Yes, If the house was given to you in the divorcee. You will also need to have a quick claim deed done and he will need to sign it. Both mortgages will have to be included in the refi, because they are both tied to the property.
How can landlord hold mortgage to tenant?
A landlord only collects rent from a tenant, not mortgage payments. If the landlord then holds a mortgage for the tenant, then they are no longer a landlord, rather, a mortgage holder, like a financial institution. There are many cases where the tenant has an option to buy the home, and many terms are discussed and agreed thereto. Landlords can turn into mortgage holders. Landlords can evict, but mortgage holders can foreclose-- two different types of court proceedings.
The definition of an LLC is a limited liability corporation. And as such each partner has a very limited liability to the actions of other partners. If a scam is involved then an investigation will be launched into who was involved but as far as financials go I believe that the company will take the hit on a defaulted loan and not the partners own pockets.
What is the general rate for reverse mortgage?
reverse mortgages rates vary a bit by lenders
the most common rates right now are as follow
FIXED HECM : 4.75%-5.3%
ADJUSTABLE HECM: 2.25%-3.23%
Can I deduct mortgage interest on rental?
Yes, it is NOT a personal deduction, but will be an expense against the income...on either your schedule C or I, depending on how your handling the property 9as a business or as an investment).
Can you use a car loan as a down payment on a car?
ya of curse you can use the upside down car loan for buying a new car...
What is One hundred lac equal to?
By unit of length and distance and conversion ,we can say that
1 m =100 cm
Because of the high impact in popularity
Can you get a legitimate business loan with bad credit on the internet?
If you have bad credit already, adding to your indebtedness may be like going from the frying pan into the fire. If you find an Internet loan at a decent rate (high rates will surely finish you off), investigate the company and definitely get legal or accounting advice on the contract before signing.
How do you write a cry letter or hardship letter to your mortgage lender?
A 'cry' letter is just basically a letter from you to your lender explaining in full detail what happened that caused you to have late payments.
It's called a 'cry' letter informally, because you pretty much want to tell your sad story. You are looking for sympathy from the bank so that they will help you modify or refinance, so make sure the letter leaves nothing out about your sad situation. However, it is more properly referred to as a hardship letter.
Any federal or state agencies (including student loan and child support) have the right to take any amount due from your refund. It has nothing to do with EIC and they have the right to take the whole refund you are due if you are in default or have a judgment against you.
Is loan interest higher than savings interest?
Yes loan interest are higher than savings interest. This is one of the primary ways a bank makes money.
Advantages and disadvantages of loan?
An advanage of taking out a loan is that whatever bought that was big is already paid for kind of. But a disadvantage of a loan is that you have to pay back the bank the amount you borrowed little by little.
Fall away first mortgage bonds?
The purpose of "fall away" FMBs is to ultimately replace an existing first mortgage indenture with an unsecured note financing program or a modernized first mortgage indenture. Information comes from: http://docs.cpuc.ca.gov/published/Final_decision/56311-03.htm
How do you find out if refund will be kept for student loans?
If you are back payments, been getting (or had gotten) nastygrams about it, and the loan is a Gov't insured or granted one....it will more than likely happen. Computer systems screw up and miss.....sometimes.
Can you file bankruptcy on teri loan?
Yes, you can file bankruptcy against a TERI loan. You must file an Adversary Proceeding in order to discharge a Student Loan. It is normally difficult to discharge student loans. TERI has essentially removed themselves from the student loan guarantee business, leaving the loans unguaranteed by a non-profit. This does not mean your loan will automatically be discharged. Upon default, your loan will become owned by the bank whom issued the loan or a trust if it was securitized by First Marblehead. Also, you must past the hurdle of proving your loan is not a "qualified education loan". You need to read up the definition of "qualified education loan" at the IRS or Department of Ed. Essentially, if your school was not a Title IV or expenses were not part of the schools "Cost of Attendance" or you simply were not an "eligible student", then you don't have a "qualified education loan". Your lawyer probably will not help you at all with these details. READ up yourself.
How can you get a loan without a credit check?
It isn't going to be a house loan most likely you would get a payday advance or a buy here pay here car dealership. Things of that nature but probably not a large amount.
Are there any loans for bad credit that are not ripoffs?
There are plenty of places that offer loans for people with bad credit with no-hassle applications and easy requirements that AREN'T ripoffs.
Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on.
http://www.axalda.info/bad-credit-loans.html
Auto loan hasn't been made in over a year and lender has not contacted you what do you do?
Contact the lender immediately. Remember they will get their money one way or another. If more than a year past due on payments the vehicle has most certainly been charged off. You will need to make arrangements to pay the residual lest you wish to pay court costs on top in the long run.
Can you claim banruptcy on second mortgage's?
Yes, but it would be very unlikely you would be able to keep your home as it is the collateral the loan was made against.
A mortgage is a promise that you make to the lending company. You promise them that if you don't pay back the loan, then they can have your house. It's no different for the second mortgage except that if you fail to pay either bank, and they both want your house, then the first mortgage holder always wins. If you default on your second mortgage..then they have the right to foreclose and sell your property BUT they have to pay the balance on your first off. If you defalut on your first mortgage then they will give notice to your second mortgage company and give them the option to "accelerate " the mortgage and they can foreclose..but if the second does not then the first mortgage can foreclose and sell your property and only pay the second off if there is enough money from the sale. It really doesn't matter if the mortgage balance is the "smaller" it is who is recorded in first & second lien position.