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Citifinancial

Executive Compilation By John Noble

Indiana Follows The Lien Theory Of Mortgages
Executive Summary By John Waller

The issue was whether a mortgagor’s / borrower’s unilateral execution and recordation of a quit-claim deed effectively transferred the real estate to the mortgagee/lender. Although the case involved residential property, the rules and holding are equally applicable to commercial real estate and business borrowers. Citifinancial held a mortgage on the property. The borrower/mortgagor, in an apparent effort to avoid municipal liability, executed and recorded a quit-claim deed purporting to abandon the property and transfer title to Citifinancial. Citifinancial, however, never “acknowledged transfer of the property” or took “responsibility for maintaining the property.” Evidently, Citifinancial simply ignored the quit-claim deed.

Indiana mortgages, generally. Indiana follows the “lien theory” of mortgages. Title to property cannot be transferred to the mortgagee unless there is a foreclosure and sale (or a deed-in-lieu of foreclosure). Indiana defines “foreclosure” as a legal proceeding that terminates a mortgagor’s interest in property. In Phillips, the borrower executed and recorded a quit-claim deed in order to surrender the property, but no foreclosure took place. The Court held that the borrower could not compel the mortgage holder to accept the surrendered, quit-claimed property and that the borrower continued to be the owner of the property, with all the rights and obligations. The City properly enforced its property maintenance codes against the borrower, not the lender, as owner of the property. Impact on commercial cases. A secured lender may, for a variety of reasons, not want the property, particularly by quit-claim deed, until the property is run through a foreclosure.

Tips on Getting an Instant Secured Personal Loan Online
Executive Summary By Franklin F Simanjuntak

Did you know that you can get an instant secured personal loan online? There are so many offers on the internet regarding having an instant secured personal loan. So if you really don’t want to, be sure that you understand first what’s written on the agreement of your instant secured personal loan before signing it.

Interesting but Terrible Story. Let me share you an interesting true-to-life story which is related to instant secured personal loan. A guy was so excited to have his instant secured personal loan. The Lenders. Now, if you’re ready enough to find your instant secured personal loan online, you should also know which company you’re going to run to. There are two companies that I can suggest. Capital One can be considered a good company for instant secured personal loan because they usually lend money as long as you give them right collateral.

Discover the Best Credit Card Rates
Executive Summary By Morgan Hamilton

Are you interested in getting the best credit card rates available to you? Are you concerned with comparing credit card companies so you can see who actually has the best credit card rates? There are many ways that you can learn about the rates offered by credit card companies. But the best and easiest way to compare credit card rates is to go online. This website has very detailed information available on different credit card companies. Now we will go over some of the credit card companies on this website that offers the best credit card rates. This card offers low introductory credit card rates of about 3.99 percent. Citi Financial Mastercard offers great credit card rates. The last card we will look at is Discover card. Discover card offers varying credit card rates. Just remember that credit card rates for people with bad credit are often much higher than rates for people with good credit.

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