In bankruptcy law, an automatic 'stay' is an order goes into effect when a person files for bankruptcy. It prohibits creditors from taking certain actions against you including foreclosure proceedings. The stay gives the court time to gather all the information it needs to make a fair distribution of bankruptcy assets. The automatic stay can be lifted from certain property by the court so that property can be sold. Lenders frequently request relief from the automatic stay so a foreclosure can proceed. That relief is often granted and property can be sold.
"Remove from stay" is a way to say that the bankruptcy court has allowed a motion to sell the property at a foreclosure sale.
Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.Generally, the only way to have your name removed from a mortgage is to pay that mortgage off and refinance in someone else's name.
You can request to have Private Mortgage Insurance (PMI) removed from your mortgage when you have reached 20 equity in your home.
You can have PMI (Private Mortgage Insurance) removed from your mortgage when you have reached 20 equity in your home, either through paying down your mortgage or an increase in the home's value.
You can have PMI (Private Mortgage Insurance) removed from your mortgage once you have reached 20 equity in your home. This can be achieved through a combination of paying down your mortgage balance and appreciation of your home's value.
Private Mortgage Insurance (PMI) can typically be removed from a mortgage when the homeowner's loan-to-value ratio reaches 80. This can happen through a combination of paying down the mortgage balance and appreciation of the home's value.
You can request to have Private Mortgage Insurance (PMI) removed from your mortgage once you have reached 20 equity in your home. This typically happens when the remaining balance on your loan is 80 or less of the home's current value.
FHA mortgage insurance can be removed from a loan when the borrower has reached a certain amount of equity in the home, typically when the loan-to-value ratio reaches 78 or less.
Unfortunately, if you've signed your rights away you are only removed from title and are still obligated to the mortgage. The only way to get out of the mortgage is for the person holding title to refi and have your name removed from the mortgage.
Yes they stay removed from play, they do not go back in the grave.
no
We have a lawyer but he has not contact us back. We are behind on the mortgage.
You can stop paying mortgage insurance by reaching 20 equity in your home, either through paying down your mortgage or an increase in your home's value. Once you reach this threshold, you can request to have the mortgage insurance removed.