Loans

Typically, (at least in my experience with federal loans) the government sends you and the school your award letter and then when you sign up for classes, you tell the school how much you want to borrow based on your credit load. You are able to take more than that out to pay for books and a computer for school use, but it is only meant specifically for school.

If you inform the school that you need more than is allotted for your credit load, they send you a check in the mail for the difference.

When filing a complaint for foreclosure, the plaintiff/bank is required to file a preliminary judicial that shows who has any interest in the property being foreclosed.

The complaint must be served to anyone listed on the preliminary judicial which may have a possible interest in the property.

If the complaint is served on the interested party and the defending interested party fails to answer within the required time, then the served interested party is forever barred from claiming their interest in the property.

If the foreclosure is still pending it's possible to file a motion and ask the court to file a late answer. Filing a late answer is at the discretion of the court based on meritorious circumstances listed in the motion to file a late answer.

If the foreclosure is final and you were never served as an interested party, you may have a cause of action.

Check the court docket to see if you were ever listed as an interested party and if so, does the docket show service of the complaint on you.

Yes, the private mortgage insurer can sue the homeowner for the deficiency. They can get a judgment against the home owner for the difference.

Yes, this is actually on the list of things that are considered school related, which include anything related to going to school, including computers, room, board, food, transportation, etc.

Sorry. You seem very confused. WikiAnswers is a website that answers useful questions.

It is different each year that you attend until you hit post graduate. You can get the limits on the Dept of Ed website.

Ownership of real property is always determined by wording of the title. Mortgage/lending documents in most cases are not relevant. If the title has only one person named that person is the sole owner. Persons who are not married or related can hold title as Tenancy-in-Common w/o survivor ship rights. TIC means each owner is entitled to possession of the property in accordance to the amount of interest they each hold. It does not need to be a 50%-50% ownership. Joint Tenancy is the most common means for married couples and family members to hold title. It grants owners equal entitlement to all property rights including those of survivorship. If the title does not prove clear ownership it will be adjudicated under state probate laws.

I was one and I don't think you can, not from the Govt. You should consider special funding from non.govt organizations. African descent students may benefit from it. You could try a loan from a local bank however if you do not work or have any assets to guarantee the loan, it will be nearly impossible nowadays. The school may help but the law says you, as an int'l student, must prove you can fund yourself. Try getting a job within the campus. They don't pay well but it's a start. If you were married to a US citizen, perhaps you could begin to have more options. Good luck.

You're basically asking for tips on how to commit fraud.

You're not very clever. Don't try it.

If you are asking if a mortgage deed must be recorded in the land records the answer is yes. Any encumbrance that affects the real estate must be recorded to protect the interests of the mortgagee. If a creditor recorded a lien on the property and the mortgage had not been recorded the mortgagee would lose their priority and the creditor that recorded the lien would take priority.

no.

No, it is not possible to transfer a mortgage. It is specific to a piece of property. But most lenders will work with you to create a new one for the new property with the resolution of the previous one.

Yes. It doesn't matter if you finished or not you still owe the money.

yes

Depends on the specific agreement you made with that particular lender. Read your paperwork. It will be sever, but it is what YOU agreed to.

The other thing is writing bounced checks is a criminal act...which if they seek to have you charged is a penalty too.

No.

Two different things are happening here. One is the transfer of ownership rights via a "Quit Claim Deed" and the other is in regards to the mortgage.

They are two separate matters. Transferring the ownership rights of the property does nothing to the mortgage. However, the mortgage the original owner signed most likely had a "due on sale" clause in it which says the mortgage becomes "due" on the sale or transfer of ownership...meaning when the mortgage company finds out their was a transfer of ownership they have the right to 'call the loan payable in full".

This could be really troublesome for both old and new owner should no one have the money.

So, the answer to the question is "yes" they can.

A more "real world" world answer is the answer to another question, "Will they?"

The answer to that question is "unlikely" if they new payer is making the payments on time.

Given the high rate of foreclosures banks are not eager to add another default to the list, so one could expect to escape detection and default.

But I wouldn't recommend it...

i am on a BTEC National Diploma Course in fish husbandary at brooksby college, and i was woundering if i could be eligable for a student loan?

The way I believe it works is whether the diploma is classed as further education or higher education. I did a BTEC National Diploma in Foundation Studies (art and design) and this was further education. Only higher education students qualify for a loan.

Yes, the bank will sue you if you default on your home loan and place your house in foreclosure.

Short version:

1977 - Democratic President Jimmy Carter Passes "Community Reinvestment Act," or CRA, designed to encourage banks to reach out to low income communities by offering loans to minorities and the poor.

1995 - Democratic President Bill Clinton revises CRA by making banks meet a quota for a certain number of low income loans. He also increases punishment for banks that dont loan enough money to low income borrowers. This forces banks to write lots of loans that they would not otherwise have written, because the government is forcing them to.

1999 - Democratic President Bill Clinton signs and endorses the "Gramm-Leach-Bliley Act," or GLBA, designed to make banks profitable in good economic times, as well as poor economic times. The bill allows consumer banks (think checking accounts, savings accounts, etc..) to merge with insurance companies and investment companies, so they all can make money. BUT for a bank to qualify to be a part of the program, you had to have a high CRA score, meaning that you had to have a lot of loans written to low income people. The government was effectively telling banks that if they wanted to be allowed to make money off of the investments of the rich, that they had to also be lending money to the poor. Nice in theory, but look where it has gotten us. Now we are a nation with a bunch of people losing homes they never could afford, and a bunch of banks collapsing bc nobody can pay them back! Thanks Democrats!y

Note: Gramm Leach and Bliley are Republicans. This Republican sponsored bill was voted for in the majority by Republicans. It may be therefore disingenuous to characterize this Republican bill as a Democratic leadership failure given that it would not have existed without Republicans.

can I get some help with transportation as I am on finiancal aid,disabled back in school,

however the office people at the school are being tight lipped about things.

The loans are an asset of the Co and will be sold to raise money, or given to, the creditors. The court and creditors will be active to make sure they are good and valuable. The companies BK makes no difference to you or your debt and obligation to pay it.

Always make sure that your credit report only states the most accurate information.