 I need help, I'm renting a house and the renters are late with 2months of rent.How can i get them out legally? |
| Now i have been asking for the rent and now they are saying i'm harrasing them.The refrigiator is not working and they want me to get them a new one ,even though they haven't paid the rent.... |
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 Can a landlord demand I give a 60 day notice before I move out? |
| I ask this because every other place I've lived has only demanded 30 day notice. Obiviously, the extra $650 would be a big help in my move, but I also don't want to get hit with a law suit ... |
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 I need advise, My x wants me to sign a quit-deed so she can sell the house,. should I ? |
| It is in the divorce decree that she owes me money, but she said she needs this quit- deed signed first, In the decree it said she would refinance the house to pay me instead she got remarried in 3 ... |
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 Please HELP! my boyfriend wants to get a joint mortgage!!!!!? |
| we have 2 kids together but we have a lot of issues that could potentially cause to split ( well, his issues). what should i do???... |
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 How much roughly would i have to put down as a deposit for a house of flat? |
| I know it would depend on a number of things but just want a rough idea. Would be looking for a place in south east london.... As i am a student could rent out to a friend or too (I'm only first ... |
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 We are buying a forclosed home that we just found out is owned by indymac. Any ideas on what will happen? |
| We are totally scared now. We are doing an FHA loan, so I am thinking that it doesn't really matter who the seller is, only the financing. Help!... |
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 Is there any morgage company out there that will finance a 30,000.00 home for someone that has bad credit? |
| My husband and I have bad credit and having a hard time finding a morgage company that will finance us, Is there any morgage company out there that will finance a 30,000.00 home for a first time home ... |
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 Do you feel sorry for people who buy a house they couldn't afford? |
1) The bank gave them the loan
2) It was a variable rate, so after 3 yrs or so they KNEW it would go up.
3) Shouldn't a person have enough common sense to know it was too much to ... |
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 What happens if you dont pay Rent-A-Center? |
| I HEARD IF YOU DONT PAY RENT-A-CENTER, AFTER 90 DAYS THEY WRITE IT OFF???? IS THAT TRUE?... |
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 Can I fight my landlord for wanting my family to move out of the apartment we've lived in for 24+ years? |
| I live in Queens, NY and want to know what my rights as a tenant are. We have lived in the apartment for over 24 years and do not have a lease, we pay month to month. We have never had any problems ... |
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 My friend inherited his fathers home that was paid off sometime in the early 70's, is there possibly equity |
| He is being financially challenged with upkeep of a home that is currently up for sale I was thinking before his father paid off the home that possibly there could be some money in equity his father ... |
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 In my situation is an interest only mortgage right for me? |
| I own a home, brought it in 12/04 (2 years to the date) for $242,000, the Appraised Value as it stands is $305,000 so it has appriciated $63000 in 2 years. Our current mortgage is a 30 yr fixed rate ... |
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 We just bought our first house? |
What are some maintenance things we should be aware of? Do you have any tips? We live in NJ, the house was gut renovated, and everything is new. Thanks!
Additional Details
Thanks ... |
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 Is it ok to break my lease if I dont feel safe? |
| There is this guy who is stalking me. He keeps knocking on my door and trying to get me to have sex with him for money and trying to sell me drugs. I have no clue who this guy is. I have called the ... |
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 It is possible to just give my house back to the mortgage company? |
| I hate my house and may soon struggle to pay the mortgage, can I just give the house to the mortgage company. I dont care about money, i just want out or will it be classed as repossession??... |
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sassy_sash_718 | Don't Want to lose my house.? |
I am a dilemma right now. My husband & I had a mortgage company we liked very much until they sold our loan to a very well known company, we fell behind on our mortgage payment 2 month. We have had so many harrassing phone calls and threatening letters from this new company. It has gotten my husband to the point where he does not answer their phone calls. I want to know if I call them and told them we are going through a financial hardship and this time would they be understanding and how can they help. If anyone out there has any recommendation on what department I should ask for or if there is any "term" used,please let me know. I am extremely unexperienced in this department so far, but willing to learn. |
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Wendy Jean
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Call them immediately. Avoiding them only makes the matter worse. Foreclosure procedure can start as soon as you miss the second payment, while some companies wait until you miss the third payment to start. You should have received letters from the mortgage company, if so, call the number in the letter and ask to speak to the collections mgr assigned to your case (they will have signed the letter). See what you have to come up with now to stay clear of foreclosure. Since you cannot defer a mortgage payment, I would contact my bank which I have my car payments with, see if you can defer each payment a month or two. This will free up that money so you can pay your mortgage and catch up. Please call them immediately and do whatever you can to avoid losing your house. |
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Landlord
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If you have been making your payments on time for several years and have good credit you can get them to give you interest only for a couple of months. I did this once, with multiple banks as I was ill. The problem is that you did not pay them for 2 months, you need to pay that back before you are going to get on their good side.
You will be in foreclosure soon, if you are not already.
