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This sounds like another way of saying mortgage--the conveyance of property by a debtor to a creditor which, if the debt is not paid, can be kept by the creditor.
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When does a Deed to Secure Debt expire Georgia?
It will expire in 7 years if there is no 20 year clause.
How do you unsecure your debt once it is secure?
The first step to move secure debt to unsecure is to get a credit report to see how much unsecure credit you can obtain. Apply for different loans and use the unsecure credit to pay off the secure debt.
Is a security deed and a deed to secure debt the same thing?
Yes- those would indicate the same condition.Yes- those would indicate the same condition.Yes- those would indicate the same condition.Yes- those would indicate the same condition.
Where do you file a mortgage in Georgia?
Well Georgia is a Debt Deed state not a mortgage state. So if you have a debt deed to record you can do it at the clerk's office in the town , city or county where the property is located. Deeds will have to be filed there too.
When a spouse is borrowing money and the wife must sign the mortgage does her name have to be on the warranty deed?
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
What is a Rescission of security deed to secure debt?
This means that the escrow paid off the first trust deed using the money from a refinancing. The cancellation of deed to secure debt occurs if a person refinances their mortgage.
When does a Deed to Secure Debt expire Georgia?
It will expire in 7 years if there is no 20 year clause.
If a deed to secure debt in the state of Georgia is not recorded by a mortgage company is it legal and binding?
Georgia is a "race notice" state and uses a deed as the security instrument for a debt affecting real estate. What that means is any instrument that affects real property must be recorded in the land records to be effective notice against the world. If a lender fails to record a security instrument and subsequent liens are recorded against the property the subsequent liens take priority. If the error is discovered and the unrecorded deed to secure a debt is later recorded it becomes a junior lien if the borrower defaults. If the deed to secure the debt was still unrecorded and owner of the real estate conveyed the property by a deed to an innocent third party purchaser that grantee would own the property and the lender would only have a monetary claim against the debtor. Although the deed to secure a debt was not recorded it is still binding upon the property owner who signed it. This information is general information only. You should seek legal advice before making any changes in ownership.
What is the legal definition of self-cert mortgages?
The legal definition of a self-cert mortgages is where the owner/buyer transfers to the lender an interest in real estate allowing the lender to secure a repayment of their debt.
What is the definition of debt consolidation loans?
Debt consolidation loans are loans taken out to repay other debt, typically this is done as a means to receive a lower interest payment or secure a fixed interest rate. Debt consolidation loans can also allow for discount, generally when the debtor is near to bankruptcy.
How do you unsecure your debt once it is secure?
The first step to move secure debt to unsecure is to get a credit report to see how much unsecure credit you can obtain. Apply for different loans and use the unsecure credit to pay off the secure debt.
If a relative who is on the deed to your house owes an outstanding debt can the debt collector put a lien on your house?
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Is a security deed and a deed to secure debt the same thing?
Yes- those would indicate the same condition.Yes- those would indicate the same condition.Yes- those would indicate the same condition.Yes- those would indicate the same condition.
Does recording a title secure an interest in real property?
Recording a mortgage secures an interest in real estate.The instrument used to convey property is called a deed. Recording a deed transfers an interest in real property as long as the grantor in the deed has an interest in the property. The grantee on the deed acquires "title" to the property by virtue of that deed. Having the title to the property examined by a professional title examiner confirms that the person signing the deed owns the land.In order for a creditor to secure an interest in the real estate as security for the debt, they should have the debtor sign a note and a mortgage. That should be accomplished with the help of an attorney who specializes in real estate. All the owners of the property must sign the documents.
What is a secure account?
Lying alongside a debt
What is the definition of the term medical debt?
The definition of the term "medical debt" is debt that has been incurred due to health care and procedure costs. You can learn more about Medical debt at the Wikipedia.
Where do you file a mortgage in Georgia?
Well Georgia is a Debt Deed state not a mortgage state. So if you have a debt deed to record you can do it at the clerk's office in the town , city or county where the property is located. Deeds will have to be filed there too.
