Can I Junk A Car If I Dont Have The Title?

August 21, 2009 by admin  
Filed under Apartment

My grandpa bought cars all his life.. as he got older, he began forgetting alot.there are some cars he forgot to get the titles for. He passed away 1 year ago,, weve had to sell over 40 cars he had sitting around in properties he owned around town. We have 10 left. I have 2 cars that do not have titles. Im told i have to do alot of paperwork and a court appearance to fix this in order to sell it. Im in Texas and the car is a 1994 cadillac seville. very nice car so i dont want to junk it. the other is a 2004 crown vic

How Come Mortgage Lenders Don’t Want Foreclosure?

August 18, 2009 by admin  
Filed under Apartment

I am refering to if the loan thats due is worth significantly less than the value of the property. So in that case, why would a lender not want to sell this property and gain all of the profits from the sale?
Like in Texas, if the borrower misses 3 months of payments. Property is worth $300,000. Missed payments, plus the entire loan is $250,000. So why would a lender not want to either sell this property at a tax deed auction or sell it afterwards if their were no bidders? Since they would gain all the profits from the property either way.
If they would not want to go through this foreclosure process given my example given, then would it be possible for me to buy their loan from the lender and have the property go into foreclosure so I can reap the profits?
Tell me what I am not understanding please.