Answer the telephone ans explain your situation, they will put you in contact with whoever makes those choices. |
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A C
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As stressful as it may be, don't ignore the situation. It shows an unwillingness on your part to pay the debt and could make bargaining with them difficult. Talk to them asap and explain the situation. They would much more prefer to work out a payment plan with you than foreclose on your home.
Good luck. |
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blue eyes
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Well, this does not sound good. You really shouldn't go over 30 days on any payment, especially your mortgage. I would scrape up anything you had to make a payment or even partial payment so you don't foreclose. You should cut out all unnecessary bills if you do want to keep your house. If that is your #1 priority you should take all necessary steps to prevent losing your home.
Talking with the company will not "hurt" anything. It is obvious that you are dealing with a financial hardship, they know that already. Just make a payment, anything to show that you're willing to work with them and it might be to your advantage.
I know it's hard. You might want to start looking for a new place to live.. just in case. I hope this is turns out to be a positive solution. Good luck. |
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kja63
 |
Your mortgage company can foreclose on your home if you fail to make payments. So it is imperative that you contact them and explain the situation.
Generally, foreclosure does not start until you miss your 3rd payment. Since you have missed 2 months already, you must make a monthly payment to them now before the 3rd month's due date. |
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Christiane
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It sounds as if you are ready to try to help yourself and that is good. The best alternative for you is to talk to the lender. They are in the money lending business and not the homeowning business. They would prefer to work something out with you rather than going through the lengthy and expensive process of foreclosure. The more REO properties that they have the less borrowing ability they have from the Federal Reserve.
You need to assess whether your situation is a short term or a long term problem. Here are a few options they may discuss:
1. Forbearance and Repayment
This is the most common resolution to a loan default. You and the lender work out a plan which allows you to repay part of your delinquency in addition to your regular monthly payment. The lender also might suspend payments for a period of time as long as you can show how you will be able to repay them in the very near future.
2. Reamortization
This option is viable for a homeowner with short term circumstances. The lender reamortizes or adds the delinquent payments to the end of the loan in order to bring the payments current. This strategy could increase the actual payment amount. However, if the lender also extends the length of the loan, payments could remain the same or decline.
3. Short Sale
A short sale is a real estate transaction that is used when a homeowner is having difficulty making payments on a house where they owe more than what it is worth. In this situation, the lender agrees to and negotiates the sale for less than the loan balance.
4. Deed in Lieu of Foreclosure
Similar to a foreclosure, but not as lengthy a process, the home owner actually deeds the home back to the bank. The savings come in terms of time and immediate relief to the homeowner’s stress level.
5. Refunding
If you have a Federally Funded Loan, like a VA loan, the government agency may purchase your loan from the lender and take over the servicing of it. This option should be considered if you are able to make payments, but your current lender is unwilling to extend a repayment plan or forbearance, for any longer.
It should be noted that there are tax and credit consequences to many of these options. Please contact a professional tax advisor prior to making any final decisions.
If your circumstances are of a longterm nature and you need to sell your home quickly contact the people at HouseBuyerNetwork.com to see if they have an investor or quick sale agent in your area to help you. It is a free service to you the homeowner.
Good luck! |
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Your Maryland 'Net Realtor
 |
I think that generally most lenders would be happy to work with you ... BUT you need to contact them. Be straight with them about the situation. Avoiding their phone calls will NOT solve anything and will actually make them less likely to work with you. They don't want to take possession of your home and then try to sell it, so they should be willing to work with you. You need to make the first step, though, and do it fast! Good Luck! |
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I_Love_McRedneck
 |
You really should have called them right away, before you were even a day late on your payments.
They have no mercy for people who ignore them. Call NOW if you want to fix this. Sure they want to work with you, but not because they're nice people, but because they get more of their money that way versus foreclosing on your house.
Tell them what you CAN do and see what they'll do to work with your from there.
Sounds like you need to consider putting your house on the market if this financial hardship isn't going away.
Some other things you can do, although you'll probably never actually do them - cancel your cell phone, cable and internet subscriptions. These things aren't necessities but cost hundreds of dollars a month. If your situation is really that bad, you can do without these things. Rabbit ears are cheap, you can get the network channels and make do for a couple of months.
Start grocery shopping at Aldi - it's CHEAP. That also means cutting out your take-out, etc...
Let's see...what else can you do. There are some charitable organizations through churches, etc that will help you in times of need. I'd also suggest credit counseling.
Sometimes doing the right thing isn't easy, desperate times call for desperate measures when you want to keep your house. |
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eschewdefeat
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To answer one part of your question: NO--The well known company will NOT be sympathetic. My heart truly goes out to you, as many of my friends are in the same position. You have been victimized by unscrupulous lenders. Take heart (perversely) in that you are not alone and in fact because of this massive economic problem that has slipped by the present administration, the entire country will VERY SOON be mired in the worst recession since the great depression. Perhaps we'll meet on the breadlines. |
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