Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan

%26quot;You must be legally liable for the loan. You cannot deduct payments you make for someone else if you are not legally liable to make them. Both you and the lender must intend that the loan be repaid. In addition, there must be a true debtor-creditor relationship between you and the lender.%26quot;

My reading tells me that you may not, but since your name is on the title, review the IRS link below:

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

You don%26#039;t have a mortgage if your name isn%26#039;t on it.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

matters who is on the title and who is making the payments.

your spouse- filing jointly? it doesnt matter. you get to deduct

parents-

claiming them as dependent- should be able to i think

not claiming them- no you cant even if you are making the payments. this goes for others too. your payments might be a gift which you could pay extra gift tax on over 12K or 24K if married, or maybe even income on their part and they would pay taxes on that amount.

again, check with a professional, this is just my guess.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

No you may not. You must be legally obligated to make the payments and you must actually make them in order to take the mortgage interest deduction. Since your name is not on the loan, you may not take the deduction. Additionally the person whose name is on the loan may not take the deduction either as they did not make the payments.

Since your name is on the title, you MAY take the property tax deduction, however.

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

Is it a loan on your home? Your name may not be in the title, but does the loan agreement mentions you as co? Here is text from Publication 936.

%26quot;More than one borrower. If you and at least one other person (other than your spouse if you file a joint return) were liable for and paid interest on a mortgage that was for your home, and the other person received a Form 1098 showing the interest that was paid during the year, attach a statement to your return explaining this. Show how much of the interest each of you paid, and give the name and address of the person who received the form. Deduct your share of the interest on Schedule A (Form 1040), line 11, and print 閳ユ藩ee attached閳?next to the line.%26quot;

Can I write off my mortgage interest on my tax return if my name is on the title but not on the loan?

No. You can only deduct mortgage interest that you are legally obligated to pay. If you aren%26#039;t on the mortgage, then you aren%26#039;t legally obligated to pay it even if your name is on the title and you are actually paying the payments.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 paymen

we were not married. I%26#039;m told a voluntary repo would be best.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

taking it from her may bring legal troubles. I would take her to court, if she is behind, and you want the car, then the judge may order the car back to you. If you are the primary though, you have just as much right to that car as she does. So you may be able to get the car, I would call the police, explain this to them, and see if they will go with you, to advoid any trouble that may come out of this, good luck.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

If you are the primary on the loan and she is not paying for it, GO GET IT. There is no such thing as a voluntary repo, a repo is a repo so don%26#039;t let anyone feed you that line. I have went through this very same thing and eventually they (finance co.) will come and get it and it will default to your name. I would talk to her if thats possible, and then bring your supporting documents to the police and explain it so there is no domestic trouble. Bottom line, if you are on the loan, you are on the hook. Hope that works out for you.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

Probably not. This is why you don%26#039;t %26quot;help%26quot; people get car loans when they can%26#039;t get one themselves, sorry to say. When they flake out, it%26#039;s gonna mess up your credit. I%26#039;d take her to small claims court.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

Every state has different laws. Also free legal aid (remember, you get what you pay for). I%26#039;d check and see what the laws in your state are before taking any action. You want to avoid incurring anymore costs.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

Not only can you take it, you%26#039;d better take it %26amp; catch up the payments. Then either pay it off or sell it %26amp; settle the difference with the finance company. I am sorry you had to learn this lesson the hard way.

Proverbs 17:18 states that someone who cosigns %26quot;signs surety%26quot; for another is %26quot;lacking in understanding%26quot; (aka stupid).

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

you contact the creditor, advise them that you wish to take control of the vehicle, to either sell and pay off the loan, or turn it over to them. They will write you a legal letter stating that you have a vested interest in the vehicle, and what your intentions are. It is perfectly legal and she will have no recourse. Good luck. YOU MUST CONTACT THE LENDER FIRST !!!

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

I was in a similiar situation as this in Arkansas. Don%26#039;t know what the laws are in other states. I was informed that a primary signer has most of the rights. Technically you are the responsible party of the vehicle(on contract). You can take the car from her if you have been paying the monthly note. You have to prove on paper that you have been making the payments. If she%26#039;s been paying the monthly note than she has the rights to the car. Being that she%26#039;s behind on payments this would be more in your favor to take over payments. Thats if you%26#039;re wanting to keep the car. If you don%26#039;t want the car you could always voluntarily surrender it. Of course if nothing is done as far as payments go...the lender will repo the vehicle. This will take a hard hit on both your credit! This is definitely something that will have to be handled in court. That is if an agreement can%26#039;t be made between the two of you. Good luck.

I amprimary on car loan with x on loan ,her name is on title Can I take car from her she is 2 payments behind?

You can NOT go take that car from her if her name is soley on the title. If you are on the title, go get it. But, if only her name appears on the title, she can report it stolen. This is regardless of who appears first or second on the financing contract. If you are not on the title, make the payments, and take her to court to get the car.

Do not repo the car, your credit will be absolutely destroyed for many years to come.

My girlfriend and I bought our first home in 08/06. We're co-owners on the title, but only I am

so only I received 1098s. I have no income to report for 2006. She earned all of the household income and is on the title - can she use the deductions?

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

She can%26#039;t take the mortgage interest deduction if she is not responsible for the mortgage. She can deduct the real estate taxes.

Are you sure her name is not on the loan as well as yours? Check with the lender. Just because only you received the 1098 does not mean she is not on the loan. If she is on the loan and paid the mortgage, then she could also deduct the mortgage interest.

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

all she has to do is prove she made the payments, that shouldn%26#039;t be hard

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

I think, technically, she%26#039;s a renter, as you are not legally married. With no indication from you which state you live in and what the statutes are regarding common law marriage and community property, the question gets a bit more difficult. If she is legally considered as your spouse, and you are in a community property state, then she may be eligible for the deductions.

What puzzles me is your assertion that you are both %26quot;on the title%26quot;, but only you are on the loan. I do not know of any lender that permits this. I make a living doing financing and hold an active real estate license. It is not uncommon for the inverse to be true, as when two people are both on the loan, but only one of them is a legal tenant or deed holder. You may be mistaken about the title status of the property. If both of you are on the title, that would be joint tenancy, with both of you equally and severally liable for any and all liens, including a mortgage or deed of trust.

I would think the simplest solution would be to designate her as a renter, show the rent as income for you, and then you can deduct the interest, since the home is also your primary residence. You may, as a landlord, also be able to depreciate some portion of the house, though that might be tricky.

I would consult a tax attorney or a good CPA. The few bucks you spend could save you a lot of grief in the future. Tangling with the IRS is rarely amusing.

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

No, even if she made the mortgage payments she can%26#039;t deduct the interest, because since she isn%26#039;t on the mortgage, she isn%26#039;t legally required to pay the payments. Since she%26#039;s on the title though, she could deduct the real estate taxes if she has enough deductions to itemize, since she is legally responsible for those.

If you got married and filed a joint return, the interest would be deductible whether you personally had any income or not. But saving taxes is NOT a reason to get married unless you%26#039;re planning to do so anyway.

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

Sorry, but in this case, nobody gets the mortgage interest deduction.

To claim the deduction you must both be legally obligated for the debt and must actually pay it. Since you are the only person on the mortgage, only you can claim the interest deduction. She cannot as she is not legally obligated for it. Since you didn%26#039;t pay it (or didn%26#039;t earn enough to have to file a tax return and get any benefit from it) nobody gets it.

Now, property taxes are a different story entirely. Since she is on the deed, she DOES have the legal obligation to pay the property taxes and may take the deduction for any that she paid, assuming that she itemizes her deductions.

My girlfriend and I bought our first home in 08/06. We%26#039;re co-owners on the title, but only I am on the loan,

No, because she is not legally liable on the loan. Why not get married before Dec 31 and then you can file Married Filing Jointly. You bought a house together why not? Both of you would be in a much better financial position.

If a vehicle loan is cosigned is the title in the borrowers name or cosigners?

Its in the co-signers. Usu. banks, companies, etc only look at the co-signers record bc they want to make they will get their money. But there are also times when the borrowers name is ALSO on it. The best way to find out is to look at the title they sent you in the mail or just call them up and ask.

How do i get a loan on a mobile home title?

You don't, Most banks won%26#039;t lend on a mobile home. If you do find a loan the interest rates will be HIGH!

How do I get a loan on a mobile home title?

go to an independent loan company that loans amount of money according to your collateral that you put up. In my state the one to go to is 1st Franklin Financial. See if you have one in your state or search it on the web

Transferring a title to new owner?

