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What Happens If I Try To Quit Claim Deed A Property W/ A Balloon Payment Mortgage That Hasn't Been Paid Off?

Question by nij3l | Posted in Renting & Real Estate

im in california - how will this strike the title, the mortgage, and the legal aspects? thanks!
thanks for your answers!
If none of that was done, would that inferior it probably was not recorded?
Is there a law that says it must be

Answer: The mortgage is not effected, it is still valid and they can still foreclose on the holdings.

The deed goes to whoever it claimed over to, as well as the title.

 
 

What Is A Balloon Payment Mortgage?

Question by indiechick | Posted in Renting & Real Estate

I present the wikipedia page but I'm still not sure I understand. How long would the mortgage be for? I'm assuming there's a big payment due at the end, but what is the idea? What happens if you can't pay it? Are they good? Bad?

 
 

Can You Do A Balloon Payment On A Mortgage And What Are The Consequences?

Question by reni768 | Posted in Renting & Real Estate

Me & my retain are looking to buy but I was wondering if you could do a balloon payment or something on a mortgage so that your payments would not be so much from the start? I know at sometime in the next 5 - 10 years we would refinance and could

Answer: I extremely recommend buying a house you can afford with a regular immobilized rate mortgage. Anything else is only going to lead to trouble.

 
 

Balloon Mortgage Payment Due In July 2010!?

Question by jessdeal80 | Posted in Renting & Real Estate

I currently have a 3 year note on my family and have been faithfully paying for three years...never been late or missed a payment! During the close by three years, my ex-husband let his car (which was financed in both of our names) get repossessed.

Answer: If you do not handle or pay the note as you agreed they foreclose, just like it says there on your arrangement.

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I Have A Balloon Payment Coming Due On My Home Mortgage, Should I Refinance Or Pay Cash?

Question by larry floyd | Posted in Personal Finance

What help or difference would it make on my income tax, etc. I am retired and may wish to tell on and move in a year or so?

Answer: While there are many guidelines, it's by your own financial situation that dictates when it's time to refinance. This can be dishonest, as there are many factors surrounding refinancing that will have a bearing on whether now is the best age, or whether

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Mortgages : How Does a Balloon Payment Mortgage Work?

In a balloon mortgage, the payment is due within a specified era of time that is usually no less than one year and no more than five years ...

9 Things You Should Do Before Applying For A Balloon Mortgage ...

by barbwire

9 Things You Should Do Before Applying For A Balloon Mortgage: Mortgage balloon mortgage is a tiny outmoded,, balloon mortgage refinance , large five to seven years. It also serves as a set in any event mortgage when you see your monthly payments, but at the end of the assumptions agree, the absolute payment much larger than the other charges is a unqualified weight will allowance.That some things to observe before applying for a balloon mortgage.1. What you require to do to take? appositeness for a balloon mortgage is compare favourably with to a automatic mortgage, and it is probable that, balloon mortgage refinance, the same documents that any other mortgage. However, you should ask your lender will sine qua non documentation at one's disposal.2. What is interest? As with other mortgage you requisite to identify what interest under any circumstances. Balloon mortgage accommodation is regularly immovable era. Sometimes this can be to discredit interest rates in the early years, but it in the end depends on the lender and you should get this message before commitment.3. "When the equalize is...

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