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Can you payoff a mortgage with a primossory note Back by a bond and a set off bond?
Wiki User
∙ 15y ago
Hello, I in fact we also used this financial tool or instrument to pay off two of our mortgages with Washington Mutual Bank and two lines of credit or helocs with them as well. The company that we used was Gateway International Inc.. They seem to be on the up and up and nobody can verify that are not including the FBI of which we checked with, in order to verify our trust in Gateway. We have certified mail receipts and original copies of the notes along with directions for the lender to redeem the notes for cash at the federal reserve. The package looks good to us, Washington Mutual did foreclose on one home and is in process on the other. When we asked the investor what the hell was going on he simply said that he has been through this before and he knows he owns the homes and has addressed the payoffs in his 2007 tax filings and the IRS has been made and is also aware of WaMu double dipping collection policy with its consumer mortgage loans. We are under the assumption that is is illegal to proceed with foreclosure and to take possession of the homes after they had already been paid off in full, almost six months ago. The crime being that WaMu has three days to return the note if they were not going to accept it. They indeed did not, 2nd they re-keyed our home and took possession of six months after accepting payment in full. They never returned the notes to the investor, and they now have been paid in full and have possession. I am looking for a very large settlement when this is all said and done from WaMu. They have trashed our credit and taken our home and have done it to many others as well, Google it and see. I would only recommend this plan if nothing else could be done to save or sell your homes. Andrew
Wiki User
∙ 15y ago
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Does a chemical change take place when a chemical bond breaks and forms a new bond?
yes but only if the chemical change cannot be reversed back into what it was before...
Back bonding concept in inorganic chemistry?
it is a type of bonding which take place between atoms in a compound ;in which one atom has lone pair of electron and other has vacant orbital placed adjacent to each other. A compound which posses back bonding has pi bonding character because it occurs after formation of sigma bond. Usually ; back bonding causes molecule to get stable as it completes octet. for ex. in borontriflouride , back bonding causes decrease in bond length and increase in bond order.
What chemical bond that occurs when atoms share electrons?
covalent bond,coordinate bond and singlet bond
A type of chemical bond that involves the sharing of electrons?
A chemical bond that involves the sharing of electrons is a covalent bond. A nonpolar covalent bond is the type of bond that involves the most sharing.
What type of bond is a EE?
The EE bond is a nonnegotiable security against the credit of the U.S. Treasury--nonnegotiable because once it is purchased, it cannot be resold to anyone else, but may be sold back only to the government at a fixed price.
What is the features of a mortgage bond?
A mortgage bond is a bond that is secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually considered high-grade, safe investments.
Are mortgage bonds secure bonds?
A mortgage bond is a bond secured by a mortgage on one or more assets and are typically backed by real estate holdings. In a default situation, mortgage bondholders have a claim to the underlying property and could sell it off to compensate for the default. However, the value of the property may decline.
Give sample agreement of a mortgage bond?
kasunduan sa pagsangla
Is a mortgage considered a bond type security?
No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.No. A mortgage is a loan secured by real estate.
What is a mortgage bond?
There could be multiple answers depending on the context of the question. One common use is to refer to a bond that is backed by a pool of mortgages. The bond produces an income to the investor and the income comes from the mortgage payments made by the borrowers for the loans that are backing the bond. An asset backed security would be another phrase.
Can you take out a mortgage to pay off loans that you already have out?
yes, when you take a second bond on your mortgage your pay less interest rates so that is the better option
Where can I find a list of US mortgage rates?
Mortgage rates vary continually depending upon the bond markets. They are also impacted by your credit score, the size of the mortgage loan and other factors. BankRate.com and LendingTree.com have various mortgage rate quotes available.
How are home mortgage rates calculated?
Mortgage rates are calculated based on the 10-year Treasury bond. This mean that usually when bond rates go up so do interest rates and interest rates are part of what we pay when we pay our mortgage. Mortgage rates are also calculated based on how much of a loan we need to finance our home purchase. One will pay an interest rate on the loan amount.
What is a used car bond?
It is a bond that a dealer has to buy to guarantee titles to vehicles. For instance if they take a car in on trade that has a payoff on it and they sell the car without paying off the note and then go bankrupt you would go after the bond money to pay the loan off. In most states only a small bond (around $40k) is required.
What is the best way to find out who actually owns your mortgage?
If you are paying a service company, ask them. It may be that there is no simple answer (e.g., your mortgage was bundled and sold to investors as part of a mortgage bond). If you are looking to do a loan modification, ask for the company's loss mitigation department.
What does the term bond funds refer to?
Bond funds refer to debt investments. Debt investments are mortgage securities and goverment. In other words it invested in some sort of debt.
What are bond funds, and where can I get them?
A bond fund is an investment in bonds and other types of securities. There are many different types of bond funds such as those based on treasury securities, or mortgage bonds. You can buy these through any reputable online trading website or from a stockbroker.
