What If A Property Is Paid In Full With Cash

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• Keeping The Same Home Loan (Mortgage) Despite Transfer of Property Into Trust

  Many real estate investors perform a deal called 'subject to the existing mortgage' when purchasing homes from other people. What occurs is the homeowner Quitclaim Deeds their property into another's possession, without refinancing the loan into ...

• Can Someone Buy A Home If Paid Only In Cash

  It is possible to obtain a home loan despite being paid only in cash. Reporting this cash income on tax returns will be sufficient evidence for the lender as proof of income; however, some lenders will require a higher credit score and offer ...

• Can One Quit-Claim Deed The Property After Foreclosure Proceedings

  No. Even though the loan was fraudulent and they never lent any money, one cannot transfer property into a trust after foreclosure. No equity = No standing. Once title transfers, the mortgage company has the title to the home and there is nothing ...

• Can One Transfer A Clouded Title / Property Into Trust

  Yes, the transfer can still occur via a Quitclaim Deed (sells home as-is). An unpaid mortgage clouds title, but can still be transferred into a trust; however, the loan must be repaid in full to sell the property to any entity who requires financing ...

• Can This Be Done With A Mortgage

  No, because a mortgage has no liquidity of any funds paid into the loan, save a costly refinance or sale of the home. This is why 99% of Americans don’t pay extra on their mortgage.