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Can you payoff a mortgage with a primossory note Back by a bond and a set off bond?
Hello, I in fact we also used this financial tool or instrument to pay off two of our mortgages with Washington Mutual Bank and two lines of credit or helocs with them as well. The company that we used was Gateway International Inc.. They seem to be on the up and up and nobody can verify that are not including the FBI of which we checked with, in order to verify our trust in Gateway. We have certified mail receipts and original copies of the notes along with directions for the lender to redeem the notes for cash at the federal reserve. The package looks good to us, Washington Mutual did foreclose on one home and is in process on the other. When we asked the investor what the hell was going on he simply said that he has been through this before and he knows he owns the homes and has addressed the payoffs in his 2007 tax filings and the IRS has been made and is also aware of WaMu double dipping collection policy with its consumer mortgage loans. We are under the assumption that is is illegal to proceed with foreclosure and to take possession of the homes after they had already been paid off in full, almost six months ago. The crime being that WaMu has three days to return the note if they were not going to accept it. They indeed did not, 2nd they re-keyed our home and took possession of six months after accepting payment in full. They never returned the notes to the investor, and they now have been paid in full and have possession. I am looking for a very large settlement when this is all said and done from WaMu. They have trashed our credit and taken our home and have done it to many others as well, Google it and see. I would only recommend this plan if nothing else could be done to save or sell your homes. Andrew
What else can I help you with?
What is a morage bond on fixed property?
A mortgage bond is a type of loan secured by real estate property. When a borrower takes out a mortgage, they agree to repay the loan amount plus interest over a specified term, using the property as collateral. If the borrower fails to make payments, the lender can foreclose on the property to recover the outstanding debt.
What is the difference between a callable bond and a retractable bond?
A callable bond is where the issuer has the ability to redeem the bond prior to maturity. A callable bond is where the bond hold has the ability to force the issuer to redeem the bond before maturity. Hope this helps.
Does a chemical change take place when a chemical bond breaks and forms a new bond?
yes but only if the chemical change cannot be reversed back into what it was before...
What chemical bond that occurs when atoms share electrons?
covalent bond,coordinate bond and singlet bond
What is The bond that links two amino acids called?
This is called a peptide bond, or peptide linkage.
What is the features of a mortgage bond?
A mortgage bond is a bond that is secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually considered high-grade, safe investments.
How can I purchase a mortgage bond?
To purchase a mortgage bond, you can do so through a broker or financial institution. You will need to open an account with a brokerage firm, research available mortgage bonds, place an order to buy the bond, and then complete the transaction.
Are mortgage bonds secure bonds?
A mortgage bond is a bond secured by a mortgage on one or more assets and are typically backed by real estate holdings. In a default situation, mortgage bondholders have a claim to the underlying property and could sell it off to compensate for the default. However, the value of the property may decline.
Give sample agreement of a mortgage bond?
kasunduan sa pagsangla
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is a mortgage bond?
There could be multiple answers depending on the context of the question. One common use is to refer to a bond that is backed by a pool of mortgages. The bond produces an income to the investor and the income comes from the mortgage payments made by the borrowers for the loans that are backing the bond. An asset backed security would be another phrase.
What are the risks and benefits associated with shorting mortgage bonds?
Shorting mortgage bonds can offer the benefit of potential profit if the bond prices decrease. However, it also carries risks such as unlimited losses if the bond prices rise instead.
Can you take out a mortgage to pay off loans that you already have out?
yes, when you take a second bond on your mortgage your pay less interest rates so that is the better option
Where can I find a list of US mortgage rates?
Mortgage rates vary continually depending upon the bond markets. They are also impacted by your credit score, the size of the mortgage loan and other factors. BankRate.com and LendingTree.com have various mortgage rate quotes available.
How are home mortgage rates calculated?
Mortgage rates are calculated based on the 10-year Treasury bond. This mean that usually when bond rates go up so do interest rates and interest rates are part of what we pay when we pay our mortgage. Mortgage rates are also calculated based on how much of a loan we need to finance our home purchase. One will pay an interest rate on the loan amount.
What is a used car bond?
It is a bond that a dealer has to buy to guarantee titles to vehicles. For instance if they take a car in on trade that has a payoff on it and they sell the car without paying off the note and then go bankrupt you would go after the bond money to pay the loan off. In most states only a small bond (around $40k) is required.
How do I obtain mortgage bonds?
To obtain mortgage bonds, you can typically purchase them through a broker or financial institution. Mortgage bonds are debt securities that are backed by a pool of mortgages, and they can be bought and sold on the bond market. Investors can purchase these bonds to earn interest income from the mortgage payments made by homeowners.
