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Can the mortgage company change the locks on a foreclosed home without giving the former owners notice?
If it has taken legal possession of the property the answer is yes. The mortgagor would have been given notice of the sale by certified mail and by a publishing in the local newspaper. Many homeowners who are facing a foreclosure are so distressed they fail to open correspondence from the lender. However, that correspondence contains important information the lender is required to provide to the mortgagor. It should all be reviewed for details. If on the other hand the homeowner was not provided with notice of the impending sale according to state laws then the foreclosure may be defective. You would need to seek the advice of an attorney to make that determination.
What else can I help you with?
Can the mortgage company change the locks on a foreclosed property?
If everything has been done properly and according to all laws, there is a time when the company can change locks. They are the owners of the property by that point; the former owners have been given all the proper notices and have been evicted.
Do you have to inform your mortgage company if you change jobs?
Yes, it is generally recommended to inform your mortgage company if you change jobs, as it can affect your financial situation and ability to make mortgage payments.
When you buy a house and have a private mortgage can the seller sell the mortgage and change it?
I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.
What type of letter should be sent to a mortgage company when your partner agrees on you coming off the mortgage?
First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.
Would a mortgage company change your homeowners insurance to their name if they were not going to approve your loan?
No.
How could we change the deed from my parents name to the childrens name. They still have a mortgage on the home. what California deed would we use.?
If there is still a mortgage on the home then the deeds will be with the mortgage provider and they will not allow you to change the deeds without paying off the mortgage first.
Does mortgage company know the change of the homeowner insurance to landlord insurance?
Your Insurance Company is required by law to provide a copy of insurance policy at renewal time to your mortgage company and to notify them of any endorsements or changes in coverage. They may Notice it if they review your policy.
How do you change your mortgage provider?
You can change mortgage providers by applying for the loan. You should research which company will give you the best rates prior to applying. You local banks can help you or corporations like Chase can also provide the loan.
Can you change the names on a mortgage loan?
Not without refinancing the existing loan and changing the names on the title to the property..
Is it possible to change jobs after mortgage approval without affecting the terms of the loan?
Yes, it is possible to change jobs after mortgage approval without affecting the terms of the loan as long as the new job is in a similar field and provides a stable income. It is important to inform your lender about the job change to ensure there are no issues with the loan.
Can a lender change the terms of a mortgage deed?
change mortgage from tic to jtwrs
What type of mortgage has payments that can change?
varialbe-rate mortgage
