Archive for the 'Renting & Real Estate' Category
Thursday 11 March 2010 @ 6:18 pm
Die Bart Die asked:
Our realtor advises that only buyers with cash in hand can buy foreclosed properties at auction. There is a technical challenge buying if you need a mortgage as you have to be in contract to be able to get the mortgage approved. Is this true or is there a valid way you can get a mortgage and bid on a foreclosed property at auction?
Gps Systems
Our realtor advises that only buyers with cash in hand can buy foreclosed properties at auction. There is a technical challenge buying if you need a mortgage as you have to be in contract to be able to get the mortgage approved. Is this true or is there a valid way you can get a mortgage and bid on a foreclosed property at auction?
Gps Systems
Wednesday 10 March 2010 @ 7:56 am
Greatone76 asked:
I could use the help of potentially reworking my mortgage to be more affordable. It is possible for me to get by without doing so. If I do call my mortgage holder and rework my mortgage for a reduced interest rate or reduced principle how does that affect my credit score?
Westlake Village Homes
I could use the help of potentially reworking my mortgage to be more affordable. It is possible for me to get by without doing so. If I do call my mortgage holder and rework my mortgage for a reduced interest rate or reduced principle how does that affect my credit score?
Westlake Village Homes
Tuesday 9 March 2010 @ 8:03 am
asked:
Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.
Maryland Real Estate
Seems to me that PMI is very costly for the home owner, especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.
Maryland Real Estate
Saturday 6 March 2010 @ 12:11 pm
TexasBound asked:
I’m planning to relocate, but current owe a mortgage for $50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be able to get a second mortgage or refinance my current home in order to pay for a new one?
Cellulite Treatment
I’m planning to relocate, but current owe a mortgage for $50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be able to get a second mortgage or refinance my current home in order to pay for a new one?
Cellulite Treatment
Friday 5 March 2010 @ 11:59 pm
PrimeConcern asked:
Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher.
Given all the worries about credit in this country, and subprime mortgages, I was curious as to what the entire amount of home mortgage debt is. There are about 110 million households in the country, with 70% of them owned residences. Let’s say there are 75 million owned homes. Not all have mortgages, but if 70 million do, and the average mortgage amount on such homes is $200,000, that comes out to a scary $14 TRILLION of mortgage debt in the USA. If just 2% default, the amount of bad home loans is $280 billion. It could obviously be much higher.
Does anyone know what total mortgage debt is per household and in total? This is a real problem that could damage the economy.
Boston Condos
Wednesday 3 March 2010 @ 8:08 pm
buad0118 asked:
I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?
Chula Vista Home And Condos
I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?
Chula Vista Home And Condos
Tuesday 2 March 2010 @ 2:17 pm
Iñigo asked:
In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.
Ventura County Real Estate
In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.
Ventura County Real Estate
Wednesday 24 February 2010 @ 2:10 am
bcgarrett72 asked:
… as a first time Home Buyer ? My husband(military veteran) and i would like to buy our first home . It’s almost overwhelming with all the diffrent kind of loans / mortgages . We don’t know who to trust …?
Hawthorne Ca Real Estate
… as a first time Home Buyer ? My husband(military veteran) and i would like to buy our first home . It’s almost overwhelming with all the diffrent kind of loans / mortgages . We don’t know who to trust …?
Hawthorne Ca Real Estate
Tuesday 23 February 2010 @ 10:29 am
Nancy S asked:
I refinanced w/ my ex-husband on our home when going through our divorce in 2005. We did not want our 2 kids going through both a divorce and a move all at once -a decision i now regret. We did a subprime loan so I could afford the pymts. He is listed first on the loan. Per the divorce decree, he had to sign a quick claim on the house BUT I was to be moved out of the house by 07/10 and we’d split any equity. Well, the mortgage has gone up $400/mo since and there is no equity. Matter of fact we probably owe $20,000-$40,0000 more than what the house is worth. I signed off on this mortgage thinking we could sell in a few years but I did not know that w/ this loan, mortgage balance increases instead of decreasing. It started out around $220,000 and now is like $240,000+. I want to walk away from the property before another increase but what are my options? I’m not too worried about my credit at this point because it is no longer good from trying to keep up with these outrageous payments.
Sarasota Florida Real Estate
I refinanced w/ my ex-husband on our home when going through our divorce in 2005. We did not want our 2 kids going through both a divorce and a move all at once -a decision i now regret. We did a subprime loan so I could afford the pymts. He is listed first on the loan. Per the divorce decree, he had to sign a quick claim on the house BUT I was to be moved out of the house by 07/10 and we’d split any equity. Well, the mortgage has gone up $400/mo since and there is no equity. Matter of fact we probably owe $20,000-$40,0000 more than what the house is worth. I signed off on this mortgage thinking we could sell in a few years but I did not know that w/ this loan, mortgage balance increases instead of decreasing. It started out around $220,000 and now is like $240,000+. I want to walk away from the property before another increase but what are my options? I’m not too worried about my credit at this point because it is no longer good from trying to keep up with these outrageous payments.
