Loans

I am able to take a loan out against my vehicle and have a co-signer and was told by the bank that this does not mean that my co-signer can have my vehicle nor their name on the title but just that they get to repay the loan if I do not. I hope this leads you in some direction.

There is no legal prohibition to getting a loan after having three Chapter 13's dismissed, though each one of those Chapter 13's had an impact on your credit rating and may influence a lender negatively in terms of both what they did to your credit score and also just the fact that three times you tried and failed. You can always apply with a mortgage lender and see what happens. Each application may have a small affect on your credit rating too, so you can pick a couple of mortgage companies you like and give it a whirl. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!

i personally would not think so since it is in all practicality a second mortgage

I work for a vehicle finance company & my job is to order up cars for repossession, set up repo agents to pick up vehicles and to take care of auto auction issues when vehicles are stored at an auction awaiting sale, or have been sold. Well first off you need to call the auction, the repo agent (the person who picked up your vehicle or company) and then also your bank or finance company that the loan was through. Discuss the issue with them & see what can be done or what they want you to do. I have to say that this is a very weird thing to hear about. It is not in the auctions best interest, the repo agent or the financial institution to do anything to a vehicle, and never have I heard of any such thing. Think about it, the auction gets the same amount if the car sells or if it just sits there, the repo agent has done his job so he gets his money, and the financial institution wants their money & wants you to pay for the vehicle and if the car isn't running you may not be able to do that with the cost of repairs and such. I have to say I find it very unlikely that the auction or anyone else that had access to your vehicle would do any such thing......

Normally endowment policies are taken out as savings plan.These policies have a litle amount of life cover and a major investment element. Normally insurance companies grant loan on endowment policies if such policies are With profits for eg. Once a loan is granted the lender will beome the leagal owner of the policy. So when the policy matures the proceeds are first paid to the lender and if there is any balanace amt left it will be passed on to you. Not all endowment policies are eligible for a loan amount. You need to speak to the lender for this.

When the 'primary' lender decides to syndicate the loan, it always/(usually?) maintains a portion of the loan for its own account (the "A loan"), while selling participations in the remainder (the "B Loan"). The primary lender is the sole contractual lender, acting on behalf of both itself and the B loan participants. Normally there is a single loan agreement between the primary lender and the borrower for the full amount of the financing to be provided by the primary and the participating institutions. It encompasses both the A and B loans, although the tenors of the two loans may differ.

It all depends on the lendor company that what action they take for defaulters.But you can talk to them anytime about the easy and convinient repayment of your payday loan.I am sure they will understand your problem.

The Neutrality Act of 1937.

If you are intending to keep your old home and buy a new home as well, then whether you can get another mortgage would depend on whether you could afford the payments on both mortgages. If you are intending to sell your old home, then the mortgage on that home would disappear when the home closed. Also, getting another mortgage would again depend on your income.

Unless you have a rich relative or someone who will give you $5000 without requiring you to pay it back, there is no way that is legal to get that much money quickly without getting a loan.

It will but if not you can come over. To Mr Habert Robin a private loan lender. I lend out loans to those who are God fearing who will not fail to pay back my money with low interest rate.I do this to help those that are fanacially stressed.I will be able to help you if you are still in need of the loan you asked for on the website www.wiki.answers.com. If interested contact my mail via; hrobinlendingservice@yahoo.ca

Because the arsonist had oddly shaped feet.

As soon as you have equity to borrow against. If you put a considerable down payment on a home you could get a home equity loan the next day. If you put 0 down than it will be several years before you have enough equity to get a home equity loan.

