 We are new homeowners,is there a grace period till you are late? |
| are house payment is due on the 1st but we cant pay till the 3rd, will this harm our credit and count us late.... |
|
 Live in Landlord? |
| I have been living in an apartment for over a year now.Sharing with a gay male. I have no problem with him being gay, i myself am straight. For the first couple of months things were perfect, but ... |
|
 Who should pay the bill, the landlord or us the renters? |
| My gas bill came out outrageously higher than in the past. Our gas bill would usually be of 15 dollars, no more than that, but this time it came out of 200 dollars. The gas company came down and ... |
|
 Whether verbal agreement is valid in property law? |
| Purchased a residential property with son in law and it was agreed verbally that on sale or one of us moving out that any increase in value would be split between us on basis of what each of us put ... |
|
 I'm thinking about leting my home go into foreclosure, to get a better deal on a bigger home. Is this smart? |
| I bought the condo last year brand new for 244,000 and now the builders are selling the same condo for the starting price of get this 189,000 for a 1,743sq ft 3bed 2.5 bath 2car garage. My plan was ... |
|
 Do i get a thirty day or sixty days to move? |
| ive been living in my home for six years and i live on a care home property. landlord has just sold the property. so im not sure if there are any other rights i had. nothing was written in my rental ... |
|
 Paying down the principle on a 30 year mortgage? |
| On our monthly mortgage bill there is a designated area to indicate if we are paying for principal only (after the initial payment). Do I still need to write a seperate check for a "principle ... |
|
 What is a definition of a SLUMLORD? |
our landlord is..... well.. he sucks!!!
he showed up askin about or leaky hot water tank.... but didnt even bother tryiong to fix or suggest fixin it. he asked my husband what he wants to do ... |
|
 RE: My landlord is being investigated for fraud, do i have to pay my rent? |
I posted a question earlier you can view it here - http://uk.answers.yahoo.
I would just like to ... |
|
 Why do people bither looking at a home that is for sale,? |
when they dont have the money, are just bored, ***** about everything to get the price down or are just nosey neighbors?
I hate "tire kickers"
Dont ppl have anything better to ... |
|
 Lein on house that I did work on? |
| How would I go about putting a lein on a house that I did work on. The people who own the house paid the company I subcontract thru, but the company did not pay me. Now I was told I could put leins ... |
|
 Mortgage pre approval question? |
| I am a first time home buyer and i just recieved my mortgage pre approval letter for $116,000 or a maximum monthly payment of 1281.09 including tax and insurance. I was wondering what should by my ... |
|
 Section 8 housing? |
| I am currently on section 8 housing. My boyfriend wants to move in with me. I was wondering I don't want to commit fraud but how long after he moves in do I have to tell housing assistance? I ... |
|
 Are house prices going to go down tis year? |
| we are first time buyers and cant really afford much so would it be worth holding on a little longer to see if prices fall?... |
|
 Is it safe to tansfer deposit money before signing a contract? |
| I was told by the agency it is normal to transfer the deposit funds + the rent in advance before signing the tenancy agreement. Is that true? Because of the amount involved, I can't help but ... |
|
|  |
Joe D | How long to foreclosure? |
I went through a divorce and recently lost my job. I called the mortgage company to let hem know. Is this something they will work with me on? I can't make the full payment, but can pay about 25 to 35% of the payment. |
 |
 
DJ
|
Its good to hear that you called the mortgage company BEFORE you started to really miss payments. Apparently most people do not do that.
Perhaps you could talk to a third party that can negotiate for you, for a fee of course, but if it lowers what you owe overall it would be worth it.
http://www.H0MEASSURE.com is one possibility, maybe Google it to see if there are any other companies that can help. |
|
Curious
 |
this month you can pay 25%. what about next month if you have no job? you'll just fall farther and farther behind. since you have no way to salvage your equity, just sit tight while they foreclose and evict you. no, they will probably not work with you. your focus should stay on where you'll live next and how you'll pay for it. |
|
raymejr
|
Joe D.
