My mom has to co-sign on a loan for a new car for me but doesn't want to be on the title. Can t

I want a new car but can%26#039;t qualify on my own and need my mom on the loan. but she doesn%26#039;t want to be on the title for legal reasons...just wondering if this is a possibility.

My mom has to co-sign on a loan for a new car for me but doesn%26#039;t want to be on the title. Can this be done?

ive been there with my mom and no it can%26#039;t be done since the bank is lending you the money you gotta be on the title

My mom has to co-sign on a loan for a new car for me but doesn%26#039;t want to be on the title. Can this be done?

No-if she cosigns she will be a co-owner of the vehicle. If she%26#039;s concerned about liability make sure you carry at least 250/500/250 insurance. If you don%26#039;t know what that means ask an insurance agent. Warning: insurance for young people is very expensive, especially on new cars.

I%26#039;d scale down my plans and get a decent used car in the 5-7000 range.

My mom has to co-sign on a loan for a new car for me but doesn%26#039;t want to be on the title. Can this be done?

CALL YOUR LOCAL DMV OFFICE, THEY WILL BE ABLE TO ANSWER ANY AND ALL OF YOUR QUESTIONS AND AT THE SAME TIME YOU WILL BE GETTING THE CORRECT ANSWER TO YOUR QUESTION.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase

I would like to add the friend because they are helping with half the down payment and will be living in the unpermitted cottage (which will help with the mortgage payment). However the loan company does not know that because he%26#039;s in between jobs and not working right now but has a lot of cash. Would I be able to add him on title at closing? If not then should I add him later? How much will that cost me? Thank you in advance.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

You don%26#039;t have to hide it, and you can%26#039;t anyway. It will be on the final title policy that they send back to the lender.

I think it is a MISTAKE to put your family friend on title, because then you won%26#039;t be able to do anything with the property, including refinancing it or selling it, without his signature, and that can give him other legal entitlements to which he should not receive.

Have him %26quot;gift%26quot; you the down payment, and then post closing, have him do a private mortgage for the amount of the down payment.

Yes, that will put him in second lien position, but it%26#039;s better than him being part-owner.

No way in heck would I put his name on as an owner.

PS: The above poster is incorrect. There is no law anywhere in any state that says who you can receive financial assistance from. That is a LENDER policy, not a law. Mortgage company%26#039;s do not get %26#039;automatically%26#039; notified of subsequent liens..ever...it doesn%26#039;t matter if they are in first lien position. No county has such a system in place. Also, adding a name doesn%26#039;t delay the closing as it can be done in 5 minutes. Who comes up with these made-up idea?

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

After your closing you can do a quit claim deed that will change the title from just you to you and your family friend. The cost will be determined on the value of the property exchanged (some counties will allow a $1 exchange of deed). The deed transfer would probably cost about $120 approximately.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

Probably not because the paperwork will have already been done by the title company, adding it last minute will delay closing. You could call your title company and speak with them to find out, or you might just want to deed 1/2 of the property over to him if that%26#039;s what you want to do. I understand he%26#039;s helping with the downpayment but do you really want him to have power of your property? What happens if you two have a falling out?? He could force you to sell your property to pay him off.

My ex boyfriend wanted 1/2 interest in my condo when we moved into it, my father freaked out and said no way. He said that if things didn%26#039;t work out then when we broke up he could force me out of my own home and force me to sell it to pay him off for his 1/2 it would have been a real mess and I%26#039;m glad I never did it, hence I said EX boyfriend.

Think about it before doing it. If your friend wants to make sure you pay him back, Take out a second mortgage for that amount to your friend, it will give him legal rights if you fail to pay and if you sell the property due to foreclosure he will be listed as next to be paid after the bank so he%26#039;ll be guaranteed the money back. I was asked to do that when I sold my house, the Buyer couldn%26#039;t come up with the final $10,000 I was asked if I would give her a second mortgage and she would make payments to me on a monthly basis as if I was the bank. the paperwork for the second mortgage would be all filed along with the title and closing paperwork so it would be on record, if she ever defaulted I could lien her for the money. I chose not to go thru with it since I wanted nothing more to do with the property once I sold it.

I hope that made sense, try that instead rather than giving him interest in your home.

Good luck

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

Number 1: if you are getting funds from a friend to close and not disclosing it to your lender you are committing a Federal offense called loan fraud. Not a good idea. If it gets caught on audit (and with the implosions in the mortgage industry there are a lot more files being audited) you%26#039;ll not only lose the house you are subject to a large fine and possibly even jail time.

