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When a car is repo'd can the lender tell you the only way to get it back is by refinancing?
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.
What else can I help you with?
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 do I need to qualify for student loan refinancing?
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.
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.
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!
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.
How do you modify?
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
How do you modifie?
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
How do you modify mortgage?
The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.
How do you get your car back from a repo when you are only 3 days late?
You pay the LENDER what you are behind and the repo fee and go get it.
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.
Can refinancing help to lower my mortgage payments?
Refinancing is more of a big picture concept. The goal with it is to lower the total amount you have to pay to the bank by lowering the overall interest rate. Refinancing will affect your monthly payment, but only in a trivial amount.
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.
