0
How can a lien holder refuse to return property back to buyer?
Wiki User
∙ 13y ago
Generally, if there is a debt involved the lien holder can hold the property until the debt is resolved. It is a security interest over property to guarantee payment.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Can a lien holder charge interest on forced placed insurance?
Yes they can. If the lien holder had to advance the premium to pay for the insurance, the amount is added to your finance note with the interest. Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder. Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract. The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.
What is forced mortgage insurance?
Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder. Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract. The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.
What is the difference between a foreclosure and short sale?
A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.
How does forced placed insurance work?
Force Placed Insurance is coverage obtained by the lien holder to cover their interest in the financed property when the buyer fails to meet the required coverage conditions of the finance note. No coverage is provided to the buyer at all, only the lien holder. Basically if the finance company has obtained force placed insurance coverage then the buyer is already in default on the terms of the finance contract. The cost of the coverage is added to your bill or finance note without benefit of coverage to the buyer.
Can a buyer of real estate property place a lien for repairs to property prior to the closing date?
No. The buyer has no authority to place a lien on the property and no cause of action for which to sue.
How do you add my name as a lien holder to a vehicle?
Take the title to the office where you get your tag at, and take the buyer, and the lien holder and the'll help you.
Does DDR sell property at decent prices?
DDR has a pricing system that ensures the buyer a set price. Whether or not the buyer feels the property is being sold at a decent price is the buyer's opinion.
If a person is buying property but has not yet paid for it can he remove anything off of the property legally in pa?
No. The buyer does not own the property until the seller has executed the deed to transfer title to the buyer and the deed has been recorded in the land records. The buyer has no rights in the property until they have taken title.
How can a family member buy the house after the single home owner dies?
The decedent's estate must be probated and the buyer can arrange to purchase the property from the estate administrator.The decedent's estate must be probated and the buyer can arrange to purchase the property from the estate administrator.The decedent's estate must be probated and the buyer can arrange to purchase the property from the estate administrator.The decedent's estate must be probated and the buyer can arrange to purchase the property from the estate administrator.
What are the consequences of friendly foreclosure of an investment property?
Foreclosure results in the buyer losing the property.
Does an owners life estate hinder my forcing the sale of land?
A life estate grants the right to the USE and POSSESSION of real property for life. The holder of a life estate is not the owner of the property. Therefore, you cannot take possession of the property and sell it if you have a judgment lien only against the life estate holder. If you have a judgment lien against the owner of property that is SUBJECT TO the life estate of someone else, the property would remain subject to the life estate if you took possession and tried to sell it. You would need to find a buyer who is willing to honor the existing life estate.
What are the release dates for Property Wars - 2012 Buyer Beware 2-16?
Property Wars - 2012 Buyer Beware 2-16 was released on: USA: 30 May 2013
