Questions in "Mortgages"
May 31, 2011, 2:51 pm
Hi,
I recently closed on an FHA refinance of my home loan. I thought I did anyway. The broker that sold me the mortgage already sold it to another company. He called me at the last minute however and stated that the HUD wouldn't insure my loan due to the house paint failing inspection. It is peeling and I was going to do something about it after I refinanced. I am forced to either peel and paint the house myself or find someone who will do it in order to pass inspection. The mortgage broker...
May 24, 2011, 6:23 pm
Hello, A friend of mine is selling a Mortgage Note that he took back using owner financeing. Is it legal for him to do and can he get into trouble for including the buyer's social security number? He lives in South Alabama. Am I right in assuming that anytime you sell a note, etc, the buyer of your note has a right to the SSN for credit purposes. need to know...
January 15, 2011, 1:38 pm
ok--here is a tough one!!--my babys mama,owns a home,a lien was placed on it for 15k due to her moms failure to tell anyone the taxes were unpaid for a while!!--jeeze!-anyway, thats another story,,,,well my parents have a friend in real estate,his boss purchaced the lien to avoid the lien being exercised and them loosing the house for 15k--he gave them the stipulation that the house would be listed with them and sold --lien paid off everyone is happy!--(he gave her6 mos to either have the house...
January 3, 2011, 12:39 pm
HELLO,
MY QUESTION IS CAN A MORTGAGE COMPANY RELEASE A MORTGAGE ON A HOME AND THE HOME OWNER OWNS IT FREE AND CLEAR??????????????????????????? I NEED AN ANSWER ASAP. THE JIST OF THE STORY IS LISTED BELOW.
my mortgage company voluntarily released the mortgage on my home, they said the home was mine free and clear . the release has been recorded at the county register of deeds.
i am so much in shock, i cant believe, i have been in contact with a cust rep who has been handling my file.
December 8, 2010, 5:05 pm
My elderly mother sold a house she owned and carried the mortgage and received the payments from it. She is now 86 and has moderate alzheimers and the house has been paid off. What do I need to do to finalize the paperwork? I have POA and can help her with...
November 9, 2010, 10:01 pm
Your best source for FHA loan agents...
July 13, 2010, 6:04 pm
My husband and I have thought about selling our current home and buying a slightly larger home. We're hoping to make enough of a profit to put a substantial down payment on the new home. But I'm worried that if we sell our house first, we will not be granted a loan on a new home because of late mortgage payments on our current home. We're not behind in payments, just a few days late every month because of the timing of our paychecks. Also, our combined credit is not so great. Will we be able to...
July 7, 2010, 4:15 pm
Hello,
My wife and I have divorced and I was awarded the house and obligated to pay payments alone as of May 1st. I can't afford the home alone. I've tried to assume the loan on my own and tried to modify the loan and have been denied for both. The bank actually recommended I do either a short sale or deed in lieu of foreclosure. My exwife has been contributing to half of the mortgage since our divorce was final in fear of hurting her credit since she is still on the mortgage and title. My...
April 22, 2010, 10:28 pm
Two years ago I bought a condo in a condo conversion
So the developer is hiding in another country. The hoa says that there is 3.5 million in catastrophic damamges to be fixed. Basically all the exterior walls of the condo buildings need to be repolaced. SO we have the best attorney in the state working with our board but really the lawyers are telling us each homeowner has to pay a 45K assesment. We bought the condo as is...
Damn if we do Damned if we don't
Don't pay it and fix issue the
February 16, 2010, 12:58 am
Back last August of 2009 we did a loan modification with Bank of America on our house. I though our taxes and insurance was included in loan modification but was not. We got a bill for 1700.00 dollars for 2 years of taxes and insurance. I can afford to pay this I'm on disability so is my wife. If we don;t pay this and just pay our house pmt with out essrow can the bank forclose on our house. We will pay taxes and insurance ourselves staring Jan of 2011. Pls advise thks Wallace...
