I don't understand why there would be a delay. How does the bank handle its' own loans? The procedure should be the same.
Robert M. Sukel Ways to Work Program Manager Family Services 212 E Exchange Street Akron OH 44304 (330) 376-9494 Ext. #214 [EMAIL PROTECTED] -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] Behalf Of Anita Corriveau Sent: 01 April, 2003 1:20 PM To: Loan Committee Discussion Group Subject: [WTW] Title Encumbrance Hi All, I am having extensive delays in closing secured loans (used car loans) with my servicing bank. It was recommended that I submit them as unsecured loans and hold the titles myself (Center for Family Services). What is the liability to the agency if we hold the titles (CFS as First Lien Holder)? What are the advantages/disadvantages? Thanks in advance for your input. Anita - Camden, NJ Anita Corriveau WAYS to WORK Family Loan Program Center for Family Services 584 Benson Street Camden, NJ 08103 856-964-1990 ext. 295 856-964-0242 fax [EMAIL PROTECTED]
