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Mortgages

~9100 answered questions
Parent Category: Loans
Using property (e.g. normally real estate) as collateral to obtain a loan that is paid by the borrower in installments.
It probably depends what state you live in. Google search for the Homeschool Legal Defense Fund. You might be able to e-mail or call them and get the info. you need.
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Is it possible you're getting carburetor icing? This is common in cooler, humid weather after maybe five or ten minutes. The power falls off, runs rough and chuggy, slowly chokes up, requires 15 minutes to thaw barrels out again. Just a possibility. Could be preheat hose or vacuum line/switch. Repla…
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You could try this company I found in Canada, they were very helpful www.siriusconinc.com.also try bikerbandit.com
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There is a recall on the 2001 Malibu blinkers. I'm not sure exactly what had to be fixed but my Malibu was having the same problems but seem to work fine now. There is a recall on just about every late 90's to early 2000's Malibu. Even my 2000 Grand Am has the same recall! If I run the AC they …
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You would need to be legally emancipated. How you go about getting the court order, or if you even need one, depends on your circumstances and your state. Contact a family lawyer in your area.   The reality is very, very few courts grant an emancipation decrees to a minors. And there is no st…
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%DETAILS% Answer The Byerly Pop Co. was located in Arizona. As A boy in the 50's You could still buy their product. I have a bottle with their name on it.
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%REPLIES% Answer I don't have an exact address for the roller rink, but the White City amusement park that the rink was originally built as part of what located at 63rd Street and South Parkway (now Martin Luther King, Jr. Drive). Answer The roller rink was along the 63rd St side of the par…
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From the desk of R If you have not voluntarily signed the property over to the lender that you were in default with there may be a way. Depending on what state you are in there is a time set called "right of redemption period" The best experts to speak with that can offer you all of the details in …
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Assuming that one party acquired the land by virtue of a warranty deed and then conveyed it to himself or herself and spouse by a quitclaim deed, that would be effective as long as the deed was drafted properly. You need to check the tenancy created in the most recent deed. If it is a joint tenancy …
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The cost of home home survey, although it can vary by area is generally over one-hundred dollars and often as high as $350. The more work that the surveyor needs to do, the higher the cost. A large property or commercial survey can be much higher. Keep in mind, that you can generally use an exhistin…
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Call a reputable mortgage loan company to start the process of qualification for yourself and your daughter. Please do consider that, if you are doing this because your daughter does not have the credit rating to do this by herself, that you may end up owning the home or damaging your own credit rat…
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%DETAILS% Absolutely, positively, not.Find out what car dealers don't want you to know at www.dealertricks.com   Sales agreements are not binding to any party however sales contracts are. You are not legally bound if you did not sign the sales contract. Consequently you may have a credit i…
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Talk to the lender to see if you can move your paments up to the end of the month. This would be undertandable enough for them, and they would probably go along with it. Make sure you get it in writing, though.
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If it isn't in the contract that you have to get the oil changed there or it voids the warranty, they can't void it. Read the contract very carefully and make sure it doesn't say that. Just a side note. If it is in the contract, they should have told you. That part won't hold up if you have to go to…
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Answer the pros are that they have no resale value and are therefore cheap. The cons are the same plus they are not a very good car and there are lots better cars out there. My 2001 has 93K miles on it have had no issues at all. Just routine maintenance and just replaced timing belt and water pu…
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Cancelled insurance "They cancell you" What part of "Cancelled " don't you understand? Once your cancelled, you have no coverage. any grace period would have been before the cancel date, not after it. The insurance company is a BUSINESS, if you don't pay them on time, they CANCEL you. BE an adult a…
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Chad, read your contract where it deals with DEFAULT and what makes you in default. Seems that for some reason, the lender did NOT believe the wire transfer was gonna make it. So to be sure they had something, they repoed. have you done anything to make them doubt that you would do whatever you tell…
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%DETAILS% READ your contract. When you are in DEFAULT, they can repo. Legally only one day, but most lenders will work with you if possible.   to whom it may concern, I co-signed for someone and they coundn't make the payments. I got laid off and i couldn't make the payments. I am now curr…
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YES, its the same. You agreed to pay XX numbers of dollars over XX number of months. You didnt do that so you own the balance due.
