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What else can I help you with?
What states require a survey for a mortgage loan?
Some states require a survey for a mortgage loan as part of the closing process to confirm the property boundaries and identify any potential issues. Requirements vary by state and lender, so it's important to check with your specific state's laws and your lender's policies. Some common states that may require a survey include Texas, Florida, and New York.
What states require you to have a braiding license?
Some states, such as Texas and Iowa, require individuals who provide hair braiding services to obtain a braiding license. However, many states have eliminated this requirement or have implemented less stringent regulations for braiders. It's important to check the specific regulations in your state to determine if a braiding license is necessary.
What states have the statutory right of redemption after foreclosure?
Several states have statutory rights of redemption after foreclosure, including Alabama, Connecticut, Delaware, Iowa, Minnesota, Mississippi, Missouri, Tennessee, and Wisconsin. These states allow homeowners a period of time after foreclosure to buy back their property by paying the outstanding mortgage debt.
What states do not need a blood test to get married?
As of 2021, there are no states in the United States that require a blood test to get married. Requirements for marriage licenses vary by state, but blood tests for things like STDs or genetic diseases have been largely phased out.
Why did the Fugitive Slave Law require Americans to do?
The Fugitive Slave Law required Americans to assist in capturing and returning escaped slaves to their owners, even if they were in free states. It aimed to strengthen the institution of slavery and prevent slaves from seeking freedom in the Northern states.
Which states require real estate surveys?
States that typically require real estate surveys include Alabama, Georgia, Mississippi, and Texas. However, requirements can vary by county and municipality within each state, so it's always best to check with local authorities to determine if a survey is needed for a specific real estate transaction.
Who can amend the clauses of a deed of trust?
A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.A deed of trust is the form for a mortgage in some states. Only the original parties to the transaction can amend it. Amending a deed of trust may require a reconveyance by the trustee.
Can a second mortgage foreclose without letting the first mortgage know?
The only way would be for the 2nd mortgage holder to "buy out" or "pay off" the 1st mortgage holder. Even then, I believe most states require that the 1st mortgage holder receive notification.
What does bank provide when you pay off mortgage?
It must provide a discharge of the mortgage that must be recorded in the land records. Some states require that the lender do so at its expense.
What states require a survey for a mortgage loan?
Some states require a survey for a mortgage loan as part of the closing process to confirm the property boundaries and identify any potential issues. Requirements vary by state and lender, so it's important to check with your specific state's laws and your lender's policies. Some common states that may require a survey include Texas, Florida, and New York.
What tests do you need to take to get a mortgage broker license?
Each state has it's own exam for mortgage brokers. Before you can take the test most states require a criminal background check also. Many states also require that you post a bond. If you intend to loan less than 20 million$ you have to post a bond of 20000$.
What state has the lowest mortgage rates in the United States?
The state that has the lowest mortgage rates in the United States should be in the middle of the United States. Larger cities tend to have higher mortgage rates.
How do you know what jobs are closed on a certain day?
In the United States, business closings are usually listed with school closings on local television and radio stations.
Can notaries do loan signings?
You need to check the laws in your jurisdiction and also be fully informed of your exposure when you are not represented by an attorney at your closing. A real estate closing is a critical step in the transfer of property rights and title. In some states only licensed attorneys can supervise the interests being conveyed at a closing. There exists controversy in some states that notary witness closings may be an unauthorized practice of law. Other states have passed laws that specifically require licensed attorney involvement in real estate closings.A mortgage notary signing agent is a Notary Public who takes the place of an attorney in a real estate closing. The borrower has no legal representation at this type of closing. In some states they are called "Witness Closings" because the notary only serves the purpose of witnessing the borrower's signature on the loan document and recording the mortgage in the land records. If the borrower has any questions about the mortgage, they are told to call the bank.During the sub-prime lending scourge, witness closings became the popular way for lenders who had no local offices to keep their costs down and take advantage of unsophisticated borrowers who were often surprised at the closing by the higher cost of fees that had been added to the amount borrowed. When they asked, "Why are the fees so much higher than we discussed with the mortgage agent?", they were told, "Let's get this mortgage signed and recorded and then you can call the agent about those fees." Of course, once the mortgage was signed and recorded it was too late and the "witness" walked out with their fee for their services.Mortgage notary signing agents are controlled by law in some states. A move to get lawyers out of the closing room has been a longstanding mission in the business world by people claiming it will keep consumer costs down. In reality it removes a layer of legal protection for the unwary and uninformed consumer.
What does the term freedom mortgage mean?
Freedom Mortgage is not a just a term, but is actually a mortgage company. Freedom Mortgage Corporation is a private full-service mortgage lender that is licensed in all 50 states.
What are some mortgage loan companies based in the United States?
Some mortgage loan companies based in the United States are as follows: the Federal National Mortgage Association (known as Fannie Mae), Government National Mortgage Association (known as Ginnie Mae), and the Federal Home Loan Mortgage Corporation (known as Freddie Mac).
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.
