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Loans

Money lent to individuals or businesses in return for interest in addition to repayment of principal. Common types of loans include commercial loans, interbank loans, mortgage loans, and consumer loans.

13,117 Questions

Does The Deutcshe Bank give home loans to legal entities?

Yes contact Kress Zahringer in Florida. He is the only person in Deutche Bank that will give home loans

What are the risks taking benzedrex recreationaly?

Recreational benzedrex has similar effects like methamphetamine and similar drugs. Effects include paranoia, pupil dilation, emotional lability and anxiety. Risks are serious and may affect the central nervous system. If benzedrex is injected or ingested in excess, it may also result in life-threatening conditions.

If the deed of the house is in your husbands and your name and you are paying the original owners mortgage what are your legal rights to the home?

You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.

Can a house be foreclosed on in a person's name who is not on mortgage but property is quick claimed to them and they quick claim property back into estate of deceased person name before foreclosure?

A mortgage in default can be foreclosed no matter how many times you quitclaim it around the family. Every person who receives the property by a quitclaim deed takes it subject to the mortgage. You may slow down the process a little and add to the costs of the foreclosure but the foreclosure rides on the person who had title at the time of the mortgage. THEY gave an interest in the property to the bank in exchange for cash. If the cash was not paid back the bank is going to take possession of the property. Subsequent owners only need to be given notice of the proceeding.

Should you add your new wife to the title of a house you bought before you got married she does not pay any of the mortgage?

Well, who do you want to get your property if you die unexpectedly? If she is not on the deed then you should make certain you execute a will if you want the property to be hers if you die. Otherwise title will pass according to the laws of intestacy of your state and your wife may not inherit all the interest in the property.

What is the future value of 10000 dollars with 5 percent interest in 7 years?

The future value (FV) of $10,000 at 5% interest for 7 years follows the following formula: 10,000 (1+.05)^7 = 10,000 * 1.41 = $14,100

Does trading in a car affect your credit?

Trading in a car does not affect your credit unless you sign a new car loan and get a new car. This may negatively or positively effect your credit.

What rules or laws of refinancing an auto loan?

There are none that require a lender to refinance for you. Refinancing is easy enough, just go to your local bank, if your credit is good and you are not upside down, I am sure they will try to help.

After repossession and the company sells the car do you have to pay the balance on the loan according to Iowa law?

Yes. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment. Remember this repossession will stay on your credit for 7 years.

Can a car loan be rejected?

Any loan can be rejected, no one has to lend you money but they must have a good reason for the rejection.

If you are behind with Chapter 13 payments is there anything you can do to prevent or stop a dismissal such as a payment for the past due amount?

The BK trustee usually waits until two payments have been missed and then files a Motion To Dismiss. There will be a time specified (usually 30 days) in which missed payments can be made up in FULL. If the amount owed is not presented before the time expires the 13 will be dismissed without further notice. If the filing is less than 60 months the trustee might agree to meet with the party involved to discuss possible modification of the BK plan.

You cosigned on a car loan what happens if the primary buyer files bankruptcy but is still able to make the car payments Will this affect your credit?

If the Chapter 7 debtor was just a co-signer for credit purposes, you should be ok if you continue to make the payments. If the Chapter 7 debtor is a true co-owner, the disposition of the vehicle depends largely on the amount of equity of the vehicle. The chances are that there won't be enough equity to be worth the hassle of selling the vehicle and the trustee will probably abandon it back to the co-owner.

What happens specifically after a motion to release is filed by mortgage company we can pay to current. Will the mortgage company force a borrower into foreclosure Payment was not accepted by CSR?

I suspect this is one of those your gonna have to make it happen.

Really, especially under the market of today, a bank doesn't want to own your property and record another foreclosure....if you have the money to pay to current, I would think not only should they have to accept it...but who cares...they probably want to...and get you back in the "performing asset" category! Don't accept no for an answer...but really...I can't see that they would say no to the money.

What kind of financial aid programs does the department of education offer?

The Department of Education offers grants and low interest loans for students. In order to qualify, you have to apply using the FAFSA.

Can loan from Dubai possible for your housing project in Nepal?

Yes you can under the following terms & conditions

1: Valid Residence Visa of UAE

2: 3 Month Bank Statement (where salary is being transferred)

3: Salary Certificate

4: Company should be Listed with the Bank (minimum employees 15)

If 1st mortgage is forclosed on and 2nd mortgage doesn't get any money can they sue for the balance?

Yes. The mortgage exists as collateral for the second mortgage loan. If the second mortgage loan is not satisfied at the foreclosure sale, the second mortgage lender merely loses the collateral but not the loan and it can sue the now former homeowner for the unpaid balance. This is no different than if there is insufficient money from the sale to pay the first mortgage holder in full. The first mortgage hold can file a lawsuit later to recover the deficiency between the actual loan amount and all credits the homeowner is entitled to receive.

Can an illegal immigrant obtain a reverse mortgage?

i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.

Can you get a Home Equity Loan on a home held in trust?

The trust (and trustees) might be able to get such a loan, provided the terms of the trust are examined by the bank and found to permit the bank to foreclose (take possession) of the home in case of default. Some lawyers insert restrictions on the type of risks that can be taken with property held in trust for others.

What are the 4 types of financial aid available in regards to education?

There are different types of student loans available to college students for college:

# Federal Subsidized Stafford Loans # Federal Unsubsidized Stafford Loans # Federal Perkins Loans # Federal PLUS Loans # Private/Alternative Student Loans Other sources of financial aid are:

* Scholarships * Grants * Work-Study

Is it possible for a first lien mortgage to be recorded in second lien position?

The only possibility I can think of is that one could have an unrecorded first mortgage or deed of trust. The second mortgage or deed of trust, if recorded, would be the first of record, and legally considered to be the first.