This website uses cookies to ensure you have the best experience. Learn more

Tittle Theory Essay

1335 words - 6 pages

Unit 6 – Assignment 02/23/2014

Statutory citation:

Mass. Gen. Laws Ann. Ch. 244, §§ 14, 17B, 18, and 35A (Ch. 183C, §9 for high cost home mortgages), and it was amended on August 3, 2012.

Title Theory is a property law doctrine that a mortgage transfers titles to a property to the mortgagee, who holds it until the mortgage has been paid off. In other hand, the Lien Theory provides that a mortgagee of property holds only a lien, and not a title to the property until such time the mortgage is fully paid. The difference between these two theories are that in a Lien Theory the buyer retains the deed to the property, and in the title theory, the bank or finance company is ...view middle of the document...

3) Service members Civil Relief Act Complaint – The lender will file a complaint under the Service member Civil Relief Act in Land Court or Superior Court stating lender’s intent to foreclosure.
4) Publication of Sale – The Lender must publish notice of sale in the newspaper, which needs to include: identification of mortgage, date, place, time of sale, and description of property. This notice must be published once a week for 3 consecutives weeks before the sale, beginning at least 21 days before the sale.
5) Notice of Foreclosure Sale – Lender must send the Notice of Foreclosure Sale via certified or registered mail at least 14 days prior to the foreclosure sale.
6) Foreclosure Sale and Record Sale – Includes where the actual sale must take place at the date, time and place specified in the notice of the foreclosure sale. This sale must be conducted by a licensed auctioneer and normally high bidder wins. The parties executed a foreclosure deed, and the deed should be recorded at Registry of Deeds.
7) Post Foreclosure – Any excess proceeds from a Foreclosure sale must be paid to the homeowner; if a Foreclosure sale did not pay off the entire mortgage, the lender may pursue homeowner for a deficiency judgment. Homeowner is not required to move at the time of sale. The Homeowner may be able to negotiate with the new owner for time and relocation costs, although they have no legal right to demand it. The new owner can bring an eviction in court against the homeowner. The new owner cannot evict the homeowner without a court order. A homeowner always has the right to ask the court for more time to remain in the home.

A Foreclosure is the last option you want to take in your home. There are different types of loans that could help you avoid a future foreclosure. For example, the FHA and VA loans are backed by the government and each one have distinct characteristics. A VA loans are guaranteed by the government and are only offered to qualifying veterans and surviving spouses. A VA loan offered advantages to borrowers who qualify. For example, the VA streamlines refinance (also known as a VA to VA loan, or an interest rate reduction refinancing loan, or IRRRL). Borrowers who have a VA loan and meet certain criteria can refinance at a lower interest rate when the new rate hits the market.

FHA Loan (Federal Housing Administration) is available to all borrowers and is guaranteed by the government. Traditional lenders issue the mortgage itself, but the government insures the loan against default. For this reason, lending requirements are less stringent and down payments can be much lower (lower as 3.5% of the purchase price). The markets lowest interest rates are not available for FHA loans. There are other different types of mortgage loans, and it offers different terms, risks and benefits.

• Fixed-Rate-Mortgage Loan – The interest rate for a fixed rate mortgage remains constant for the duration of the loan....

Other Essays Like Tittle Theory

The Versatility And Flexibility Of OLED's

1014 words - 5 pages In April 1, 2002, organic light emitting diodes gain rise in the scientific community with their published, more practical form at Ames Laboratory. “Scientists at the U.S. Department of Energy's Ames Laboratory, in collaboration with scientists at the University of Michigan, Ann Arbor, have developed and demonstrated a novel, fluorescence-based chemical sensor that is more compact, versatile and less expensive than existing technology of its

Comparing The Moral Virtues Of Antony And Julian The Apostate

1103 words - 5 pages Roman emperor Julian the Apostate and Christian leader Antony both exhibited many qualities of character during their existence. Both of them led very distinctive lives although shared several ethical values. Book 25 of “The Later Roman Empire” and the book “Early Christian Lives” show concrete evidence of this. In the following essay, I will argue how both leaders’ lives were devoted to their religious beliefs and their mutual cardinal virtues

Living In A Cashless Society

1637 words - 7 pages Money in a traditional sense no longer exists. Money is becoming much of a concept than a physical material, and most ordinary bitter have not see the reality of the switch. People today are using credit and debit cards on a regular basis and in everyday situations such as meal purchased at fast food, highway tolls, clothing, groceries, gas stations, etc. all of these means of systems could be regarded as a cashless society or world. The question

The French And Indian War: The "Real" First World War

1955 words - 8 pages The Seven Years War, or more commonly referred to as “The French and Indian War”, has been called the true First World War. In this book The French and Indian War: Deciding the Fate of North America, the author and historian Walter R. Borneman paints a detailed and elaborate picture that justifies the claim of it being the first true war of global proportions. If ever there truly was a climax to the never ending feud of the European powers

Is The Use Of Animals In Medical Research A Necessary Measure?

