You aren't. you need to get him to add your name on the deed , contact the lender and they will add it. usally free of charge with his premission and if he won't let you keep all receipts where you have paid on it , any repairs just anything showing you have money in the house. in case in has to end up in court
Who owns the 2nd tract if i sold both tracts but deed only describes one?
If you sold 2 tracts, but the deed describes only one, then chances are there was a survey used that showed both tracts, which I assume are contiguous...and the title company or person who prepared the deed used the survey to prepare a perimeter description, which would include both interior parcels...so the purchaser would own both lots.
And if you intended to sell both lots, and they intended to buy both lots and paid for them, they own it.? The deed could be as described above, or it could be deemed a scribner's error and need to be corrected.? So you could create a second deed to clear up any confusion, or they can sue for clear title.
==Additional Answer== If your negotiations with the purchaser included two tracts and only one was described in the deed then title to the second tract is still in your name. In Massachusetts that type of scrivener's error is a common cause of title defects. The only way real property is conveyed is by deed. You must execute a corrective deed granting title to the second tract.
What is the current Dublin Interbank Offered Rate?
The Dublin Interbank Offered Rate (DIbOR) was replaced with the Euro Interbank Offered Rate (EIBOR) in 1999.
As of the close of business in the United States on Friday, 29 October, 2010, the EIBOR curve is as follows:
One-month 0.847%
Three-month 1.045%
Six-month 1.269%
One-year 1.540%
What if both husband an wife are on the title but not the mortgage and they get divorced?
The person who is on the mortgage is legally responsible for paying the debt. If the debt is not paid the bank will take possession of the property. The division of the property will be addressed through negotiation by the attorneys representing the parties or by a judicial order.
No - except in some states.I assume you now now have a divorce problem. Get a lawyer's opinoin in your state.
Where can you get a auto title loans in Phoenix AZ?
you can find title loans at 1 stop title loan stores ...they have a good special right now too you can get $500 loan for only $25 and its a 30 day loan too...real good.
How long do you have after signing loan contract to return a car in Ohio?
You cannot return the car. The Buyer's Remorse law does not apply to vehicles. It only applies to unsolicited sales.
Generally, a waiver is a clause in a mortgage whereby you waive your right to your homestead protection as to that mortgage. A borrower should request that language be added to make it clear the protection is being waived as to only that mortgage.
The courts don't go after anything. The bankruptcy trustee will go after any non-exempt property, as is his duty. If you own half the house, you only own half the equity. The next question is whether you and your father have filed homestead declarations, or if you both can. You need to talk to a lawyer in your state.
In this case, apparently, the bank is the owner. So yes, the HOA can file the lien against the bank's ownership of this unit.
What happens if you default on a online payday loan and change your account number?
Its all based on how much information you gave the online payday loan company. There collections department will start contacting any referrals you listed and probably look into garnishing your wages. You will need to look into your contract to see exactly what they can do.
Visit www.getecash.com to learn more about payday loans.
What is definition of commitment date?
A commitment date is a set date that you are supposed to do something specific. An example would be a meeting for your job next Friday at 2.
What is the Difference between a Junior Mortgage and a second mortgage?
The difference is really all in how the loans were originated. A junior mortgage refers to the lien placement on the property title. A second mortgage means a mortgagor has more than one loan on a property with the same lender.
For example, If I purchase a home (assuming the title is clean and there are no liens on the title) and get the loan with ABC Bank then ABC Bank is considered the senior mortgage. If I obtain another loan with ABC Bank most commonly a HELOC or Home Equity Line of Credit then it is a second mortgage in second position. Let's say that after I obtained the second loan with ABC Bank, I chose to take out a smaller loan against the property with XYZ Bank. That loan will be considered a junior lien.
The loans won't always fall that clean on the title however. You can have a junior lien between a senior lien and second mortgage. In the example above if the XYZ Bank loan was taken out before the second mortgage with ABC Bank then it would still be called a junior lien and the second mortgage with ABC Bank would be the second mortgage with ABC Bank but in third position.
Hope that helps!
How is interest calculated on a money judgment?
That answer will vary from state to state. In California, you can collect 10% per year on the oustanding balance. You take 10% of the outstanding judgment and divided that number by 365 to obtain the daily rate of interest. Multiply the number of days since the entry of judgment. Payments are applied to interest first and then to the principle. The interest is not capitalized.
