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When you stop the mortgage payments how long can you stay in the house?
Wiki User
∙ 16y ago
It is best to call the mortgage lender and start to make arrangements either to temporarily reduce the payments or to refinance to a better loan. You signed an agreement to pay and you should follow through on clearing this up.
Wiki User
∙ 16y ago
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How long do you have after your house is sold at foreclosure auction in Massachusetts?
How long do you have for what? You may be able to stay for a while as a tenant, usually at the old mortgage rate. It can be for a year or longer, and sometimes you may be allowed to buy the property through a new mortgage.
If a double principal is paid on a mortgage will it be paid off quicker?
If you plan to stay in the home for a long time extra payments toward the principal can reduce the payback time by years depending on how much you pay.
Where can one buy cheap home loans in Montreal?
One can buy cheap home loans in Montreal from the Bank of Montreal where a fix rate mortgage lets one pay mortgage in set monthly payments. Payments stay the same over the course of the term so one can budget with predictability.
How does a person fix bad credit?
To fix bad credit, it can be a time consuming proposition. First you should consolidate all of your credit cards and slowly get rid of them as you pay them off. Pay off your car payments and mortgage payments on time and also stay at a job for a long time. Eventually, you will be able to get a good credit rating.
If you are in Chater 13 and behind on two mortgage payments and now the mortgage company filed papers in bankruptcy court is it too late to pay?
Not necessarily. You need to contact the trustee of your chapt.13 and the mortgage lender. Foreclosures almost always end up as a loss to the lender. If you can make up the back payments and convince the lender that you can continue to make payments on time, they will probably be cooperative. However, the trustee also has a say in the issue, and can opt to have the 13 dismissed. Stay positive, and good luck!
How long can you stay in house after trustee abandons property?
You can stay as long as you keep making the mortgage payments.
How long can a spouse stay in the house after the mortgage holder dies and he or she can't make payments?
forever
You are filing chapter 7 your ex lives in house but your name is on the mortgage how will this affect him and the house?
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.
Can you keep property if a motion for relief from automatic stay is not granted?
Yes, so long as you keep making the mortgage payments. If you stop paying, eventually the creditor will be allowed to foreclose on the property.
How long do you have after your house is sold at foreclosure auction in Massachusetts?
How long do you have for what? You may be able to stay for a while as a tenant, usually at the old mortgage rate. It can be for a year or longer, and sometimes you may be allowed to buy the property through a new mortgage.
If a double principal is paid on a mortgage will it be paid off quicker?
If you plan to stay in the home for a long time extra payments toward the principal can reduce the payback time by years depending on how much you pay.
Can you keep your house after a bankruptcy?
Not unless your bankruptcy did the right things to allow you to keep it. If you are not in arrears in your mortgage payments before filing, you have to continue making the payments - preferably before the due date. If you are in arrears, you must file a chapter 13, with a plan to pay the arrears and whatever part of the unsecured debt you have to pay. Once the plan is completed, you can keep your house. If you get behind in your post-petition payments due, the bank will apply for relief from the automatic stay and you will lose your house.
How long can you stay in your home after chapter 7 bankruptcy in Illinois?
If, after meeting with an attorney, it is determined that you do not have an equity position in your home that exceeds the Illinois statutory exemptions, you will be able to keep your home in a Chapter 7, as long as you continue to be current on your monthly mortgage payments.
If you file chapter 7 but keep your house can your mortgage holder increase your private mortgage insurance?
I have never heard of that before. Refer to your original documentation regarding the PMI and see what stipulations are present. Also - just call and ask them, that may be less of a hassle. 11/07/08. No they cannot increase your PMI cost or coverage as long as you do not renegotiate the terms of the mortgage. If you renegotiate the mortgage, everything is up for negotiation. They can also require that the MI stay in force until your ltv is at 76% instead of 78% if you have had late payments.
How long did paul stay at Judas house after becoming blind?
How long did paul stay at Judas house after becoming blind?
Where can one buy cheap home loans in Montreal?
One can buy cheap home loans in Montreal from the Bank of Montreal where a fix rate mortgage lets one pay mortgage in set monthly payments. Payments stay the same over the course of the term so one can budget with predictability.
You got divorced and left the ex stay in the house with your name still on the mortgage she abandoned the house and quit paying the mortgage can you legally move back into the house?
if the mortgage is in your name then keep paying it off. if the mortgage is in both names of you and your ex then contact the finantial institution for advise so you dont have trouble later down the track with your ex claiming half when the house is paid off.