I just recently sold my car to a private seller, and just recieved the title from my bank after paying off the loan. Although i had requested the title be issues SOLELY in my name, it arrived in my name, along with my step-moms name. (She was also on my loan when we purchased.)

Do both of us need to sign the title over to the new owner, or would I be able to alone? (we live in different states)

Transferring a title to new owner?

It will depend on how the title was shown. If it says Joan Smith OR John Smith then either of you can sign alone.

If it says Joan AND John then you both have to sign.

In the latter case simply send it to your step mom by priority mail , as her to sign and include an envelope for her to return it.

If your buyer has the car and a bill of sale he should be satisfied once you explain what is happening. Make sure that YOU have a receipt from him in case he has an accident before the paperwork goes thru.

When the signed document is returned to you by your step mom THEN you sign it and hand it to the buyer or fill it out and mail it in (whatever YOUR state law requires).

.

Transferring a title to new owner?

If there are multiple names on a title, each one is part owner and each

have to sign (in my state anyway). Double check at you local Department of Motor Vehicles.

Do a web search for %26quot;(your state) DMV%26quot;

It might be simpler to go to the DMV and ask.

Transferring a title to new owner?

YOU BOTH HAVE TO SIGN YOUR Title........

Also Make sure you Both don%26#039;t have to sign a Tax Statement, Mileage statement, or value statement... FOR the seller to get his new title.

Each State is different...

This way you won%26#039;t have to do it again when he brings it back to you.

You might also have Buyer sign a%26quot; Bill Of Sale%26quot; statement with the words AS IS, WHERE IS, NO Implied or Expressed Warranty

So he can NOT come back on you OR your Step-Mother if ANYTHING comes up... Protect Her and yourself since she helped you get the loan...

Congratt%26#039;s

Transferring a title to new owner?

If the title lists you both and your names are separated by the word %26quot;OR%26quot; either of you can sign. If your names are listed any other way, both signatures are required.

Transferring a title to new owner?

Your step mom has to sign, then you have to sign.

Does anyone offer a long-term loan based on a car title, like 2 years, rather than short-term payday

if your car is paid off, you can go to a bank and take out a loan using your car as colteral

When I have a loan for a new vehicle who holds the title of the vehicle?

I won't need the title to renew the registration of the vehicle, is that correct?

When I have a loan for a new vehicle who holds the title of the vehicle?

bank holds it, and no it is registered to you.

When I have a loan for a new vehicle who holds the title of the vehicle?

In what country, or what state if in the US? In some areas the bank holds the title until the loan is paid, in others you hold the title but the bank is listed as the legal owner. Once it%26#039;s paid for, the bank sends a lien release. But no, you don%26#039;t need the title to pay for registration.

When I have a loan for a new vehicle who holds the title of the vehicle?

Who ever gave you the loan, holds the title. You will however have to put the registration in your name,but the place you bought it from will give you the paper work you%26#039;ll need to do it.

What major banks would give me a loan based on my car title?

It really still depends on your credit as major banks don%26#039;t do loans on a title. They will only secure a car with a purchase loan not a title loan. Its better to find a finance company or a credit union they will help you . If you really need some cash you might consider trading your car in for a lower priced car and get the difference back in cash. I f you have further questions let me know. Thanks %26amp; Good Luck

Bought a car. Didn't realize title was a memorandum title. What to do?

The long (my dumbness) story. State:MA

We bought a car from a private party. He signed the back of title and gave the car and title to us and we gave him his money. Only when we went to RMV, we realized that this was a memorandum title says %26#039;not good for resale%26#039;. The guy had a car loan, he finished paying and the title has actually %26#039;release of first lien%26#039; box signed. However, RMV wants the original title. He called the bank and they say that what they sent to him is the only title present. Now how do I register this car? What are my legal options? How can I force the guy to take the car back, if there is no option? Is there a law protecting me (from my dumbness).

Bought a car. Didn%26#039;t realize title was a memorandum title. What to do?

A duplicate title must be issued, and they bank must sign off that the loan is paid! That title is then signed to you and you can get your plates!

Bought a car. Didn%26#039;t realize title was a memorandum title. What to do?

Go to the police, and charge the guy with theft by deception, or what ever the cops say, He will not want that, so you get your money one way or another.

Bank loans, How is this possible?

Can anyone tell me how a guy on dissability, $670. per month, who lives in low income housing, can go to a bank and get a loan for a car? And I work full time at the same job 7+ years, own my home, own my car, own my motorcycle, all clear titles. Can not get a loan at the same bank, where I have banked for 8 years?

Bank loans, How is this possible?

credit score, or his family got money at the bank

Bank loans, How is this possible?

No one here will be able to give you an exact answer because there are too many variables we don%26#039;t know. But here are some things to think about.

1. A car loan will be secured against the vehicle. Loans with collateral are simpler to get than loans without. What type of loan were you asking for?

2. How much were you asking for? With your income and other debts(debt to income ratio) will you be able to make the payments according to their guidelines. Normally banks don%26#039;t like total debt to income ratios of over about 45% for all debts combined(including housing).

3. What is your credit score. You did not mention anything about other debts, are you close to maxed out on your CC%26#039;s do you have late payments? All of these things can lower your score. The other guy may have a much better score.

When you apply and get declined for a loan, the bank is required by law to send you a letter with the reasons why they declined you. These are the things you will have to work on to be able to get approved.

Now, if you are saying by having clear titles that your house, car and motorcycle are paid off then use one of them as collateral for your loan. If you are only taking a percentage of the value you should have no problem. For example if your house is worth $200,000 taking a loan out for 10-20K should be able to be done.

Bank loans, How is this possible?

Chances are.......they lied on their application.(and had someone else back it up) Also, if i were you I would switch banks ASAP. Any bank that treats loyal customers like that, doesn%26#039;t deserve loyal customers! A great way to show liquid assets WITHOUT borrowing money is through a Deposit Loan Program. This may help you get that loan!

http://www.HowToGooru.com/LifeGuard.html

This is a FREE ebook, and chapter 9 deals with DLP%26#039;s.

You may also find out some interesting info regarding the credit industry!

Bank loans, How is this possible?

Banks used to work like that 50 years ago, not today...

You mention that you get $670 a month. Is that permanent disability? If so you can count that for income... any lender will accept unless it%26#039;s temporary. If you work full time somewhere I assume you make additional income as well. You should qualify for a car loan, it%26#039;s just a matter of down payment. The %26quot;regular%26quot; bank like wells fargo, BofA, etc., is probably not the best place to get a car loan. Those banks only deal with %26quot;A%26quot; type borrowers... Did you finance your home, car, or motorcycle?? have you pulled you credit?? If you have a decent credit score than you can go that route. however, with good credit you can go anywhere..

If you own your home, take an equity line and buy your car with the cash.

Bought a car and seller won't give me the title?

I bought a car 3 weeks ago, the buyer was supposed to use the money to pay off the loan and then send me the title. She gave me a bill of sale so I could drive the car for the 30 days until I had to have it registered. I called her last week and she said give her another week. I have to have the car registered in another week or I will have to pay penalties. What can I do if she doesn%26#039;t pay the loan or does not give me the title? Can she get in trouble for selling me a car without paying the loan off? What are my options? I live in Georgia if that makes a difference.

Please, no rude remarks about why I bought a car without the title (I have learned my lesson), I%26#039;m just asking for advise.

Bought a car and seller won%26#039;t give me the title?

What you need to do is go back to her and demand your money back. Other wise you will take her to small claims. That should put the fire under her butt to get the title from the bank. if she still hasn%26#039;t paid the loan off then it%26#039;s time for her to give you your money, if she doesn%26#039;t have it, take her to small claims. thats pretty much it.

Bought a car and seller won%26#039;t give me the title?

if youre not sure on what to do you may want to consult a lawyer to see what legal avenues you can pursue...some offer free consultations which will tell you your options...not real sure on georgia law

Bought a car and seller won%26#039;t give me the title?

Go to the DMV in your state... and explain it to them... bring your bill of sale with you and all the info you have on the person you bought it from.. There are ways around there not giving you the title...

Bought a car and seller won%26#039;t give me the title?

Let the seller know, if the title is not provided, a lawyer or the courts will be involved.

Is there such a thing as a collateral loan, like using your car title as collateral to pay off credi

There IS such a thing, but it is a BAD idea. If you can afford to pay the loan, you can use the SAME money to pay the credit cards. Why make it EASIER to take you car if you don%26#039;t pay?

