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Answered 2005-09-09 05:02:19

NO they can tell you to pay the back payments and fees (for the impound) YES. At this point it is pretty much whatever the lender wants and they usually want ALL of their money NOW. Are they suggesting that you refinance with them or go elsewhere for a new loan? If you didn't make the payments on the old loan, it is unlikely that they want to give you another and you will have a hard time finding another lender who will give you a loan when you write "pay off repossession" as the proposed use of the funds.

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Your name is on the mortgage not on the deed. How do you get it off the mortgage?

Only by refinancing, paying off the mortgage, with consent of the mortgagee or by court order that is binding on the lender.


Can a loan modification release one of the borrowers along with a quit claim deed?

You need to discuss that question with your lender. Only the lender can release a borrower from their obligation. That is generally done by a payment in full of the mortgage and a refinancing in the other borrower's name alone.


What can you do if the lender wants more than you make a month?

Sorry I can't be of more help. Secured debts, such as a mortgage are an issue between borrower and lender. Any type BK filing is temporary in avoiding foreclosure. The only option is the lender agreeing to terms the borrower can handle. Maybe refinancing, but in this case that doesn't appear to be feasible. Good Luck!


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This varies by lender, but one universal requirement is that you need to be out of school. Also, be aware that you can only use the federal consolidation program ONCE, so make it count.


What exactly is California refinancing?

California refinancing is mortgage rates that are only in California. You can contact banks and financial institutions there for their rates on refinancing your mortgage for your home or business.


Can the primary on the cosigned loan drop the other person off the loan without refinancing if the other is buying a new car and the Primary wants to keep the other?

No. The only option from having a cosigner removed from the loan agreement is through refinancing. In some cases the lender may be agreeable to allowing a change of consigner's, but there will be additional fees charged.


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Where do you purchase title insurance?

When purchasing or refinancing a home, you will have settlement conducted by a Title Company, the title company is also the licensed title insurance provider. Up to two policies will be issued. Maryland Specific: If you are purchasing a property and taking out a loan, the lender will require a Lenders Title Insurance Policy. And you will have the option of purchasing an owners title insurance policy for your protection. If you are refinancing your current home then the lender will only require the lender's policy. In both instances the title insurance policies will be issued at the time of closing.


How do you get your car back from a repo when you are only 3 days late?

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Can refinancing help to lower my mortgage payments?

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Do I Lose Possession Of My Products After I Drive Them In?

No. You will keep the possession of your products throughout the term of the loan, the lender only will be holding onto them as collateral. If you can't pay back the loan, the loan will default and collateral becomes the property of lender.


How many times can you refinance your home in Texas?

You can only refinance your home for as long as only if you are eligible for another home refinancing. If your past home refinancing was good, you might be able to get another one but if you had a bad score on your past house refinancing attempt, you might have a hard time getting another one. Some online real estate school teach their students as well the essence and only when to use home refinancing as it is not always the best option for every home owner.


Can you get your car they came and got it you had already filed a chapter 7?

Generally in regardls to a BK 7 the debtor is only allowed to keep his or her vehicle if they reach a repayment/refinancing agreement with the lender. If the lender was not notified of your BK filling before the repossession they have the legal right to seize the vehicle in question. You might be able to have the vehicle returned for the period of time in which the BK is being adjudicated, but that is not always an option.


Refinancing 101?

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How can I get my repossessed truck back in Indiana?

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How do you remove your name from a joint mortgage in Portugal?

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Where can one find the average rates on refinancing a mortgage in America?

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Are title insurance costs necessary from a lender for refinancing?

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Can a co-owner refinance a property without telling the other co-owner?

No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.No. A prudent lender will require that all owners sign the mortgage so that it can take the property by foreclosure if the borrower defaults. If only one signed the mortgage the lender can only take possession of a half interest in the property.


Why does refinancing your home have a gap note?

1st of all a cat can only breed with a chicken if the moose permits it


Where can one find a refinancing mortgage calculator?

One may find a refinancing mortgage calculator from the homepage of TD Canada Trust. One only needs to click on the mortgage section and the calculator is freely available to use.


What happens when you back out of a pre-approved mortgage?

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If the lender has forced insurance on a loan does it cover you if you get stopped?

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How does a hard money lender make his profits?

A hard money lender provides a short term loan with a high interest rate and fees. Further a hard money lender will only lend if in an equity position.


Is there a way to remove a co signer from a mortgage without refinancing by using a quitclaim deed?

No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.No. The deed has no effect on the mortgage. The person who executes the deed will divest themselves of their ownership interest but will still be responsible for the mortgage. The bank owns the mortgage. You can't make any changes to it on your own. Your only right is to get your property back free and clear by paying it off. In addition, a transfer of interest in mortgaged property by deed can result in the lender demanding full payment of the balance due. You need to consult with your lender.