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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

When does National American University disburse financial aid?

Normally, after 3 weeks of school. They have to make sure that you comply with the attendance policy. However, the first quarter that you attend NAU, it might take a little longer.

How Do you discharge a mortgage?

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.

If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.

If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.

If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.

If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.

If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.

One spouse is on the mortgage and wants to claim bankruptcy. The other spouse's name is on the deed. What happens when the first files for bankruptcy?

It sounds like your name was on the deed, you mortgaged the property then you conveyed it to your spouse thinking to effect a change in ownership free of the mortgage. You can't do that.

A conveyance to defraud your creditor will be "undone" by the court. Also, if you did transfer ownership subsequent to granting a mortgage the transfer is subject to that mortgage. Your bankruptcy won't simply wipe out your mortgage and make the property free and clear since you transferred it to your spouse. In addition, the bank can demand payment in full under the "due on transfer" clause in the mortgage. You have a tangled web and you should consult with an attorney who specializes in bankruptcy.

It sounds like your name was on the deed, you mortgaged the property then you conveyed it to your spouse thinking to effect a change in ownership free of the mortgage. You can't do that.

A conveyance to defraud your creditor will be "undone" by the court. Also, if you did transfer ownership subsequent to granting a mortgage the transfer is subject to that mortgage. Your bankruptcy won't simply wipe out your mortgage and make the property free and clear since you transferred it to your spouse. In addition, the bank can demand payment in full under the "due on transfer" clause in the mortgage. You have a tangled web and you should consult with an attorney who specializes in bankruptcy.

It sounds like your name was on the deed, you mortgaged the property then you conveyed it to your spouse thinking to effect a change in ownership free of the mortgage. You can't do that.

A conveyance to defraud your creditor will be "undone" by the court. Also, if you did transfer ownership subsequent to granting a mortgage the transfer is subject to that mortgage. Your bankruptcy won't simply wipe out your mortgage and make the property free and clear since you transferred it to your spouse. In addition, the bank can demand payment in full under the "due on transfer" clause in the mortgage. You have a tangled web and you should consult with an attorney who specializes in bankruptcy.

It sounds like your name was on the deed, you mortgaged the property then you conveyed it to your spouse thinking to effect a change in ownership free of the mortgage. You can't do that.

A conveyance to defraud your creditor will be "undone" by the court. Also, if you did transfer ownership subsequent to granting a mortgage the transfer is subject to that mortgage. Your bankruptcy won't simply wipe out your mortgage and make the property free and clear since you transferred it to your spouse. In addition, the bank can demand payment in full under the "due on transfer" clause in the mortgage. You have a tangled web and you should consult with an attorney who specializes in bankruptcy.

What does it mean when a second mortgage goes to a collection agency?

It means the creditor wants its money and will pursue you in order that you pay that loan.

It means the creditor wants its money and will pursue you in order that you pay that loan.

It means the creditor wants its money and will pursue you in order that you pay that loan.

It means the creditor wants its money and will pursue you in order that you pay that loan.

What happens if the mortgage was defaulted and the bank foreclosed but the mortgage was held by investment bankers who bought your loan as part of security investment?

There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.

There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.

There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.

There should be an assignment on record in the land records. The foreclosure must be done by the mortgage holder of record.If the mortgage was assigned by a written and recorded assignment the foreclosure must be done by the assignee.

Can you get a second mortgage after filing bankruptcy?

Yes, as long as the bankruptcy has been discharged, your credit score is 580+, and you earn enough income to support the additional loan.

What happens when you sever a joint mortgage?

You cannot sever a joint mortgage. It must be paid off.

You cannot sever a joint mortgage. It must be paid off.

You cannot sever a joint mortgage. It must be paid off.

You cannot sever a joint mortgage. It must be paid off.

What is the primary function of the Term Asset-Backed Securities Loan Facility?

Provide funding support for collateralized securities such as student, auto, and credit card loans.

Can a co signer claim taxes on a mortgage?

if his first on the title most likely yes. he will need some kind of approval for the other person.

What legal rights does a co borrower have on a home mortgage loan?

None, technically. They are a co-signed, which means if you don't pay your bill... they have to. Then they're entitled to your home if they paid more than 51% of the total balance owing.

How many days to deliver a loan cheque from sss to company using SSS on-line loan application?

Max is a month, but there are a lot of instances that it will be delivered 2 weeks after your employer certify your loan application

How can you make someone refinance a loan to take you off as a co borrower?

Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.

If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.

Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.

If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.

Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.

If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.

Generally, you can't make a co borrower refinance. That must be voluntary. You are responsible for the loan until it is paid off.

If there is a divorce the parties can negotiate concerning a mutual loan and the divorce decree can contain a provision that the loan be refinanced.

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