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A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.

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βˆ™ 2014-07-09 20:44:15
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Q: If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?
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How do you calculate down payment?

Find out the sales price of the house you want to purchase. If you are not in negotiation with the seller, the price for which it is listed will work. For example, if the house is listed at $100,000 sales price, use this number for your calculations. Multiply the purchase price by 5 percent, the minimum down payment required for most conventional mortgages. For this example, multiply $100,000 (the sales price) by 5 percent (or 0.05) to equal $5,000. Therefore, the minimum down payment for a conventional mortgage on the $100,000 house is $5,000. Note that you will have to pay PMI (private mortgage insurance) if your down payment is less than 20 percent of the price of the home. PMI is a fee charged by the lender to the borrower that protects the lender in the event of the borrower's default. In other words, the only benefiting party when you pay PMI is the lender. To avoid PMI, make a down payment of at least 20 percent. Calculate that amount by multiplying your sales price by 20 percent. For this example, $100,000 x 0.20 = $20,000.

How Much Of Cash Advance Do I Qualify For?

This depends on your business’ credit card sales amount and what percentage of your overall profits it represents. The lender can advance capital up to 3X your average month-to-month card sales. To find out the exact amount, the lender can review 6 months of your sales records and card transactions.

Can you get a loan against your home without a appraisal?

it depends upon the lender - if the market in your area is active - a lender can decide to use comparable recent sales figures on same/similar dwellings

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Do you need to purchase owners title insurance?

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How Much Daily Credit Card Sales Does Lender Take Away When Getting Cash Advance?

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How to buy a house on short sale?

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Can you do a contingency contract on a short sale?

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Can a seller force a buyer to use a certain lender?

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Do you have to be notified if your car has been repossessed?

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During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.

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