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What can a mortgage company do if mortgage has not been paid in 4 years

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โˆ™ 2013-10-15 20:49:43
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Q: What can a mortgage company do if mortgage had not been paid in 4 years?
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Related questions

What does it mean that the mortgage company released the lien on your property?

It means that the lender recorded a notice in the land records that the mortgage has been paid. That notice releases the property from the mortgage lien.


Should you sue a title company for not paying your mortgage balance at closing which caused your house to go into foreclosure?

Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not been paid. At that point the title company could have been contacted and the matter should have been cleared up before the mortgage holder could finalize foreclosure proceedings. Therefore, I do not believe that the title company could have caused a mortgage foreclosure.


What is unpaid mortgages?

An Unpaid mortgage is a mortgage that has not been paid


How can you find out when a mortgage was paid in full?

You call or write to the mortgage company and request that information.


When you file under chapter 13 and you own your home with a mortgage does the mortgage get paid off in the three to five year period they give you?

No. The mortgage gets paid off according to the terms of the mortgage agreement, (20 years, 25 years, 30 years, etc.)


What can be done with a mature mortgage?

A mature mortgage has usually amortized and paid itself out. If it has been paid out the mortgage lender will send you your original Security deed back.


What can the mortgage company do if the mortgage cannot be paid anymore on a deceased persons home?

I HAVE ALREADY PAID 40,000 INTI THE HOME I CANT PAY ANYMORE THE HOUSE PRICE WAS LOWERD 5X AND IT WAS ON THE MARKET 456 DAYS I MAILED IN THE KEYS TO THE MORTGAGE COMPANY WITH A LETTER


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.


You purchased your home a year ago with a construction loan now it's time to go to closing today which is the last day of the construction loan and a lien has popped up from the title company from the?

If the mortgage has been recorded and all of the mortgage proceeds have been paid, the lien would be subordiante to the mortgage. However, if allof the procceds have not been paid and the mortgage has not be recorded, then the lien would havae precedence and would have to be paid from the mortgage proceeds. That is why they make periodic payments during the constructin time so that the mender can hold back sufficient funds to complete the construction,


Where do you pay discharge of mortgage fee?

If the mortgage has been paid and you receive a discharge from the mortgage holder, it must be recorded in the place where deeds are recorded and the filing fee paid there.


Can a mortgage company put a lien on my moms paid off home if she is a cosigner for my mortgage that is deliquent?

Yes, the mortgage company can do that. She co-signed for the loan and is responsible for it if you don't pay. She can lose her house.


Can a child recover money that was paid by child on mortgage?

If you paid the mortgage company directly, you may have a vested interest in the house. Your attorney would have to determine the validity of the other.


If the homeowners association foreclose on property how does your loan get paid to the mortgage company?

The mortgage company will get preference on the proceeds of the sale of execution. After they have taken their money the homeowners assoc will get their money


How do you find out if a mortgage has been paid?

You can visit the land records office, look up the mortgage and see if a discharge has been recorded.


Can you stay in your home if you haven't paid your mortgage in 2 years?

no


Can a mortgage lien be removed without a satisfaction?

A mortgage must be satisfied (paid) in order to obtain a release that then must be recorded in the land records. The only other ways to discharge a mortgage are via a court order or to wait until the state of limitation for mortgages has passed in your jurisdiction. In Massachusetts a mortgage is no longer effective after 35 years.On the other hand, if a mortgage has been paid and you cannot find the lender to obtain a release there is likely a way for you to record documentation in the land records that proves the mortgage was paid. For that you should consult with an attorney in your area who can advise you, and assist you in writing a proper affidavit accompanied by acceptable documentation.A mortgage must be satisfied (paid) in order to obtain a release that then must be recorded in the land records. The only other ways to discharge a mortgage are via a court order or to wait until the state of limitation for mortgages has passed in your jurisdiction. In Massachusetts a mortgage is no longer effective after 35 years.On the other hand, if a mortgage has been paid and you cannot find the lender to obtain a release there is likely a way for you to record documentation in the land records that proves the mortgage was paid. For that you should consult with an attorney in your area who can advise you, and assist you in writing a proper affidavit accompanied by acceptable documentation.A mortgage must be satisfied (paid) in order to obtain a release that then must be recorded in the land records. The only other ways to discharge a mortgage are via a court order or to wait until the state of limitation for mortgages has passed in your jurisdiction. In Massachusetts a mortgage is no longer effective after 35 years.On the other hand, if a mortgage has been paid and you cannot find the lender to obtain a release there is likely a way for you to record documentation in the land records that proves the mortgage was paid. For that you should consult with an attorney in your area who can advise you, and assist you in writing a proper affidavit accompanied by acceptable documentation.A mortgage must be satisfied (paid) in order to obtain a release that then must be recorded in the land records. The only other ways to discharge a mortgage are via a court order or to wait until the state of limitation for mortgages has passed in your jurisdiction. In Massachusetts a mortgage is no longer effective after 35 years.On the other hand, if a mortgage has been paid and you cannot find the lender to obtain a release there is likely a way for you to record documentation in the land records that proves the mortgage was paid. For that you should consult with an attorney in your area who can advise you, and assist you in writing a proper affidavit accompanied by acceptable documentation.


How do you get your mortgage company to release your insurance check Adjuster reported home is completed Mortgage company wants to send last check to a contractor?

Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.


Can you gift a house when the mortgage is paid off?

Providing that all other requirements of law have been met, once the mortgage has been paid off and the clear title has been registered, you may give a house as a gift to whomever you want.


How do you get the PMI company to pay off the mortgage after the death of one of the borrowers?

Unless you had mortgage insurance, the surviving borrower is responsible for paying the mortgage. If the mortgage isn't paid the lender will take possession of the property by foreclosure.


What does a primary mortgage lender do?

The primary mortgage lender holds the first mortgage. If his mortgage is not paid, he sells the property. He gets paid. You may have a second mortgage. If the second mortgage lender is not paid, he can sell the property. If he sells the property, the primary mortgage lender gets paid first, then the secondary lender gets paid.


Who do you contact to find out if an old mortgage has been paid?

The morgage provider


What percentage of mortgage interest is deducted on tax returns?

All of it paid in the period, which should check to the 1099-INT the mortgage company sends. (Plus, any amortizable amount from the origination of the mortgage.)


What is the cost to discharge a mortgage?

Generally, if you recently paid off a loan, the lender has already charged you the service fees to obtain, draft and/or record the release/discharge of mortgage. On the other hand, if you are dealing with a missing mortgage discharge that has been paid off years ago (perhaps it's not even your mortgage, but remains on title for a prior owner) than you need to get a independ servicer to research your request.


Does a deed of trust grant ownership rights?

A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.A deed of trust as part of a mortgage transaction transfers title to the mortgaged property to a trustee until the mortgage is paid in full. When the mortgage has been paid off the trustee must transfer the property back to the owner. The trustee has no actual "ownership rights" since it acts as only a holder of the title until the note is paid.


Can a house be sold that a mortgage company put a lien on?

Yes, This lienholders are paid during escrow.

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