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jmh2734 · Joined: 24 Jul 2008 Posts: 1 1.34 Dollars($)

Is it legal in Texas to amortize a loan according to the us rule?

Can you use the use the US Rule of amortization on a mortgage loan repayment in Texas? This type of amortization is also know as negative amortization.

Guest

I am not sure about that. Why don't you check it out by an attorney?

ckalvesmaki · Posted: Fri Jul 25, 2008 1:51 pm Post subject:

Neg Am loans are allowable in TX as long as the home is not an A6 property........however I do not believe this loan is offered anymore.

Guest

the title company kept our warranty deed for ten years and i asked her why and she said it came back in the mail and we just didnt bother sending it again. What do you think thats all about? Who records the release of deed of trust?

gmakerley · Posted: Sat Oct 03, 2009 9:51 am Post subject:

it's a bit odd, angela, but you're still the owners, so i'd think it's not particularly hazardous to you. the answer you got was a bit flippant, and i'd suggest you get back to them to let them know you're not happy. it may not reap a great benefit to you to do that, but someone else might profit from your doing so.

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