0
What else can I help you with?
Will the insurance company still pay if I don't rebuild?
If you have a mortgage, the money goes to the bank and they release it when the house has been rebuilt and inspected. If you own the place free and clear, then it is your choice.
If a seller indicates that the first mortgage is delivered free and clear what does this mean?
A free and clear property means that the mortgage was completely satisfied and there is no more lien on the property as far as the mortgage goes.
How do I obtain a Clear title after mortgage is paid off?
This would be a matter of state statutes. Each state enacts specific laws pertaining to real and personal property and how ownership is established. Generally all that is needed to have the title changed is the probate order establishing the validity of the will.
Is Texas windstorm insurance mandatory?
If your home is financed it is mandated by the terms of your mortgage contract. Failure to maintain the insurance required by your mortgage company is ground for Mortgage Default but it is not mandated by law. So if your home is paid off free and clear then it is just up to the homeowner if they want it or not..
Where might one request a home mortgage loan quote?
A free and personalized home mortgage loan quote can be requested from any online mortgage company of your choice. Quotes are free and there is no obligation to purchase.
Do i have to use an insurance payout to repair damage when i am going to sell the house and have reflected it in the price?
If you own the home free and clear then no,, you do not have to make repairs. If you still have a mortgage on the home then yes, the terms of your mortgage contract require you make the repairs regardless of whether the home is for sale or not. When there is a mortgage involved, the decision to repair or not is our of your hands. it's up to the mortgage company.
How do foreclosures affect your credit?
Same as a bankruptcy There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
What is the solution of house foreclosure?
There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
What effect does Foreclosure have on credit?
There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
Who provides the best information on a FHA reverse mortgage rates?
Information on reverse mortgage's may be obtained at any mortgage company. One can also request a free reverse mortgage handbook by calling 1 (800) 727 2796.
What happens to your mortgage when you sell your home?
When you sell your home, you typically use the proceeds from the sale to pay off your mortgage. This process is called "settling the mortgage," and it allows you to transfer ownership of the property to the buyer free and clear of any outstanding debt.
I am buying 3 acres of my parent's land and they still owe on their mortgage Does their bank give me a warranty deed?
Your parents must convey the land to you by their deed. The bank must release that portion so you will own it free and clear of the mortgage. Your parents should request that the bank issue a partial release for the 3 acre parcel they intend to convey to you. That release should be recorded in the land records prior to your deed.
