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Mortgages

Using property (e.g. normally real estate) as collateral to obtain a loan that is paid by the borrower in installments.

500 Questions

What is the summary of judgment and foreclosure sale date in Florida?

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Asked by Wiki User

In Florida, a judgment is a court ruling that confirms a debt owed by a party. A foreclosure sale date is set when a property owner fails to repay a mortgage, and the lender seeks to sell the property to recover the debt. This process allows the lender to auction the property to the highest bidder in order to satisfy the outstanding mortgage debt.

How long after foreclosure do you have to vacate your home in California?

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Asked by Wiki User

In California, after a foreclosure sale, the new owner can typically initiate eviction proceedings to have the occupants vacate the property. The exact timeline can vary depending on the specific circumstances and any legal actions taken by the former homeowner. However, occupants are usually given a notice to vacate the property before being forcibly removed.

Full structural survey how much?

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Asked by Wiki User

The cost of a full structural survey can vary depending on the size, location, and complexity of the property. On average, the cost can range from $500 to $1500. It's important to get quotes from different surveyors and ensure they are qualified and regulated by a professional body.

What continent has the lowest birth rate?

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Asked by Wiki User

Europe currently has the lowest birth rate among all continents. Several European countries are experiencing declining birth rates and aging populations, which can have implications for future economic and social trends.

Which is the country with lowest birth rate in world?

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Asked by Deekshateri

The country with the lowest birth rate in the world is Monaco, with a birth rate of around 6 births per 1,000 people. This low birth rate is due to factors such as limited space, high cost of living, and an aging population.

How can you obtain a legal descriptiom of your property?

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Asked by Jroosevelt

You can obtain a legal description of your property by checking your property deed, which typically includes a legal description. This description will outline specific details about the property boundaries, size, and location. You can also contact your local county assessor's office or hire a surveyor to provide an official legal description.

Can an emancipated minor own a house?

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Asked by Hjesse15

Yes, an emancipated minor may be able to own a house because they have the legal status of an adult. However, they may face challenges such as obtaining a mortgage or entering into contracts due to their age. It is essential for them to seek legal advice and support to navigate the complexities of homeownership as a minor.

Is a survey necessary when buying a home?

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Asked by Wiki User

A survey is not always necessary when buying a home, but it can be beneficial. A survey can help identify property boundaries, easements, and potential encroachments, providing clarity and preventing future disputes. It's recommended to consider a survey, especially for larger or rural properties.

What legislation outlawed redlining areas for mortgages?

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Asked by Wiki User

The Fair Housing Act of 1968 outlawed redlining, a discriminatory practice of refusing mortgages or insurance based on location. This law aimed to make it illegal to deny housing opportunities to individuals based on race, color, religion, sex, or national origin.

Cheapest place to live in the world?

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Asked by Wiki User

Some of the cheapest places to live in the world include countries like India, Indonesia, Vietnam, and Mexico. Within these countries, rural areas or smaller cities tend to have lower costs of living compared to major urban centers. Factors such as housing, food, transportation, and healthcare costs should be taken into consideration when determining affordability.

Are there dower rights in Georgia?

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Asked by Wiki User

No, Georgia does not have dower rights. Dower rights are a legal concept that have been largely abolished in many states, including Georgia.

How do you use the word rescind in a sentence?

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Asked by Wiki User

The company decided to rescind the job offer after discovering discrepancies in the candidate's resume.

Legal age to sign mortgage documents in Michigan?

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Asked by Wiki User

In Michigan, the legal age to sign mortgage documents is 18 years old. Minors are not legally able to enter into a mortgage contract on their own. Any individual under the age of 18 would need a legal guardian or parent to co-sign the mortgage with them.

Is Georgia a non recourse debt state?

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Asked by Wiki User

Yes, Georgia is a non-recourse debt state. This means that in the case of a foreclosure, the lender cannot pursue the borrower for any deficiency balance remaining after the sale of the property.

After your house is foreclosed how long legally do you have to vacate IN CALIFORNIA?

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Asked by Wiki User

In California, after a house is foreclosed, the occupants generally have to vacate the property within three days, as per the state law. It's important to check with a legal professional to understand the specific eviction procedures and timelines in your situation.

What does CBW mean in a survey?

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Asked by Wiki User

CBW in a survey may stand for "Cannot Be Wrong," indicating that the respondent must select an answer rather than leaving it blank or choosing multiple options. This helps ensure that each question gets a specific response.

If your mother and stepfather owned a house and your mom died do the stepchildren have any rights to the house on your mother's behalf?

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Asked by Wiki User

Stepchildren generally do not have automatic rights to inheritance from a stepparent unless named in a will or through specific legal arrangements, as laws vary by jurisdiction. If the stepmother passed away without a will, the laws of intestate succession would determine the distribution of assets, which could include the stepchildren depending on the laws of the state. Consulting with a probate attorney is recommended to understand the specific legal rights in this scenario.

What is the average closing rate for a telemarketer?

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Asked by Wiki User

The average closing rate for a telemarketer typically ranges from 2-5%. This means that for every 100 calls made, 2-5 of them result in a successful sale or conversion. Closing rates can vary based on factors such as the quality of leads, product/service being offered, and the skills of the telemarketer.

Can a purchase and sale agreement be enforced against the seller?

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Asked by Wiki User

Yes, a purchase and sale agreement can be enforced against the seller through legal means. If the seller fails to fulfill their obligations under the agreement, the buyer can seek remedies such as specific performance (forcing the seller to complete the sale) or monetary damages. It is important to review the terms of the agreement and consult with a legal professional if issues arise.

What term refers to a place of worship and teaching?

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Asked by Wiki User

A term that refers to a place of worship and teaching is "temple" or "mosque" depending on the specific religious context.

Difference between pari passu and hypothecation?

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Asked by Wiki User

"Pari passu" means equal treatment for all parties involved, typically in the repayment of debts or distribution of assets. "Hypothecation" is when an asset is pledged as collateral for a loan without transferring ownership, allowing the borrower to access funds while the lender retains a security interest in the asset.

What do you need to know about reverse mortgages for seniors?

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Asked by Wiki User

Reverse mortgages are loans for homeowners aged 62 or older that allow them to convert a portion of their home equity into cash. Seniors should carefully consider the fees, interest rates, and long-term implications of a reverse mortgage before deciding to proceed. It's important to consult with a financial advisor or housing counselor to fully understand the terms and potential risks involved.

Is it a good idea to buy a house at 65?

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Asked by Wiki User

Buying a house at 65 depends on your financial situation, health, and long-term plans. Consider factors like affordability, maintenance costs, and whether you plan to stay in the house long-term. It's important to weigh the pros and cons and consult with a financial advisor before making a decision.

Can someone who is 90 years old get a mortgage?

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Asked by Wiki User

It is possible for a 90-year-old to get a mortgage, but it may be challenging due to factors such as income limitations, credit history, and ability to repay the loan. Lenders may also consider the borrower's remaining life expectancy and may require a co-signer or larger down payment.

How does an AARP Reverse Mortgage Calculator help seniors?

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Asked by Wiki User

An AARP Reverse Mortgage Calculator helps seniors estimate how much they could potentially borrow through a reverse mortgage loan based on factors like age, home value, and current interest rates. It provides a rough idea of the funds they may be eligible to access as a financial resource for retirement planning.