Need payoff for a loan
iwant to know pay off on my car
Line of Credit Payoff When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.
The title opinion is a written statement confirming the ownership rights of the property. Both the buyer and the buyers lender need to know that the seller is in a position to convey the property. Since the attorney prepares the title opinion on the buyers behalf it's the buyer who pays for it. (This would be considered a closing cost on the buyer's side).
Bank of America Mortgage Payoff Phone Number: 1.800.763.1255
A creditor will usually accept a lower payoff amount when requested. Usually a lump sum payoff will result in a lower due balance.
You don't need to know what a loan payoff calculator is if you are only 16. It's a good thing to know and understand but it's not a manadtory thing unless you're in school and you need to know that.
How can you possibly expect there to be one answer for a question such as this! First and formost, ask your lender. They ALWAYS know what the loan payoff is.
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Turn it in?? YES sale it to a dealership? YES, IF they pay it off. make payments on the rest?? Maybe, the way to do it is to find a buyer(highest price you can get), subtract what you can get for it from the PAYOFF on the loan, BORROW the difference needed from another source. Then you can payoff the loan, get title to give to buyer, and make payments on a smaller amount that you can handle. This will have to be done with the LENDERs help. Contact the lender and make all the arrangements ASAP after you find a willing and READY (CASH wise)buyer. You will have to convince the lender that you HAVE a buyer and convince the buyer that they will get title,ect to make it work. Good Luck
If there is a lien on the title to the property, it would have to be satisfied for the seller to give "good and marketable title" to the buyer. I have never heard of a situation where a payoff could not be obtained and anyone was okay with it so I don't think the sellers can "dismiss the mortgage" under an circumstances.
How else would a buyer know whether or not there was a lien against the property?
payoff phase
Contact the bank for the payoff amount. Send them that amount and they will send the title. You can then transfer the title to the new owner.
this is when the buyer recognises a problem or a need
Of course you would give notice to the buyer that there is a default of the car loan in effect. To not give notice to the buyer would constitute fraud. You must be able to pass clear title to the buyer. If there is a car loan in effect the lender must have possession of the title. The buyer should contact the lender for a payoff figure and to arrange to have the loan paid off in order to receive CLEAR TITLE on the vehicle. You may not receive any of the proceeds of the sale if you owe the bank as much as the price the buyer is willing to pay.
There will be no saddle point; no point in the table will be an optimum.
iwant to know pay off on my car