Closing mortgage loans

Monday, October 26, 2009

Can a person on the title but not the mortgage stop me from refinancing?

I have a loan contract with a person on the title (individual property grant deed) in which the contract for the loan %26quot;shall continue until the property is sold%26quot;. Even though I am not selling the property, I have offered a buyout amount for his 10% share and he is threatening to block any refinancing unless I meet his demand for a buyout amount. We differ on the appraisal amount of the property. My appraiser was approved by my lender and is a Certified Residential Real Estate Appraiser in California and I have no idea if or what type of appraiser he used. Can he do this even if he is not and will not be on the original mortgage or the refinanced mortgage? Would it be better to rescind the offer and just wait to pay him when I sell at a later date? Please let me know if you have any ideas on how to handle this situation.

Can a person on the title but not the mortgage stop me from refinancing?

Yes. The person on the title can block your attempt to refinance.

You can wait to sell, but he will have the same veto power over any contract offer as well.

Can a person on the title but not the mortgage stop me from refinancing?

SOUNDS LIKE YOU NEED TO CONTACT AN ATTORNEY FOR LEGALITIES. SORRY

Can a person on the title but not the mortgage stop me from refinancing?

He can block you. You have your appraiser. He should have his appraiser. Next let the 2 appraisers select a third appraiser. Then take an average of all 3 appraisal. That should be fair.

Can a person on the title but not the mortgage stop me from refinancing?

HMMMM is correct. He can stop the sale.

Buying a car while bank has title?

I am buying a car from a guy. He owes $5K to his bank and I am paying $6K. Bank has title. In CA.

What do I need to make sure I get the title?

Is a bill of sale enough? How do I make sure the guy pays the remainder of the loan to the bank and I get title?

Please specify forms and what not if you know them.

Thanks in adavance.

Buying a car while bank has title?

Need to use a title transfer company to act as an impartial third party to ensure money and paperwork flow in the right order. Seller usually pays for the service, which isn%26#039;t much. The title company will hold the cash while transferring the title in the buyer%26#039;s name. They will also check to see if there are other liens against the car.

Buying a car while bank has title?

THIS IS NEVER A GOOD IDEA! YOU COULD 4500 ON THIS VEHICLE AND THE 1ST OWNER STILL HAS LEGAL RIGHT TO THE CAR. YOU MAY HAVE A CIVIL CLAIM TO VEHICLE BUT WOULD NEED TO GO TO COURT. ALSO THE BANK MAY REPO THE CAR IF ORIGINAL BUYER IS NO LONGER IN POSSESSION. ON THE BACK OF BANK CONTRACT IT STIPULATES NO SUBLEASING OF VEHICLE. THIS COULD BE A MESS. ALSO THERE ARE ISSUES REGARDING NEW TAGS AND PROOF OF INSURANCE

Buying a car while bank has title?

Don%26#039;t buy the car until he has paid it off, and has the title in his possession. Yes, a signed and notorized bill of sale will help if you don%26#039;t get the title from him, but if he is unwilling to actually give it to you after YOU paid the car off, you will probably have to take him to court. And the bank will NOT send you the title because at that point you don%26#039;t own the vehcle. If he wants to sell it that bad, tell him to get another loan to pay it off. And not to use the car as collateral. (otherwise that bank will get the title!!) Or get it from a relative to pay off the car. But don%26#039;t get involved with this car until you see a clear title. It may seem like a bargin, but if he doesn%26#039;t have clear title to the vehicle, it isn%26#039;t. I am not from California, but have done motor vehicle work in many states, and I don%26#039;t know what forms you will need. But basic common sense and logic say you can%26#039;t sell what you don%26#039;t own. He does not own this car, the bank does until he pays it off. And you won%26#039;t own it until he signs the title over to you after it is paid off. Stay away from this %26quot;deal%26quot; if you don%26#039;t want a lot of trouble, hassle and court dates to get the title.

If you decide to do it anyway....well there is a bridge that goes from New Jersey to New York I can sell you real cheap!!! Send me 6000.00 and I will get you a title to it!!!

I need a $300 loan and I have a car title as collateral?

I need it by Friday and I live in Ohio. Serious answers only please.

I need a $300 loan and I have a car title as collateral?

Look in the yellow pages for companies that do either payday loans or title loans. If you live in a good size city there should be quite a few of these. Alternately, you can do a google search for car title loans. I did and found a number of firms who offer this service across the US.

I need a $300 loan and I have a car title as collateral?

How do you suppose you would give me the title by tomorrow which is friday, and you need the money by tomorrow, please explain. Look at pawn shops. If the car is worth something you will have no problem with a pawn shop that deals in those types of things,

I need a $300 loan and I have a car title as collateral?

Go to your local bank or credit union and see if you can get a secured loan.

