 Which house would you prefer to buy,? |
| a 1966 1985sqft house with 4 bedrooms 2 bathrooms 1 car garage and no dishwasher for 220.000 or a 2006 1575sqft house with a 3 bedroom 2 bathrooms 3 car garage house with a dishwasher for 230,000... |
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 My landlord has given me a 30 day notice. can she come over and inspect with 10 hour notice? ? |
can i tell her no? she can inspect once i vacate the premises.
Additional Details
once a 30 day notice has been given all terms of the lease are void. she is the new property owner and ... |
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 Foreclosures? |
| How many foreclosures are in your town or city? Ours has an extreme amount for its size, yet the realitors keep over pricing homes. It makes no sense. This seems to have become the norm throughout ... |
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 Can a landlord charge you for replacing 8-year-old carpet he was going to replace anyhow? |
| My landlord sent people over to the house I was renting before we moved out to measure the carpets (and didn't inform me of this). I called him to make sure he wasn't going to charge me for ... |
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 Renting to Section 8 tenants? |
| We have apartments for rent and are always approached by Section 8 renters. Once you interview tenants, check credit, etc. who is responsible for paying the first month rent and security deposit, ... |
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 Need help please? |
| i got a note on my door the other day saying that my house is n default so it will sell on the 15 of jan. My landloard is telling me he saved the house but everyone ealse is saying that he didnt or ... |
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 Am I harrassing my renters if they moved out on the 25th? |
| And all thier stuff is mostly there, and I call to ask when they are getting it out? I tried to agree to stop court proceedings if they left this week. They said "we don't want you to do ... |
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| Im buying a house? please someone with experience answer my questions read further? |
| Im buying a house that cost 54,000 its not so much, but its in a bad neighborhood. The payments would be about 700-800 a month. Im planning on fixing it, cause it needs fixing, and then either ... |
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 A question about my lease .plz answer.? |
| I rented an apartment 1 month ago.the lease is for 6 month .what are the procedures to leave before this time and can i leave legaly in a way without paying the penalty.... |
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| A couple of very attractive deals in the local housing market have prompted me & my wife to consider bumping up our timetable for buying a home (we've been budgetting for mid/late 2009 while ... |
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 We are buying a house and the seller died!!!!? |
| the woman selling our house died. the estranged husband only speaks korean and has not contacted a lawyer to get this rolling, the son is not able to sign. we were supposed to settle yesterday, we ... |
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| I have a few items I can sale like a brand new NordicTrack and some really nice art work. But were can I go to sale them by tonight??? HELP please!!!... |
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 I broke a six month lease on apartment and am paying however apartment is now rented is this lawful? |
| So, now they are getting my lease breakage fee plus a full rent, this is horrible in my opinion! If this is lawful ? It is at the minimum pitiful in my opinion. What excuses do they have that they ... |
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 How much home can I afford? |
| My husband and I make around 115k together right now. What is the approximate price range we should be looking for? We have about 60k to use as a down payment and closing cost.... |
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 Can I sell my home under market value knowing a second lienholder will not get paid? |
| My income is protected, so I only actually want to sell my home with enough money to cover my first lienholder's claim since my Son's name is on it. After that I dont care about the ... |
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 Will a flag lot (the lot is shaped like a flag) hurt the resale value of my home? |
| the lot is shaped as a flag; it has a long driveway and then at the end of the driveway there is a larger lot where my house is. the driveway is shared with our neighbor. will there be a discount ... |
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Pamela P | I was behind in my mortgage payment. Now the bank is refusing to take my money. Is this legal? What can I do |
First they said I had to catch it up. Then they threatened me with foreclosure. Now they say they will work with me, but are waiting on some paper to cofirm that I have no other liens against the property. But they are still refusing to take my money, even though it is in my bank account. Is this legal? What can I do? |
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jason n
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Once you have "defaulted" under the original terms of the note, the lender is not obligated to accept payments. Usually once you are 120 days delinquent a bank will begin the process of foreclosing on your home. At that point, they will not accept payments or even allow you to catch up in full. Why? By accepting payments they are implicitly extending terms to you. If you were to hire an astute attorney, he or she would be able to argue that you had not in fact "defaulted" because the bank had effectively extended you repayment terms by accepting your payments.
Good luck to you |
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fiteprogram
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That sounds like some good ole coy boy western crap! LOL I've never seen that anywhere other than the movies. Is this the new scam to cheat home owners out of their properties? |
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yankfan1226
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bank refusing to take money....thats rare |
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Kaz
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Jason N comes through again with a great answer. This is not some "cowboy crap" or some "scam". Get this....mortgage lenders DO NOT WANT REAL ESTATE!!! There is nothing in it for them/us. They want to collect the servicing premiums and the interest. That money is then invested so that the lender can then make a larger return on their money. Insurance companies do this with their money as well.
The lender is not obligated to accept your mortgage payments if you are late on the payments. If you would like to prove this to yourself, this is talked about in your acceleration clause in your mortgage documents. READ IT.
Now, let's go a little further. This bank let you borrow their money on the notion that every month you would make a payment on this money that they gave you. If you let someone borrow $100,000.00 of your money, and they missed 3 or 4 months of payments, what would you do?
You missed the payments, period. A good option right now would actually be to talk to an attorney about filing a chapter 13 bankruptcy. This will stop the lender from being able to move forward with the foreclosure, then the bankruptcy trustee would then arrange payments for you to pay back the arrears and catch the mortgage up. Chances are, if you are in the big of a mess with your mortgage, I am sure that there are other bill collectors wanting money as well.
Your options now are to either wait for the bank to file the forebearance aggreement, which is what they are doing, or go BK.
Good luck! |
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orchard_littlejoe
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Unfortunately, yes. If you are too far behind or a repetitious late payer, they can pull the plug and very little can be done. You will hear many suggestions and what would seem to be good advice in situations like yours but, it's the bank's money. They "owe" you nothing. They are not a charitable organization nor are they tied in with welfare. It's the real deal. It's their way only. Sorry, I wish I had some B.S. to give you to make you feel better but you wanted the truth. Been there,,,done that. There is nothing you can do if refinancing is not an option. |
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trailsman1961
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you need to check what your contract says you may loose your house if they don't accept your money. Each month of no payment gives them more rights, speak to a supervisor and make them accept your payment now. |
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Stuart
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If they have started forclosure proceedings, they cannot take your payment without stopping the forclosure.
My guess is that they intend to forclose on you, and are refusing the payment so that they do not jeopardize the forclosure. Yes, it's legal, but is pretty sneaky.
Remember, they'll be a lot happier with a whole property than with a single payment. You need an attorney. Like now. |
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mapleguy
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Contact a lawyer. If they refuse to let you pay what you owe, then they are not dealing in good faith. |
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abbasgirlie
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You can also look in the paper. If there are foreclosing on you then you'll see it listed. |
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GaryODS
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Well it depends on how long the foreclosure has been going on and how much you owe and are offering to pay.
Each state is different, but it goes something like this. They file a NOD (notice of default), you have up to 115 days to cure the ills (pay up ALL the back payments and late fees and the foreclosure costs) and reinstate the loan.
Now if this isn't your first time through the process many loans have an acceleration clause that allows the bank to call the entire loan that is in default. It doesn't happen often because banks don't want properties they want payments. |
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~*~*~*Jenny Anne~*~*~*
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I've never been in this situation but it doesn't sound right. I would read over your contract and talk ti them and ask for their plan of action in writing. I'd consider talking with a lawyer. |
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