If you add him to the title you have all of the responsibility for paying the mortgage and if you default alllhe had is a position on the title and he cannotassume you r loan and make payments because most loans are not assumable so to protect his interest he%26#039;d have to get a new loan for the home. Also, if you wanted to sell it you couldn%26#039;t do so if he wouldn%26#039;t sign the listing and sales agreement. An earlier responder said he could make you sell the property. That is wrong. He has no power whatsoever to make you do anything. All he%26#039;d have is a position on the thtile with no evidence of a debt owed to him.

This leaves you both in a potentially tough situation and is a recipe for disaster.

Think again.

Number 2: you can add anyone to the title you want to after the loan closes. (This may be where you get caught as mortgage holders may request notification of secured title changes just as they may request to be notified of subsequent liens). I imagine a lot more of them will be taking advantage of those options now.

legally, you%26#039;re only able to obtain financial assistance from someone who is not either a blood relative or an approved 501C3 charitable home buyer assistance program.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

I getting the idea that the file is going through a escrow company. Once you signed your loan document and it get funded and the file is recorded and the money is disbursed from escrow. Go back to the escrow company and ask them to add your friend to title. He not on the loan but he in title. This is not illegal. The escrow company would probably charge you for drawing the deed (free-$100.00) and you%26#039;ll have to take it to the county recorder and they will charge you a few bucks to record it.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

I don%26#039;t know all the legal ramifications of titles and loans but I think it would be a mistake to add someone to the title. Like one said, you would have to have his signature to do anything with the property and if you had a disagreement, that could be very difficult.My theory is that friends,family and money do not mix.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

Do you really want to put him on title? And if you really do and you qualify for the loan by yourself he can just be added to the loan with you, he can just say he does not have a job. Unless he has bad credit then you wont want to add him.

Funny thing here is you do not state you are having a problem with getting a loan but a lot of answers are people trying to give you a loan. hmmm! Dont fall for any scams sounds like you are already in the right direction.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

This sounds like a legal question...my disclaimer would be to seek legal advice from a qualified real estate attorney.

I know you can add anyone on the title...with your situation, I would wait until after closing. The cost would be just the recording fees, ask your escrow/title officer for the amount.

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

Wow, I wish I had friends like you! I wouldn%26#039;t put your friend on title, because you have no idea what can happen in the future. Your friend has no legal obligation to help you with your mortgage payment, but he will be part owner if you put him on title. That means that you can%26#039;t sell or refinance without his signature, even if he never gives you another cent. What if the cash runs out? If you do decide to add him, have an attorney draw up a contract that will protect you. It will be worth the money. You can call any title company for their specific fees to add him. A title company will be able to answer all of your questions.

Mandy McManus-GFMortgage-866-334-0566 x12

TXL#61253

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

This is a legal question that should be addressed by a Florida Attorney. I am not an attorney and can not give you legal advise. My answer below is not in any way legal advise, please consult with an attorney.

My answer to your question: You should ask permission to the seller to add your friend to the contract and add him on the title before you close on the property and disclose everything to the lender. Your friend will not be required to be added to the loan but can be added to the title. There is a clause in the mortgage called the due on sale clause, if title is transfered after the closing without the lenders permission they may accelerate the payment of the entire loan and demand it paid in full within 30 days.

Do you have a title company already working on the file? There are several ways you can take title, Please call us today for any other questions you may have.

Julia Argamin

Master Title Company, Inc.

16830 Collins Avenue

Sunny Isles Beach, FL 33160

(Tel) 305-919-9921

www.mastertitlecompany.com

Can I add a family friend on title at closing even if they are not on the mortgage loan or purchase contract?

yes you can, in a very similar situation between me and my sister, she had the stellar credit so the loan is completely in her name alone, we split the down payment and I pay the entire mortgage payment each month . the title has both of our names on it , its a condo and I%26#039;m on the board so they recognize me as the owner. eventually i plan on paying her back her portion of the down payment!nice sister ! we have different last names so the fact that we are related has no relevance so it could be a family friend as in your situation i would imagine

I live in Hawaii. Car title for NY state, How can I get a copy of my NY state title from here??

Ok, I took a loan out for the car in 03, paid it off... I think the loan company sent the title but it got lost between addresses because i was moving constantly at the time and failed to leave a fwding addy... I%26#039;m in hawaii now... I need the originating state title in order to xfer it to hawaii state title... Can I do this from here? Thanx

I live in Hawaii. Car title for NY state, How can I get a copy of my NY state title from here??

