0
What happens if you are in a Chapter 7 and am 1 payment behind on my mortgage I am in New Jersey?
I am not sure about in New Jersey But in Florida if you can prove ability to pay the MTG they will allow you to keep home if you can bring it current, in my bankruptcy, at the time of consult i was current but fell behind before i went ot court so i included the house in the bankruptcy and was able to buy a new home in 2 years
What else can I help you with?
What is the address of the Jersey Mortgage Company?
The Jersey Mortgage Company has 3 locations in New jersey and one in Florida. The Cranford Office is located at 20 Commerce Drive Suite 340, Cranford, New Jersey 07016. The Manasquan office is located at 38 Taylor Ave Suite 2A, Manasquan, New Jersey 08736. the Parsippany Office is loacted at 140 Littleton Road, Parsippany, New Jersey 07054.
Can you have owned a home and be a first time buyer?
In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) which offers a below-market, fixed interest rate and can help with your down payment.
Can you refinance after a dismissed Chapter 13 bankruptcy?
FHA will not penalize you. Find a FHA approved lender in your area and as long as your payment history in your chapter 13 was good, they should be able to help you.You must go through the court and trustee. They must approve your new debt. It must make a lower rate, payment etc.).You can also buyout (payoff) with a FHA refi.The rate and/or the ability to refinance depends on several factors:your credit scorethe value of your new loan to the value of your home (this would include the payoff for your mortgage, debts, costs of doing the refinance)has your b/k been discharged? or if chapter 13 are you trying to buy out?is the rate going to help you?is it worth it to refinance?More information:The thought of filing for Chapter 13 bankruptcy is a tough pill to swallow for many homeowners. Many attorneys fail to tell their debtors that they have options beyond filing a BK 13. For many, the Chapter 13 is the best option because it provides a fresh start and freezes interest and penalties. Debtors that have determined the Bankruptcy status is appropriate, can Refinance their mortgage after 36 months and are not required to pay any unsecured debts. 95% of the time this is the best option for the debtor. Under BK law, the unsecured debt is washed on a BK 13 in the same way unsecured debt is washed under a BK 7. Debtors that can pass the means test, can simply refi their mortgage under a foreclosure bailout program and file a Chapter 7 without ever needing to file a 13 and payback the unsecured portion. Many borrowers and attorney are simply unaware of the programs that exist.Typically a foreclosure bailout will go to 65-70% LTV (loan to value). With the new laws enacted in October, many attorneys have been encouraging their clients buyout their debt. The way the process works under a tradition Chapter 13 Refinance would be as follows: My credit rehab programs is started with a 2/28 Arm that will payoff the existing mortgage and the items rolled into the bankruptcy. My program will lower the debts monthly payment and discharge their bankruptcy upon funding. Many times borrowers are able to take cash out of their home up to 90% LTV. The higher LTV will require a 0x30 rating on the trustees report (12 month history) and a 0x30 rating on their mortgage (12 month history). 80% LTV is allowed up to 2x60 on the mortgage/trustee payment history. There is no limitation on document types. Loans can be stated income stated asset or Fully documented. Obviously the interest rates will be more favorable by documenting income but is not required.After two years of timely payments to your mortgage the 2/28 ARM can be refinanced to a lower 30 fixed if a fixed is desired. Being dismissed from a BK is precarious situation to be in. However, there are many banks that will allow a mortgage to be protected even if the debtor has been dismissed. As previously discussed, a dismissed BK debtor has the same options available as the debtor that never file a 13. The premise is to protect that mortgage and anything that would affect title to the property. Usually the open unsecured debts can be paid as well. Its very important when refinancing your Chapter 13 that you use a chapter 13 specialist. Chapter 13 buyout are not like a traditional refinance.Many brokers are unfamiliar and inexperienced with Bankruptcy law and the process varies from state to state. i.e Pennsylvania does not require a motion to be filed with the court to get an approval to refinance a BK 13. Across the bridge its neighbor New Jersey does require a motion and the process takes much longer. Work with a mortgage professional who knows the attorneys and the trustees.Options:Option 2: If it is not dismissed and you have been making your mortgage payments on time, you can get what is called a BK buyout.Your credit score must be at least 520 or above.You must have enough equity in the house to pay off the Chapter 13,Option 3: If your credit score is 580 or above you don't even have to pay the Bk off again as long as your mortgage history is perfect. You can lower your rate and get cash out to pay off other debts etc. As the mortgage market has changed, so have the above criteria.Mortgage BrokerYou need a mortgage broker pass on the direct lender or bank they will not work with you at this time like a broker will. Make sure he or she has experience in this type of loan they are more difficult to place. Get your merged credit report your broker will know what this is get an idea what your FICO score is the broker should counsel you and I do how to increase this score and therefore decrease your rate. Who knows you might be pleasantly surprised that your FICO might be higher than you think.
