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Does being a co borrower mean having the same rights to the property as a borrower?
Wiki User
∙ 12y ago
No, the agreement of the co-borrower is independent of the deed/title. Being a co-borrower means that you share the responsibility of the loan on the property, but the property ultimately belongs to whoever is listed as owner(s) on the title or deed.
Wiki User
∙ 12y ago
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How long can you remain in the home after the foreclosure?
Real estate laws are established by the state in which the property is located. The foreclosure notice will contain all information concerning the property being vacated, sold, and whether or not the borrower has redemption rights to the property.
What is a legal mortgage?
A legal mortgage is a security interest granted to the lender by the owner of property as a condition of the loan. A note details the specifics of the money being loaned to the borrower. The mortgage refers to a security interest which the borrower grants the lender. The lender takes the security interest so that if the borrower defaults on the loan, the lender can seize the underlying asset (the real property, or home).
What does solvency mean?
It means being 'solvent' - or having money or valuable property
Does being a co-buyer entitle you to any rights?
You have full and equal right of ownership on the property purchased.
What does collateral mean in personal finance?
Security for a loan so the loan is secured by property, vs unsecured-more risky for creditor. Whenever, any borrower intends to raise a loan, or financial advances, either from the Creditor, or from the Banks, any prudent Creditor would like to secure the interest. It is, therefore, that the Creditor would ask to mortgage the property in exchange of financial advances being granted, or sanctioned. The Borrower, therefore, offers the property by way of "equitable mortgage" so as to secure the interest of the creditor. The very process is called the mortgage. And the property that is being mortgage is called the "collateral security". In case, the Borrower does not repay the debt due and payable, including cost, charges and interest, the secured creditor would be legally entitled to auction the property or sale away and recover the dues. The public sector banks recover the dues by auctioning the property that is equitably mortgaged.
How long can you remain in the home after the foreclosure?
Real estate laws are established by the state in which the property is located. The foreclosure notice will contain all information concerning the property being vacated, sold, and whether or not the borrower has redemption rights to the property.
What is the nature of rights?
The concept of natural rights are the rights received by just being a human being. These rights are life, liberty, and property.
What is the concept of natural rights?
Natural rights are fundamental rights that are believed to be inherent to all individuals by virtue of their humanity, rather than granted by any government or authority. These rights are seen as universal and inalienable, encompassing freedoms such as the right to life, liberty, and property. The concept of natural rights has been influential in the development of human rights and constitutional law.
What is a legal mortgage?
A legal mortgage is a security interest granted to the lender by the owner of property as a condition of the loan. A note details the specifics of the money being loaned to the borrower. The mortgage refers to a security interest which the borrower grants the lender. The lender takes the security interest so that if the borrower defaults on the loan, the lender can seize the underlying asset (the real property, or home).
Who had few rights in Rome?
All Roman citizens had equal rights. Slaves, being someone else's property, had no rights.
How do you be on deed without being coborrower?
To be on a deed without being a co-borrower, you can become a co-owner through other means, such as gifting or inheritance. However, being on the deed does not necessarily give you rights and obligations related to the mortgage or loan on the property. Being a co-borrower involves being held responsible for repayment of the loan, while being on the deed simply indicates your legal ownership of the property.
Who had right in Rome?
All Roman citizens had equal rights. Slaves, being someone else's property, had no rights.
How does a person holding reserved rights in property extinguish their rights or interest?
A person who reserved any rights in a property can release those rights by recording a release in the land records that specifically mentions the rights being released and the document where they were reserved. This release should be signed and notarized.A person who reserved any rights in a property can release those rights by recording a release in the land records that specifically mentions the rights being released and the document where they were reserved. This release should be signed and notarized.A person who reserved any rights in a property can release those rights by recording a release in the land records that specifically mentions the rights being released and the document where they were reserved. This release should be signed and notarized.A person who reserved any rights in a property can release those rights by recording a release in the land records that specifically mentions the rights being released and the document where they were reserved. This release should be signed and notarized.
In West Virginia does the owner of a property's mineral right have to notify the property owner before he sales them?
If the mineral rights have been severed from the property and the owner of the mineral rights does not own the property then there is no need to notify the property owner. It's possible to own the mineral rights and not own the property. That would be called the "mineral estate". The owner of the property if different than the mineral owner would be the owner of the "property estate". Being the "mineral estate" owner gives you the same rights as being a "property owner". You can do as you wish with your mineral interests. Only time there is a need to notify the property owner is if any leasing will be going on. Hope this helps.
What is business ownership?
Ownership is the status of having the right to at least some incidents and benefits of a legally-cognized and legally-recognized property interest, which need not be possessory rights.
What does adhesive meen?
Adhesive means having the property of being sticky.
Is it acceptable to use an aka signature when the name on a borrower's id card does not match the name in which the documents are drawn?
The name of the borrower should be correctly stated on the loan documents. It should match the name of the owner of the property that is being financed. The borrower should not sign another name because of the lender's error. That would make the error worse.
