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Is there is help to pay your 2nd mortgage home line of credit that is in default?
Wiki User
∙ 12y ago
Generally no. People lose their homes often by overextending themselves through home equity lines of credit.
Wiki User
∙ 12y ago
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What if you default on a home equity line of credit?
A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.
Can mortgage company foreclose on an estate home in probate?
Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.Yes, if the mortgage is in default.
Where is it possible to refinance a home mortgage if someone has bad credit?
There are many places a person can go to refinance a home mortgage if they have bad credit. Bad Credit OK and Quicken Loans are two websites a person can use to help refinance their home mortgage.
If I own a home with a co signer and file a chapter 7 will their credit be affected?
If the mortgage payments are still being made then no - they won't be, however - if you default on the mortgage payments then yes - they will go after the cosigner and if it is not paid their credit will be effected.
Who offers bad credit mortgages in Wisconsin?
There are several mortgage companies that help people with bad credit. You can try Inlanta Mortgage and Home Savings of America.
Where can one get a home mortgage if one has bad credit?
One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.
Is Maine a non recourse state for mortgage default?
Yes, Maine is considered to be a non-recourse state for mortgage default. A non- recourse means that if you default on paying your mortgage, the government can take your home from you.
How could the FHA help with a bad credit home loan?
The FHA can help with a bad credit home loan by allowing one to get a mortgage despite having bad credit. They are loans insured by the federal government.
Is not a form of revolving credit i. Overdraft ii. Credit card iii. Charge card iv. Home equity line of credit?
Home mortgage
Can you go into foreclosure if you default on your second mortgage?
Yes. Your second mortgage is secured by your home, so if you default on payments, the lender has the right to foreclose.
What happens with your credit if you lost the house for unpaid taxes?
Technically speaking, your home has nothing to do with your credit. A loan taken out with the home as collateral does. Therefore the foreclosure of such collateral by the county for unpaid property taxes will not affect your credit. It is very rare that any lender would allow the county to take a home they have a loan on (they will usually pay the taxes) so I assume you owned the home without a traditional mortgage. What will affect your credit are things like: Tax liens Late payments to a mortgage company Default on any mortgage debt
What is needed for a home loan if you have bad credit?
Here's a site that can help guide you in getting a home mortgage loan with bad credit: http://www.debtworkout.com/bad_credit/home_loan/mortgage_guide.html
