the means of obtaining these objectives and monitoring performance are determined. In short, corporate governance is a system by which an organisation is controlled.
After a relief from stay is granted to the mortgage company is the property still a part of the bankruptcy estate or does the mortgage company now have ownership rights to the property?
It is still yours until foreclosed formally...the stay just means they can do so.