Is there such a thing as a collateral loan, like using your car title as collateral to pay off credit cards?

You don%26#039;t need to do this. You need to make a fundamental decision to escape debt. You need to cut up the cards, and change your habits. You need a budget. You need fiscal discipline. Paying off the MasterCard with the Visa does nothing. Get mad and get it done.

Is there such a thing as a collateral loan, like using your car title as collateral to pay off credit cards?

You really shouldn%26#039;t pay off debt with more debt. Most banks and finance companies will not refinance a used car. However some credit unions will if you have good credit.

Is there such a thing as a collateral loan, like using your car title as collateral to pay off credit cards?

It sounds like a not easy cracking nut,have a look here,you should find something useful for you.http://carloan.featured-resources.info/c...

What legal responsibility does a title company have if they pay the wrong amount when funding child

My ex-husband is a real estate developer. He earns about $400,000. a year and refuses to pay court ordered child support and alimony in the amount of $6,000. per month. The only way that I have been successful in collecting any support is through liens placed on properties that he is selling. He is now three months behind and just closed a loan. Child Support Services gave the title company the demand amount. They paid $152.00 of a $18,152.00. The title company is explaining that they made a mistake. The funds have been disbursed, including the balance to my ex., I am now in a panic. I am a full time student (I was involved with our family bus. for 20 years). I currently do not have an income, raising three children. Is the title company legally obligated to correct the mistake? I am not looking for a lecture on being finacially independant, I am working on that. He has never paid volenterily. He has tried to get the amount reduced twice in the past year. Denied on both occasions.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

If you have a lien on the property and said property is sold, notify the broker and go after the title insurance company. That%26#039;s what they are there for.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

they aren%26#039;t financially responsible. my title co f-ed up on 200 bucks a few months ago and ate the cost because it was well $200. They won%26#039;t eat $18k. You will need to take your husband to court for that...sorry, wish I had better news.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

Sic an attorney on the title company.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

I don%26#039;t think they can be held liable. Sorry!

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

First off, let me say, this has nothing to do with you being or not being financially independant.....you did not %26quot;independantly%26quot; produce those children....I am a firm believer that any MAN or woman, for that matter, should support thier children.

Now, to answer your question...if the child support was court ordered and the payment was coming from a lien that was on a property that was held by this title company, then they are responsible for the amount that was on the lien secured by that title.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

The title company has liability as the closing agent as well as the insurer of title. Call them and ask to make an appointment with the attorney in charge of claims. He or she will take down the information, investigate the claim and request their underwriter to settle by making an appropriate payment.

Your other recourse would be to sue the title company, but the title company would rather settle quickly and out of court than add attorney%26#039;s fees to the settlement amount. They will cooperate.

These things do happen from time to time. Protecting the parties involved is what the insurance is all about. It may take a few weeks to process, but they will come through.

What legal responsibility does a title company have if they pay the wrong amount when funding child support?

hey- please dont take to heart anything that the hateful, bitter%26quot;singlemom%26quot; had to say. i wish you the best out of this, and am sorry that your kids have such a dead-beat dad.

Do I qualify for the Debt Forgiveness Act if my tenant in common is removed from the title?

I bought a house with friend as tenants in common 3 years ago. We both lived in the house for 1 year, then I tranferred (military) while he continued to live in the home for another year. After 1 year he stated he was filing for bankruptcy. I had him quitclaim the property to me, then tried to re-finance but was denied. My house is currently going through a short sale. Question: Do I qualify for the new Debt forgiveness act that passed? Technically, we (the owners) lived in the property for 2 years before I took him off title. He is still on the loan.

Do I qualify for the Debt Forgiveness Act if my tenant in common is removed from the title?

Nothing has been clarified.

First, is the loan a recourse loan? If it%26#039;s non-recourse, non-issue.

Tell me again how you met the 2 of the last 5 years test? Did you move back in after he filed for bankruptcy? And now with the quitclaim, you own all of the property but don%26#039;t pass the 100% ownership test. You could get the exclusion for your half....

You must be able to meet the 2 year test.

You must show that your financial situation forced the shortsale and/or the decline in property value did it.

The loan must be less than $1M, for buying the property, not cashing out to buy a car, etc.

If you are eligible, you would elect to subtract the shortfall from the basis and show shortsale on schedule D. The election will be made on form 982--which hasn%26#039;t yet been revised to support this option.

What Do I need To start A house Title Suit to get someone off my house title?

I have a person on my title for my house that refuses to take responsibility for any maintenance, taxes, etc. on the house. This person and I are not related, nor married, and they are not on the loan for the home only the title.

What Do I need To start A house Title Suit to get someone off my house title?

A Real Estate attorney.

What Do I need To start A house Title Suit to get someone off my house title?

Unless they sign a quit claim deed in front of a notary then nothing!

What Do I need To start A house Title Suit to get someone off my house title?

It really depends on the state that you are in, like here in Texas, we do not acknowledge Quit Claim Deeds. You need to consult a Real Estate Attorney in your area.

What Do I need To start A house Title Suit to get someone off my house title?

You need a quit claim deed.

The price for that deed may be half of the current equity (value-mortgage) on the home.

Are there any lending companies that will do small auto loans on cars w/ reconstructed titles?

If so....what are the names of the company/companies?

Are there any lending companies that will do small auto loans on cars w/ reconstructed titles?

GMAC

Can you be on an automobile title with out being on the loan?

yes. if your husband or wife finances a car, you can be added to the title. it can also work like that with parent and child.

in wisconsin, both parties do not have to be on the loan to be on the title. my husband was on my title and he was not on my loan. so, it IS possible in some states to not finance and be put on a title. work with your bank or credit union. as long as the loan gets paid, a lot of banks could care less who else extra is added to the title.

okay, i have purchased numerous cars and banked at both credit unions, banks and even financed through a dealership itself. in WISCONSIN, i was able to finance the car on my own and put the husband on the title without adding him to the loan financing. he just needed to acknowledge that he was AWARE i was receiving financing. he did NOT need to be placed on the loan, nor did he need make payments, co-sign or anything like that to be placed on the title. that is the TRUTH. so, ask your LENDER to see if it is possible in your state. because i have done it here MULTIPLE times without problems.

Can you be on an automobile title with out being on the loan?

not a a good dealership ... thats called a straw purchase and most lenders will nix the loan

Can you be on an automobile title with out being on the loan?

Depends on your state. Call your state%26#039;s licensing bureau and they can tell you for sure.

Can you be on an automobile title with out being on the loan?

NO, in all 50 states. A straw purchase is when someone finance%26#039;s a car for someone else. Now if your married, the husband buys the car he can not have the wife on the title unless she is on the loan. Now it%26#039;s a good idea to put the spouse on the loan because if he dies the car does not automatically go to the wife, it would go to his estate. Anyone related to the person that died can fight for rights to his property. Don%26#039;t listen to LA, whoever she is, she has no idea what she%26#039;s talking about. There is such a thing as Truth in Lending.

Is there anything to forgive student loans for borrowers in the years 1995-1997?

I am a science teacher in Mississippi in title I school. I don%26#039;t qualify for the $17,500.00 loan forgiveness program because I started school in 1995, then went back in 1998. That means I had an outstanding balance on my Stafford loans on the cutoff date of Oct. 1998. Is there any other program that can help me. I have $52,000 in loans and am a single parent.

Is there anything to forgive student loans for borrowers in the years 1995-1997?

I located a couple of student loan forgiveness programs in Mississippi that are geared towards college graduates. I am not sure that they are ones you have checked out already:

https://www.ms.gov/sfa/loanRepaymentEntr...

http://www.finaid.org/loans/forgiveness....

http://www.mde.k12.ms.us/mtc/teach.htm

http://www.staffordloan.com/repayment/fo...

http://www.studentloanconsolidator.com/r...

http://www.theteachercenter.org/FinAid/T...

Good luck!

How long does it take to recieve a vehicle title in the mail, after you have paid the loan off? Texa

Just wondering if anyone can tell me how long would this process take...say if you pay off your vehicle to the finance company, in this case GMAC, and after you do that I believe they send the title to state and then state sends you the title, but has anyone been through this process from the Texas area, how long does that take?

Thanks in advance to all!

How long does it take to recieve a vehicle title in the mail, after you have paid the loan off? Texas specific

It took me about 5 weeks before I got my Title. I was able to get a lien release from my lending company immediately but they had to send for the title.

