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What else can I help you with?
If you have an FHA loan and are in default can you ask FHA to take over your loan?
Hello, You can not ask FHA to take over your mortgage. The best thing you can do if you can not continue to make your payments is sell your home. If possible, you really need to do this before the home is foreclosed on.
Are you liable if your spouse has a foreclosure but your name is not on the loan or the final deed when it was signed back to the bank?
The liability in foreclosure comes from the responsibility for the mortgage debt. Regardless of your legal ownership or interest in the home, you do not have liability for the mortgage debt if you are not a party to the loan (did not sign). The home is the collateral for the loan and can be foreclosed and sold as recourse when the loan goes into default. While everyone who has an interest in the home loses their rights to the home when it is foreclosed, the liability for the loan and any negative actions associated with that (collections, lawsuits, negative credit reporting) belong solely to the signers on the loan.
Will a collection agency come after me on a defaulted mobile home loan a written contract or a promissary note?
If you default on any loan, you can be sure that a collections agency will come after you. If it is a large enough loan that it supported a home, they won't stop with a few letters. You can expect that your home will be foreclosed upon if you ignore the debt.
Can a home be foreclosed on due to default on a business loan?
IF HOME IS PART OR UNDER BISINESS OR USED FOR . THARE FOR IS .PART OF AND CAN BE TAKEN. TO COVER LOAN FROM BANK. AND ALSO DEPENDS ON HOW IT WAS WRITTEN. AND OR HOW MUCH MONEY YOU HAVE FOR LAWYER. ALOHA AND GOOD LUCK GOD BLESS
What is a Notice of Rescission of Declaration of Default and Demand for Sale and Notice of Default?
A Notice of Rescission of Declaration of Default is a mortgage loan that was once in default, and a notice of default would mean that the loans are still currently foreclosed in a way.
Will the government repossess your home for student loan default?
No, they will not.
How do you prevent a home mortgage loan company from securitizing your loan?
In the U.S., most home mortgage loan companies sell or securitize loans as part of the lending system. This process—where your loan is bundled with others and sold to investors—helps lenders free up capital to provide more loans. For borrowers, securitization doesn’t usually change the loan’s terms, but it can feel confusing when your loan is transferred. Can You Prevent Securitization? Generally, no. Once you take out a mortgage, lenders have the legal right to sell or securitize it under federal law and the original loan agreement. Contract Terms: Unless your contract explicitly states otherwise (rare), borrowers cannot stop securitization. Servicer vs. Owner: Even if your loan is securitized, you’ll continue making payments to your loan servicer (the company managing your account). What Borrowers Can Do Instead Choose Your Lender Carefully: Work with mortgage lenders or credit unions that typically keep loans in-house (called “portfolio loans”). Understand Terms: Ask upfront whether your loan is likely to be sold or securitized. Stay Protected: Remember, securitization cannot change your interest rate, monthly payment, or other contractual obligations. At RiseUp Financial, our focus is connecting you with home loans and home improvement financing options that are transparent and easy to understand. While securitization is part of the broader lending market, your repayment terms remain the same—and our goal is to ensure you always feel confident and informed about your loan.
Who is resposible for the assumable loan if it foreclosed on?
the original loan holder
Can you get a business loan for your incorporated LLC business if you have had a home foreclosed--is it best to get a silent partner?
If the home foreclosed on happened more then two years ago you should be in the clear. A silent partner is probably the way to go.
How can someone with bad credit get a home loan?
The Federal Housing Administration can assist people with bed credit get a home loan. They have programs available for people who have declared bankruptcy or have a foreclosed property.
Will the bank sue you if you foreclose on your home loan?
Yes, the bank will sue you if you default on your home loan and place your house in foreclosure.
What is loan default?
If you don't pay a loan when due, you default on the loan.
