If your mortgage lender shuts down and you don't know who the investor is, you can start by reviewing your mortgage documents, as they often contain details about the loan's servicing and ownership. Additionally, you can contact the mortgage servicer, if different from the lender, as they may have information about the investor. Another option is to check with your local county recorder's office for any recorded documents related to your mortgage. Lastly, consider reaching out to the Consumer Financial Protection Bureau (CFPB) for assistance in tracking down the investor.
No, generally you cannot reinstate a mortgage after it has been discharged in bankruptcy. Once a mortgage is discharged (typically under Chapter 7), the borrower is no longer personally obligated to repay the loan. However, the lender, including Dream Home Mortgage, still retains a lien on the property, meaning foreclosure is possible if payments are not made. In some cases, you may be able to work with the lender, like Dream Home Mortgage, to reaffirm the mortgage during bankruptcy, but this usually must be done before the discharge. After discharge, reinstatement is not possible, though negotiating a new loan or modification with the lender could be an option. Consulting with a bankruptcy attorney is advised to explore alternatives.
go and make an appointment with your lender and ask them to add them on the mortgage. be careful if you default and dont pay (for whatever reason, redundancy, divorce, split etc) in the small print there will be the words 'joint and severaly liable'. this means that you are both liable for the full cost of the mortgage and they will chase both of you for the whole amount, and you are legally bound. its not 50/50. think carefully. my advice - dont do it
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
I dont think a bank would finance ANYone that didnt have a house , its hard to make the mortgage when your homeless
A mortgage is a loan from a bank used to purchase real estate. Until the loan is paid off the bank has a lien on the property. The property cannot be sold or refinanced until that mortgage is paid.
No, generally you cannot reinstate a mortgage after it has been discharged in bankruptcy. Once a mortgage is discharged (typically under Chapter 7), the borrower is no longer personally obligated to repay the loan. However, the lender, including Dream Home Mortgage, still retains a lien on the property, meaning foreclosure is possible if payments are not made. In some cases, you may be able to work with the lender, like Dream Home Mortgage, to reaffirm the mortgage during bankruptcy, but this usually must be done before the discharge. After discharge, reinstatement is not possible, though negotiating a new loan or modification with the lender could be an option. Consulting with a bankruptcy attorney is advised to explore alternatives.
go and make an appointment with your lender and ask them to add them on the mortgage. be careful if you default and dont pay (for whatever reason, redundancy, divorce, split etc) in the small print there will be the words 'joint and severaly liable'. this means that you are both liable for the full cost of the mortgage and they will chase both of you for the whole amount, and you are legally bound. its not 50/50. think carefully. my advice - dont do it
First you will need to contact the cars lender to find out if there is a lien on the car. You must have the lender release the lien if there is one before you can legally transfer ownership.
If the law requires you to have insurance (Auto Liability) or someone else does (your mortgage company, your auto lender) you could be in hot water if you don't have it. Otherwise, you don't have to have insurance.
In a reverse mortgage, you receive money from the lender, and generally dont have to pay it back for as long as you live in your home. The loan is repaid when you die, sell your home, or when your home is no longer your primary residence. The proceeds of a reverse mortgage generally are tax-free, and many reverse mortgages have no income restrictions.
Generally within two years of a bankruptcy discharge the consumer(s) can usually find a mortgage lender. Of course the consumer must have established a good credit history, have acceptable income level(s), and so forth. Even if all the criteria is met the lender may require a cosigner.
Yes you can. I had a vehicle repoed before in the early 90's. You have to get in touch with your lender from where the car loan originated and ask them the total amount to retrive vehicle will be, and the place that they have it in storage before it goes to an auction. normally it is 30 days before the care goes into an auction. After you satisfy amount to car loan lender. Take receipt may it be an online copy or a nearby office of the lender and get a receipt. Make sure you have in handy the 800 number of number the car loan lender gives you so you dont run into problems with the storage that they can call themselves.
"YOU" dont, the debtor does. call the lender.
Yes. The bank could foreclose and take possession of the property subject to the first mortgage.
I dont think a bank would finance ANYone that didnt have a house , its hard to make the mortgage when your homeless
no you dont have to
Yes, but its never wise to reaffirm a mortgage. Even if you dont reaffirm, as long as you keep making the mortgage payments, the bank wont foreclose.