1513 words - 7 pages research (Thomassen 2). During his time, religion played a main role in society, making people believe they were supreme rulers over all other living beings on the earth as stated in the bible. Because of this fact, humans and animals were not linked and research was conducted only to learn more about non-human species. It was not until 1859 when Charles Darwin came up with his theory of evolution that human and animal body systems were connected

Education And The Evolving Job Market

2363 words - 10 pages The lives of students today are changing. They are preparing for lives and jobs that have never before existed. If teachers hope to have a significant and worthwhile impact on these quickly changing lives, they must change the way they think, prepare, and instruct our future generations. Children cannot afford to have teachers who remain stagnant in their methods and ideals. Students crave instructors that are willing to allow them to tap

Young And Relentless

1737 words - 7 pages There are numerous influences that can be responsible of teenager’s behaviors and attitude as they develop. One factor that is important to these behaviors is parental figures being over involved or uninvolved in their children’s lives. Many of these effects include illegal substance abuse, rising sexual activity, underage alcohol consumption, and tobacco use. Studies show parental participation plays a key role in the characteristics developed

The Natural Law Theory

1231 words - 5 pages Obeying by the natural law theory is the only true and moral way to live life; especially a life lived in God’s image. God’s presence is a guiding factor to obtaining a moral and virtuous life, which can only be obtained by following the natural law theory. God created a set of laws as a supreme guide for humans to live life, like any law these laws were created to ensure wellbeing for everyone. The laws he created are the civil law, the natural

Resolved: Presidential Signing Statements Threaten To Undermine The Rule Of Law And The Separation Of Powers

1811 words - 8 pages The subject of signing statements has created much debate among the houses of Congress, government officials, and the public alike. These signing statements fall under the categories of constitutional and legislative history signing statements. Constitutional signing statements are those in which the president deems certain provisions of the legislation as unconstitutional, therefore they should not be enforced (Bradley & Posner, 2006

Oppressive Systems Of Government In Egypt And Animal Farm

1529 words - 7 pages As in Egypt, Orwell demonstrates through his allegorical novel “Animal Farm” that leaders are able to establish and maintain power over a people, and in turn create an oppressive and corrupt government system. Orwell shows the significant difference in the education and levels of knowledge in the animals, and how the government takes advantage of this difference. The split between the levels of intelligence is portrayed in the first chapter when

The Pathway To Psychosis

1415 words - 6 pages “How all occasions do inform against me” is a line from act IIII, scene IIII of William Shakespeare’s Hamlet. This line, spoken by Hamlet, expresses his emotional state as he is currently overwhelmed by the death of his father, the king of Denmark, and the situation surrounding it. After Hamlet learns of his father’s death he finds out that his mother has married Claudius, Hamlet’s uncle. On top of all of that, Hamlet soon after

Related Papers

Social Learning Theory Essay

1075 words - 5 pages is a criminal participating in or performing a crime or if it is a child accepting a dare from their elementary school peers, the social learning theory is a solid base for the social development of any individual. “In explaining human behavior, particularly that in violation of social norms or laws, sociologists often implicate learning” (Tittle, 2004). In this case, the explanations and the theories that are being represented do not recognize

Useful Medicinal Compounds Derived From Animals

658 words - 3 pages Tittle: Useful medicinal compounds derived from animals 
 In modern medication, monoclonal antibody has been used to treat various kinds of disease. For cancer therapy, monoclonal antibody is extremely success. Monoclonal antibody, an immune protein with specific binding site and purified from mouse, can bind with target protein (Campbell NA, 1996). Such as: Specific antigen, growth factor and so on. As tumor cell always avoid immune system

Hofstefede Essay

3129 words - 13 pages Netherlands, which means power is distributed more equally, and a person is not what his job tittle states. Although Lebanon, because of its arab culture is a Collective society, the same can not be said about The Dutch; who are more individualistic with a score of 80. This means, people in this country are supposed to look after them selves or their close family to the maximum, and business decisions are made on a mutual advantage as well as only on

The Separation Of Capital Ownership And Control

1577 words - 7 pages become more common as well, the so-called “agency problem” has been concerned and examined more frequently from wider aspects. The common theory agreed by literates is that they consider that hired managers do not have to act exactly as they promised to security holders to maximize wealth of the firm; instead, they will try to deviate by adding self-interest of their own (Macey 2008). Fama, however, argued that managers should behave rationally and