All Posts Tagged With: "liability"
What Kind of Foreclosure Title Can I Expect?
With huge numbers of foreclosed properties now available for sale you have to wonder what type of title you might expect if you purchase one of these distressed homes. The lender selling REOs (real estate owned by a bank or other lender) does actually care how you own title, What it does care about is [...]
3Mar2010 | Peter G. Miller | 0 comments | Continued
10 Questions To Ask Every Empoyment Agency
What should you expect from an employment agency? It’s not an easy question because employment agencies offer a variety of services to a variety of job seekers and a range of businesses. Some agencies specialize in entry-level positions or in given professions. Others are generalists. Also, of course, there is the question of whether or [...]
2Jan2009 | Peter G. Miller | 0 comments | Continued
Should I Co-Sign A Cousin’s Mortgage?
Question: I have been asked to co-sign a mortgage. I am not thrilled by this request, but because a cousin is buying I have a sense of obligation to help. If I co-sign, what percentage of the loan must I re-pay if the buyers default? Answer: Co-signing a loan is a serious matter. In essence, [...]
10Nov2008 | Peter G. Miller | 0 comments | Continued
What Are The Obligations Of A Mortgage Co-Signer?
In general terms, being a co-signer on a home mortgage means that the lender can go after you to repay the debt if a foreclosure does not cover the loan balance and all costs. In the usual case, each co-signer is responsible for repaying 100 percent of the unpaid loan amount, not just a proportionate [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
Buy-Backs: Keeping Lenders On The Hook
Did you ever wonder what happens to lenders when mortgages fail, when someone gets foreclosed? Lenders know, and for them there are lots of sleepless nights. “When loans go bad borrowers can be foreclosed. Meanwhile, investors such as pension funds, insurance companies and others who own loans can lose money,– say James J. Saccacio, Chairman [...]
26Aug2008 | Peter G. Miller | 0 comments | Continued
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