How long does it take to recieve a vehicle title in the mail, after you have paid the loan off? Texas specific

Well...I%26#039;m not sure about Texas, but in California I got mine in less than two weeks.

How long does it take to recieve a vehicle title in the mail, after you have paid the loan off? Texas specific

You should already have the title with you as the financee of the vehicle; all you have to do is have it transferred to your name at the motor vehicle office (they will be able to see if there is a lien on the vehicle). You will probably need a safety and emission test depending on state regulations.

I have a car loan from my former employer but i have the title what can they do with no contract?

i was laid off after 10years of employment and i do not wish to pay them back the title is with my name alone

I have a car loan from my former employer but i have the title what can they do with no contract?

Legally, if the title is in your name alone and there is no signed documents, there is nothing they can do.

Morally however, you have a debt that needs to be paid, and the right thing to do would be to pay it. But you already know that.

I have a car loan from my former employer but i have the title what can they do with no contract?

...have your legs broken?

I have a car loan from my former employer but i have the title what can they do with no contract?

If you signed a contract they can come after you with an ambulance chaser.

How much money does a title closing/settlement agent and a loan originator make?

Depends on the size, shape, and scope of the loan. The larger the loan, the less I charge. The same way with the shape of the loan. If it%26#039;s A-paper and they give me full documentation, I%26#039;ll charge less, because I have to do less legwork. On scope, if it%26#039;s a purchase transaction, it depends on who pays closing costs. If the seller works in a 6% concession, I%26#039;ll charge what the law allows. Why? Because the entire idea behind a seller concession is that the seller is saying %26quot;I%26#039;m agreeing to put 6% toward closing costs, so anything less than 6% is a bonus to me.%26quot; Now, my state has a 5% rule, so the seller usually comes away happy. Typically, I will charge a total of 2% between origination and yield spread, adjusting for size, scope, and shape of loan. I%26#039;ve charged as much as 3%, due to a smaller loan with a bad credit situation that I had to jump through a bunch of hoops to get done. Some will say 1% is enough, and charging more is overcharging. I say bollocks. I charge what I charge because I know what I%26#039;m doing, and I%26#039;m very good at what I do, and in this industry, you get what you pay for.

How much money does a title closing/settlement agent and a loan originator make?

There is really no answer to your question as each loan is different and some are based on the sales price of the house.

There is a scale of fees for closing cost paid to the title company as well as the escrow closing.

Some title companies have their own escrow officers therefore you do not have to go to an outside escrow as you can combine them into one, so the cost is less in doing this.

As for the originator make that also depends on the loan itself. Normally they make 1-2 points per loan,some are upfront where the buyer or person being refinance pay an some are received from the lender based on the program that the buyer or person being refinanced select.

You will find these fees on the Good Faith Estimate (GFE) each mortgage broker should issue one within three (3) days of taking your application. Makes sure that your mortgage broker explain these fees to you,even if you have to go over them more than once or twice.

I hope this has been of some use to you, good luck.

%26quot;FIGHT ON%26quot;

How much money does a title closing/settlement agent and a loan originator make?

It actually depends on what state you are in. As a licensed mortgage broker in Texas, I can tell you that title fees are regulated by the state, so most title companies are pretty comparable. As for a loan originator, if they are charging you more than 1 point (1% of loan amount), you need to go somewhere else. I usually charge less than 1% to the customer, because 1) it is a competition, and 2) too many fees make you appear greedy.

Selling a vehicle while bank still owns title?

If I sell my motorcycle to someone and then pay off my loan to the bank (the current title holder), will this person still be able to register and insure the vehicle before I get the title in the mail some weeks later? I did this in the past and simply wrote a sales receipt/agreement with all the info including VIN and the guy had suppositly no problem waiting on the title. Anyone?

Selling a vehicle while bank still owns title?

Contact the lender. They will be able to expedite the whole sale so that the money to pay off the cycle goes directly to them and then they will send the proper paperwork via fax to release the lien so that it can be titled.

Selling a vehicle while bank still owns title?

Ask the lien holder how would they like this done. Follow what they tell ya. If you keep the money and don%26#039;t clear the lean--Dude you are in a heap of trouble.

Selling a vehicle while bank still owns title?

The bank won%26#039;t release the title til they have money in hand. The buyer will not be able to do anyting with it until he gets the title.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or

Usually 10 business day, they need to make sure the check clears the other bank.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

Call in advance to have the title sent to your local branch, then pay-off and pick it up, in person.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

It took 3-6 weeks for a car. I got mine after 4 weeks.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

If you walk into the bank with cash or a certified check, they *might* be able to give you the lien release on the spot. Otherwise it will take up to 2 weeks for the check to clear and the paper work to be done.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

They will have to obtain the paper from tha actuall lein holder loan company and it can take weeks or a month to have the title in the hands of the new owner. Last 1999 Nissan Motor Company Car loan took three weeks to get the title in the hands of the new owner. And we Pay the car on time and get stuck with late fees if were 10 or 15 days late? I don%26#039;t expect boat%26#039;s to be any different.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

If its in esgrow they have to make sure there are no leans against it. But a week or two sounds about right.

How fast will a bank release the title of a boat after the loan has been paid off? A couple weeks or days??

One of the fastest ways to get cash with bad credit, and little hassle, would be with a payday loan. Yes they have terrible interest rates but they are taking a risk. This site offers more details about the payday loans as well as various sites offering the loans, many without even a credit check. Do your homework. Best starting point is here:

http://loan.deal4-you.com

Good luck.

Can a title holder refi while the other titleholder wants to remain on the title but not on the new

No, you both must be on the new loan.

Can a title holder refi while the other titleholder wants to remain on the title but not on the new loan?

I do believe one of you could refi and the one not refiing could quit claim the deed to that one person. then only one would have to refi, like in a divorce.

Once the refi is complete, they could quit claim you back on the deed.

This would be very risky, and you would have to really trust that the other person is not going to take advantage of you.

This is a way, but its nor coming as a recommendation.

Good luck

Practical & Legal implications of putting name on car title/ not putting name on car title?

My boyfriend of 8 years is buying a car. The loan will be in his name only. But, the car is intended for me (he already has a manual transmission, this car is an automatic and I don%26#039;t know how to drive stick shift.) He wants to know if I want to put my name on the title too. My name will most likely be added to his insurance policy.

What are the practical implications and legal implications of putting my name on the title when it%26#039;s not on the loan? Any good reasons not to put my name on the title?

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

Joint title is joint ownership. Anything happens to the car/ with the car you have equal responsibility. If it is his name only, it is to your advantage to just drive it (verify that his insurance will cover you especially if you live together) But the disadvantage is that if you break up you have no claim to the car at all. There are a myriad other instances to either have your name on it or not. Also you might not be able to put the title in your name at all because of the lein( in his name only) on it...check your dmv

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

If your name is on the title, when he leaves you for another woman, you%26#039;ll be able to keep the car. If your name is not on the title, then you have no legal ownership claim to the vehicle. He can take it back at any time.

If your name is on the title, then you share the responsibility to keep the insurance and registration current.

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

The difference is that in order to sell the vehicle if the title says his name %26quot;and%26quot; yours you both need to sign the title. If the title says his name %26quot;or%26quot; yours only one of you need sign it over when selling. Check with the insurance company for other reasons. I think in most states you need your own coverage especially when your boyfriend has 2 cars, they won%26#039;t consider you a once in a while driver. I hope you appreciate your boyfriends trust in you, I could make a mile long list of friends that have given more cars away like this and don%26#039;t care because at least she%26#039;s gone!

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

Did you ask for Practical %26amp; Legal implications?

Practical....

I believe that if it is HIS car and he pays for it then your name should not be on the title...

If it is YOUR car and you pay for it then his name should not be on the title...

Legal...

if you want to take advantage in the legal system

let him put your name on the car title

then

break up

and then

get your %26quot;part%26quot; of the car... ...and let him keep the entire loan... ...(note, this action may require that 90% the value of the car go to your lawyer, but what the hell you%26#039;d get a free 10% value of the car)...

If you don%26#039;t want to take advantage

then

see Practical (above)

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

Let him keep the title in his name. The ins will be much cheaper, unless you live together, then it goes up again.

Practical %26amp; Legal implications of putting name on car title/ not putting name on car title?

There is a lot of useful and intresting information here to help answer your quetion.http://carloan.featured-resources.info/c...

