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If a seller indicates that the first mortgage is delivered free and clear what does this mean?
Wiki User
∙ 8y ago
A free and clear property means that the mortgage was completely satisfied and there is no more lien on the property as far as the mortgage goes.
Wiki User
∙ 8y ago
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When should a purchaser ask for selling financing?
The best time for the purchaser to ask for selling financing is when the home is free and clear of a mortgage meaning that the seller has paid off their mortgage or it will be paid off using the purchaser's deposit.
What are the benefits of using a mortgage calculator?
the benefit of using a mortgage calculator is that it will give you a clear indication of your monthly mortgage payments when you are purchasing a new home.
Is the buyer or seller responsible for title insurance in Texas?
The seller is required to provided a clear title; purchasing title insurance is generally a part of this.
What air pressure indicator of clear weather?
Rising pressure indicates clear weather (most of the time).
Do lenders pull a final credit report after a mortgage is approved and clear to close?
no
Can a mortgage company release a lien on your home and you own it free and clear?
yes
What happens if you withdrawal from an offer on a house?
It's not clear from the question whether you are asking the question from the point-of-view of the seller or the buyer.If you are the seller: If a realtor delivered you a qualified and willing buyer and you are backing out after having signed a listing contract, you could be sued for the full amount of the commission the agent wuold have earned on the sale price.If you are the buyer: You will probably forfeit any downpayment or earnest money that you were requred to put down.
Is mortgage valid if your name is spelled incorrectly on deed and all documents?
Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.Yes. If you signed the documents then the mortgage is valid. However, you should notify the attorney who represented you at the closing that your name is misspelled. A corrective deed and mortgage should be recorded at the attorney's expense to clear your title. You should do that ASAP.
What is a homestead waiver?
Generally, a waiver is a clause in a mortgage whereby you waive your right to your homestead protection as to that mortgage. A borrower should request that language be added to make it clear the protection is being waived as to only that mortgage.
You bought a clear without title and cannot the seller HOW to get a title in your name?
The seller needs to sign on the dotted line and give the title to you. You send it to the address stated on the title to have it changed.
How can you clear a paid mortgage with National Westminster Bank NJ of 1992?
If the bank is still in business, contact them. (kind of obvious, I know) but if it isn't any longer in business under that name, or has been absorbed into another financial institution, contact whoever you've been sending the mortgage payment to to find out how to clear the mortgage. One thing you can be certain of, SOMEBODY owned the mortgage, and it's out there somewhere.
Do you provide a seller a bill of sale on a cash purchase of a vehicle with a clear title?
You can if you would like but it is not mandatory.