DO NOT go to the places that advertise %26quot;Title%26quot; loans, these companies are just as bad as the Payday loan places in interest and fees. Also, do not get any loans through anyone who advertises on this site. They will require some fee to be paid in advance but if you send it you will not see the loan or the money you had sent them.

I need a $300 loan and I have a car title as collateral?

$300 isn%26#039;t really a lot of money, definitely not worth risking your car over, but the fact you need the money by tomorrow is quite a big time crunch. Here%26#039;s a few options:

a) Borrow the money from your parents or a friend and pay it back as soon as you can. This is by FAR the most preferable option.

b) Head to a local pawnshop and pawn off some old DVDs you never watch any more, or other things you could live without.

c) Go to the bank and apply for a quick credit card

d) Go to a bank and ask about small cash loan options

e) Go to a payday advance or quick loan place (Do not do this unless you absolutely have to, they *will* rip you off)

Incidentally, what do you need the money for? Unless it%26#039;s rent, bills, or something else that absolutely has to be paid immediately or it%26#039;ll affect your credit, it may be a good idea to hold off on getting whatever you%26#039;re planning on buying until your financial situation is more stable. Spending money you don%26#039;t have is rarely a good idea.

I need a $300 loan and I have a car title as collateral?

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

http://best-loans.awardspace.com/

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

I need a $300 loan and I have a car title as collateral?

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I need a $300 loan and I have a car title as collateral?

Hi.

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How do I remove someone from the title of my home?

I purchased a condo last year with my ex-boyfriend (who I was dating at the time). Since our breakup, he%26#039;s done nothing to take care of the property, and I%26#039;m sick %26amp; tired of it. The condo is being rented out, but I%26#039;ve been doing all the work (taking care of problems, paying mortgage etc etc). All I want to do is get him off of the title so I don%26#039;t have to deal with him anymore. We split the down payment at the beginning, but I am the sole carrier of the loan, and we are both on the title. I would really appreciate any legal advice on the best, cleanest way to get him off the title without too much complication. Thanks.

How do I remove someone from the title of my home?

If he wants off the deed he can sign a quit claim deed to give up his rights to his half of your property.

How do I remove someone from the title of my home?

Ask Bill Handle here: http://www.handelonthelaw.com/RadioQuest...

How do I remove someone from the title of my home?

A Quit Claim Deed will remove him and is the cheapest and easiest way. Contact the title company where you signed your loan documents.They would be fully aware of your vesting status as well. It can cost between $ 50-100 depending on your need.

Since he paid half of the down payment your looking at a fight. His interest in the property is that portion of the down payment. If he wont sign the deed to remove his name, you will most likely need to buy him out. Do you have that amount of money just in case it came to that?

I am not a lawyer, but a residential mortgage closer. I have been one for 6 years. I have seen it all, you would be shocked at the tales I could tell you. It may get ugly, be prepared to contact a real estate lawyer. Consultations are usually free. If you had a lawyer at your signing of the purchase for your condo contact that lawyer if you still have contact with him/her. I really hope everything goes smoothly for you. Good Luck!

How do I remove someone from the title of my home?

OK you will need to do a quit claim if he does NOT want to much money and you can pay him out of your pocket. But if you can not you can refinance in your name only and buy him out if you have enough equity in the property. But I would do the quit claim first it is the easy and you can do this yourself with needed a counsel. Go to the court house get the forms from the deed of mortgages, get a notary to wish the signatures and you can have it recorded yourself. That is the least expense way legally but the fact of the matter is if he wants you to buy him out come to a figure you can pay out of pocket. If NOT you are looking at a refinance. With the market you will need to pray you home will appraise well.

How do I remove someone from the title of my home?

that person has to sign a quit claim.

How do I remove someone from the title of my home?

You need an attorney to help you. He needs to sign a %26quot;quit claim deed%26quot;, and I%26#039;m sure he will want money for that. You could try to get him to sign one on your own, but good luck.

How do I remove someone from the title of my home?

He%26#039;s got to agree to get off the title. A Quit Claim deed from him giving his portion of the property to you will get you what you want.

How do I remove someone from the title of my home?

This is the reason you don%26#039;t buy real estate unless you are married. Love comes and goes, but real estate lasts forever.

You need to get him to agree to give up his ownership. However, I don%26#039;t see any reason why. He owns 1/2, but doesn%26#039;t owe anything on the mortgage. He is in a win/win.

Plus, I%26#039;m sure he will want his 1/2 back from the downpayment - even if the value has dropped.

I would see what the property is worth today and see if you can buy him out.

My name is not on the title, can I claim it in my divorce?

I%26#039;m divorcing my husband and last year we refinanced the house. Because of my bad credit, my name could not be on the loan papers, but I did sign I was responsible if he defaulted on the loan. First, is my name on the title/deed? Second, can I claim 1/2 ownership of the house in our divorce?