You should sue the co-signer. Even though you may be the primary person obligated to pay the loan, he is responsible to you for totalling your car. You still have to pay the loan company because you took out the loan; but the co-signer caused the loss. You won't be able to force the loan company to take payments from him though. Getting him to reimburse you will be your problem.
Whatever its says in the promissory note, in light of state laws that may restrict some types of actions.
For example, many notes state that you can accelerate payments, making the entire debt payable immediately; you may exercise a mortgage covenant and foreclose on the property, selling it at auction and keeping whatever it takes to pay off the debt and costs; you may repossess the property pledged as collateral and sell it to satisfy the debt, and so on.
Some states prohibit having a borrower sign an admission of guilt prior to loaning the money, but you can discuss that with your attorney.
Could a Granted withholding of removal can receive a financial aid?
Based on my experience,NO. People who are granted a withholding of removal are allowed to live in the US but they didnt get any benefits like asylum granted or permanent resident. Hope this help! :)
The bank can go after the granddaughter for repayment. * Monies belonging to any persons other than the primary borrower would not be subject to creditor attachment. If the primary borrower received monies from the estate, that would be viewed as an asset if the creditor decided to file suit to recover the debt owed.
Your brother has an estate if he has a mortgage. You need to petition the probate court in your brother's jurisdiction to be appointed the Administrator of his estate. The court will issue Letters of Administration that will enable you to carry on the business of disposing of his estate.
What are inter-corporate loans?
Inter-corporate loans are loans between related corporations within the same affiliated group of companies.
i had file chapter 7 2001,the city i live keep sending notice to clean up perperty u ,it been over 11 years since the property i close up moved out ,i get fines ,pull my licence,driver licince
how do i get the property out of my name , the bank will not take it
what should i do?
Can you get a home loan while in Chapter 13 bankruptcy with a cosigner?
With or without a co-signer...you cannot get any loans, or change any of your financial resposnibilities (especially making new ones) without the approval of the administrator of your case. Doing so, will have your case dropped and very possibly contemp of court, if not fraud charges levied...you swore in your agreement to the court to not do so. Don't you understand - that your in BK, you can't pay what you owe - you cannot borrow your way out of debt - any loan against the property you can't pay for already is using what could now go to someone else - someone else you owe - and should get paid before anyone else - but only isn't because you have legal protection while you do so?
What is California state law on prepayment penalties?
California Civil Code Section 2954.9
(a) (1) Except as otherwise provided by statute, where the
original principal obligation is a loan for residential property of
four units or less, the borrower under any note or evidence of
indebtedness secured by a deed of trust or mortgage or any other lien
on real property shall be entitled to prepay the whole or any part
of the balance due, together with accrued interest, at any time.
(2) Nothing in this subdivision shall prevent a borrower from
obligating himself, by an agreement in writing, to pay a prepayment
charge.
(3) This subdivision does not apply during any calendar year to a
bona fide loan secured by a deed of trust or mortgage given back
during such calendar year to the seller by the purchaser on account
of the purchase price if the seller does not take back four or more
such deeds of trust or mortgages during such calendar year. Nothing
in this subdivision shall be construed to prohibit a borrower from
making a prepayment by an agreement in writing with the lender.
(b) Except as otherwise provided in Section 10242.6 of the
Business and Professions Code, the principal and accrued interest on
any loan secured by a mortgage or deed of trust on owner-occupied
residential real property containing only four units or less may be
prepaid in whole or in part at any time but only a prepayment made
within five years of the date of execution of such mortgage or deed
of trust may be subject to a prepayment charge and then solely as
herein set forth. An amount not exceeding 20 percent of the original
principal amount may be prepaid in any 12-month period without
penalty. A prepayment charge may be imposed on any amount prepaid in
any 12-month period in excess of 20 percent of the original principal
amount of the loan which charge shall not exceed an amount equal to
the payment of six months' advance interest on the amount prepaid in
excess of 20 percent of the original principal amount.
(c) Notwithstanding subdivisions (a) and (b), there shall be no
prepayment penalty charged to a borrower under a loan subject to this
section if the residential structure securing the loan has been
damaged to such an extent by a natural disaster for which a state of
emergency is declared by the Governor, pursuant to Chapter 7
(commencing with Section 8550) of Division 1 of Title 2 of the
Government Code, that the residential structure cannot be occupied
and the prepayment is causally related thereto.