Prob. but, first need ur NY title to get a Hawaii. Just contact the DMV in NY from the city u lived in. They should tell u the steps u need to do. Also if ur in Hawaii ask there DMV what they require. Each state is different. Alabama requires the title. If theres a loan or whatever u have to have a letter from the ppl. who have the actual title. Check with the DMV they will help u.

I live in Hawaii. Car title for NY state, How can I get a copy of my NY state title from here??

Contact the NY Dept of motor vehicles and and pay thier fees and have them fwd a copy of the title to your new address.

Are there any little known grants that will pay off student loans for teachers IF TAKEN OUT IN 93-94

I had the misfortune of taking out a loan in California right before the governor made it possible for all teachers of title I districts to get THEIR loans forgiven, yet because I DO serve a title I community %26amp; district, and am grossly underpaid for 70 hours a week of service, I STILL owe on one loan. Any answers?

Are there any little known grants that will pay off student loans for teachers IF TAKEN OUT IN 93-94?

This is the American Federation of Teachers website, which has the most comprehensive list of forgiveness programs for teachers I have come across.

Students who become full-time teachers in an elementary or secondary school that serves students from low-income families can have a portion of their Perkins Loan forgiven under The National Defense Education Act. This program forgives 15% of your loan for the first and second years of teaching service, 20% for the third and fourth, and 30% for the fifth. Contact your school district%26#039;s administration to see which schools are eligible

Hope this helps

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosu

even that he is not on the loan, it will show on his credit report like a public record that he has a foreclosure?

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosure....?

No, the foreclosure has only to do with the loan not being paid and the person whose name is on the loan will suffer.

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosure....?

Yes, the mortgage company is foreclosing on the property, not on the loan, in other words, you put up the title in order to get the mortgage.. when the title is foreclosed upon, all names on the title are subject to the foreclosure proceedings and it will show on all names on the title.

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosure....?

No, since he%26#039;s not on the mortgage it won%26#039;t go on his credit record.

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosure....?

the foreclosure suit will be against you and John Doe (the person on the title). If they use his name in the lawsuit, it will be picked up by the credit companies, but I don%26#039;t think they can include your husband, by name, in the lawsuit.

It is true if I have a house but my husband is only in the title not in the loan, if we go foreclosure....?

The lender will foreclose and name any entity that might have an interest in the property. Your husband will be named in the foreclosure, but it should not go on his credit report. I say should not because I held a second mortgage on a property and when the first mortgage foreclosed, I was named due to my interest as second mortgage holder. One the the credit bureaus put the foreclosure on my credit report and I had to send them documentation that I was not being foreclosed on. That is a rare situation, but it did happen to me. They removed the foreclosure from my credit quickly.

How do you get your vehicle title once you pay off your loan?

I%26#039;ve paid off my vehicle. Woo hoo! I wrote a letter to the lienholder and received a notarized %26quot;lien release statement%26quot;. Then I wrote to my County Tax Assessor-Collector, who sent me an %26quot;Application for Certificate of Title%26quot; that I need to turn in with a check for $30.

But the application looks like something you%26#039;d fill out when you%26#039;re selling, trading in or donating your vehicle. I don%26#039;t want to do any of that yet 閳?I just want to have the title in my name for when I do get rid of the car in the next 12 months.

Anyone have any experience (preferably in Texas) in transferring vehicle titles? Thanks.

How do you get your vehicle title once you pay off your loan?

Congrats on having a paid-for vehicle!! Feels nice, doesn%26#039;t it?

The assessor%26#039;s office might not have understood what you wanted when you wrote to them. Your best bet is probably to go to the motor vehicle registration office at the county courthouse (take the lien release statement with you), explain your situation, and tell them what you want. They will either have you fill out the paperwork and pay the fee on the spot, or they%26#039;ll GIVE you the right stuff to fill out on your own, OR they%26#039;ll let you know if there%26#039;s nothing you need to do except wait for your new title (sans lienholder) to arrive from the state.

In any case, your answers will be at the courthouse, so go see them. Bring a book in case the line is long. :-)

How do you get your vehicle title once you pay off your loan?

oklatom, that was a good answer but I had already figured all that on my own. It%26#039;s when I got a hold of the Tax Assossor-Collector that things got confusing. Report It

How do you get your vehicle title once you pay off your loan?

You will need to Go to DMV{where u get State-ID/Driver License} to fill out some Paper work.

How do you get your vehicle title once you pay off your loan?

Your finance company holds on to the title untill the car is payed off! Since you payed it off....the bank will sent it to the state and the state will send you the title with your name on it!

