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According to the Anti Deficiency laws, anti deficiency laws applies to the refinanced first mortgage as long as the property is used as a primary residence of the purchaser.
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∙ 12y ago
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I refinanced in the year 1998 and I need to have the first mortgage cancelled which is Fleet Mortgage Company. How do I contact the bank who acquired the mortgages from Fleet?
I found a news release on the web that indicated in 2001 Washington Mutual acquired Fleet Mortgage A
Will you be liable for the first and second mortgage if you do a grant bargain and sale deed?
You are responsible for paying off mortgages you granted on your property. Any buyer would have the title examined, the mortgages would be disclosed and the proceeds of the sale would be used to pay off the mortgages before you get any surplus. If you want the buyer to take the property subject to the mortgages you must make arrangements with the bank IF it agrees to allow the assumption of the mortgages. Most lenders do not. If the mortgages aren't paid the bank will foreclose, take possession of the property and go after you for any deficiency. Your credit will be ruined.
What is piggyback mortagage?
A type of mortgage where a second mortgage or home equity loan is taken out by a borrower at the same time the first mortgage is started or refinanced. Piggyback mortgages are frequently used to lower the loan-to-value ratio (LTV) of a first position mortgage to under 80%, thereby eliminating the need for private mortgage insurance (PMI).
What services are offered by Lloyds TSB Mortgages?
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What services does Natwest Mortgages offer?
Natwest Mortgages offer mortgages for first time buyer. They are located in the United Kingdom and offer a vast varieties of services for young couples who want to purchase their first home.
When should your first monthly payment be due after a auto refinance?
You will need to ask the individual that refinanced it for you.
What companies offer commercial mortgages?
Many different companies offer commercial mortgages. The first step you may want to take is speaking to your bank to see if they offer commercial mortgages.
What companies offer mortgages to a first time home buyer that has bad credit?
Finding a company that offers mortgages to a first time home buyer that has bad credit is not an easy task. Mortgagedigger, govhomeloans and operationhope are companies that offer mortgages to a first time home buyer that has bad credit.
What is the current mortgage rate for Nationwide Mortgages?
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What was the Home Owners Loan Corporation?
The Home Owners' Loan Corporation was a program that was begun in 1933 as part of the New Deal. It refinanced home mortgages that were in default through no fault of the borrower, but because of the dismal economic conditions during the Great Depression. The HOLC was a government-sponsored program which issued approximately one million loans in its first two years. The HOLC gradually wore out its usefulness, becoming replaced by direct reduction loans and other types of mortgages, and had folded by the early 1950s.
What are the first two codes in the code of ethics for government services pertain to?
loyalty
What types of mortgages are offered by Halifax UK?
Halifax UK offers a variety of mortgages which include first time buyers, if you are moving your home, remortgaging, switching mortgage deals, buy to let, additional borrowing, and help with existing mortgages.
