 They are trying to back out of our offer and acceptance? |
Made a offer on house they accepted and signed a offer and acceptance. Now they say they need more money so they can move out of state. What should I do now?
Additional Details
In A... |
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 How good of a company is Countrywide for refinancing and home equity loan? |
| I AM LOOKING TO REFINACE MY HOUSE AND TRYING TO TAKE SOME CASH OUT BUT DONT KNOW WHICH COMPANY TO GO WITH.... |
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 How much notice do i legally have to give to leave my rented property? The contract says 2 months...? |
legally can i just give one month?
I have been in the property more than 6 months...(as per tenancy agreement minimum term)
its is in england.
Additional Details
I had heard ... |
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 Huge landlord/Tenant dispute!? |
| I moved into my apartment in the beggining of August. I payed my rent as required. The landlord agreed to keep the electric in her name untill I could figgure out a way to have it in my name ( I can ... |
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 Should we buy a home or continue to rent for a year or two? |
| Okay, I know that buying a home is a great idea. But I have some questions concerning it. Here is my scenerio: My husband and I live in the Houston, Texas area. Our lease is up in a month and a ... |
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 Weird question... My RE agent flipped out when I asked him how much I was paying him? Thoughts? |
My thoughts are that I am fully entitled to be crystal clear about any and all expenses that I should expect down the road. What are your thoughts?
Additional Details
For the sake of ... |
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 Can we be kicked out of our apartment for yelling? |
| We have had a couple of yelling fights. They only last about 5-10 minutes but now our manager is telling us that she will give us a 30-day notice if it happens again or my husband has to leave.... |
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 Help Me Please? |
| I got a house in my name. My brother was a Co-sign. He filed for bankruptcy. Can he filed for that and I'm the account holder? If so, he let it go backk as a repo. Will it show up on my credit?... |
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 Renter refuses to leave!? |
| renter refuses to leave even though we gave him a termination notice, he hasnt paid the rent, the house is a mess and everytime we call he says that we cant do anything about it because we are far ... |
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 I plan on applying for a mortgage loan and had a foreclosure and bankruptcy 3 years ago...help me here.? |
| Ok I went through a bad divorce, bankruptcy, forclosure on the home we lived in. Three years later, I got a few some personal loans, a new car loan and 2 credit cards(they only have very small usage).... |
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 What would you prefer? |
| If you had the choice of living in a three bedroomed large house on a council estate or a terraced 2 bedroomed house within walking distance (5mins) of a town centre which would you prefer? The three ... |
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 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 ... |
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 Could I afford to buy a house (or a condo or some other dwelling) on a yearly gross income of about $38,000? |
| I live in Silicon Valley and I currently rent. I am single and just curious if it would reasonably be possible. Also, I only have about say maybe $4000 or $5000 I could possible use as a downpayment.... |
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Dan H | My mortgage company transferred my loan to another company under questionable circumstances. Any advice? |
I lost my job in June. First thing I did was contact my mortgage co and came up with an agreement to catch my loan up with my tax refund. However, I just received notice through the mail that my loan has been transferred to another company. In the legal copy, it stated that my current provider should have sent me a Notice Of Warning 15 days before the transfer. That never happened. This is a shock that this has happened. Do I have any legal recourse? They transferred my loan to a mortgage company I have dealt with in the past... and got screwed over by them. I don't want this to happen, again. Any advice or answers would be appreciated!
Additional Details
I will rephrase the details from previous... I KNOW it is typical practice for mortgage companies to buy and sell mortgages. That is not the question, in this case. The question is, since I lost my job on June 1, I have fallen behind in my payments. I reached an agreement with my mortgage co that I would catch up with my tax returns in Feb. 08. Since then, I received a notice that my mortgage has been transferred to another company. In the notice, it states that BY LAW I should have received a warning by my old mortgage company 15 days ago. I have not received such a notice. Because I did not receive this notice required by law, do I have a case? Thank you for all who have answered and who will answer. |
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Mike
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You need to talk to an attorney who specializes in real estate law now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...
You could lose your house!!!!!!!!!!!!!!!!!!!!!!!!
You say that you are behind on your payments. That gives the holder of your mortgage the right to file a Notice Of Default.
The net result will be a dramatic increase in your costs and the possible loss of your house. The mortgage holder will add penalties and late fees to the amount of money that you owe to mortgage company.
Have you been able to find a new job?
Unfortunately you may be in a posititon where you will not be able to get the money to make the mortgage payments on your house.
You need someone with a great deal of expertise in the area of real estate law to advise you. You will now start receiving enormous amounts of advice from people who do not know what they are doing and in some cases advice from people who will pretend to be your friend but are really only interested in stealing your house and your equity in your house from you.
Now more than ever, that is why you need an attorney who specializes in real estate law.
The attorney will not only help you make an informed decision of what to do, but also even more importantly your attorney will help you sort out the bad destructive advice that you will receive from people who find out about the problems that you face.
I wish you much success. Right now things probably look rather desperate to you, but with the proper advice from an attorney you will have a much better future. |
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Landlord
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A case against what? Them selling your loan? The loan should still be according to the contract you signed. I am not sure what "a case" would be as you suffer no loss, in fact no effects at all, from this exchange. |
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ogg08
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for the most part, any mortgage company has the right to sell their loans to another lender with or without notice as the terms and conditions are normally the same.... find another job in a similar profession and refinance w/ another mortgage company... |
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bostonianinmo
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You might have a case, but you'll need to retain an attorney to enforce your rights.
As to the agreement with the first mortgage company. Did you have a WRITTEN agreement on catching up by Feb 08? If so, that agreement must be honored by the new holder of the mortgage. If it was a verbal agreement, it's worth the paper it's printed on, i.e. it's pretty much unenforceable. |
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radio80flyer
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Companies buy and sell motgages all the time. It's called trading paper. As long as the terms of the contract are the same, I see no problem with that. |
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unisberkensap
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Loan Servicing is subject to Real Estate Settlement Procedures Act.
TITLE 12--BANKS AND BANKING
CHAPTER 27--REAL ESTATE SETTLEMENT PROCEDURES
Sec. 2605. Servicing of mortgage loans and administration of escrow accounts
You are entitled to collect for actual loses incurred due to failure to receive notice.
Doesn't sound like you have a "case".
You may want to look at http://www.naca to see if there is some help for the mortgage there. |
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W. H
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Case? What case? Lenders can buy and sell loans as much as they want. The terms of the loan can not change. Generally lenders dump loans that are near default. Some lenders are better then others with dealing with collections. If anything, the lender has a case since the income the loan was approved on has decreased. You entered into a contract. It is up to all parties involved to agree to any motifications. Call the new lien holder. The money you would spend on an attny would be better applying to getting the mtg back up. |
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mbrcatz
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No, you don't.
Mortgages get sold all the time. Likely, when you "got behind" in the mortgage payments, the original mortgagee decided to sell it off to someone who takes higher risks.
There's no such thing as getting a mortgage that can't be sold to someone else. Unless it's through Mom and Dad, or your local bank, with a non-transfer agreement. |
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doclakewrite
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you need to go to the manager of your mtg company and find out why you were not notified...and why it was transferred.
next would be a lawyer.... |
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acermill
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A case for WHAT ? Your mortgage loan has been sold to another firm, and that firm will handle mortgages according to their custom. The only thing which does protect you under law is that they cannot report your account as delinquent for the first sixty days after they purchase the contract.
After that, you're on your own. Whether or not your new mortgage owner will agree to the same terms that your old one did is up to the new mortgage holder. |
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