 What does 80/20 mean in mortgage terms? |
| I SEE PEOPLE TALK ABOUT 80/20 IN MORTGAGE TERMS WHAT DOES IT MEAN? AND HOW DOES IT WORK?... |
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 How long should I wait before lowering the price of my home? |
| (TX.) I am moving out of state in 2 mos. My home was listed with a local realtor for $195,00. Two offers have came in one @ 189,000 & one @ 176000. Currently, there's about 8 other homes ... |
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 If I find a dead body in my newly bought home, can I keep it? |
| This house I just bought is rather old, and the realitor guide must've missed checking all the rooms fully because I found a hidden closet space. And it there was a dead body of someone fairly ... |
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 Can you get a mortgage without a credit rating? |
| Me and my boyfriend want to move out this year but I don't think we will be considered for a mortgage because neither of us have a credit rating. We have never had loans or credit cards, the ... |
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 How long should it take to build a house, and how many contractors can work at the same time? |
| My husband and I are finally ready to start bilding our house. My father-in-law started building his house in June 2006 and didn't finish until June of this year. It took him a year to build ... |
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 Can I break an apartment lease by presenting a dr's note stating the apartment stress is affecting my health? |
| I am living with two roomates in an apartment that we all signed a lease for. I would like to get out of the apartment because Im not getting along with my two roomates. If my doctor provides a note ... |
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 How can I sue my mortgage broker without going broke? |
| I was taken for a ride by a mortgage broker. He lied to me about the terms of my loan, lied on my application about my income, and lied about numerous other things. Now I am stuck in a horrible loan ... |
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 What does a real estate agent/realtor do? |
| I want to get a realtor license when I turn 18 the summer. I just want a basic explanation of what the job is and how money is made.... |
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 Lawyers! I'm trying to move out of my appartment but they said there is a "no winter move out clause" ?? |
| My lease began 03/01/05 but under the "Lease Period Ends" it says "N/A". I plan to buy a house and was told that I have to give a 60-day notice but the 60-day notice cannot expire ... |
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 Real Estate Problem/ Dispute? |
| If you have a written contract for a property/ real estate and the buyer(supposed buyer) breaks it by not paying, can I enforce that contract? And get the property back since he didnt pay for it? The ... |
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| I heard its a way to get a morgage with less than subprime credit, anybody heard of it? |
Additional Details
i heard with these mortagages u have to refinance in 2yrs or lose your house. the loan is based on the property value and if the bank is likely to make a profit in 2 ... |
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 Are home inspectors often wrong? |
| We're selling our house & have an offer & today we had a home inspection. We bought our house from the builder & it's only 3 1/2 years old & we keep it in top shape! A... |
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| Can my landlord increase my rent before my lease is up for renewal? |
Additional Details
There was a "lower rent" discount that I was receiving and the landlord got rid of it because supposely he got audited and this discount is not suppose to ... |
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 What does not in a...? |
Subdivision mean when looking at house for sale?
Additional Details
is it a good are a bad thing?... |
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 Im 3 months behind on my morgage. i tried to refinance and sell but no.cant afford house, just want out, how? |
| i have an 80/20 loan on my house. i am 3 months behind on 1 and 2 on the other. i have tried to sell and i cant get what i need to pay off the house and i dont have any extra money to pay off the ... |
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 Any ideas - Problem Neighbour? |
Myself and my fiance have been living in our current house since july last year. We rent it from Leaders.
During our first viewing of the property, the neighbour took the leaders ... |
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 Apartment maintenance problems...what can I do??? |
| Ok, so for the last 4 to 5 months our air conditioner has not been cooling properly. The maintenance guy came and attempted to fix it but couldn't figure it out. He then promised to order a new ... |
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schunkwc1952 | Can I get a mortgage if I'm being sued? |
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Pengy
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Question is why would you want to? If and that is a big if because I believe there is a clause in there asking if you are being litigated against. You get the mortgage, you buy the home, they win judgement, you lose the home but are still responsible for the payments |
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flamingojohn
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It is a required question on all loan applications and the lender will look at the possibility of a lien being placed against the home they are lending on. It makes it difficult and often results in a turn down. |
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Expert Realtor
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No. One of the questions on a 1003 is if you are current the party to a lawsuit, and if you answer no, you have just lied on a loan application. |
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Scott
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Depends on your lenders requirements. And what they will and won't allow. |
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Yanswersmonitorsarenazis
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One of the declaration questions asked on every mortgage application is whether you have any pending litigation against you.
Failing to disclose it would be considered fraud.
I've never really run across this situation directly, but from what I understand, you'd need a copy of the lawsuit and a letter from your attorney. The amount of the suit will likely need to be treated as a debt against your qualifying.
Quite honestly, it may be difficult to get financed, unless you lie about it. |
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J P
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Can you? Yes. Will you? Less likely than if you weren't being sued.
You don't have to have great credit, but whether or not you're a party in a lawsuit is a required question on every application I've ever seen. Saying yes will require an explanation and if there is the possibility of financial obligations as a result it will be detrimental to you getting the loan. It may not be a complete turn down, but you'll most likely need a cosigner (not affiliated with the lawsuit) at the very minimum. |
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brokerstorage
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Of course you can. |
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Dr. Deth
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if it comes up on a credit report it may, otherwise, I don't think they would know about it unless you told them. Depending on the outcome, if it goes against you, will that affect your ability to actually afford the mortgage? That's a key question to ask yourself. |
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Kate T.
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I think I would tell the ppl I am getting the mortgage from that someone is suing me and that should be the end of it . I dont see you not getting a mortgage because of it . although I do know you have to have excellent credit to get a mortgage . so I do hope you get one it is important to own your own house . good luck . |
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