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What else can I help you with?
Is it legal to require a satisfaction for an unrecorded mortgage?
It depends on the laws in your specific jurisdiction. In some places, it may be legal to require a satisfaction for an unrecorded mortgage as a condition of the loan agreement, while in others it may not be enforceable. It is advisable to consult with a legal professional in your area for specific guidance on this matter.
What are the legal rights of a cosigner on a mortgage?
legal rights of cosigner on mortgage
Does Louisana require a survey for mortage purchase?
Louisiana does not require a land survey as a legal requirement for purchasing a mortgage. However, lenders or title companies may still require a survey to ensure the property boundaries and any potential issues are identified before finalizing the mortgage.
Why do banks prefer legal mortgage to equitable mortgage?
Equitable mortgages are legal.
What is the Legal framework for mortgage in Nigeria?
what is the legal frame work for mortgage of land in nigeria
Is it illegal for mortgage companies to require you to carry flood insurance if you are in zone x?
Yes it is legal. You probablly agreed to it when you signed the finance note.
Can one of the dual owners borrow money on the home without the other owners signing?
In general, if two individuals are co-owners of a property, one owner cannot unilaterally borrow against the home without the consent of the other owner. Most lenders require all owners to sign the mortgage documents, as all owners have a legal interest in the property. However, specific circumstances can vary based on local laws and the terms of ownership, so it's advisable to consult a legal professional for guidance.
Can you borrow against an outstanding loan?
No ... because you have no collateral to borrow against. If you are a homeowner, and have built up a fair amount of equity from years of making payments, you could borrow against that. Lenders will require some sort of guarantee that in the event you decide not to repay them, they would have legal recourse to collect the monies owed them.
Do all states require a homeowner to carry homeowners insurance even afer a house is paid off?
No, Not a single one of them. There is no legal requirement in the U.S.A. for homeowners insurance. If there is still a mortgage on the home though, insurance is almost certainly required by the mortgage contract, but this is a contractual obligation, not a legal requirement.
How can I take a mortgage on my house?
To take a mortgage on your house, you need to apply for a loan from a bank or mortgage lender. They will assess your financial situation, credit history, and the value of your home to determine the amount you can borrow. If approved, you will sign a mortgage agreement, which is a legal contract that allows the lender to use your home as collateral. You will then make regular payments to repay the loan over a set period of time, typically 15 to 30 years.
Is borrowing money from the subreddit r/borrow legal?
No, borrowing money from the subreddit r/borrow is not illegal, but it is not recommended as it can be risky and may not provide legal protection in case of disputes.
What legal rights does a spouse have if the others refuses to contribute to mortgage and other debts?
In law England and wales) does a spouse have equal liability to pay off debts