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60 days is usual for most lenders, however, it varies.
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%DETAILS% Depends on what state you are in and what you do with the car AFTER you stop paying the notes. Do you have a grand plan to get a free car?? Either pay the notes or turn the car in. Be a real friend and dont screw over someone.   If your friend purchased the car, he probably used …
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Yes. That means in the event you try and sell your home, any monies received from the home their portion is given to them first. YES, IF the lender has a JUDGMENT against you.
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It depends of which B/K you file and whether you complete it.
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It makes it LOWER. 2 ways. Get it taken off or wait until it goes away.
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Check out this link: http://www.texascollections.com/collecting_judgments.htm
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Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
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%DETAILS% Answer It should, but you may have to demand/fight for it. The big down payment means less risk to the lender if they have to repossess it. Just a note - a big down payment would need to be close to 1/2 the total value of the vehicle, not a few thousand dollars on a $12,000 dollar l…
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There is a program that assists anyone in the country with borrowing cash for a down payment. There is a great loan product designed to help people who need extra cash now to pay for the down payment of a vehicle. There are about 150 lenders that bid against each other to provide the loans. These …
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Homeowners Insurance and Total Loss. It all depends on what type of coverage you have. If you have replacement coverage, The insurance will pay to rebuild your house so your mortgage continues as usual. If you are not rebuilding then it will pay your mortgage within policy limits. So it is importan…
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Insurance companies offer renter's insurance which covers the person's personal property, such as furniture, clothing, appliances, jewelry, and so forth. The coverage for the house itself is the responsibility of the owner.
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Mortgage insurance is mortgage insurance, usually sold to the applicant at the closing of the purchase of a house. At the title company. It has nothing to do with life insurance, per se, because upon death of the insured, the LOAN is paid off. The survivor RECEIVED NO CHECK. Life insurance, on the …
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Yes. If the person - insured signs the application he can name ANYONE he wants as the beneficary. If not, then you might be able to get "Confidential Life Insurance" without his signature. For more information see www.SteveShorr.com/life.htm
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Mortgage insurance For mortgage - I don't know of any companies that offer unemployment coverage other than through the State, those links are on the disability page. If you are self employed you can get unemployment and disability at your option through the State (CA) if your an employee, it's mand…
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In addition to the information provided above you, as the former owner, may have responsibility for issues NOT disclosed about the property during your time of ownership such as buildings or structures on the property without having proper authority or permits, chemical contamination, structural def…
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There are no "requirements" as in you are required to get it unless you mean Private Mortgage Insurance. 2 different things.I'll assume that you mean mortgage insurance since that is how your question is phrased. The requirement for mortgage insurance is set by the lender at the time you originate y…
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I don't think getting paid on commission will present as much of an obstacle as the fact that your husband has only held his current job for 3 months so far. Banks and mortgage companies usually prefer you've held a job for about two years if I recall correctly. I don't know what his past work histo…
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Do u really need mortgage insurance? Do u have any other life insurance policy? If yes, then that policy is sufficien. Just check that its amount is enough to cover your CURRENT mortgage amount. feel fre to contact back. Answer Mortgage insurance is usually required by the lender if the loan is in e…
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Do you have another life insurance of sufficient amount to cover mortgage, then you do not need extra mortgage insurance. Any way it is also a simple life insurance policy, just named differently to get more business. It is not essential.   Life insurance is not private mortgage insurance (PM…
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Yes, It is typical and customary of all mortgages, does not matter who is doing teh financing. It sounds like the buyer is assuming the seller's mortage. Assuming the buyer has agreed to assume the seller's mortage, if the contract is silent about the mortgage insurance, then it depends if the mort…
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If your house is a "write off" normal coverage limits should cover it under your F&C insurance. All states differ.