I just paid off my car. The Title came back with my former last name.?

It also came back with an old address that I did not even live at when I bought the car. The purchase papers have my present town and not the address on the title. I have been paying my car loan with my present(maiden)name for 3 years. So the finance company is aware of my name as well as the DMV. Why would the title have my former last name and an address I was not living at at the time? They refunded some money with the correct last name and address. Do I have to do anything to have the title corrected or is it OK the way it is? I do not plan on selling it. I will just transfer it to my son in a year or so. Do I need to do anything now?

I just paid off my car. The Title came back with my former last name.?

When your name changed, you were required to contact the DMV with proof of the name change, and your title would be reissued with the correct info. Your registration is merely a copy of what the title says, so it has your maiden name as well. If you had the name change on your driver license, that is fine, but it doesn%26#039;t automatically change your name on your title. The information on the title was provided by your lender, or the car dealership. The registration would be the same. If the info was incorrect, you should have notified the agency. You don%26#039;t have to do anything at this point, however, when you transfer the title to your son, you will need to show the document that shows your name change, or sign the release of interest in your maiden name. Legally, you should be taking the title to the DMV, and having your name changed on the title. You would need to show the document, that shows the name change, whether it is a court order, a marriage certificate, a divorce document.

I just paid off my car. The Title came back with my former last name.?

I would go to the DMV and get them to change the title to the correct name and address. Just as sure as you don%26#039;t, SOMETHING will come up and create a problem.

For Accountants: Are tuition payments tax ded. for a non title IV school?

I attending graduate school right now in Barcelona Spain at a school that is not title IV eligible. So I am not receiving any public or private loans (no educational or otherwise loans). Are my tuition payments tax deductible?

For Accountants: Are tuition payments tax ded. For a non title IV school?

Wow - so many details that need answering here. Are you a US citizen or resident? The question is listed in US Tax, but I hate to assume things. But for now I will.

If the school is eligible to participate in the US Department of Education%26#039;s Federal Student Aid programs (and some foreign schools do), then your expenditures can be used for credits and/or deductions. This applies even if you do not personally receive FSA monies.

Sounds to me like your payments will not be tax deductible. Which stinks, but I envy you the education, classroom and otherwise, that you%26#039;re getting.

Have a blessed day!

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but i

If you are in a community property state then yes, you own the assets and the debts equally.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

Not sure what state you are in, but how it usually works is your debt automatically becomes your spouse%26#039;s problem and vice versa - in the same way your property become%26#039;s y%26#039;all%26#039;s property.

marriage is a legally binding contract, just like a business.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

He probably won%26#039;t be held legally responsible for the actual debt, but your credit records are usually merged, so it will affect his rating. Check with a lawyer for exact details.

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

he is a co owner of the property,,, but not ,liable for the loan

note ... but the property held as an asset will be taken from both of u

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

I was once in your situation. Don%26#039;t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.rent-mortgage-help.org

Good Luck!

If I foreclose on my home will my spouse be held responsible? He did not sign the loan papers, but is on title

I was once in your situation. Don%26#039;t worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.home-help-assistance.org

Good Luck!

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it's

Until last year you could not. But a new tax ruling indicates that you would be liable for the loan if the person who took out the loan failed to pay or at least your interest would be in jeopardy and therefore you may take the deduction.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

No. The interest statement is issued to the person listed on the mortgage.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

not if your name isn%26#039;t on the loan..

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

You will need to show proof of payment along with a detailed explanation and accompanying copys of title and real estate contract and or agreement.

Darryl S.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

i am no tax guy but i would think if you have proof that you make the mortgage you can wright it off. but make sure no one else is.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

If you can actually prove you made the payments on it - you should be able to claim the interest on the payments you made.

Check with the IRS to verify this.

They can give you an absolute correct answer.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

A few years ago my sister sold a home and the bank issued a 1099(?) to her and one to my father (who was on the loan but not the tile) when only my sister should have received one. The accountant they consulted told my father to file another 1099(?) showing the full amount belonged to my sister. Something similar probably applies in your case. Please consult a CPA or tax attorney. They should actually know what I am trying to say.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

Sorry. According to the IRS Publication 936 (attached), it says, %26quot;You must be legally liable for the loan. You can not deduct payments you make for someone else if you are not legally liable to make them.%26quot; If you co-signed the loan, you are legally liable. Otherwise, you have two choices. Either get your name on the loan, or give the mortgage money to the person whose name IS on the loan and let them get the deduction.

If I made payments, can I claim interest paid on realestate if my name is not on loan, but it%26#039;s on title?

You need to be careful when you make transactions like this. If this was a favor to somebody, you can %26quot;gift%26quot; it to them up to I think 15K per year. Anything over that will need to be charged to your lifetime estate tax shelter (which lowers the amount you can pass on to heirs tax free). If this was in fact a loan, you will have to record imputed interest and record that as income on your 1040.

Waiting for the car title.?

I paid over 10,000 cash for the car, got a bill of sale. got 20 cay temp plates, insured car but seller still has not sent title. He states he paid the bank loan off but they had to wait ten days, etc etc. It has been one month. my temp plates expired and I sold my other car and can not drive legally. What do I do now???? He seems like such a nice guy.

Waiting for the car title.?

You%26#039;d better get a lawyer.

Then you%26#039;d better get your head examined for buying a car without getting the title in your hand at the time of purchase! NEVER pay for a car on the promise of a title at some point in the future except from a licensed car dealer!

Waiting for the car title.?

Go to the DMV, show them the bill of sale and they should be able to file for a lost title for you, or at least tell you if the bank was indeed paid off and released the title. They should also be able to inform you of the bank that had the lein on it so that you would be able to contact the bank and get it straightened out. Also, call the guy up and ttry to get the info as well. Have him show you a release from the bank. The bank will give him a release letter immediately upon paying the car off. Good luck.

Waiting for the car title.?

Go to where you get your driver%26#039;s licence and registration. Tell them you just bought a car and need the title.Ask for a title search.I dont%26#039; know if there is a problem but do it to be sure.

Waiting for the car title.?

sounds like you got took, see a good laywer.

I am trying to sell my home in Florida and have a slew of judgments and student loans. How can I set

I was notified by the title company that there are quite a few judgements and student loans that need to be paid out of my closing,about $80,000. Is there anybody out there that specializes in negociating with these creditors? The student loan Corporation has agreed to settle for 60%, but I really need help with all the other judgements, some of which are better than 10 years old. My home is homesteaded, but this doesn%26#039;t seem to make any difference. Any suggestions?

I am trying to sell my home in Florida and have a slew of judgments and student loans. How can I settle?

I did have some troubles before and I called the creditors and asked for their bottom dollar amount for pay off!I got from 60 to 80 % off in writing and went to the abstract company and finalized it all!

I am trying to sell my home in Florida and have a slew of judgments and student loans. How can I settle?

I doubt a legitimate source will negotiate better than a 60% settlement, and there%26#039;s a good chance you%26#039;ll get ripped off trying to find one. I%26#039;d try contacting the other lenders directly and see if they won%26#039;t deal straight up

Homestead won%26#039;t effect judgements on property; the title company is correct, they have to be released

I am trying to sell my home in Florida and have a slew of judgments and student loans. How can I settle?

First of all be careful on Bogus %26quot;Nonprofit%26quot; Debt Negotiation Companies

http://www.ftc.gov/opa/2004/05/ncc.shtm

Debt negotiation firms may claim they閳ユ獧e nonprofit. They also may claim that they can arrange for your unsecured debt 閳?typically credit card debt 閳?to be paid off for anywhere from 10 to 50 percent of the balance owed. For example, if you owe $10,000 on a credit card, a debt negotiation firm may claim it can arrange for you to pay it off with a lesser amount, say $4,000.

The firms often pitch their services as an alternative to bankruptcy. They may claim that using their services will have little or no negative impact on your ability to get credit in the future, or that any negative information can be removed from your credit report when you complete their debt negotiation program. The firms usually tell you to stop making payments to your creditors, and instead, send payments to the debt negotiation company. The firm may promise to hold your funds in a special account and pay your creditors on your behalf.

and Please from

http://www.ftc.gov/bcp/conline/pubs/cred...

Good Luck

Troy

http://floridamortgagebroker.us

Title 1 Schools?

is it true that if a teacher works for a Title 1 School for a certain amount of time, they pay off your loans? if so, are there any of these schools in the Dallas, TX area?

Title 1 Schools?

