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No. The mortgage remains in first place as an encumbrance against the property.
No. The mortgage remains in first place as an encumbrance against the property.
No. The mortgage remains in first place as an encumbrance against the property.
No. The mortgage remains in first place as an encumbrance against the property.
Wiki User
∙ 11y ago
No, a sheriff's deed of trust does not eliminate a 1st Senior Mortgage. The 1st Senior Mortgage takes priority over any subsequently recorded liens or deeds of trust.
Wiki User
∙ 11y agoNo. The mortgage remains in first place as an encumbrance against the property.
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Who has custody of the irrevocable trust?
The assets in an irrevocable trust are legally owned by the trust itself, not by any individual. The trustee is responsible for managing the trust assets for the benefit of the trust beneficiaries as outlined in the trust agreement.
Are the debts of a trust payable out of the trust estate?
Yes, typically the debts of a trust are payable out of the trust estate. Creditors of the trust have the right to seek payment from the assets held within the trust before distribution to the beneficiaries.
Is the Settler of a Revocable Living Trust the person whos name appears on the Trust?
Yes, the settlor of a revocable living trust is the person who creates the trust by transferring assets into it. The settlor's name appears on the trust document as the creator of the trust.
How many settlors can a trust have?
A trust can have one or more settlors, also known as grantors or creators of the trust. There is no legal limit on the number of settlors a trust can have.
Can the surviving Trustor change the Co-Trustees of the decedent Trustor's trust?
It depends on the terms of the trust document. Some trusts allow surviving trustors to change co-trustees, while others may restrict this ability or require certain procedures to be followed. It is best to consult with an attorney to review the specific language of the trust and determine the surviving trustor's rights in this situation.
What recourse does a second mortgage holder have when the first mortgage goes into foreclosure?
Hate to tell you, but in my state (WA), if a senior deed of trust or mortgage is foreclosed, then the inferior/junior mortgages and/or deeds of trust are foreclosed as well. That means that you have no recourse subsequent to a foreclosure. I suggest seeing an attorney immediately (see the phone book for one who gives "free consultations").
When was Scottish Mortgage Investment Trust created?
Scottish Mortgage Investment Trust was created in 1907.
What is the symbol for PennyMac Mortgage Investment Trust in the NYSE?
The symbol for PennyMac Mortgage Investment Trust in the NYSE is: PMT.
Is it possible to get a mortgage in the name of a irrevocable trust?
It depends on the lender. Generally, as long as the trust is valid and the borrower provides a copy of the trust, and an affidavit by the trustee that the trust is in effect and they are the current trustee, the mortgage can be executed. A properly drafted mortgage from a trust would be executed in the name of the trustee as trustee of the trust.It depends on the lender. Generally, as long as the trust is valid and the borrower provides a copy of the trust, and an affidavit by the trustee that the trust is in effect and they are the current trustee, the mortgage can be executed. A properly drafted mortgage from a trust would be executed in the name of the trustee as trustee of the trust.It depends on the lender. Generally, as long as the trust is valid and the borrower provides a copy of the trust, and an affidavit by the trustee that the trust is in effect and they are the current trustee, the mortgage can be executed. A properly drafted mortgage from a trust would be executed in the name of the trustee as trustee of the trust.It depends on the lender. Generally, as long as the trust is valid and the borrower provides a copy of the trust, and an affidavit by the trustee that the trust is in effect and they are the current trustee, the mortgage can be executed. A properly drafted mortgage from a trust would be executed in the name of the trustee as trustee of the trust.
In what year did PennyMac Mortgage Investment Trust - PMT - have its IPO?
PennyMac Mortgage Investment Trust (PMT)had its IPO in 2009.
Is a deed of trust a secruity instrument?
Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.Yes. A deed of trust is similar to a mortgage.
What is the symbol for Invesco Senior Income Trust in the NYSE?
The symbol for Invesco Senior Income Trust in the NYSE is: VVR.
What is the symbol for Senior Housing Properties Trust in the NYSE?
The symbol for Senior Housing Properties Trust in the NYSE is: SNH.
In what year did Invesco Senior Income Trust - VVR - have its IPO?
Invesco Senior Income Trust (VVR)had its IPO in 1998.
Does a rider to a Deed of Trust or Mortgage replace the Deed of Trust or Mortgage?
No. A rider adds to the document, and perhaps changes some of the original provisions.
What is the symbol for Eaton Vance Senior Income Trust in the NYSE?
The symbol for Eaton Vance Senior Income Trust in the NYSE is: EVF.
What kind of trust can a property go to if it has a reverse mortgage?
You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.You cannot transfer your property to a trust if it is subject to a reverse mortgage. You have already assigned your interest in the property to the lender.