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Banks require a 2 year job history, you can have different jobs as long as they were in the same industry. So as long as you can piece together atleast a 2 year job history, you will be fine. If you have any issues there are alternative documentation types such as stated income, no documentation, et…
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You should consult an attorney, but it sounds like the title company was negligent. You should demand they compensate you for it and if they don't, take them to small claims court (or higher level court depending on the amount allowed in your jurisdiction).A CEMA mortgage is a very specific mortgage…
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I just took over a foreclosed home and i spent all morning calling plumbers to come out and unwinterize the house. they told me i can do it myself. Here's how. get 2 or 3 people, the other people are to be in the house 2 make sure all valves, hoses, anything that connects 2 water is turned off incl…
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Either the server or your FTP program is probably set to time out and disconnect you after 15 minutes of "inactivity." Check the server settings on your FTP program. If the problem isn't there, contact your ISP. In addition, you should also enable "PASSV."
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Her child is definitely a US citizen which the baby's birth certificate proves it. but the mother cant apply for residency.
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Nothing wrong with playing the field. But you have to wonder about the years after marriage. That would be a different light. Although it is never honorable to cheat on a girlfriend/boyfriend, a person really has no committment to each other at this point. This does not necessarily mean that yo…
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I am assuming the confession came after you were married. It hurts,... it hurts to be betrayed and lied to and made a fool of. That kind of pain and distrust will take years to heal from. I had never trusted a man in all my life until I met my husband and for some reason, I loved him so wholly and c…
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With air conditioning systems, the equipment runs at peak efficiency when it operates for long periods. Cooling your house back to the comfortable temperature will use less electricity than the unit would use cycling on and off for short periods to maintain the set temperature. If your house takes t…
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It depends on what you will be doing, and of course on your employer. Needless to say it is a good safeguard for both parties. In some states, if you are doing child or health care you have to be bonded and have a background check (usually by the state police). There are bond companies(check the yel…
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Fix Bad Credit 1. DELETE COLLECTION ACCOUNTS Did you know that paying a collection account can actually reduce your score? Here's why: credit scoring software reviews credit reports for each account's date of last activity to determine the impact it will have on the overall credit score. When pay…
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There is not enough credit history for the lender to make a decision. The credit file is a history and if it doesn't go back far enough, or have enough accounts on it, they can't make an informed decision. To solve try to get small things that will appear on your credit, possibly a card with a 500 …
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If the account is a joint account (bill comes in both of your names), then yes, it will be reported to both of your credit reports.
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%DETAILS% The person that makes the most money is the FICO score that will be used to determine your interest Rate.   Mortgage lenders will ALWAYS use the person who has the highest income as the primary borrower. Sometimes in the case of married couples it is better to only use one spouse…
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%DETAILS% I am a Mortgage Loan Consultant and I have made it my area of expertise in working with people with bankruptcies, bad credit, and foreclosures. Firstly you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter …
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Yes, your perfect credit will bring your combined scores up. When you jointly apply for a mortgage they use both of your middle scores to decide on the loan, interest rate, etc. So one without the income but better credit can help the one with the income and not as good credit THEY WILL ONLY USE TH…
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No, you cannot get a mortgage with 0 down with a credit score that low. Sorry   Yes you actually can. Under certain government loan programs you can get a 0 down mortgage with a low credit score. For instance I had a middle score of 525 and applied for a VA loan, which requires 0 down payment…
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Generally, late payments over 30 days late are reported to a credit reporting agency. After that, late mortgage payments can become "missed" mortgage payments. And missed payments can affect your credit score in a negative way. However, your exact late payment will depend on how your specific mortga…
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Usually, one 30 day late can drop your score by 50 points. Since you have 3 such lates, and them being over six months old at this point, I would estimate that your score is being affected negatively about 80 - 90 points. This is what you would be looking to gain. This is assuming all other factors …
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A foreclosure will show on your credit for seven years from the date of last activity.The federal statue of limitations is also seven years for the legal notice of foreclosure in the public records portion of your credit report.There may be other state laws which extend this statue of limitations. T…
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Yes, you can buy your first home with bad credit by accessing federal and local resources and saving for a larger down payment. The first step in buying a home is, of course, to find an assortment of homes that you're interested in, based on their location, condition, size, etc. Because you have bad…
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A promissory note is a kind of written contract. The statutues and conditions under which it can be enforced are determined by the laws of the state in which it is drafted.
