A Syracuse couple is accused of tricking vulnerable homeowners into signing
over deeds to their homes while leaving victims stuck with the mortgage, according to a lawsuit filed by the state Attorney General's Office.
Bear in mind that this will require you to put up something of value as collateral, usually either the title to your vehicle or
deed to your home if you are the owner.
The unmarried two give each other presents: mechanic Hank offers
the deed to the home they share, while travel agent Frannie gives them tickets to Bora Bora.
I assume
the deed to the home is in your name, and your parents do not have a lien on the property in any way?
The secured loan will require you to pledge security against repayment of the loan - as in
the deed to your home or other valuable property.
Until your name is officially removed from
the deed to your home, either through foreclosure or by surrendering it in bankruptcy, you are responsible for insurance, homeowners association dues, etc..
Additionally, if you are on
the deed to the home or if your state has dower laws entitling you to the home through marriage you may be pursued for collection of this debt.
It is another lien against
the deed to your home.
The most common form of collateral is the asset purchased with the loan (e.g. the title to a car,
the deed to a home, equipment purchased for a business, etc.).
The most common form of loan security is the asset purchased with the loan (e.g. the title to a car,
the deed to a home, equipment purchased for a business, etc.).
Prepare additional copies of critical documents such as birth certificates, adoption papers, marriage licenses and
the deed to your home for safekeeping and inform a trustee, relative or attorney of their location.
The deed to the home to transfer ownership of the property to you will also be signed.
The application process formally begins after counseling, once you provide the lender with your loan application and the signed disclosures as well as required information, including verification of a Social Security number, a copy of
the deed to your home, information on any existing mortgage (s), and a signed counseling certificate (signed by both the homeowner and counselor).
BEWARE of scams that promise to invalidate the mortgage or cancel debt, especially any that call for you to transfer
the deed to your home.
Signing Over
The Deed To Your Home To «Save» Your House — This sounds backwards from the start.
Do not sign over
the deed to your home, even if facing foreclosure.