I don%26#039;t know anything about that, and I worked in a Title 1 school in Minnesota. It could be a state-wide or district-wide incentive to attract teachers.

But to me, it still seems a little unlikely. With the school budget problems these days, I seriously doubt that a school would pay off your entire school loan.

To be sure, call an inner-city school%26#039;s HR department (in Texas), they will be able to tell you.

Mobile home title inactive assessed real property permanent concrete foundation why no equity loan a

the title on our doublewide is inactive and is being assessed as real property it is set on a permanent concrete foundation we had an appraisal for 180000.00 and only owe 144000.00 so we have 36000.00 in equity yet because it is a mobile home all of the banks say they will only lend 80% as opposed to the 100 to 125% they would lend on a stick built home. any solutions. thanks

Mobile home title inactive assessed real property permanent concrete foundation why no equity loan availiable?

A lot of banks only lend 80% on any home, mobile home or otherwise. You might check with a mortgage company instead of a bank. Just note that if you borrow 125% of the value of your home and then need to sell it you are going to have a problem.

Mobile home title inactive assessed real property permanent concrete foundation why no equity loan availiable?

Mobile homes are still considered a vehicle that has a license (tags). If it was taken off its wheels and placed on the concrete foundation it is still considered mobile. The concrete foundation is part of the space in a park and not the same as a foundation you find attached to a house.

The other poster is right about the 80% financing. Why would you want 100%-125% when the fact that mobile homes depreciate and the land it sits on is separate property.

Even with manufactured homes the financing would be the same.

Mobile home title inactive assessed real property permanent concrete foundation why no equity loan availiable?

Lenders are increasingly tightening criteria on other than %26#039;stick built%26#039; residences, simply because they tend to not rise in value according to the valuation increases of other homes in the area. As well, when these homes end up on the market due to foreclosures, lenders are discovering that they are not bringing sale values to the levels at which they were appraised.

As a real estate broker, I encounter similar responses from buyers when they attempt to finance a double wide or similar in a purchase.

Sad to say, you will have to contend with the decisions of the lenders. They%26#039;re the ones in the driver%26#039;s seat here.

Mobile home title inactive assessed real property permanent concrete foundation why no equity loan availiable?

I can go up to 95% cash out on a manufactured home. If you live in any of these states:

MI, IL, IN, TN, AL, MO, OK, OH

and if you%26#039;re still interested, shoot me an e-mail and I%26#039;ll be more than happy to help you.

David

dwoolman@shoremortgage.com

Paid for car - got no title?

I paid over 10k cash for new car, got bill of sale, Seller said he would send title as soon as he paid off loan. It has been one month now. Still no title. Okay - NOW I seem naive but he does seem to be such a nice guy. What do I do from here????

Paid for car - got no title?

You just gave that person 10k for...nothing. I won%26#039;t lecture you, but what were you thinking?!

You need to get a lawyer tomorrow, make it the first call of the day. Don%26#039;t play nice as this is not a situation to make friends. The car needs to be payed off before the title can be released, that is correct. But, this should have been done prior to the sale or at the same time as the sale. The second call I would make would be the police. You need to have a police report filed ASAP to cover yourself. Don%26#039;t mess around with this %26quot;nice%26quot; guy. If it were a lesser amount of money, maybe. 10k? Nope. That amount will turn a nice guy mean.

The fact of the matter is you should have each signed the title and it should have been notorized during the sale of the car. Basically, what has happened is you have his car. I wouldn%26#039;t even drive it. Did you see the registration? Did you see anything stating the car was his to sell? As of now, no legal sale has taken place. I don%26#039;t envy you. By chance, did you buy this on Ebay? If so, contact them as well. Go at this guy with guns drawn starting tomorrow. Lawyer first, remember that.

Good luck to you, it sounds like you have a battle to come.

Paid for car - got no title?

Contact the Motor Vehicle Dept where you live, provide them with bill of sale and request title. There%26#039;s always a chance that they might request his transfer, but then maybe not. Doesn%26#039;t hurt to try. You have a bill of sale - that%26#039;s sufficient proof. You have the car, that%26#039;s sufficient proof. And the bill of sale is evidence in case you need to take legal action. The title may have been lost in the mail. If the MVD does not provide the title, then you need to take legal action.

Paid for car - got no title?

Gee, I%26#039;m sot sure there is anything you can do. I certainly hope you have learned a good lesson from this. I, as a woman would have never done such a thing! You never buy a car from anyone till you SEE the title. Did you make any kind of a signed agreement and have it notorized? of course you didn%26#039;t. Do you have a lawyer to advise you? I fear you are totally screwed.

Good luck anyway.

Paid for car - got no title?

You need that title to get insurance and register the car. Hound the person that has it. Who cares if he is a nice guy/ If he is nice, why hasn%26#039;t he gotten the title to you?

Paid for car - got no title?

when I bought a new car it took about six weeks for me to get a clear title if you do not get one soon take your bill of sale to motor vehicle division and send for a title people file for lost titles all the time

State accidently sent me my car title...should I hang on to it?

I recently refinanced my car when my credit was finally fixed after someone stole my identity. The loan company sent in the paper work to the state. There was an error in the paperwork and the state sent the title to me directly with the check that the loan company had wrote to change the title. I now have the title to the car, along with paperwork asking me to make the correct changes閳ヮ洐hould I hang on to the title until someone asks me for it?

State accidently sent me my car title...should I hang on to it?

If you used your car as collateral for the loan, you definitely need to give it to the lender. Since they made you a loan using your car, the car actually is theirs until the loan is paid off. Or, if the state hasn%26#039;t actually recorded their lein on the title and are asking you to make corrections, you should make the corrections asked for by the state, send the title and the check back to the state in order for the state to complete the recording of the lein process. Don%26#039;t keep the title and the check without checking with the bank or the state.

State accidently sent me my car title...should I hang on to it?

YES...don%26#039;t lose it!

When financing a used car, and applying to register it, do I need the title or is it held by the len

I just bought a used car, and financed it through a credit union. Next, I need to get the license plates. I do not have the title, but I do have the %26quot;Application for Title.%26quot; Does the credit union hold onto the title until I%26#039;ve paid off the loan, or do I need to somehow get the title in order to get my plates? I am in Missouri.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All you have to bring is the bill of sale from the place where you bought the used car from. They will also need proof of insurance. The title is held by lender until all loans are satisfied.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

The lender keeps the title %26amp; sends it to you when the loan is paid off.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All you need is the paperwork from the place you bought the car from - since you don%26#039;t need the title to register the car, just proof that you bought it, and proof of insurance.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

THE LENDER KEEPS THE TITLE.......................

CONTACT YOUR LOCAL (DMV) DEPARTMENT OF MOTOR VEHICLES 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.

When financing a used car, and applying to register it, do I need the title or is it held by the lender?

All the posters above aren%26#039;t giving you the right info because they don%26#039;t read the questions... Don%26#039;t answer the question if you don%26#039;t know the correct answer...

You are in Missouri, which is a Title holding state. What this means is that when you took out the note on the auto at the credit union, they (technically the state) will attach a lein to your vehicle. You will then givethe title and title application to the people at the license bureau who will send it all off to the state. Here%26#039;s the important part....

The state will send you the title back in your name with a Lein attached to the front.(thus the %26quot;title holding state%26quot; part) You keep this until you pay the loan off, then the Credit union will send you a Lein Release. You attach this to your title and file it away until you are ready to sell or trade, or send it off to get a new title with no lein attached.

The short answer to your question is that the dealer or person that sold you the vehicle is responsible for handing you the title with your paperwork, and you should have it by now... Sometimes the dealer will hold it if he is waiting on something from you(i.e. title to your trade-in, proof of income, etc...)

If the dealer hasn%26#039;t given you the title and you don%26#039;t owe him any of these loose ends, give him a call and ask for your title...

What is the average time frame for a person to receive the title to their car once a loan is paid of

That depends on who financed the car and where the title is kept.

Companies like Ford Credit, GM and Chrysler Financial have regional offices. They generally take about 10-14 days. Many banks and private financial institutions can take longer. If you paid by check, they wait until the check clears before the process the release. If you paid by certified check or bank check, you should call them and tell them you need the title ASAP.

What is the average time frame for a person to receive the title to their car once a loan is paid off?

My last one was about three weeks. I think that has been a fairly normal time for us.

