 The best place to apply for a loan to buy my own home? |
| where is the best place you can reccomend to apply for a loan to buy my first home? My credit is not great but it is not horrible and income is okay about 1,000 a week before taxes and i'm not ... |
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 Mortgage Lender company asking for too much money in short notice? |
| I picked out a house i liked (foreclosure house). 4 days before the closing date on the contract, the lender company called and said "we need $7,000 from your pocket to pay for your taxes in ... |
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 Do Apartments have to Disclose Criminal Activity about the Complex before you move in If you asked them? |
| My girlfriend and I just moved into a cheaper complex in Houston, TX. On the 17th day of our lease, my girlfriend was on our balcony when she witnessed an armed robbery. The grown man that was shot ... |
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 How do adults buy a house? |
| If there is a couple and they want to buy a house that costs between $150,000 and $200,000. Is it possible that they could buy such a house by making $60,000 a year combined.... |
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 Who gets the house if one of the co-owner dies? |
| A friend of mine owns a house with an older "sugar-daddy" type of man. Both names are on the house as well as the loan. If this older man passess away (he's in his 80's), what ... |
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 LowBall Offer - What would you counter with? |
I just got a lowball offer on my home. Asking $525K. They offered $485K. Next door neighbor sold house for $535K 7 months ago.
What would you counter with? I am thinking 520 or 515. W... |
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 Why is London so expensive why is a one bedroom flat just as much as a three bedroom home in the north?? |
It's crazy!!!! The govement should cap the price on all items!!! Do you agree?
Additional Details
I can afford it but it just seems un realistick that my mates house is bigger and ... |
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 Is there a way to terminate a Real Estate Sales Contract? My agent doesnt even have the MLS listing right.? |
| I am very peaved! There are no pics on the MLS. I have asked her marketing plan and she has not answered me. She told me she would let me know how to stage and she has not. She has the list price at $... |
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 Is it okay for my landlord to frequently visit my house to spot check? |
| I live in CA..My landlord just randomly shows up at the house I lease without notification and sometimes will call to see if she can view the house. I mean I understand that she is the owner and this ... |
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 I own 5 acres of land and was told that it' sworth $185,000. Is that per Acre or for all 5 acres? |
| One real estate agent told me it was per acre and another one told me its 185K for all five acres...which one is right.... |
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 How would I find out who owns a home that is not occupied? |
| Im looking at a home at 48 Benjoe Drive, Amityville, NY 11701 its completely empty and I just wanted to know if it was for rent or sale.... |
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 Can my landlord successfully hold my money for this? |
| i had left a place that i had rented with my animals. when i did the walk through i was told that it smelled like pets. i tried to clean up the pet odor as much as i could and left the windows open ... |
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 Next door neighbor has vines growing into/on my property.? |
| I would like the neighbor to remove since it's coming from her vine plant on other side of the fence. It's growing out of control and is climbing on my roof. I've been out of town for ... |
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| Council House? |
| it it possible if you work full time to claim a council house where you dont pay rent the council covers you but obviosly you pay the general bills or is that only if you are unemployed?... |
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 What criteria do you have to meet to get a morgage? |
| how long in a job , what kind of wage earned, circumstances ... |
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 What's the fairest way of dividing up the rent for a 2BR apartment with 3 people? |
It's a 2 bedroom apartment with 3 people living in it; 2 of whom share 1 bedroom, and 1 has his own bedroom.
Is a 50%/50% split fair? The 2 people sharing 1 bedroom pay 25% each, ... |
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 Do you need perfect credit to get a mortgage? |
| I have a few accounts that show "settled" or "settled for less then owed" on my report and one or two that are in collections that need to be paid off. My husband has some medical ... |
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Maryanne C. L | How to save my house from foreclosure? |
I'm going into my third month and I got a notice |
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Dr. Souldogs
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A lot of factors involved, get yourself a professional credit counselor, but watch out for scam artistes. See:
http://www.ftc.gov/bcp/conline/pubs/credit/fiscal.shtm |
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Alterfemego
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Call 888-995 Help, this is a counseling service approved by HUD/FHA |
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Ron B
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You have three choices. I am assuming that you do not have enough equity to take some money out and make your payments.
1. Come up with the back payments and get current on the mortgage.
2. Go to your lender and ask for a hardship. They may allow you to repay the owed money over the course of the loan and allow you to start making your payments now or in a few monthes.
3. Short sale the home immediately. It will allow you to get out of the home owing the least you can. This will take a good realtor and negotiator to get it done in time, and get you a good deal. |
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shelly
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Here a good article i found about keeping you from being foreclosed
http://www.badcreditresources.com/articles/Steps-To-Keep-You-From-Being-Foreclosed |
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Blue October
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first - keep in contact with your mortgage holder....see if you can work with them
if not...here is a link that will tell you the laws and timelines for each state.
http://www.foreclosures.com/pages/state_laws.asp
good luck :) |
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William H
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Do you know somebody you could sell the property to and rent it back to you? |
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rlloydevans
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If you are already three months past due, and received a foreclosure notice, your options are more limited than if you had done it earlier. Here is what you can do now:
If you can now make the monthly payments, but cannot make up the back payments:
1) Contact the lender and see if you can renegotiate the mortgage. Lenders are normally reluctant to do this if you are already 3 months past, you'd have to make a case that you went through a rough streak but the problems are settled if they can cut you a break. They could, if they are of a mind to, forgive one or two of the payments, or maybe renegotiate a different set of provisions to get you over the hard part (interest only payments for a year, extend the loan by 5 years to cut payments, etc) Again, one month late that is something they will usually talk about, three months late they pretty much assume they have to foreclose.
2) Bring in an investor or relative who will make up the back payments for part ownership in the house.
3) Try to get another loan to make up the difference, although these circumstances would mean some very high interest rates.
If you still can't make payments:
1) Sell the house
2) SIgn the house over to the bank as a Deed in Lieu of Foreclosure
3) Declare bankruptcy |
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Angie
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You need to talk to your lender NOW. You should have talked with them at the time you were missing your first payment. You would be surprised, but most lenders are willing to work with you to get your loan paid. If you have a temporary cash flow problems, they can sometimes suspend payments for a few months, or at least work out a reasonable repayment schedule. They don't want to spend the money to foreclose on you and more than you want it to happen. Call them today to see what your options are. FYI - I worked in a foreclosure department at one time, I know first hand. |
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GBear
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Contact your lender(s) and find out what other options they might have for you.
or
If you have equity:
1) You can try to try to refinance your existing loan(s).
2) Sell the house and try to cash out or break even. |
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Kathy G
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I went through this several years ago, although I am not an expert by any means. This is just from personal experience. A LOT depends on what state the home is in. Also, CALL THEM before you end up in court. Mortgage companies are more willing to work with people now that there are so many foreclosures. Personally, I had to dip into my tax deferred retirement account to bring myself up to date. Good luck! |
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