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Is it illegal for a lender to sell a house for more than it's worth?
Wiki User
∙ 16y ago
Its a Business, It is fine to sell it for a high price as long as the other party is willing to pay for it .
Wiki User
∙ 16y ago
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How do you refinance a house that you owe more than it's worth?
Generally, no new lender will allow a refinance in that situation. You should speak with your lender.Generally, no new lender will allow a refinance in that situation. You should speak with your lender.Generally, no new lender will allow a refinance in that situation. You should speak with your lender.Generally, no new lender will allow a refinance in that situation. You should speak with your lender.
What are the requirements to refinance a house?
Each lender will have specific requirements for refinancing, but most will expect that your income be significantly higher than your mortgage, that you will be able to pay closing costs after the refinance, and that your house is worth more than you are asking to borrow in the refinanced loan.
How long after foreclosure can you buy a house but your credit score are more than 740?
Ask your lender
Can you refianace a house for more than it is worth to add on?
Yes. Some lender's will give you 125% of value. But I would never recomend doing that. Because if you ever wanted to sell you will find out real quick what a big mistake that was.
Where can you refinance your house?
Your first stop should be the original lender. You have a relationship with them, which means that lots of things will go more smoothly. If that doesn't work, then search online for a local lender.
Can a home loan be included in chapter 7?
Yes you can. After being discharge the lender will continue any process they were into. By filing BK you are only buying more time in the house. In CA it's about 3 monthd or more depending on your lender.
How can you refiance if my loan is more than house is worth?
Generally speaking a lender wouldn't be interested in refinancing your home. It would be handing you more money than the home's value and would take a loss if they need to foreclose. That doesn't make sense. You would not be a good risk.
How does a lender get a judgment against you for a loan when they repossess a car?
You owed more money than the car was worth and they wish to collect the balance.
What are the release dates for My House Is Worth What - 2006 Determining Whether to Do More?
My House Is Worth What - 2006 Determining Whether to Do More was released on: USA: 13 January 2009
Can you lose more than your house in a Foreclosure?
Yes, you can lose as much property and wages as it takes for the lender to recover all of the value you promised to repay.
How do you increase your household net worth in the sims?
you add more items to the house, and have your sims make money too. the net worth is the combined total of the money your sim has and how much the house is worth
Can you buy a house using a fein?
This depends on the lender. A FEIN is sometimes used in place of an SSN when a business is applying for financing. Finding a lender that will lend on residential real estate using a business as the buyer is more difficult than obtaining a traditional mortgage.
