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What else can I help you with?
How do seller financed mortgages work?
The home owner actually "finances" or accepts payments fom a private individual, in a seller financed mortgage deal. Many homeowners are reluctant to do this for many valid reasons.
How can I take over car payments from the owner?
To take over car payments from the owner, you will need to contact the lender to see if they allow for a transfer of the loan. If they do, you and the owner will need to agree on the terms of the transfer and complete any necessary paperwork. It's important to make sure you can afford the payments before taking over the loan.
What do you do if you owner financed a home and now the owner is not making payments and the mortgage company is going to foreclose?
You have to make the payment, but you also need to start forclosure yourself. Get the property back and sell it again.
You and your husband bought owner financed property. The owner is supposed to move in January but seems to have changed her mind after receiving twelve months of payments. What are the options?
You need to consult with an attorney who can review your proof of payments, agreement and any documents that you signed and then explain your rights and options.
Where can one find listings of owner financed real estate?
One can find listings of owner financed real estate at the website "local". This website lists all owner financed real estate in your local area or wherever you want to search for it.
How should an owner transfer ownership of a piece of property that is not owned equally with another person?
Whatever the interest is the owner can transfer it to a new owner by quitclaim deed.Whatever the interest is the owner can transfer it to a new owner by quitclaim deed.Whatever the interest is the owner can transfer it to a new owner by quitclaim deed.Whatever the interest is the owner can transfer it to a new owner by quitclaim deed.
Is it possible for insurance to be a different name than registered owner when car is being financed?
The short answer is that the person who is on the policy, must have a financial interest in the vehicle.
Can anyone transfer a deed on a vacant house to another person?
No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.
What is the process to follow in order to foreclose on an owner financed house whose buyers are behind in payments?
There are laws and procedures regarding this, including notifying the owners of your intent to foreclose. A real estate lawyer would probably be a good idea.
If you car is financed and stolen what is the responsibility of the owner with reference to making payments and how is the process handled by the insurance co What if the car is never found?
The insurance company will pay the lender to the policy limits. This payment will only be made if you have theft coverage and not just minimum coverage. I believe you still have to make the payments, although I am not sure.
How can I sell a financed car to a private party?
To sell a financed car to a private party, you need to first check with your lender to see how much is left on the loan. Then, you and the buyer can agree on a price that covers the remaining balance. The buyer can pay you directly, and you can use that money to pay off the loan and transfer the title to the new owner.
If you cancel full coverage on a financed vehicle and transfer it as a gift will the new owner be required to get full coverage on the car?
You cannot transfer the title while the lender has a lien on it and they will NOT release the lien until the loan is paid off. They will also NOT allow any names on the title that are not on the loan papers.
