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Recent Owners Title questions

In Texas, closing on a house and have questions regarding the

In Texas, closing on a house and have questions regarding the closing costs. They want to charge me prepaid homeowners insurance for 12 months ($1675.00) plus another 3 months homeowner insurance ($419) as "Initial Escrow Payment at Closing". That seems ridiculous. First, why are they entitled to 1 yr homeowner insurance premium? I can see the lender wanting insurance on the property; however, once I obtain the insurance that should satisfy the lender. How I pay for the premiums is between me & my homeowner's carrier. Second, is lender double dipping by asking for 12 months plus 3 months monthly insurance premium?Another question, what's the purpose of Title Insurance? Is it mandatory I purchase Title Insurance? What is Mortgage Insurance? Is that mandatory? What is difference between Owner Title Insurance and Lender Title Insurance? Thank you for assisting me in answering these questions.

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Maverick

Doctoral Degree

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I worked really hard to get the car of my dreams And i found

I worked really hard to get the car of my dreamsAnd i found it. When i got the car it wasFrom one of those small used car lot placesAnd it turns out they never titled the carThey just put a dealer plate on the car and the i ended upBuying the car and they just passed on the original owners title to meSo i was so happy about getting the car i overlooked a slight information blunder on the original owners title and he lives in another state and i called the place i got the car from but now i get no reply from them and i am out all this money and a nice car sits in my driveway. Hiw can i fix this?? Please help. Thank you

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William B. Esq.

Attorney

Doctoral Degree

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19,010 satisfied customers
When is it more appropriate to file for information or accountability

When is it more appropriate to file for information or accountability to the court from another party & why one of the below is used versus another.1. Subpoena2. Interrogatory3. Discovery motion4. Or other method?

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Roger

Litigation Attorney

Doctoral Degree

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33,162 satisfied customers
I am about to refinance a loan, today. The Bank has changed

I am about to refinance a loan, today. The Bank has changed the GFE numbers (origination fee and credit to buyer) shortly before the closing day without me approving it. I can't make them change it back. What are my options and the relevant law?

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LegalKnowledge

Juris Doctor

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29,040 satisfied customers
In Missouri, if you cosign an installment loan for a vehicle,

In Missouri, if you cosign an installment loan for a vehicle, are you required to be on title or can you sign without needing to have ownership in the vehicle?

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Lucy, Esq.

Juris Doctor

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29,484 satisfied customers
My ex wife and I were divorced in 2009. In our divorce agreement,

My ex wife and I were divorced in 2009. In our divorce agreement, I took over the car payments of the car that she drives. Both of our names are XXXXX XXXXX the lien. She carries her own insurance. She hit a deer a few days ago. It's possible that the car is totaled. Being that I am financially obligated for this car, I asked her for her insurance information so that I can call them to be copied on the reports and have some decision making ability over second estimates and what not. She refuses to tell me anything about what is going on with it. She, of course, doesn't want the car to be totaled because she would then have to purchase a car with her own money. I am worried if the car isn't totaled, I'll then owe $14,000 on a car that has almost no value. What are my rights here, being that I am still the lien holder of this vehicle? Can the insurance company do anything without my OK? Is she wrong doing by refusing me any information about what is going on? We live 5 hrs apart so that makes it even more difficult. Is it possible that the insurance company would cut her a check for the damages that she could use for something other than repairing this car and I'd still be paying for a wrecked car? Thank you

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

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45,556 satisfied customers
I just repossessed my 2004 GTO from my son in law...how long

I just repossessed my 2004 GTO from my son in law...how long do I have to wait before I refinance the loan...I'm in Az.

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TexLaw

Attorney

Post-Doctoral Degree

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On 2010 my girlfriend, co-signed for a car for me, she has

On 2010 my girlfriend, co-signed for a car for me, she has been threatening me that if i miss one payments or get to b late on a payments she will take it away.. can she legally do that?

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Alex J. Esq.

Managing Attorney

Doctoral Degree

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21,532 satisfied customers
my mom in law has her name on my car loan. we had a verbal

my mom in law has her name on my car loan. we had a verbal agreement that I would make the monthly payment, pay for the up keep and registration. When the car is full paid off that she would turn the title in my name as the owner. Now with 12 payment away she is telling me I have to have the 12 payment made in 3 months or I have to turn the plates in to the DMV. She states she longer wants to carry the car insurance policy in her name. 1) if there is a lean on the car per loan agreement she has to carry insurance on it till the car is paid off, correct? 2) if she has paid off the car and there is no lean on it can she add me as co-owner to the title? Then can I legally get the insurance policy in my name? feeling not safe with our verbal agreement how can i write and what do I write in a written contract with her now?

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Andrea, Esq.

Attorney

Post-Doctoral Degree

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13,982 satisfied customers
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