Depending on your lender, it's possible that even if you could only afford 25% NOW..they might not accept it and force you to pay the regular mortgage payment in full.
I would suggest you call your lender back and them about what the process would be for accepting a 'short-sale'.
A short-sale is nothing more then a bank accepting less on a piece of property then what is currently owed on it...and contrary to popular belief, one does NOT need to be behind on payments for a bank to accept an offer on a short-sale.
If your lender is not going to help you given your current financial situation, then I would suggest you sit down and ask yourself what's more important...keeping the house, risking at a later date/time falling behind on your mortgage, and possibly being 'foreclosed on', thus having what is deemed the worst hit to your credit report possible, or getting out from under an asset you can't afford to keep any more before it's too late?
Whatever the decision, make it as soon as possible and know your options.
Hope this helps?
RME, Jr |
|
dave
|
Joe,
There's a terrific article at eHow on steps you can take to avoid foreclosure:
http://www.ehow.com/how_2256426_foreclosure-middle-subprime-housing-crisis.html
How to Avoid Foreclosure During the Subprime Crisis
Read through it carefully, follow the steps outlined, and make full use of the Resource links provided.
You may also want to have a look at this one, on ways to earn some extra cash
http://www.ehow.com/how_2254361_money-internet.html
How to make money on the internet, scam-free
Hope that helps. Best of luck. |
|
Jennifer H
 |
I prefer to email if that is an option, I believe your situation is personal. Here are you real options
- Foreclose on the home (save every dollar you have ride it out and know that you it will be about 5 years before anyone will even consider giving you another loan, and your credit will have to be near perfect since then.)
- Do a re-fi on your current mortgage. (this is most likely out of reach because most homes do not have the equity, but it is an option.)
- Short Sell,
- Loan Modification. (A team of attorneys re-negotiate your current loan with your bank explaining why you have defaulted. YOU KEEP THE HOUSE. Then one of 4 or all 4 things happen. - Get out of an adjustable rate in to a fixed, lower rate on your current mortgage, extend your term, reduce your principle.) This is what me and my team do each and every day, we have a 98% success rate, and the 2% are the ones in process. It’s really simple, we keep people in their homes. I’d love to explain more and answer any questions you may have.
Jennifer
Jennifer_Coralsprings@yahoo.com
954-592-5863 |
|
Baby Taylor Madison born 083108
|
If you have extra rooms, have you thought about renting them out? I woud try this and keep looking for a new job. Good luck |
|
ratemyexperience
 |
Hello how are you? You can get free information and learn how to stop/prevent foreclosure at ForeclosedRiches.com I know this will help you. Good Luck! |
|
afiesha s
 |
Hello, I figured i just pass by to inform you of this great website, it works wonders with answering questions such as your own. You should check it out!
http://www.shortsalecomplete.com/?utm_source=blog&utm_medium=blog&utm_campaign=shortsalecomplete |
|
eshokes
 |
I am currently in a situation where my business has gone from recession to depression. Just had to contact my mortgage holder the other day to let them know I'm having trouble as well making the payments. After speaking with a loan officer they have agreed to a refiance to lower my payments. Try speaking to your loan officer about a refiance. Any chance of taking on a roommate to help with the mortgage? |
|
shpbk45213
|
Well, you could just stop paying since it sounds like you won't be able to keep the house. Assuming your credit is already shot from the divorce, you could stop paying, let the foreclosure happen, and save what you would otherwise be paying towards moving expenses. Once the sale is complete, ask the lender for a "cash-for-keys" incentive to voluntarily vacate. Take the saved money and cash from the lender and get a more affordable. Depending on the jurisdiction, you could live rent-free for a considerable amount of time. It's a shady path to tread, but legal. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 34 minutes(s) ago
| | | |
10 | 46 minutes(s) ago
| | | |
9 | 56 minutes(s) ago
| | | |
10 | 2 hour(s) ago
| | | |
10 | 5 hour(s) ago
| | | |
10 | 9 hour(s) ago
| | | |
10 | 11 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
