asked:


I sold some vacant real estate for $65,000,$55,000 cash, then held the mortgage on 10,000 of it, at 10% for 5 years.The buyer has paid $1000 so far, and I am expecting a call from the mortgage buyer/realtor.How much should it be before I say yes.

West Los Angeles Homes

w2kwakeman asked:


I am behind on mortgage payments and have someone that wants to rent the house badly. They cannot pay the full mortgage payment every month but if I can send any type of payment to the mortgage can the company foreclose? They haven’t started pre-foreclure yet. What can I do?
No kidding…I am asking for help here not smart A#$ answers. We have asked for a short sale and they are dragging there feet (going on 7 months). We are trying to avoid foreclosure but it seems they aren’t.

Positive Real Estate News

Javi asked:


For a conventional mortgage, what should your credit score be? How low can it go for an aproval on a conventional mortgage?

Sacramento Real Estate

RobB asked:


For the past 4 years I have been buying my home from my uncle through an escrow service. The private mortgage does not show on my credit report, but I do claim the interest as a deduction on my taxes. I have placed that home on the market and I am purchasing another home. Will I be able to claim the first time home buyer tax credit since my previous mortgage was held privately?

Jersey Shore Homes

carinyosa99 asked:


Our mortgage was sold to a really crappy company. We have thought of refinancing, but then we realized we have a really good rate for another 18 months (we have a 5 year ARM) and won’t be able to find anything as low as we have now. It’s completely unfair that we don’t have a say in who gets our mortgage. I doubt we can have someone else buy it, but it was worth asking the question.
See my question about filing a complaint against a mortgage company and you’ll see why I **** them.

Real Estate News

Joe asked:


He went and signed my name on the legal mortgage papers, and the mortgage company knew about this. I had no clue, I just found out. The mortgage is on forclosure now. Do you have any solutions as to what I should do
Thanks so much for your input!

Chula Vista Ca Real Estate

miss P asked:


I want to put a 25,000$ cash down and I want to get a 30 year mortgage…I don`t know the rates yet but can someone just give me an idea of what would be my monthly mortgage payments? Thanks!

Malibu Dentists

mtnman717us asked:


Is there any good way to get out of an upside down mortgage? My ex wife currently owns a house that she really can’t afford. We refinanced the mortgage when we got diovrced 5 years ago. Since then, she has refinanced once more. With the current housing market where she lives, she owes more than she could get for it by selling at a reasonable price. Does she have any options to get out of the mortgage?
If my ex wife sells the house for less than she owes on the mortgage, and owes the difference to the bank, is that money owed at the time of closing or is it paid back as a personal loan?
I did try to help her sell it when we got divorced, knowing it was too expensive for her to maintain with her financial situation. My advice was not well received, as she wanted the status symbol of a big home. I no longer have any financial obligation on the home, so it is not my problem to resolve.
For anyone who wants to know my motive, there is no motive for me one way or the other. I don’t benefit one way or the other. I do care about my children though who live with my ex wife, and making sure they are cared for and have a nice, reasonable place to live. I pay my child support and she needs to also be able to adequately take care of them and share the costs of raising them.

Palos Verdes Dentist

Jeff asked:


I had a bankruptcy 4 years ago, and although I tried to reaffirm on my mortgage, the mortgage company did not sign the agreement. I have never missed a payment in 5 years nor have I been late.
However, these economic times lately have been very pressing and I’m thinking about walking away from the home. If I do, can the mortgage company come after me for anything or affect my credit any further?

Under Eye Bags

Deborah asked:


I have a house I need to get out from under. I may foreclose on it. Or, do a deed in lieu of a foreclosure. I want to file hardship due to the loss of my brother, whose income I depended on to pay for the house. My husband just passed away on the 3rd. I am living in his house. I cannot keep two houses. Can my mortgage company come after me for any money I received as a beneficiary?

San Diego Real homes

Andre K asked:


I need to refinance my mortgage or get a new one if I decide to buy a new home. Which mortgage co. is safe and reliable?

Hermosa Beach Dentists