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What else can I help you with?
Can a person that loans money to a friend with a car title as collateral for the loan obtain the car if payment is not made?
Yes, if the promise of collateral can be documented. For example, if the lender has obtained a signed title as a "pledge", then the new title can be recorded when the payment agreement is breached, and the car sold to cover the remaining payments.
What is a pledge facility?
A Pledge is a right to hold goods or title of goods delivered for valuable consideration until advance made to a person against their security are repaid , with a right to the pledge( Bank ) to sell in the event of non - payment .
Is it true that in the state of South Carolina if you offer a title loan company all the money you have but is less than loan payment and they refuse payment does that make the lean void?
yes
What is a mortgage title?
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
If you refinance with the same lender is title insurance required?
When refinancing with the same lender, title insurance is typically not required, as the lender already holds the title insurance policy from the original mortgage. However, this can vary based on state regulations and the lender's specific policies. It's advisable to check with your lender to confirm their requirements for refinancing.
Can a person that loans money to a friend with a car title as collateral for the loan obtain the car if payment is not made?
Yes, if the promise of collateral can be documented. For example, if the lender has obtained a signed title as a "pledge", then the new title can be recorded when the payment agreement is breached, and the car sold to cover the remaining payments.
Can lender refuse to pick up car and still refuse to release title?
The title is only released when the debt or loan is paid in full. If you want the lender to pick up the car, I'm guessing that you can't or don't want to make the payments. The lender can refuse to pick up the car, but, if the debt remains unpaid, they will probably have the car repossessed which will negatively affect your credit rating.
What is a pledge facility?
A Pledge is a right to hold goods or title of goods delivered for valuable consideration until advance made to a person against their security are repaid , with a right to the pledge( Bank ) to sell in the event of non - payment .
Can you sell a car or cycle when you still make payments on it and you don't have the title?
Yes. Im not 100% sure how the process goes,but the sellerwill have to notify his/her lender or whomever of whats going on. Buyer will provide payment and i believe your lender will forward the title to the buyers lender.
Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?
it is legal, until it is paid for 100% and you have a title it belongs to them.
Is it true that in the state of South Carolina if you offer a title loan company all the money you have but is less than loan payment and they refuse payment does that make the lean void?
yes
Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?
Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.
In Missouri how can you repossess your truck if your parents have it stored and refuse to give it back and there's no title or proof of ownership?
The lender files a WRIT of REPLEVIN and the sheriff goes out and gets the car. IF the lender has a lien on the truck,ect. All that legal stuff. LOL
Lien on property in which the debtor filed a Chapter 7 and listed the debt incorrect The lien is still valid but the title co and the lender refuse to acknowledge it How can you collect the money owed?
No.
How do I get a title to a vehicle that was secured by a loan that was not reaffirmed after bankruptcy?
You don't. You voluntarily surrender the vehicle to the lender, or at least offer the ooprtunity for the lender to secure it. If the lender declines, you get this in writing and ask the lender to surrender the title to you. On the outside chance this occurs, you take the title to the DMV and change the title.
What is a mortgage title?
In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.
Do you use italics for the title of the Pledge of Allegiance in a sentence?
Yes, when referencing the title of the Pledge of Allegiance in a sentence, you should use italics to indicate that it is a title. This helps to differentiate the title from the rest of the text and adhere to proper formatting conventions. For example, "The phrase 'under God' was added to the Pledge of Allegiance in 1954."
