 Selling my House? |
| I own my house outright, but am planning to sell it. How long after the buyer closes escrow will I get my check. And since I will be moving to another city. How much time will that give me to look ... |
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 What should or can I do about a Bad (low) appraisal on my house? |
| OK, so I wanted to refinance my mortgage. Everything was going fine, even for having a lower credit score. The closing was set, all we were waiting for was the appraisal. Well, when it came in, it ... |
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 Mortgage company asking for copy of 401-K statement? |
| I've been approved for a loan, but the lender wants a copy of my 401-K statement. I've never had a lender ask for this before and I don't believe this is any of their business. They ... |
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 Why would two apartment complexes give me different responses about my credit on my application? |
| One apartment complex I applied to came back declined because he said I had "major credit issues", and another place I applied to said my credit came back "perfect". So, I ... |
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 My husband & I only got $600 for economic stimulus instead of the $1200 we qualified for. Why were we shorted? |
| The stimulus is supposed to be $1200 for married couples who make less than $75k/year. We even did the calculate feature on their website and were told to expect the $1200. However, in our checking ... |
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 A potential renter is interested in a rent to own lease of a rental property I own ? |
| Typically what percentage or amount of the lease to own option is used as building down payment monies. Any resources for what to include in one of these lease to own agreements ?... |
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 What to do after you serve a 3 day notice to a tenant that won't pay rent? |
| I have a tennant that hasn't pay her rent i already gave her a 3 day notice what should i do ... |
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 Bought a house, Old occupiers left items in it, been 5months now they want it back.. What are my rights? |
| Bought a house 5 months ago, The previous occupiers left a few items behind, and an order came through for them. I didnt have contact details and assumed they would be round to pick the items up! H... |
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 How do i get a house with $10,000.? |
| My credit score is about 520. I owe $5,000 total in credit. Is there anyway i qualify to get a house in or out of ny without having to pay off the 5,000 on my credit report.... |
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 How do i find out the owner to an abandoned house? |
there's an abandoned house that is really interesting.
i went in there one day and
the house was FULL of stuff.
BAGS and bags and bags of clothes shoes books alcohol. etc
u ... |
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 Can a person really sue my grandfather and win??? |
| an ex tenet who was evicted is now sueing my grandfather for un returned security deposit. well that sounds nice but you cant take money from social security or his pention right? please provide your&... |
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 Is it legal for a landlord to allow two separate beauty salons to operate out of the same building? |
| I am the owner of a beauty salon and have been operating out of this same building for the past seven years without any problems. Recently, the landlord rented the storefront next door out as a ... |
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| Where does a single mother with decent, steady income, yet no so perfect credit begin to get a mortgage loan.? |
I have been trying to repair my credit for the past few months so I may purchase a home with no money down. How can I go to a closing with no money down?
Additional Details
I have been ... |
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 Landlords, apt mgrs, please read. move out question.? |
| Lived in the apartment 2 years. Originally had a roommate. He left a couple months ago, just picked up and left one day. I found out I was moving 1400 miles away. It was a very quick decision. I gave ... |
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 Urgent Renting Question? |
| If I have been renting an apartment for 10 years, and next month (July) I am planning on moving around 10th-15th, my landlord still requires us to pay the entire month's rent when we only want ... |
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 What to do if you can't be flexible on the price of your house? |
| My husband and I are putting our house back on the market. The price we have it at breaks us even. We won't make money and we won't lose money. That means we don't have an flexibility ... |
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| How can I stop paying rent without getting evictied until the landlord makes repairs? |
| We have repaired most things for th past 10 years but now we cant afford to do it anymore. and the outside wall of the house is collapsing, I have sent pictures for years and she just tells us to me ... |
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 Do landlords have a right to walk up in your apartment without your knowledge or prior notice? |
I was out yesterday & today, & I come back, & the landlord left a message on my door, saying, "Clean this place up! It stinks."
I had an altercation 2 weeks ago with ... |
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jimmyabb | If the bank you have a mortgage with goes bust, what happens to your mortgage? |
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velcropap
 |
another bank takes over. |
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annalyzedgourds
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It is bought by another company |
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chatsplas
 |
It's sold. It is an asset of your lender. You will receive notices of any change in payments. If it's WaMu, JP Morgan Chase bought it. You still owe. |
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src50
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Your loan still exists. It will be assumed by another lender with terms unchanged. |
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ALPHF
 |
Your mortgage is an asset for the lender. Therefore, it is passed (sold) to someone else (who will probably buy your mortgage for half price) but don't worry will collect the full amount from you. (sharks are enjoying the water at the moment:) |
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Father Jake
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At the moment, the government takes it over until they can find another company to take it on. Your savings in the meantime are given to the Spanish. |
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9 daughters
 |
As far is it affects you, basically nothing happens. Here's the scoop. To you a mortgage is a liability but to the bank it's an asset (it's a source of income). Like other assets (stocks, bonds, cash, real estate) mortgages can be bought and sold. In fact mortgages get bought and sold among big investors all the time.
If we rephrase your question, substituting another asset, the answer to your question will become obvious. If a bank goes bust, what happens to its assets, the cash in the vault, the building, the furniture, etc.? Obviously, these things don't disapper. They're just acquired by someone else. The same thing would happen to your mortgage.
The bottom line for you is you'd just get a notice telling you to mail your payments to a new address. |
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KrazyMuddles
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the govenment will own it until another bank buys that bank that went bust! sadly it doesn't vanish |
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p_lyn79
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it becomes government owned. Stop jumping for joy you still have to pay on your mortgage, it just does not disappear. |
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Dennis S
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Just start mailing your payments to the CEO welfare fund! |
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