Im a finance manager at a dealer

How do you get your vehicle title once you pay off your loan?

i think the lein holder mails it to u, or else i think u can get the title at the dmv...

How do you get your vehicle title once you pay off your loan?

In Texas, the title transfer process can vary depending on the reason the title is being transferred. But the transaction is generally handled by your local County Tax Assessor-Collectors office or one of its designees.

http://www.dot.state.tx.us/services/vehi...

click there, put in your county, and find the closest office. Go there with the lien release from the loan place, and proof of insurance for the vehicle, and your check book and they will help you with the new and clear title.

How do you get your vehicle title once you pay off your loan?

Not sure in texas, but in D.C. you go to the bank (lein holder) and they will verify you have paid it off. Request that the title be sent to the bank rather than in the mail to your home address just in case it gets lost. Once it arrives at the bank, you go to pick it up and then go to dmv to transfer the title.

How do you get your vehicle title once you pay off your loan?

CALL YOUR LOCAL DMV OFFICE, THEY WILL BE ABLE TO ANSWER ANY AND ALL OF YOUR QUESTIONS AND AT THE SAME TIME YOU WILL BE GETTING THE CORRECT ANSWER TO YOUR QUESTION.

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can

You can go to a title loan place but you%26#039;ll end up losing your car from their 125% interest.

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

Don%26#039;t do it, find someone to loan you the money and avoid loosing your car.

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

If you are thinking about getting a loan, then you should know about the basics before you get started. If you understand the basic dos and don閳ユ獩s of loans, then you will be better equipped to find the best loan for your needs. Whatever type of loan you are applying for, you should follow these basic rules to help you find the best deal. When searching for a loan, it pays to do your research. Look for as many suitable lenders as you can, so that you can find the very best deal. There are many online pages that%26lt;!--allow you to compare loan rates from a variety of lenders. As well as looking online, check out your high street banks and mortgage lenders for deals too. You may find the loan that you need here,

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If possible, try and avoid taking out secured loans. If the amount you need to borrow is small or you have good enough credit to borrow without collateral, then do so. Although unsecured loans have higher rates, they are less risky because your home will not be at risk if you cannot make the payments.Try and take a loan out over the shortest period--%26gt;you can afford. Taking loans out over 10 years or more can be risky, and you cannot be sure what your financial situation will be at that time.

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

Hi

I recently needed a loan as I was in a right mess! And I mean a mess! I thought I was never gonna get out of it until I read some articles on unsecured loans to help pay off my existing debt and relieve my anguish.

I saw a posting at Craig list that was tagged 閳ユǚ鈧獓o you need my help???閳ユ瑢鈧?br> I replied to the posting and it turns out that the person had once being in a mess

Just like I was then.

We chatted and became friends after which he told me his experience about the internet and scammers.

He said he has been scammed many times and totally he lost almost twenty thousand dollars {$20,000}.After which he was referred by a friend to this private lender that offered him the loan amount.

He then asked me to go contact them, I was like maybe this is just another kind of scam but I decided to give it a try. It was all just like magic how I got my loan.

I never got scammed, I have never being scammed and I don閳ユ獩 have any experience of it and I never want to.

I just felt that for the fact that a stranger helped me out I should do the same.

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willis

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

Hello my dear,dont fall prey to those hudlums out there that call them selves money lenders.All they want is your money after that you wont hear from them again.They have done it to me twice before i met Sping Loans Inc.If you really need a legitimate money lender,i will advice you to hurry down to Spring Loans Inc.They give at 3% interest rate.I have full assurence of their service because my loan was giving to me within two days of application.Here is their company address springloans084@yahoo.com.

Goodluck

Tina Jackson

London

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

Hello,

In regards to your question, i would advice you to visit Clarkson Micro Finance Incorporated.

Few months ago when i had a bad credit a friend of mine introduced me to them, Inspite of my bad credit they were able to lend me a loan of 25,000, British pounds within the space of two days of which i used to revive my business, I think you too can do the same as well, regardless of your nationality.

You can reach them via clarksonloaninquiry@yahoo.com

Sincerely,

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From Newcastle, England.

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

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I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

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I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

Hello my name is chris, my little advice is that you go to a bank in your area to request for the loan and that is if you have a collateral, but if you want loan from those that give out unsecured loan without a collateral i know of someone that gives out unsecured loans, though he is the only one i have tried for now so i don%26#039;t really know if his interest rate is the lowest, here is their contact information if you want to contact them. (kingstonloaninc@live.com)

i am sure they can be of help to you.

Good Luck

I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

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I need to go out of the country ASAP for a funeral how do I use my car title to get a loan where can I go?

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