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17y ago

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Related Questions

What happens with a Mortgage modification after 5 years?

your loan becomes due ?


Is there a payment due if your mortgage company sells your mortgage to another mortgage company?

Yes, no matter what happens to the owner of your mortgage, you should always make your payments on time. A loan sale or servicing transfer does not mean you can skip a payment.


If a bank that holds your mortgage fails what happens to that mortgage?

See http://www.fivecentnickel.com/2008/09/22/what-happens-to-your-mortgage-if-your-bank-fails/


What happens to the second mortgage if the first mortgage is sold?

Nothing happens to it. It still remains in second place.


What happens to second mortgage if first mortgage is foreclosed?

If the first mortgage is foreclosed the second mortgage lien gets wiped off the property by the foreclosure so the property can be sold free and clear of the second mortgage. However, the mortgagor still owes the debt to the lender and the lender can pursue collection of the amount due by a civil lawsuit.


Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?

The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.


What happens if payoff 1st mortgage and keep 2nd?

You will then have one mortgage and not two.


What happens if I don't pay my mortgage?

Unfortunately, foreclosure happens.


What happens if you cant pay your dutch mortgage?

what happens if you become unemplyed and wish to reduce your mortgage payments are there any options in holland


What happens if an alien comes to take over your house and they ask you for your name?

You tell them that you will tell them your name as soon as they show you the money to pay the mortgage; you will sign it on their receipt.


If a person left a house in a will with a mortgage payment what happens with the mortgage?

The mortgage has to be resolved. Either it must be sold and the mortgage paid off, or the person inheriting obtains a replacement mortgage.


What happens to your mortgage if your condo is condemned in California?

You can find the answer you want by asking the mortgage holder.