What is the average time frame for a person to receive the title to their car once a loan is paid off?

less than a month after that i would be calling

What is the average time frame for a person to receive the title to their car once a loan is paid off?

at least a week after you pay

What is the average time frame for a person to receive the title to their car once a loan is paid off?

Ask them when you make the payment, and don%26#039;t take any crap from them.

Closing mortgage loans?

Im new to the industry and have been a L.O. for about 1 1/2 months and would like to have some advice on how i can close some loans. I%26#039;ve pulled aps and went on some appointments, but those appointments seem to be more of a waste of time even though it was a learning experience. It seems like the leads from title is not working so well bc i am cold calling and not drumming up much business, what would be some alternatives to better qualify a potential client?

Closing mortgage loans?

There are several marketing techniques that are in use today.

Over the years I have been most successful if I manufatured my own leads.

#1 You can purchase leads from a lead provider normal cost is approximately $25.00-$35.00 per lead and there is a minimum purchase amount like about 100 per purchase. Some of these are retreads, so you are really guessing which are real or is this someone that just like talking on the phone.

There are cheaper ones but they have been around the block a few times. So you are really guessing on these leads.

#2 There is telemarketing, but then there is the %26quot;Do not call list%26quot; So you have to be careful there and not make a mistake or you will be sued.

#3 Advertise in the local newspaper that you are now in the business of doing loans

I suggest you secure your own leads by leaving the office and spending time in a area that you want to work and get to know the people that could be your future clients.

Find an area in your city that you want to work approximately 5,000-10,000 houses. Make you enough flyers to cover your area. If you have children this will be a good weekend activity for them as well as yourself. While walking the area passing out your flyers, if you see someone out doing the lawn or just out introduce yourself, give them one of your cards. See if they are willing to give you their name and email address so you can email them, on a monthly basis, things about the mortgage industry as well as your monthly newsletter. Place any information you collect in a data base that you should start.

Your flyer should tell them a little about you a few of the loan programs that you will be offering and introducing. This is an introductory flyer that you can make on your computer. You can get them ran off at Staples or Office Depot.

You should pass these type flyers out at least 3 months in a row. This will let them know that you are sincere and look as if you will be there for them.

You should also visit the local commercial places in the same area. Find out if they will allow you to place a flyer holder in their business, give them one of your business cards, find out their

name, write it down you never want to forget it because they will become one of your partners. buy something even if you are gonna give it away and don%26#039;t need it. Do this to as many commercial businesses in the area as will allow you to place a flyer holder in their place of business. You will find the flyer holders at Staples or Office Depot..

Call the post office and inquire about their bulk mailing stamp. Get one and learn the system of bulk mailing.

Also call your title company and get them to provide you with the names of the people in your area that you have been passing out your flyer.

Remember your data base you were starting and now should have over a thousand names that you alone should have been able to get if you have been walking the area.

Once you have passed out the flyers for at least 3-4 months start you a newsletter covering topics on the mortgage business. Get articles from your local newspaper as well as off the internet. Just remember to give credit to the author of the article. You might have a doctor, lawyer or some other professional to help you on your articles. Charge them for the articles, about 50% of the cost of the newsletter.

Now remember the businesses that you had your flyers in and you now know their names because you have been there to change your flyers about 2 times per month. Place your news letter in these businesses also.

The best thing about these businesses is now you want to see if they will advertise in your business newsletter being sent to the local area in which their business is located. You should be able to charge them about $45.00 to $50.00 per business size card advertisement. Try and get them to place a coupon in the flyer offering some type of discount if the customer bring the coupon in to their store.

Now you will need a professional team to assist you in your business. You will need an attorney, a notary, a title rep, an insurance agent that sell homeowners insurance policies and a real estate agent. You should pass out their cards to your clients that need their services and they should pass out your business cards to their clients that need your services. This should give you a steady supply of referrals. This should not be a one way street, they should be helping you as much as they are in the habit of helping you. So you might have to change your professional team to get what need to be accomplished.

Now that you have your bulk stamp, your newsletter and your data base that you have now added from your title rep to the names you had already. You are now ready to mail or email your newsletter each month.

Don%26#039;t forget to offer your clients a FSBO package, where you will qualify their possible buyers if they are not pre-approved already. You will want to assist them in setting up an open house where you will be there to assist potential buyers and most importantly pre-approve all those that come to look at the house that aren%26#039;t. This will give you a steady source of leads also. This should always be in your monthly newsletter that you will assist all those that want to sell their own property. You can charge them $500.00 for providing escrow service, title services, appraisals and other services they will need to close the transaction. With the $500.00 you should be able to place an ad in the local paper of all open houses you will be conducting on the 2nd and 4th weekend of each month or whatever weekend you chose to have open houses.

What ever you do, don%26#039;t try to talk them out of selling their own home, you are there to assist and get to the clients that need pre-approval for loans to purchase homes. They would not be at an open house unless they were considering buying. Always have an ample supply of 1003%26#039;s on hand.

I hope this has been of some help to you, good luck.

%26quot;FIGHT ON%26quot;

Closing mortgage loans?

This is a good place to start. I%26#039;ve picked up a few loans here by answering questions with thorough, knowledgeable answers. You need to give the impression that you are an expert so people will trust you.

Start networking. I have very few Realtors in my network--most of my referrals come from bank employees (they often turn down bad-credit applications), and financial advisors (oddly enough, most %26quot;financial advisors%26quot; know very little about mortgages--they sell insurance primarily).

Always follow up with your customers; ask them for referrals.

Get a website with a secure application and promote it whenever/wherever you can.

Register to answer questions at www.mortgage-x.com.

Skip%26#039;s answer sounds good, but none of that ever worked for me.

Good luck.

Rick

http://www.fairwaymortgagelending.com

Closing mortgage loans?

Hey Bro Listen, you are into a game of big boys? If you are going to get tired soon in 3-4 months its better to leave the stadium Now... I don%26#039;t want to demotivate you but this is one of the hardest job for most of the people specially when they start up! Now realistically your goal should be 2 Loans a month, actually it depends a lot on what state you are in but yea 2 Loans is something i would suggest you!

Well, taking few applications sure help you to get good experience, you need to understand every application you take is not going to be a closing.

Now in order to boost up your things you also need invest some money (If possible). I would suggest you to go ahead and try some Live Transfer Leads with Impressive Leads. They are actually great, with their Live Transfer Leads, they guarantee you 100% Contact ratio and around 70% of the application ratio and now if you are good at selling loans you can always expect some good closing ratio all day Long.

I mean, i am seriously impressed with their services as they dont%26#039; have any minimum and few other things (Including their Replacement policy)

Well, go ahead and visit the website i am sure it will get you more details, here is a link or you can email then at Info@ImpressiveLeads.com

Closing mortgage loans?

I would make relationships with realtors in your area. I would %26quot;pound the pavement%26quot; and hang flyers or doorhangers. I would go to a data marketing company and buy a list of county records about homes and loans in your area.

And I would absolutaly not go to %26quot;impressive leads%26quot; that guy anwsers the same anwser for every question. The website can%26#039;t even spell correctly.

Work you area, work your realtors, work your street, and work your neighbors.

Keep pushing

Bob

Can i get a loan in pa using my rv title as collateral?

As long as it is worth enough (LTV will probably need to be less that 80-90%), you have the income to support the loan, %26amp; acceptable credit, why wouldn%26#039;t a bank give you a loan?

I have a car title in my name and my sons name. Have a new loan with just his name on it. How do I t

Basically I am just wondering how to change the title into his name, without paying unecessary taxes.

I have a car title in my name and my sons name. Have a new loan with just his name on it. How do I transfer?

you need to go to the dmv with the title in hand and your son they will show you where to sign and what form to fill out just say you are giving it to him as a gift and there should be no sales tax on it, but you will have to pay a small titling fee

I have a car title in my name and my sons name. Have a new loan with just his name on it. How do I transfer?

It all depends on #1 if you have the title in your hand #2 how it is worded on the title. If is says your name or your sons name it is simple. (Example Tom Smith or Tommy Smith) all you would have to do is on the back of the title You would fill it out like he is selling the car to himself. That is the easy way.Differentt states havedifferentt laws however and I know for sure that you can not sign the title over to him if you are in a loan. The reason why is because you do notactuallyy own the car if you have a loan out on it still the bank that loaned you the money does. I would contact your Local officials to get the best answer for your state or your local car dealer. :)

If I am on title on a home, can I be added to a home loan without refinancing?

This is if I am on title, credit scores are similar. Is there some sort of addendum that can be done like when you take over payments of a car note.

