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How does a Joint venture between a real estate company and mortgage company work?
Wiki User
∙ 14y ago
A joint venture can take different forms depending on the agreement between the parties. A business arrangement between a mortgage company and a real estate company may simply consist of the real estate company referring all its buyers to the mortgage company for financing.
Wiki User
∙ 14y ago
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Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
What services does a mortgage company provide?
A mortgage company provides loans so people can buy real estate or a home. The company is the intermediate between the lender (government or bank) and the person receiving the money. The person who receives the money must pay it back over a certain period of time with interest. (The interest is where the company makes its profit.)
Is there a requirement for the mortgage company to inform the homeowners when a mortgage is sold?
Yes, the Real Estate Settlement Procedures Act requires that the mortgage company inform you 15 days before a servicing transfer. See the link below for more information.
How long does it take for a mortgage company to complete a foreclouse on real estate?
In Florida it can take up to 6 months.
How do you back a real estate mortgage?
Backing a real estate mortgage involves using the property as collateral for the loan, securing it until repayment.
Can mortgage company foreclose on an estate home in probate?
Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.
Are you required to notify the mortgage company when your parents die?
The estate is
When mortgage holders die what are mine and the mortgage company rights?
If a mortgage holder (mortgagee) dies the rights under the mortgage pass to her heirs. If a mortgagor (borrower) dies the mortgage company has a lien on real estate that still must be paid.
Who is responsible for mortgage on an estate foreclosure?
The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.The estate is responsible for the mortgage.
What is joint venture?
When two parties or more join together and work on the same project,they form the joint venture.he joint venture is legally separated from the two parties but the parties can control over it.Usually,forming a joint venture have a specific purchose with specific time limit.Diferent parties can contribute different aspects likes knowledge,capital,experience,assets to the joint venture.
What services does a mortgage company provide?
A mortgage company provides loans so people can buy real estate or a home. The company is the intermediate between the lender (government or bank) and the person receiving the money. The person who receives the money must pay it back over a certain period of time with interest. (The interest is where the company makes its profit.)
Can you get a mortgage in Virginia with an agreement to deed the land to a person after the estate with no debts or liens is settled?
No. The mortgage Company wants their money. I think a mortgage lender could more help you with this one.
Is there a requirement for the mortgage company to inform the homeowners when a mortgage is sold?
Yes, the Real Estate Settlement Procedures Act requires that the mortgage company inform you 15 days before a servicing transfer. See the link below for more information.
You co-signed on your sons mortgage you have your own property in a life estate can your sons mortgage company have any rights to your property that is in the life estate?
If the property in which you have a life estate is a separate and distinct property from the property your son mortgaged (and you co-signed) then the lender has no rights in your life estate property. If the property your son mortgaged is the same property in which you have a life estate then if he defaults on the mortgage and the lender takes possession you will also your life interest in the property since you also signed the mortgage.
Who is responsible for mortgage debt after death?
The mortgage debt is the responsibility of the estate. The mortgage will have to be satisfied before the estate can be closed. Before anything in the estate can be distributed, the debts have to be cleared.
Single Brother died No will No children No estate Trying to handle his affairs How do I get authorization for mortgage company or other creditors to talk to me?
Your brother has an estate if he has a mortgage. You need to petition the probate court in your brother's jurisdiction to be appointed the Administrator of his estate. The court will issue Letters of Administration that will enable you to carry on the business of disposing of his estate.
How long does it take for a mortgage company to complete a foreclouse on real estate?
In Florida it can take up to 6 months.