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A foreclosure will cause a significant decrease in your credit score. The entry will count against you once in the "trade lines", which is the part of your credit report that contain information about your accounts. It will show again in the public record portion, once the legal action of foreclosur…
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You need to find out and tell us whether or not your utility company(s) report to the credit bureaus. Some do normally, others only report when you pay late, others only report when you get turned over to collection, others never report. There is no way to know which category your specific utility c…
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You can qualify for 100% financing-- see a broker to find you the best subprime programs available for just your scenario...you can even get pretty low rates considering the score is not considered prime or A paper.   I am in the process of looking for a mortgage, but haven't ventured out the…
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Any unpaid debts will not be conducive to procuring future credit. Especially a mortgage. The time frame is irrelevant. Unless the SOL has expired and the debts are untraceable. It still wouldn't be a sure thing, however.
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If you have a history of payments made on time and lived up to the agreement..you betcha! We paid off our mortgage 5 years ago and our credit score has decreased according to the credit bureaus this is due to the fact that we do not have a mortgage. The longer we go without a mortgage (or car loan…
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The answer to this type of question depends on SO many factors.Paying off collection accounts will not necessarily raise your credit score, which is what most consumers believe. The variable is the date the accounts were last reported (or updated) on your credit report. The date last reported, or "s…
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If you ask the lender POLITELY they MAY "correct" this oversight, but they are within their rights to delay crediting your account for anything received during non-business hours until the next business day. One 30-day late payment on your record would probably be overlooked anyway.   I agree…
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The answer to this question would depend upon the your mortgage's acceleration clause, what the note states and the mortgage company's desire to proceed with foreclosure after only a 30 day late payment.Generally, action like a foreclosure is only taken when there is no other means for a mortgage co…
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The sale of your mortgage on the secondary market should have no impact whatsoever on your credit score.You may want to double check the status of your loan with your new lender, and make certain that your payment due date has not changed.You probably signed documents when your loan was originated t…
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Unless the authorization you signed specified only ONE pull of your credit report, then you have little recourse. It is typical for lenders of all types to perform multiple pulls of a consumers' credit report when trying to secure financing. For this reason, the scoring models count multiple pulls w…
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In order to report information to the credit bureaus, a company or individual would have to become a contributing client of the bureaus. There is an expense involved and there are also federal statutes which must be followed. So, for the most part, private individuals do not report to the major cred…
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That's at the discretion of the lender, and/or terms of the loan. If the mortgagee has a good payment history many lenders will not report a single late payment.   It is possible that your mortgage company reported your loan as "past due", but not likely. This is one column/heading in a typic…
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Yes, but it is very unlikely. I used to get calls all the time asking me to remove customer's names off of this list. The reporting bank does have the option to have you removed if you paid owed balances. However, all of this is dependent of: The severity of CS report - If you commited AT…
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Possibly. It depends on what information was exchanged. For instance if the CA divulged the person was in default of a debt.
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Maybe. It is difficult without knowing the state of residency to give an opinion. Every state has Homestead and other exemptions that prevent property from being attached and sold by creditors. Many states have statutes that specifically protect property of senior citizens and/or disabled persons. S…
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There's no reason you couldn't except the difference in interest rates would be substantial. More than likely a much larger amount would be owed/repaid then if the mortgage was paid by conventional means. Also, interest charged on a mortgage is tax deductible, CC's aren't. No mortgage company dir…
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A creditor can only place a lien against property or take other such actions after due process. Which entails filing a lawsuit, winning a judgment, obtaining a writ to enforce the judgment. CA. homestead exemptions are $50,000 for a single person, $75,000 for married couples, $150,000 for 65+. or if…
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Below are the perspectives of some Wiki s contributors about buying a house after bankruptcy: First, any bankruptcy must be "discharged" by the court. You also cannot be in any "Credit Counseling" or other programs that take over your finances. It is actually easier to buy a house than a used car. T…
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From my understanding after filing Chapter 7, our house was not reaffirmed, but the mortgage company clearly states that as long as the payments are kept up they will not take action against the house and if they do, their interest is solely in the house, not contents.