Without seeing the sales agreement and/or loan agreement, it's impossible to answer your question with any certainty. But assuming that both agreements are fairly standard, boilerplate sorts of things, then here's the basic situation: If your husband, as co-signer, was smart enough to insist on finance insurance on the deal (or if the dealership F&I person was smart enough to sell it with the deal and if neither your grandmother nor your husband opted out of it), then the finance insurance policy will pay-off the car in full just as soon as your husband files a claim and sends the finance insurance company a copy of the death certificate. If, on the other hand, no finance insurance policy was purchased by your grandmother and your husband at the time of contract signing, then your husband must continue making payments (or must sell the car and use the proceeds to pay-off the loan... whichever he prefers). That's what co-signers do: When the principle borrower cannot pay for any reason -- including death -- then the co-signer must honor the contract. If finance insurance pays off the car loan, then the car is free and clear, but it's in her name. Therefore, her estate has possession of the vehicle and neither you nor your husband can simply take it -- especially if she's intestate (had no will). If there is no finance insurance, and your husband, therefore, must pay it off, then even though it's in possession of her estate it's a fairly easy process to show the executor or administrator of her estate that he's now on the hook for the payments as the co-signer and, therefore, the vehicle needs to be conveyed to him so he can either continue making payments on it or sell it or whatever he plans on doing with it. If he sells it, he will not be able to give a free and clear title to it to the buyer until the car loan is satisfied. So if he sells it, he must first call the loan company and get a cash payoff amount. Whatever he sells it for must be equal to or more than the cash payoff amount or he'll end-up paying some cash out of his pocket because by hook or by crook that finance company is getting the cash payoff amount... period. It's probably worth sitting down with an attorney for an hour or so and getting proper legal advice. What happens as far as who has to pay-off the car is pretty straightforward and doesn't really require your talking to an attorney. But you don't want to mess with taking things which belong to her estate until and unless you're legally allowed to. And that's a probate issue -- one worthy of chatting with attorney about, even if only briefly.

When you close on a loan to purchase a house, you should be asked to bring a cashier's check for the exact amount that you need to pay the settlement fees. There should not be any substantial amount of money that will be returned to you.

If you refinance a property you own and take out a new loan for more than the balance (plus allowed closing costs) of the previous loan you will receive cash at the closing. That makes a mortgage cash out. or.... if you own a property free and clear and want to take out the equity in your property you can do this by taking out a mortgage loan and the lender will give you the money at closing. When you walk away from closing with usually more that 2% of the mortgage balance as cash to you..that is considered cash-out.

The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.

Yes it is legal. You probablly agreed to it when you signed the finance note.

It depends on how dependable the relative is, but generally it is *incredibly* risky. If your relative can't make the payments for some reason, then you are responsible for paying that mortgage. If you don't pay, then it will show up on your credit report, and that can hurt you financially. Plus, if the house goes into default or sells for less than you owe, the mortgage company can ask for a judgment against you, and you will hav to pay the difference. It is just as risky as buying a house for yourself, with fewer benefits.

However, if your relative is a responsible person that you trust, then it is a very nice thing to do. If your relative makes the payments on time and works up his or her credit, then he or she might be able to refinance the home without you having to co-sign in the future. ... But they might have the option of buying a house now without your signature, just a smaller house.

Plenty of homes are sold to individuals without a cosigner. Usually there are only 2 reasons a bank will ask for a co signer. One being, if their prospective client does not have sufficiant funds available to make the estimated mortgage payments and other monthly debt payments and stay under 50% debt to income ratio, two being credit issues.

150,000

If you have very little in the way of assets, a grant may be better than a loan, assuming you qualify for financial aid - many government schemes aim to get less well off people a decent start in running their own business. You will need a strong business plan - visit your bank and ask them if they offer any business plan kits - they usually have a good computer program that gives you a simple business plan and cash flow forecast template. Use this to help you build your ideas, and when you have a strong plan that covers things that could go wrong, your marketing strategy, and your budget, you will be in a much better position to approach lenders and benefactors.

you can't. not unless you've been legally emancipated.

Unless you have a stipulation in your divorce decree regarding responsibility for the loan, you are stuck until the loan is paid off. The only one who can repossess the car is the company who holds the loan, but the amount owed would still be outstanding. You could see if you could get him to refinance the loan on his own...I am not sure about your liability if the car is totalled without insurance to cover it. Meanwhile, pay all of your bills and work on getting your credit into shape. If you can save money to pay cash for a car "for now," that would help you for the short term.