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A grantor is a person or institution who is a copayer of the loan, in case the original borrower defaults. As a general rule, if you cannot qualify for the loan on your own, due to credit ratings or other issues, you should not take up the loan. That is because you put the other person's finances at risk. To get a person to back you, you should provide a sound business plan, a share in the property and provide funds for a downpayment. You should expect that if you do not make payments, that the person will repossess the property.
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Who is the Grantor on a mortgage loan?
The borrower is the grantor, the lender is the grantee.
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
What is a grantor?
A Grantor conveys whatever title the Grantor possesses in real estate to a grantee, the buyer. Grantor = seller.
What does Closed-Credit Grantor mean on a credit report?
It means that the account was closed by the company that granted the loan or credit. An example would be Chase closing a customers credit card (with or without a balance) due to inactivity, poor account performance, or due to a decline in the customers financial health.
Where can you get a loan without a bank account?
no where !
Who is the Grantor on a mortgage loan?
The borrower is the grantor, the lender is the grantee.
What is grantor?
what is the responsibility of a grantor, putting up security example car if the person that has taken out the loan has not paid the loan off in full what is the responsibility of a guarantor
What is a grantor on a loan?
A guarantor is the person who agrees to pay on a debt of someone else if the person who guaranteed to pay defaults on the loan. A guarantor is a type of co-signer for the loan.
What are the key differences between a non-grantor trust and a grantor trust?
A key difference between a non-grantor trust and a grantor trust is who pays taxes on the trust income. In a non-grantor trust, the trust itself pays taxes on the income it generates, while in a grantor trust, the grantor is responsible for paying taxes on the trust income. Additionally, in a grantor trust, the grantor retains certain control over the trust assets, whereas in a non-grantor trust, the trust assets are typically managed by a trustee without the grantor's involvement.
Can you take your co signer off your car loan?
No. The co-signer is there because the credit grantor considered you too risky.
What is a grantor?
A Grantor conveys whatever title the Grantor possesses in real estate to a grantee, the buyer. Grantor = seller.
After a power of attorney is signed how long before it is void?
It is valid without expiration unless the document says otherwise. Or the grantor revokes the power of attorney. Also a power of attorney expires on the death of the grantor.
Can you get a title loan without vehicle inspection?
Can u get a title loan without a vehicle inspection
Who signs as the affiant line in the quick claim deed?
the grantor
Can you be removed as legal power of attorney without your knowledge?
The grantor can revoke a power of attorney. The do need to notify you of the revocation.
What does Closed-Credit Grantor mean on a credit report?
It means that the account was closed by the company that granted the loan or credit. An example would be Chase closing a customers credit card (with or without a balance) due to inactivity, poor account performance, or due to a decline in the customers financial health.
When a revocable trust becomes a irrevocable trust after a person dies is trust a non grantor trust or a grantor trust?
it remains a grantor trust
