Re: Quit-claim - Is this in your mortgage contract? Does it even apply considering regulation J?
- but does the contract even apply after the lender converts the note
by assigning/selling? I've heard that Regulation J states
something like the 'contract' can no longer be enforced after
lender sells/converts the note into 'legal tender' thru assign/sale
of the 'note.' This is only common sense, since the 'lender' would
have been compensated by this assign/sale thus your obligation to
pay them would be satisfied AND the fact the note then becomes
"just like cash" or "M1 money" and was a free gift from you to the
lender without compensaiton or payback.... -TM
--- paul <mountainrose@...> wrote:
Something you should know. In the deed of trust contract you signed
there is a clause that reads something like:
you will not assign,transfer or otherwise sell your interest/rights
in the property without lenders approval/knowledge.
When you quit claim your house into the Oxford trust, you just did
what you agreed not to do regardless of the merit of the Oxord
trust attoney legal arguments And if you refinance then they can
potentially say you profited from that act and accuse you of fraud.
Dorean is a zero sum game. At some point There will be one winner
and 1 loser, winner take all, loser loses everything
Redemptive Dominion Missions
(Overseer: Todd Michael; Haus Von Weisser)
Temporary Post location: 8223 South Quebec, I-138,
From without the city-state of: Englewood  Colorado,
sojourning on Planet Earth, under the Law and Jurisdiciton
of the Kingdom of Heaven
Old Website: http://www.angelfire.com/sd2/rdm
----LEGAL CONFIDENTIALITY NOTICE:
This document along with any attachment(s) is intended only for the individual or entity recipient that is named above. If you are not the intended recipient, as specified by the sender, you are hereby notified that any disclosure, copying, distribution or the taking of any action in relation to the contents of the information contained herein, is strictly prohibited, and you are commanded to destroy this document in its entirety, and notify the sender. Access to this document by any other person or entity is unauthorized. "All rights are reserved, Without Prejudice"
Do You Yahoo!?
Tired of spam? Yahoo! Mail has the best spam protection around