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Generally speaking, a mortgage loan is recalled or "called due and payable" only when a default event has occurred. However, the list of default events can be longer than you might think. It can include:
1) Transfer of an part of property ownership without written consent from the lender (between spouses, or into a trust)
2) Failure to pay property taxes
3) Failure to adequately insure
4) Use of the property that is illegal or against the terms of the loan
5) Death of a borrower
6) Failure to maintain the property
7) Fraud, either current or later discovered in the loan application (such as lying about occupancy type)
Recalling a loan is expensive and dangerous for a lender, so if loans are performing, the taxes are paid, and the home is insured and in good condition they usually won't have a reason to recall it. A more common scenario might be a borrower refusing to pay taxes or insure the home, so a lender might pay it and force those amount on the borrower, by adding them to the loan or foreclosing on the home.
What else can I help you with?
Can you recall a wire transfer that you have made in the past?
Yes, I can recall a wire transfer that I have made in the past.
Can you recall a wire transfer made through Bank of America?
Yes, I can recall a wire transfer made through Bank of America.
Is it possible to recall a wire transfer?
Yes, it is possible to recall a wire transfer, but it can be difficult and may require the cooperation of the sending and receiving banks.
Can someone recall a Zelle payment?
No, once a Zelle payment is sent, it cannot be recalled.
Which of these agencies enforces safety standards for consumer products and directs the recall of unsafe products?
Consumer Product Safety Commission
What yr and reason did Beretta recall model--9000s?
You will have to contact Beretta for the correct answer.
Is imodium chews on the recall list?
That's the reason I was given at Walgreen 5/9/2012
Why do you get depressed for no reason?
Often times when you get depressed for no reason there typically is a reason it just may not be apparent right away you might have to recall unresolved issues or feelings of a particular area or topic
What info on Samsung tv recalls?
i would like to know the reason for the recall pn samsung yelevision.
Is Imodium EZ Chews on the recall list?
That's the reason I was given at Walgreen 5/9/2012
What do you do when the automatic seat bealt is stuck and will not move on a Mazda mx3 1993?
Mazda has a recall on their seatbelts for some models for this reason. ask a Mazda dealer if your model has the seatbelt recall. I believe the 92 mx3 has a recall for the auto seatbelts, but i am not sure about 93. Look into it though and they might fix it for free!
What is Bryan Thomas famous for?
Bryan Thomas is an actor. He mainly does stunt double work and stunt performing. Some of the movies include, Total Recall, House at the End of the Street, Jumper.
What does it mean if a debt has been recalled?
When a debt has been recalled, it means that the lender has requested the repayment of the outstanding amount before the originally agreed-upon terms. This can occur for various reasons, such as a change in the borrower's creditworthiness, violation of loan terms, or the lender's need for liquidity. A recall typically requires the borrower to settle the debt immediately or face potential legal consequences.
Do you have to pay inheritance tax on inheritance?
I think that depends on the tax laws, both federal and your state of residence. If I recall correctly, here in Texas for example, the determination of whether or not an inheritance tax payment is owed, "rides" on the federal criteria. If federal tax is not owed, then Texas does not require it. The last I recall, the determination of federal tax on inheritance was based on the value of the estate, and an estate valued at less than $1.5 million was exempted from payment of federal estate tax, and therefore, Texas estate tax. I also seem to recall, that the $1.5 mil federal exemption was only a "temporary" thing, and is subject to "sunset out" within a couple of years, unless reenacted. Prior to the $1.5 mill exemption, I think the amount was $600,000 per estate. I'm not sure about this, but I think that even though an estate is exempt from "estate taxes," the heirs will have to declare money received on their income tax return(s), and pay INCOME taxes, both federal and state, on that income. Also, the income from any real property, WHEN sold, will have to be declared, and taxes paid on that income.
Who do you call on car seat recalls?
Complain to the manufacturer with supporting evidence and reason. After multiple complaints from consumers a recall notice may be placed in effect.
What is a recall?
a recall is when you reply somebody
What is a sentence with recall?
I jokingly said that I have no memory that I can recall. Ah, I recall the occasion well.
