 When can a new homebuyer refinance? |
Bought home in April 2006
When can I refinance to-
1.combine mortgage 1+2
2.Get cash out to do home improvements?
I bought the house well under market value but with no cash down<... |
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 Got a mortgage refinance quote: Too good to be true? |
| A mortgage broker quoted me a refi of $235K with adjustable rate loan at 1.2%, and the monthly payment can increase by only $77 per year. Does this sound too good to be true?... |
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 Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures,? |
| Is it common for most people to not know the differences between Foreclosures, Short Sales, Preforeclosures, and Bank REO properties? Is this something that needs some additional clarification for ... |
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 My boss owes me over $5000 in unpaid income. I want to send a letter to all the people he does business with? |
| I want to tell them he refuses to pay me or return my calls. I want them to know what a scumbag he is. Can he turn around and sue me for talking to the people he does business with and telling them ... |
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 Mortgage question? |
| Parents have a two homes they own free & clear and going to put one up for sale after they buy a home soon.(like within a month) Both are on SS with total income of about 1800.00/month. C... |
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 I want to sell a house that I inherited. What happens if a lien is found? |
| I inherited a house a few months ago from a relative, that I have been caring for the past 5 years. I am living in the house, but I want to sell it, and move somewhere else. I was wondering if I ... |
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 Can you be billed more then your deposit when you move out? |
| In the state on Minnesota. When you move out of an apartment or rental property, can they try to tell you to pay them more then your deposit was, for cleaning or repairs? Or would they have to sue ... |
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 I have bad credit and need an apartment? |
| I live in the city and everyone does credit checks, my credit is horrible, and i am working on getting it fixed, but that doesnt really help me now. What can i do?... |
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 If you own a beach frount property? |
| do you own all the sand and water too?... |
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 What do you think about buying a foreclosure home that is in good condition? |
Is it a good idea?
Additional Details
clari331 does not belong here...so rude!... |
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 How Much do you Pay For Rent ? |
What state do you live in. Just tring to see the rent price's and how they differ.
I have a three bedroom house i pay 325.00 Per month. Ohio :)
Additional Details
Wow Its ... |
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 How do I know my agent made my offer on a house I bid on? |
| I put in an offer on a home a few weeks ago that was $75,000 less than listing price. My agent looked less than enthused to be wasting his time drawing up the papers. We did anyhow, and he called me ... |
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 My boyfriend and I have lived together for 3 years under his HIS roof, the house he had 2 years prior to me.? |
| If we sell it and move into a new one, with BOTH of our names on the title does that mean the house is BOTH ours if we should break up down the road? He is saying the house would only be his even if ... |
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 My husband and I are wanting to buy our 1st home. But are stuck with q's from getting a loan...help please!!? |
| Okay so we went to look at a house that we thought we liked, but wound up not liking it. The realtor gave us a number to peoples first to get pre approved over the phone. Well the lady said we had ... |
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Do I have to turn off all the lights? (before the bulbs run out?)
Should I unplug the microwave? (the digital clock runs the microwave.)
What about the oven then? I didn't tell my ... |
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 Is it public information how much a person owes on their home? |
| Is it public information how much a person owes on their home? Some one has ask me what I owe on my home for sale.They then said it was public info. anyway,when I didnt answer. Hmmmm....I know it is ... |
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 Is there a limit to how long a landlord can hold a check without depositing? |
| My landlord has been waiting longer and longer to deposit my rent check. This month, i failed to notice, however, they deposited May and June's rent a day apart from each other. May's ... |
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 Do I have a legal right to ask my landlord for money? |
My refrigerator broke 2 weeks ago, the freezer still worked, but the fridge was only slightly chilled ever since. It was not cold enough to keep really any perishable products in.
After 2 ... |
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Roy Hobbs | IMPORTANT MORTGAGE FORCLOSER QUESTION. 2 people on Deed, but only one person on mortgage - Can Bank Forclose? |
Due to loss of income my wife and I are looking at foreclose. We both have been unable to acquire new jobs that will pay near enough to sustain us. We are almost 6 months behind and have already vacated the residence in fear of finding it locked up when we get home someday. The property has been on the market for 7+ months. We continue to substantially reduce the price every 3-4 weeks but have had no interest. The banks lawyer has finally wrote us a letter of intent to foreclose. I talking with a friend we discovered that my wife is on the Deed BUT not on the mortgage. My friend doesn't think the back can foreclose due to this error. If so, this would give me some extra time to try and sell the property. Does anybody know if this is true? |
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Ken
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I cannot believe the misinformation here. There are 3 documents in question: A deed, a mortgage and a Note. ALL PARTIES ON THE DEED AT THE TIME OF THE MORTGAGE MUST BE ON THE MORTGAGE NO EXCEPTIONS. All parties on the deed do not have to be on the Note. It is not uncommon for one person to not be on the note.
Now the question is was your wife in title when the mortgage was taken out or was she added later? If she was added later her interest is subject to the mortgage.
Second question, are you sure she is not on the mortgage? She may be only left off of the note.
If she was in title and she did not sign the mortgage, the mortgage company will have to pursue an equitable title claim meaning that your wife benefitted from the mortgage (especially if it was purchase money) and therefore, is subject to the terms thereof. Different states have different policies with regard to such claims. Check with a local real estate attorney. The short answer about time is, yes if this is the case it will delay the foreclosure. Don't forget though that every month you do not pay your principal is going up by the amount of the mortgage payment. |
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frankie b
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You got some bad information from your friend. If you don't pay they foreclose. It doesn't matter if there are 100 people on the deed. You can deed you property to anyone, but if its not paid, they take it. Most the time if you ad someone to the deed they have the right to call the loan in in full anyway. |
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audrey j
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contact ACCORN housing or neighborworks america homeownership preservation program for help.
http://www.oaklandmortgageadvisor.com |
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jpistorius380@sbcglobal.net
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Yes they can foreclose, it may buy you a couple of days if the people at your mortgage company aren't too bright but in the end you are still going to lose your home and be responsible for whatever the difference is between what you owe and what the bank can sell your home for. |
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bostonianinmo
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Of course they can foreclose! |
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juniorsweapon
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Unfortunately they can forclose. The problem is that no one has made payments on the property and that is cause enough for the bank to forclose.
Keep your head up though. |
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TONYA R
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The deed does NOT have to match the mortgage. There are a lot of companies out there that may buy your home, but most are a scam. Good Luck. |
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goheels08
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The fact that your wife isn't on the mortgage has no bearing on the foreclosure. One spouse can get the mortgage in their name only, but both the husband and wife have to be on the deed. I suggest you call some investors and see if someone will buy you out. |
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daeve930
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This would be a good time to consult a real estate lawyer.
The lien is on the house, not you personally. Your wife signed something acknowledging she's aware that property in which she has an interest is being used as collateral on a loan.
Call the bank. Try to work this out. It may be that it's too late, but you'll never know if you don't try. |
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Gene and Allum
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WRONG! Your wife doesn't have to be on the NOTE in order to be on the DEED. The note is just a promise to repay. The deed is the ownership. If you two were married at the time of the mortgage, then her name would automatically go on the deed. But, doesn't mean she has to go on the note.
contact your mortgage company and apply for a pre foreclosure sale program. Since your home has been listed at fair market value for at least 90 days, you may qualify for sell it for less then what is owed. |
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