Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.
If you have a monthly payment, then the amount needs to be included. The lender is doing this so that they know you have the money to pay the mortgage, and that you are not financially overextended.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
You can refinance your mortgage, even after a bankruptcy. Refinancing can even help restore your good credit in about two years! Sit down with your lender and talk about a refinancing plan.
few things i would have to know first ... was the mortgage taken out on the house that you shared ??? did you legally marry him in the USA ??? is the property in the USA ??? if all answers are YES then YES they can ... the house is legally half his by common law ... i take it you never disputed the mortgage... there for you agreed to the loan ... you take on the debt ... if there was a will of intent that named you as a benefactor then you take on ALL of his debts ... you don't say for better or worst just meaning love ...
Yes. As the debt holder you are required to pay for both the first and second mortgage. Both debt instruments are secured by the home, however they are considered independent where the first mortgage was held by a mortgage finance company and the second was held by a bank. If the first mortgage is paid by means of the sale of the home to another entity via auction or some other means, unless the balance of the second mortgage is covered in the process, this leads to a situation where the first mortgage loan holder walks away happy with the debt paid, leaving you with the balance of the second mortgage to pay yourself. Usually, a deal can be worked out with the second mortgage creditor where you can pay less on the mortgage balance than the full balance if you make a lump sum payment to close the debt. This is usually in their best interests as the debt is no longer secured by the home. When you do this, be warned, that the discount that they give you will come to hit your around tax time as this discount is considered a taxable credit. If you find yourself in this situation, make yourself a part of the solution in the eyes of your creditor and get to know your creditor on a first name basis. Do not stop making payments, and if you have... start, and let them know that you are trying to work with them to do the right thing. This will help you keep the debt that is owed out of collections and save the situation from impacting your credit score.
If you have a monthly payment, then the amount needs to be included. The lender is doing this so that they know you have the money to pay the mortgage, and that you are not financially overextended.
First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.First, it is unclear how you know the mortgage company received money toward the second mortgage from the foreclosure of the first mortgage. The lender can sue for the second mortgage. You should consult with an attorney who can seek documentation from the lender to support the amount they are suing you for.
You should look for a mortgage lender that offers a free consultation. They should be very upfront and let you know what the fees will be. You should chose a lender that has a brick and mortar location.
Whether the mortgage is late is none of the renter's business: it's a matter between the landlord and his mortgage lender. The mortgage lender will not discuss business with any other than its client. As long as the landlord has control of the property-- regardless of foreclosure status-- the rent will alway be collected by him and he can evict you if you don't pay.
Yes, a mortgage calculator will help you in your decision to purchase a home. The mortgage calculator will also ask you for various inputs such as pre-tax income, current debt and debt payments, points on the mortgage loan, current rent payments and others to help make the decision.
You can refinance your mortgage, even after a bankruptcy. Refinancing can even help restore your good credit in about two years! Sit down with your lender and talk about a refinancing plan.
A good place to start is at your bank. They know you and your financial situation and can provide you with a fair, regulated mortgage rate. Your bank can also give you information on where to go if you qualify for special mortgage financing if you are a veteran or have special needs.
If it is not too complicated you may be able to do this yourself. Most mortgage companies will be able to talk you through it and let you know what information is needed.
few things i would have to know first ... was the mortgage taken out on the house that you shared ??? did you legally marry him in the USA ??? is the property in the USA ??? if all answers are YES then YES they can ... the house is legally half his by common law ... i take it you never disputed the mortgage... there for you agreed to the loan ... you take on the debt ... if there was a will of intent that named you as a benefactor then you take on ALL of his debts ... you don't say for better or worst just meaning love ...
Yes, it is possible to get mortgage financing for an investment home through almost any bank or mortgage lender. Most financial institutions have an application that is filled out, on it you are to select investment property; this way for legal purposes the bank and government know this will not be your permanent address.
You have an "automatic stay" , which means that the mortgage company cannot contact you. If you have a marital agreement that stipulates that you must make the payments, then YOU need to let him know what the deal is. You should let him know that you are to be "held harmless" on any debt owed on your mortgage.
Yes. As the debt holder you are required to pay for both the first and second mortgage. Both debt instruments are secured by the home, however they are considered independent where the first mortgage was held by a mortgage finance company and the second was held by a bank. If the first mortgage is paid by means of the sale of the home to another entity via auction or some other means, unless the balance of the second mortgage is covered in the process, this leads to a situation where the first mortgage loan holder walks away happy with the debt paid, leaving you with the balance of the second mortgage to pay yourself. Usually, a deal can be worked out with the second mortgage creditor where you can pay less on the mortgage balance than the full balance if you make a lump sum payment to close the debt. This is usually in their best interests as the debt is no longer secured by the home. When you do this, be warned, that the discount that they give you will come to hit your around tax time as this discount is considered a taxable credit. If you find yourself in this situation, make yourself a part of the solution in the eyes of your creditor and get to know your creditor on a first name basis. Do not stop making payments, and if you have... start, and let them know that you are trying to work with them to do the right thing. This will help you keep the debt that is owed out of collections and save the situation from impacting your credit score.