 I was going to make an offer on this house ,but the estate agent told me I had to pay them £120? |
| I am talking about scunthorpe,in north lincs.I liked this house on the internet.I told the agent on the phone I would probably pay the asking price if I liked it (this town is 300 miles away from me) ... |
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 Is it legal for my landlord to ask for a photocopy of my ss card? |
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| My husband left on Frioday last week to start a new job. The kids and I aren't going till end of June. I am giving my notice on the 1st that we will be out at the end of June. I plan to pay June&... |
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 Does my house need Hardwood Floors? |
| We just bought a house that needs all new floors. I don't have a lot of money to put into it. I'd like to save a little money and put laminate flooring in the main living areas and kitchen. ... |
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| i own a static caravan in west wales uk .the owner has put my rent up £400 18 months ago and now this year another £500 ...do i have any rights?... |
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| My future husband suggested in lieu of adding me to the mortgage of the house in which we have been living in for 2 years,(he bought it himself right before we met) that we make our wills after we ... |
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 19 want to move out of home need tips? |
| Im 19 and me and my mum are having some difficulty and Im thinking of movin out and renting a house in the next 6 months.Im currently working and earningg $764 weekly and doing modeling on the side.I... |
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| How do home loans work when you have a home loan and want to sell your house and get a new home? |
| Say, you have a home that you still owe $$ on.....You want to sell this house and buy a new one. Would you take the money you get for selling your current home and put that toward paying off your ... |
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| What is a good downpayment on a mortgage between $125000 to $140000? How is a good way to save it, while paying off bills? What are some of the things you need for easier approval by the banks?... |
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| Another offer last night |
| I've been wondering about this. I currently have an offer on my house for 185K *its listed @ 187,900* Another offer was presented last night, however it was LOWER than the offer we accepted, ... |
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 Home Loan options? |
Hi, we are the first time home buyers purchasing a new home. The builder has preferred lender who offered us following details on our jumbo loan:
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Donna B | Why hasn't the government jumped in to help people in foreclosure because of predatory lenders? |
I am in foreclosure in Maine because a lender set me up for a payment I could not legitimately afford, and am losing my family home that I have owned for 20 years, and my grandfather owned for 20 years before that. My mortgage is $2,012 per month ($2,600 offered in a "work-out") and my monthly take-home pay is $2300. Go figure. AND they charged me $19,000 in closing costs!!! I have just been told that 7 out of 10 homes in Maine are in foreclosure because of this same scenario. This is a MAJOR crisis and the only people out there to get help from are other predatory lenders willing to do the same thing to me to help "save my house" - it continues to go on. I have worked full-time all my life, always paid my taxes, am a law-abiding citizen, and yet, I can find no state or federal programs that I am "eligible" for because I "make too much money ($38,000 per year faily of three), and I am not an immigrant. Someone please explain this to me. |
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newmexicorealestateforms
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Yikes, here is the best I can do to alliviate the concern
Foreclosure requirement by HUD guaranteed loans: http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=MLET&s1=90-$%5Bno%5D&op1=AND&SECT1=TXTHLB&SECT5=MLET&p=1&r=39&f=G
HUD consumer complaints: http://www.hud.gov/offices/hsg/sfh/res/resrefer.cfm
HUD Sample of Good Faith Estimate: http://www.hud.gov/offices/hsg/sfh/res/resappc.cfm
HUD Real Estate Settlement Procedures Act: RESPA the entire statute
http://www.hud.gov/offices/hsg/sfh/res/respa_st.cfm
HUD Initiations of foreclosures, an explanation
http://www.hudclips.org/sub_nonhud/cgi/nph-brs.cgi?d=HBKS&s1=Foreclosure+procedures&op1=AND&l=100&SECT1=TXT_HITS&SECT5=HBKS&u=./hudclips.cgi&p=1&r=83&f=G
Fixing your debt problems information from the US Government
http://www.ftc.gov/bcp/conline/pubs/credit/kneedeep.htm
National Home Recovery Program for foreclosures http://www.nhrp.com/
FTC: High Rate – High Fee Loans (know your rights): http://www.ftc.gov/bcp/conline/pubs/homes/32mortgs.htm
Steps that can be taken to prevent foreclosures: http://www.consumerlaw.org/initiatives/seniors_initiative/advforcl.shtml
Dreams Foreclosed – Scams about foreclosures – A pamphlet: http://www.consumerlaw.org/news/ForeclosureReportFinal.pdf
Predatory Lending information from ABA: http://www.aba.com/Consumer+Connection/CNC_pred1.htm
Mortgage Loan Fraud a report http://www.fincen.gov/MortgageLoanFraud.pdf
Racketeer Influenced and Corrupt Organizations Act – RICO
http://usinfo.state.gov/usa/infousa/laws/majorlaw/rico/rico.htm
That should give you plenty of information to do your research in.