What are the advantages of a Columbia home mortgage from Columbia Bank in NJ?
Columbia Bank in New Jersey have several advantageous features connected to their home mortgage loans. These include a variety of fixed or adjustable interest rates, a pre-approval certificate, and an interest rate lock-in for up to 75 days if required.
Who can be considered as a first time home buyer?
It i more likely that a first time home buyer is someone that has never bought a home before, either that means that you have never picked out the home or you have and someone else has paid for it. Either way that person would be a first time home buyer. Depending on what state you live in there are factors that could place you in the category of first time home buyer even if you have previously owned a home. In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). This loan offers a below market, fixed interest rate and can even help with down payment. I would check with a mortgage company in your state to see if there are similar programs available.
In New Jersey can the mortgage company demand full payment if you become late or past due after chapter 7 bankruptcy?
Yes...AFTER BK provides NO protection or change in you obligation
What is the top mortgage refinance company in New Jersey?
Bank Of America is currently the top mortgage refinance company, nationwide. Amongst local outfits, Somerset Mortgage Lenders are the most highly rated in New Jersey.
What is the average mortgage for a one bedroom condominium in the state of New Jersey?
A banker in New Jersey can answer your question.
How old can you be to purchase a home in New Jersey?
You need to be at least 18 (or a legally emancipated minor) to enter into a contract, such as a home purchase. There is no upper limit on age for cash purchasers, although some mortgage companies might be reluctant to grant a mortgage with a low down payment to someone over 70. (A youthful co-owner might help, or mortgage insurance.)
What is the web address of the West Jersey Chapter National Railway Historical Society Inc in Palmyra New Jersey?
The web address of the West Jersey Chapter National Railway Historical Society Inc is: www.westjersey-nrhs.org
Where can one find comparisons on mortgage rates in New Jersey?
There are a number of online sites which contain comparisons of mortgage rates in the state of New Jersey. The web domains "Zillow" and "BankRate," for example, each offer this service.
What colonies were given in payment of debts?
New Jersey and Pennsylvania
What is the address of the Jersey Mortgage Company?
The Jersey Mortgage Company has 3 locations in New jersey and one in Florida. The Cranford Office is located at 20 Commerce Drive Suite 340, Cranford, New Jersey 07016. The Manasquan office is located at 38 Taylor Ave Suite 2A, Manasquan, New Jersey 08736. the Parsippany Office is loacted at 140 Littleton Road, Parsippany, New Jersey 07054.
Where is the West Jersey Chapter National Railway Historical Society Inc in Palmyra New Jersey located?
The address of the West Jersey Chapter National Railway Historical Society Inc is: Po Box 647, Palmyra, NJ 08065-8065
Can you have owned a home and be a first time buyer?
In New Jersey, if you haven't owned a house in the last 3 years, you are considered a first time home buyer and are eligible for the First Time Home Buyer Program funded by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) which offers a below-market, fixed interest rate and can help with your down payment.
Where to pay ticket in New Jersey?
Traffic and parking tickets in New Jersey are handled by Municipal Courts. You can either make a payment directly to the municipal court, or New Jersey offers a statewide online ticket payment system. In order to use the online system, you will need the ticket that was issued to you so that you can enter the ticket number. You can find this site at the New Jersey Online Ticket Payment related link. If you need to directly contact the Municipal Court that issued the ticket, visit the New Jersey Courts Guide related link for a complete directory of New Jersey Courts organized by county.
What will be the payment method for hiring graphic design service in New jersey?
Cheques, bank transfer, cash.
