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Subject:
Mortgage Loans
Category: Miscellaneous Asked by: ok4now-ga List Price: $10.00 |
Posted:
26 Nov 2005 03:10 PST
Expires: 26 Dec 2005 03:10 PST Question ID: 597705 |
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There is no answer at this time. |
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Subject:
Re: Mortgage Loans
From: knucklesrt-ga on 27 Nov 2005 09:09 PST |
Payment will not need to be made until funds are disbursed. Most likely the title issue will be corrected before the 1st payment of the mortgage is due. The borrower can cancel the loan only if they decide to purchase a new property.Using the title issue as a reason to get out of the contract. The loan is not holding up the title issue, the seller is. Therefore, switching lenders is not going to help. |
Subject:
Re: Mortgage Loans
From: mortgage_guy-ga on 21 Dec 2005 12:55 PST |
The borrower can't cancel, unless there's a problem with they paperwork and they are forced to re-sign the rescission paperwork. What's the recording being held up for? You said there's a problem with title...the title company will NOT release funds until their title issue is squared away...otherwise it's on them...that's what title insurance is for. Clarify your question a bit more and I might be able to help you. |
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