Best of luck and sorry about your situation |
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theshadow01
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Why should my tax dollars bail you out of a poor financial decision? If you have owned that home for 20 years you should not have some huge mortgage, unless you borrowed heavily against your home. Did you read the contract before you signed it? Did you ask for clarification on any points that you did not fully understand?
I don't mean to sound harsh, and it makes me sad that so many folks around the country are losing their homes (25,000+ foreclosures here in FL just last month alone). but the truth is that you, and all of the others signed those loan papers. Very few people bother to have a lawyer read them first, and then want to blame someone else for the situation that they now find themselves in.
Good luck to you. I hope you find a way to save your home. |
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jim r
 |
They hae not stepped in yet, but they are aware of what is occuring with the recent increase in foreclosures around the country. They are persuading lenders/banks to offer assistance to home owner's to help them keep their homes. Some banks have taken the lead and are coming up with programs to work with people, becasue believe it or not, foreclosures are costly to the banks as well. And they very rarely recooperate their money.
I really do not think you are being fair by saying you were "set up" for a payment you could not afford. I am sure you were aware of what your payment would be when you signed your loan documents. |
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txrealestateagent
|
I don't know the specifics of your situation, but here are my general observations:
There are two scenarios here: 1) People who don't have a full understanding of what they are signing and/or don't read what they are signing. 2) People who have been misled/lied to. #1 also plays into #2.
My experience is that most of these situations stem from #1 above. People don't read the documents. They rely on wha the by the mortgage broker/lender has SAID to them and not what is in writing. In any type of business this is a receipt for disaster.
Unless someone falls under #2 above (misled/lied to) I don't have much sympathy and don't believe that the government should bail them out. I have a hard enough time paying my house payment. I don't want to pay one for someone else.
In the case of #2, I think the government should come down with the biggest hammer they can find. Unfortunately, they wait until it is to late and they have to scramble to make themselves look good by doing something after the fact that they knew was going to happen beforehand.
For all of the talk of "predatory lending", I don't see it. |
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RickRN
 |
They are working on it. Unfortunately, it is at the state level. I'm trying to do business in all 50 states. All of the licensing and compliance issues are a nightmare. I can't afford to pay a team to keep up with it all. I wish mortgage companies were only federally regulated. I'm sorry you were taken advantage of. |
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teresa w
 |
Let's face it the government could care less! My first question is do you have a adjust rate or a fixed rate? I never suggest anyone to go with adjust rate because the payments can go over the top. I would not give up! Go see a lawyer that can help you find some type of help. Not one of these that offer you a deal that is too good to be true type of things. Also go to a good credit counselor at you county office. You might need to call them first. They can sometimes offer you things that other places can't. A lot of times they can contact your creditors and talk with them. Good Luck! |
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Deb S
 |
I know how you feel. I am in the same boat here in California. I refinanced to put my son through college & was not told of all the contract contained. Now, I am in a high mortgage & it goes up next year! Have you tried talking to a lawyer? I've heard lots of commercials lately about this happening all across the nation & the possibility of help. I haven't tried to do anything yet but I could wind up having the same happen to me! I pray it all works out for you!!!! My problem now is that my FICA is so low NO ONE will refi for me now! Not even the current mortgage company!! |
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Gimmesomeyourcookiedough
 |
I know someone going through the same thing. Their mortgage payment was too high for them and now they're going into foreclosure. It's really sad. |
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linkus86
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Banks are highly regulated and aren't always at fault for borrowers who don't read the fine print. Still, I understand where you are coming from. The republican still holds the country by its' neck and they aren't usually known to empathize with the common man so I wouldn't expect any new deals to come your way. There is an existing government program that might be of help, but I am not sure if they do refinancing issues. You might have to call them to make sure. See link below. |
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