All Posts Tagged With: "owners"
Mortgage Modification or Refinance — What’s The Difference?
Is it better to modify a mortgage or to refinance? While both result in new loan terms, the two choices are very different. When you refinance a mortgage you replace an existing loan with a new one. There’s no need to negotiate with the old lender because his mortgage claim will be extinguished. However, borrowers [...]
25May2010 | Peter G. Miller | 0 comments | Continued
Who Pays Foreclosure Fees?
The foreclosure process is a big business, a reality which is not good news for those who face the loss of their home. However, who pays various foreclosure fees and costs depends on who winds up with the home. Missed Payments If an owner has missed one or more payments the lender will threaten to [...]
24May2010 | Peter G. Miller | 0 comments | Continued
What’s the difference between “owners” and “lenders” title insurance?
“Lender’s” coverage is required by, well, lenders. It protects lenders against title defects up the value of the outstanding loan amount — less and less each year. “Owner’s” coverage protects against title defects up to the amount owed to the lender, plus the value of the owner’s original equity. Some policies go further and increase [...]
24Aug2008 | Peter G. Miller | 0 comments | Continued
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