If I am on title on a home, can I be added to a home loan without refinancing?

No you can not be added to the note without refinancing. Mortgage loans and car loans are like comparing apples to oranges.

If I am on title on a home, can I be added to a home loan without refinancing?

I take it that the interest rate on the current loan is low and you want to take over the loan. There are a couple of ways to do this:

1. place the property into a trust and take over the trust.

2. use a wrap around mortgage also called an All inclusive trust deed or deed of trust.

I paid off auto loan with bank and have my title, now bank is telling me, that they messed up and I

Can I be held responsible for their screw up. I have sold the truck. What can I do. Please help.

I paid off auto loan with bank and have my title, now bank is telling me, that they messed up and I owe 10000.

You know if you%26#039;ve paid off the total or not. If you didn%26#039;t, then you owe the money. If you paid it off, show the bank your proof (canceled checks and/or receipts, etc.) You don%26#039;t need a lawyer. That will just cost you money.

You signed a contract with the bank when you financed your car. Just because they may have a made a clerical error doesn%26#039;t relieve you of your obligation.

I paid off auto loan with bank and have my title, now bank is telling me, that they messed up and I owe 10000.

Did you pay off the note in accordance with the terms of the original contract? If not, it appears that you owe the bank $10,000 and will probably be sued if you don%26#039;t pay it.

Administrative errors rarely negate the terms of the original contract.

You should consult with a lawyer.

Collection Agencies & Non Collateral Loans?

about 5 years ago I got myself into trouble with mainly credit cards with maybe $15,000 in default.(Not Very Proud if it.)

A few just wrote it off %26amp; 2 Got a Judgement from the courts %26amp; one Collection Agencie had the Seriff come for a Asset sale.

Only thing I could do was file Bankrupcy. #7.

Now that I can breath again,my wife wants to refinance house with me on Title this time.

My concern is that some how some way even 10 years after filing Bankrupcy they will try to collect on the defaulted credit card loans %26amp; put a lein on the house and force us to forclose.

Thanks in advance for your input.

Collection Agencies %26amp; Non Collateral Loans?

If the debts were listed in the bankruptcy filing, they cannot collect on them.

However, if you have not re-established credit, your wife may find that she can qualify for a much better interest rate by herself than with your name on the title as well.

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

thanks to all for the replys so far. If the mother in law has rights to 1/3 of the house, then she should pay 1/3 of the loan ?

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

You have to refinance to add her name to the loan. Her name can not simply be added, or removed from a loan contract. A whole new contract needs to be drawn up.

And no, there is no law that requires everyone on the deed to be on the mortgage.

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

I guess its just personal choice. You do have to refi in order to get the 3rd person on the loan. Why is she on title if shes not on the loan? I dont see how that would benefit you and your wife. Sometimes spouses will have one on the loan and the other not, due to credit... but they both remain on the house. I feel like there is something you are not telling us.

What I would do is have your mother in law sign a quit claim deed taking her off of the title. Seems like the cheap easy way to solve the problem. Or if she lives there, put her on some rental agreements. Either way, I wouldnt want anyone on title to my home other than my wife. Period.

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

NO..Usually I would advise that you do not change the mortgage. Now, if you need to refinance to get a lower interest rate.. Then it will require a complete remortgage..with all 3 names on it.

As to whether your mother in law should pay 1/3 of the loan.. does she live there? Why was her name put on the house? what is your agreement with her? all of that needs to be answered prior to a definite answer

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

It is not nesscessary, but I see your point....make her pay if she wants to stay.

If 3 names are on title and only 2 names on morgage loan, should I change to all 3 on morgage loan?

You would need to refinance, however, you can%26#039;t force her to sign a new mortgage. Legally, she%26#039;s 1/3 owner of the property....with or without a mortgage. How did she end up on the title in the first place?????

Title close?

I am a notary, I am looking for a class where they teach loan signing, so I can become a title closer.

Title close?

I think you want to be a title clerk or escrow officer. (The official title may vary by area)

Every closing I have been to, the person was a notary, so you have that part covered.

Inquire at a local title company, the ones in my area are always looking for good people. They train the right people. The best title company in my area has title clerks that will be flexible with their hours to do closings after traditional business hours. Also, it is a meticulous job, you have to be very efficient and dot each i carefully.

Title close?

I%26#039;m not sure about the law where you live, but in most states you need to be a Lawyer to run a closing, and a paralegal to run a viable title search. It will certainly take more than one class!

Title close?

The best way to get information on becoming a notary signing agent is to look at the national notary website: http://www.nationalnotary.org/. Also, check your state%26#039;s notary licensing website: they usually will list classes that you can take.

Deb

Title close?

Call a local title company and ask. You want to make sure there is not required education for your state. Try the link below if you just need a class for information.

Title close?

What you are referring to is commonly referred to as a %26quot;signing service%26quot; and it%26#039;s not a title closer.

That is where, when someone is willing to waive having the documents explained to them, you merely take the closing documents to their home/other location and witness the signature, notorize it, and then go make copies for the proper parties, and mail them out the same day or next day.

I personally, as a Realtor, HIGHLY advise clients against the use of this %26quot;convenience%26quot;...you are paying an attorney a hefty fee to explain the documents in addition to other services...and they need to earn it.

I was decreed house in divorce but loan is in ex name only my name is on title only.am i responsible

i am having financial difficulties and am filing bankruptcy in about a month my home is mortgaged in my ex husbands name but my name is on title and was decreed to me i was wondering if i am responsible for payment if my name is not on mortgage. I don%26#039;t know if i should include it in bankrupcy and just move and cut my losses or continue to pay and if i can%26#039;t make it in later time just leave or try to sell. I am not sure i will get what i need to pay mortgage out of the home. only 20.00 per month goes on principle. My ex left the usa for good so he don%26#039;t care what happens.

I was decreed house in divorce but loan is in ex name only my name is on title only.am i responsible for pmt?

the decree places the house in your name. pay your bills

I was decreed house in divorce but loan is in ex name only my name is on title only.am i responsible for pmt?

If you didnt sign the loan, you are no liable, however the house can be repossessed if you dont pay. If you do file bankruptcy, Id include the house debt in the bankruptcy ...just to be sure... There will be no questions then... and it wont cost any more to include the house when you file bankruptcy for your other debts...just tell the bankruptcy attorney about the house thing.

I was decreed house in divorce but loan is in ex name only my name is on title only.am i responsible for pmt?

You%26#039;ll be consulting a lawyer about the bankruptcy? I don%26#039;t think you can include a debt that isn%26#039;t yours on a BK. You%26#039;re husband is responsible for the mortgage, although you%26#039;re the one who%26#039;ll lose the home for non-payment. You need legal help. Don%26#039;t depend on answers you get here. We don%26#039;t know anything.

Does bank tell government agency to remove it as lien holder from the title when customer pays off t

In most states the lender holds the title on your vehicle until it has been paid off. Once you have paid off the loan, the bank will do one of 2 things. In states where the lien holder keeps the title, they will release the lien on the face of your title. They will either send it to you, or send it to the appropriate dmv office for them to release the lien in the state system. If you live in a state where you hold the title, they will mail you the appropriate lien release form.

Whatever the law is in your state, be sure that you follow up on the process. Too many banks lose or misplace titles, or simply do not follow through on the paperwork.

How do I get car title transferred to my name after 6 years after paying off loan?

I paid off my car in 2000, and got the title in the mail. I put it away not realizing that I needed to go to the notary with it, I just assumed that I was paid off and signed off by the finance co., it was mine. I want to sell the car now, and just pulled out the title. I know I need to get this in my name before I sell. Will there be any consequences now that so much time has gone by?

BTW, I am in PA.

Thanks.

How do I get car title transferred to my name after 6 years after paying off loan?

it should be already stamped on your title by the finance co., then you take it to the department of motor vehicles to be transfered into your name.you will have to fill out some forms.

How do I get car title transferred to my name after 6 years after paying off loan?

Probably not as long as the car is paid off. Call your local BMV

How do I get car title transferred to my name after 6 years after paying off loan?

call the bank and request your title

How do I get car title transferred to my name after 6 years after paying off loan?

It is in your name, and the finance company %26quot;released the lien%26quot;...

You need to get it notorized in order to sell it to the other person though.

How do I get car title transferred to my name after 6 years after paying off loan?

when you sell sign as lein holder and they will mail new tag in the buyers name to u then when you get all yo monie sign off