I do not understand why there is a delay. The bank has loans outside of ways to work? With all that we do I for one do not want the task of doing the title work also. That should be done by your banking partner
Donette Whiting Norfolk, VA ----- Original Message ----- From: "Anita Corriveau" <[EMAIL PROTECTED]> To: "Loan Committee Discussion Group" <[EMAIL PROTECTED]> Sent: Tuesday, April 01, 2003 1:19 PM 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] >