Sarasota Florida Real Estate
Friday 19 February 2010 @ 10:49 am
Sung A asked:
Hi this is a story for my friend. My friend bought a property about two years ago. Now her monthly mortgage payment is almost double than first payment, also principal balance has increased (about$30,000) She asked loan expert to review her doc. Expert said that my friend is in MTA program which is really bad loan program.We didn’t know what that means.So my friend asked me to call a mortgage agent and title company(my friend used these people when she purchased property) to ask about MTA program. I was acting like a ordinary customer and asked about MTA. They both said”Oh my god,that is a horrible loan program. I bet you that if someone is in MTA program they should be in serious trouble.” My friend was shocked. OK Here is a situation .My friend was a first home buyer. She chose morgage agent to apply for a loan. Mortgage agent said”I will try to give you a better loan. Just sit back and relax” Also said” I know really good title company. Why don’t we use them” So my friend allowed.
At the settlement table nobody explained about the loan program. Title agent pushed and rushed to sign a settlement document. Even though there were a mortgage agent and my friend’s realtor(he was a rookie). It took about 15 minute to finish.Now I know that mortgage agent and title agent are close friend., also I found out that mortgage agent recieved a lot of commission from a lender because he put my friend in MTA program.
I don’t think this right. But I don’t know what to do. I really want to help my friend. Please help.
PS . My friend’s realtor and I could be a witness, because we were ther at the settlement.
*Someone will say that my friend was stupid because she didn’t ask any question about a loan…
She was a first time home buyer and we trusted that name AGENT&DUTY
San Diego Real Estate
Hi this is a story for my friend. My friend bought a property about two years ago. Now her monthly mortgage payment is almost double than first payment, also principal balance has increased (about$30,000) She asked loan expert to review her doc. Expert said that my friend is in MTA program which is really bad loan program.We didn’t know what that means.So my friend asked me to call a mortgage agent and title company(my friend used these people when she purchased property) to ask about MTA program. I was acting like a ordinary customer and asked about MTA. They both said”Oh my god,that is a horrible loan program. I bet you that if someone is in MTA program they should be in serious trouble.” My friend was shocked. OK Here is a situation .My friend was a first home buyer. She chose morgage agent to apply for a loan. Mortgage agent said”I will try to give you a better loan. Just sit back and relax” Also said” I know really good title company. Why don’t we use them” So my friend allowed.
At the settlement table nobody explained about the loan program. Title agent pushed and rushed to sign a settlement document. Even though there were a mortgage agent and my friend’s realtor(he was a rookie). It took about 15 minute to finish.Now I know that mortgage agent and title agent are close friend., also I found out that mortgage agent recieved a lot of commission from a lender because he put my friend in MTA program.
I don’t think this right. But I don’t know what to do. I really want to help my friend. Please help.
PS . My friend’s realtor and I could be a witness, because we were ther at the settlement.
*Someone will say that my friend was stupid because she didn’t ask any question about a loan…
She was a first time home buyer and we trusted that name AGENT&DUTY
San Diego Real Estate
Wednesday 17 February 2010 @ 9:29 am
Jennifer asked:
My maternal grandparents left my twin sister and I a house which had been fully paid for when we were both fifteen. Our mother was our guardian. Four years later, our father was having financial difficulties and he asked us to help him by granting him the deed to our house. We did, and he took out a loan which soon went into foreclosure. He put us back on title to the house and now the three of us are on title. I would like to be able to stay in my home, but I don’t have access to any of the loan documents. My dad is keeping that information from me. I do know the loan is with Wells Fargo. I am willing to pay the loan myself but how can I go about this? Will the bank provide me with information? What should I tell them? Any advice will be appreciated. Thank you!
We live in California.
Thermage Stretch Marks
My maternal grandparents left my twin sister and I a house which had been fully paid for when we were both fifteen. Our mother was our guardian. Four years later, our father was having financial difficulties and he asked us to help him by granting him the deed to our house. We did, and he took out a loan which soon went into foreclosure. He put us back on title to the house and now the three of us are on title. I would like to be able to stay in my home, but I don’t have access to any of the loan documents. My dad is keeping that information from me. I do know the loan is with Wells Fargo. I am willing to pay the loan myself but how can I go about this? Will the bank provide me with information? What should I tell them? Any advice will be appreciated. Thank you!
We live in California.
Thermage Stretch Marks
