Easily Hide Option Choice in the Assignment Of Mortgage

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How to Hide Option Choice in the Assignment Of Mortgage

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hi this is the business guy with asset protection planners and lawyers limited would you like to set up an llc and make sure your name isnt all over it for people who want to sniff around to sue you if you already have one or more llcs maybe its too late once your name is on the company its game over even if you change the manager your name still appears in the history of the company and people can tie you to it say you have eight different llcs all with your own name each one owns a different rental property somebody sees you have eight llcs and the next thing they do is say hot dog weve got somebody with deep pockets lets go after him or her were talking about how to keep your llcs anonymous so nobody knows you own them but you ive been in the asset protection from lawsuits field since 1991 and bring you my personal experience our company started in 1906 we have attorneys on staff and have employees nationwide and if youre watching this on youtube please click the like bu

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do I hide assignment fees from buyer?

Set up an LLC as the buyer, not you as an individual. Then sell the LLC to the person that you would normally be wholesaling to for whatever your assignment fee would be. At closing, the buyer never changes, and there is no wholesale fee to hide.

Do you have to refinance to remove someone from a mortgage?

Removing a cosigner or co-borrower from a mortgage almost always requires paying off the loan in full or refinancing by getting a new loan in your own name. Under rare circumstances, though, the lender may allow you to take over an existing mortgage from your other signer.

Does removing your name from a mortgage hurt your credit?

Removing a borrower from the loan doesnt change the way the property will be titled nor does it prevent the person removed from being released of any liability should something happen to the primary borrower. Removing a borrower simply removes the lower credit score from being used when rate pricing.

How do I get my spouses name off the mortgage?

There are 2 ways to remove a spouses name from the mortgage: Release of liability You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan. Refinance The only other option is to refinance the mortgage.

Does assignment of mortgage mean foreclosure?

An assignment of mortgage gives the loan sellers rights under the mortgage, including the right to foreclose if the borrower doesnt make payments, to the new owner of the loan.

Can you remove someones name from a mortgage without refinancing?

If you cant refinance your existing mortgage, your lender may require you to pay off the loan in full in order to remove someone from a mortgage. This closes out the loan and removes your name as well as any co-borrower or co-signer from the mortgage.

What does assignment of a mortgage mean?

What Does Assignment Of Mortgage Mean? An assignment of mortgage is a legal term that refers to the transfer of the security instrument that underlies your mortgage loan aka your home. When a lender sells the mortgage on, an investor effectively buys the note, and the mortgage is assigned to them at this time.

How to get someones name off a mortgage without refinancing?

You usually do this by filing a quitclaim deed, in which your ex-spouse gives up all rights to the property. Your ex should sign the quitclaim deed in front of a notary. Once this document is docHubd, you file it with the county. This publicly removes the former partners name from the property deed and the mortgage.

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Hide Option Choice in the Assignment Of Mortgage