until written notice of revocation has been given by the Corporation to the Lender, and the…
Next, it was time for us to shop for a new home. I was excited and anxious to shop for our first home. Unfortunately, I was unaware that the housing market in Houston, TX was flourishing and it was very competitive. On my quest for the perfect house, I looked at several beautiful homes. I found one in particular that I liked, and it was a foreclosure. I decided to place an offer on the home. However, only a few days later I was informed that I was outbid by another buyer. Since this was the first home I placed an offer on I did not foresee the outbidding being a major issue. We decided…
The corporation ran into financial trouble a year after the loan was extended. The corporation was unable to make the mortgage payments as a result the mortgage went into default. The bank turned to Ebbers and demanded payment. Since Ebbers was unaware of the new contract he is not bond to the contract anymore so therefore the bank cannot demand payment from Ebbers. The bank now has to go to the new president and board of directors who signed the refinancing and demand payment from them. In my opinion I think that Ebbers does have the right not to have to pay the bank because he was unaware of the new contract and the parties that signed the new contract with the bank should have to come up with the…
Due to the workload produced by month end closing, any orders placed in the last week of any month are looking that they will not be invoices until the following month.…
Real tax (Wake County) is $3 per day. You pay seller for remainder of year. April 27 is the 117th day of the year.…
The Cleavers receive the Nelsons’ proposal from October 5th and respond via email asking a question regarding the offer for $525,000 with a 15% down payment ($78,500) due upon acceptance of the Nelsons’ proposal. The Cleavers ask the Nelsons how firm they are on the 15% ($78,500) down payment and ask the Nelsons if they would be willing to lower it down to 10% ($52,500). What the Cleavers’ email legally does is put two offers between the parties. An inquiry and alternate offer does not get rid of the original offer, but places an alternate offer alongside of the original one. In other words, the Cleavers are not rejecting the Nelsons’ offer but are rather proposing a new offer without rejecting the last one. This effectively puts two offers between the Nelsons and the Cleavers. Now the Nelsons can choose to accept either one of these offers which would clearly make the remaining offer void. The Nelsons receive the email the same day it was sent and respond by mailing a letter to the Cleavers revoking the offer they made in the October 5th letter for $525,000 with a 15% down payment ($78,500) due upon acceptance…
The first and foremost issue has to do with the foreclosure issue. Unfortunately the bank is fully within its rights to foreclose.…
The contract - The clause - Any failure to close within 2 days of the stated closing date shall be deemed a breach of contract. Legal action against the buyer will ensue thereafter. However, if the buyer pays a non-refundable deposit of $2,000, legal action will not be taken, in lieu of retention of the $2,000.…
I spoke to the current title company and they said that they have the title commitment completed, they also said that Elisa Davis use to work there. If customer adamantly want to stop the process with Andrus Boudreaux I will send the work order Elisa Davis, however there are fees that the customer will acquire at closing if the initial title company is cancelled. .…
On 06/04/2016 you were sent a Change of Circumstance (COC) which showed your loan program changed to the SETH program. On 06/06/2016, you signed your Loan Estimate, and on 06/20/2016, you signed your Closing Disclosure. Your loan closed on 06/23/2016, and you were made aware prior to your closing by your loan representative that the MCC fee was not reflected on your Closing Disclosure statement. However, the above-mentioned documents did reflect the 1% origination charge and the $225.00 State Bond Application Fee.…
In a democratic government, functions of representation can sometimes become skewed or misunderstood. I will examine the different institutions of government including the legislature, the executive, the bureaucracy, and the courts pointing to their differences in trustee vs. delegate functions of representation.…
I supposed to received my check like 2 weeks ago; there was I mistake, I moved to a new house, but I did not change the address because I still have contract in the apartment so i though there were not be a problem. The situation is that my boyfriend changed his address, so the post office realize and that the all family moved. i have not receive any mails; I need to know if you can cancel the other check and send me a new one to the new address i just update in my Atlas…
Irrevocable for time stated max 3 months (if says it will be held open for 6 months, irrevocable for 3)…
• Research and resolve escalated high risk mortgage agreements that underwent foreclosure and modification process.…
Mortgages can be sold over and over many times. In fact, it is very common. Those of you that have ever owned a home, you may have experienced this when you are notified that your loan is being serviced by another lending institution. Your mortgage note was just sold, at a discount,…