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If you purchased your real estate subject to the builders own mortgage then you must pay the bank to get a release from the mortgage. A prior mortgage should have shown up in the title examination and should have been discharged before you took title. Did you buy title insurance? If you didn't know about the loan then call your closing attorney to see if it covers the loan you're writing about.
What else can I help you with?
What is the benefit of getting defaulted loan off of credit report versus paying off defaulted loan?
ask an asian.
Can a cosigner on your college loan sue you?
Yes, if you defaulted on the loan.
Can you sue the borrower if they defaulted on loan if im the cosignor?
Yes, you can sue the borrower and receive a judgment if they defaulted on the loan. They can also sue the cosigner.
What is a sentence with the word defaulted?
If you have defaulted on a loan in the past, your request for a second one may be denied.
What do you do if you want to pay on defaulted loan?
Send in a payment.
How do you get a loan without a cosignor?
I am in college my mom defaulted on bankruptcy how can I get a loan to go to school?
If you catch up a defaulted loan can you get a another student loan?
In the US, yes you are eligible for additional student loans if you rehabilitate, bring current, or consolidate your defaulted federal loans. If you need help with the consolidation of your defaulted loans, click the link below.
Would I be responsible for a car loan that my ex-husband defaulted on if he got the loan when we were still married?
no
How do I get payment on a defaulted personal loan?
foreclose the debtor assets...
Can you be sued over a defaulted car loan in Texas?
YES
How do defaulted homeowner loans affect bad credit?
Defaulted homeowner loans affect bad credit because it wont allow one to get a mortgage or another loan. Most banks and loan lending companies wont offer one a mortgage or a loan because one had taken defaulted homeowner loans.
What legal recourse is there for the cosigner when the person that was cosigned for has defaulted on the loan?
The usual legal recourse for the cosigner when the person named as the primary on a loan has defaulted, is to make the payments on the loan. Then, the cosigner can take the person who defaulted to court to try and recoup some of the money they are out. If the loan was for a car, some states allow the cosigner to take possession of the car and sell it to recoup losses also.
