Home Equity Loan – Beware of the lingering lien!

Written by Charles Essmeier


A problem that often arises when people try to refinance their home isrepparttar discovery of a pre-existing lien from a previous loan that was not removed byrepparttar 136981 lending company. The cost of removing a lien and returningrepparttar 136982 title torepparttar 136983 homeowner, a process known as reconveyance, is usually included in fees associated with a home equity loan. Whenrepparttar 136984 loan is paid off,repparttar 136985 lender is generally responsible for removingrepparttar 136986 lien, so that public records showrepparttar 136987 property to be unencumbered.

There are various reasons for whyrepparttar 136988 lien isn’t always removed – oversight onrepparttar 136989 part ofrepparttar 136990 lender, especially during heavy periods of refinancing, is oftenrepparttar 136991 problem. Occasionally,repparttar 136992 problem can arise when a lender is sold to another company or when that lender goes out of business. No matter whatrepparttar 136993 cause, a lien that hasn’t been removed can come back to haunt a homeowner.

If a homeowner is inrepparttar 136994 process of refinancing a home and discovers an old lien that hasn’t been removed,repparttar 136995 entire refinancing process can be held up for weeks. This can be critical ifrepparttar 136996 owner is trying to lock in an interest rate prior to closing. The problem

Moneynet blasts high street travel agents for exorbitant insurance premiums

Written by Moneynet


Moneynet blasts high street travel agents for exorbitant insurance premiums

* Holidaymakers taken for a ride with ‘extortionate’ high street travel insurance premiums * Single trip premiums not regulated by FSA – consumers vulnerable * Buying online cheap, convenient and transparent

Holidaymakers are today advised to avoid buying costly insurance from high street travel agents.

Online financial comparison site www.moneynet.co.uk shows in its latest figures that major high street players like Thomas Cook, Thomson and Travelcare, which between them account for around 70 per cent ofrepparttar travel insurance market#, levy premiums that are typically twice as expensive as buying cover online (see results below).

“There is no excuse for travel agents to charge these exorbitant prices,” said Moneynet Chief Executive Richard Brown.

“Single trip travel insurance can be obtained direct from a broker at very reasonable prices. The difference in price can in our view only be accounted for byrepparttar 136980 commission that some agents are taking fromrepparttar 136981 insurance company. As usual it isrepparttar 136982 consumer who loses out because of travel agents’ greed.”

Brown also warned holidaymakers that they are not fully protected byrepparttar 136983 Financial Services Authority when buying single trip cover fromrepparttar 136984 high street.

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