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Answer If you have no assets, then it's a great way to get rid of debt. Chapter 7 bankruptcy is FAST, and normally pretty cheap compared to what you get (all your debt gone). If you have assets, you may be forced into a Chapter 13 and have to pay back some debt. Answer I like Nate's answer. …
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You can file bankruptcy on a home and all unsecured debt. You can include your home if you wish or re-affirm your home and your vehicles. Be sure to go to a Bankruptcy Lawyer and find out first hand. Many offer free consults and will give you a much more reliable answer than myself or any other idio…
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This is one of those "maybe" questions. I would think it doubtful, as you cannot play favorites when it comes to creditors. It will be up to the trustee to decide if that is allowable, and whatever your state statutes allow as exemptions.   I agree with Nikki, this is a "maybe" question. And …
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Sorry, but I don't see how this could happen. Was your ex granted the house in the divorce proceedings. Or were you still on the title? If you want to email me perhaps we could sort it out together. You're best option would be to contact the attorney who handled your divorce. The house should have g…
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That depends on how high an interest rate you are willing to pay. How much cash you can put down, issues of that nature. The general rule 18-24 months after your bankruptcy has been discharged. Some lenders will see you as a better risk, because you will be more or less "debt free." There are ma…
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%DETAILS% Answer You can file for a Chap 13 to be "dissolved". Although it is probably too late for that in your case, as you are already in default. Not knowing the exemptions allowed in your state, it is difficult to say what will happen to your house. You need to consult with a BK attor…
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Your debt is completely your own, and will not affect your fiance's credit rating. It would play a part in purchasing a house in your name only. As far as renting, landlords will usually consider you a "good risk". After BK discharge the person is for the most part (or should be) debt free.
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Spouse's bankruptcyIt can.Since even a quit-claimed mortgage loan continues to show on your personal credit report, it MAY get a notation "included in bankruptcy" (if it was included). This will cause you problems because creditors will be looking at Your public records trying to justify that notati…
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Most likely. They are two separate issues.  Yes. It will show that you no longer owe the debt, as well.  AnswerIt MAY show up, however, if the debt for the vehicle was discharged in bankruptcy, it cannot be reported. There can be no negative reporting on a discharged debt - not even for …
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Ususually in BK a house is either voluntarily surrendered, because it is not possible for the borrower(s) to keep up payments.. Or the buyer reaffirms the loan with the lender and works out a plan to repay missed payments. If your mortgage payments are current, I see no reason why the lender would s…
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If the payments are current, or if an agreement can be made with the lender, and the exemption covers the equity, a house can usually be kept. Second mortgages are dischargeabe, but, they are not subject to the same laws that unsecured debts are. The lender even after the BK discharge can take actio…
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You must have the lien avoided in the bankruptcy court. This has to happen before the bankruptcy case is closed or you have to petition to have the case re-opened.LIENS SURVIVE BANKRUPTCY UNLESS YOU SPECIFICALLY MOVE TO HAVE THEM AVOIDED.   Let me add to the last post.Most of the time, the cr…
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Was the 2nd lien included in and discharged in your bankruptcy? If not, then that lien still encumbers the title to the property and is probably a debt you still owe.
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There is a six year limitation for BK filing. Bankruptcy will delay but not stop foreclosure on secured property, unless the debt is reaffirmed with the lender.
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The only way is try to negotiate a reaffimation agreement with the lender. However, if the house is not protected by the homestead exemption, it could still be in jeopardy.
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It is sometimes said "anything is possible . Nevertheless, given this set of circumstances, it would be indeed be impossible.   Residential mortgage lending is driven by credit scores. You did not mention what your score is. Other factors, like the lack of a down payment and the bankruptcy wo…
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