Loans

To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale.

Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house).

If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.

Yes, however, the company is not likely to do so.

Payday loans are generally less than $2,000 so most payday lenders will not go to the trouble to sue someone.

However, what they may do is sell the bad debt to a collector and that collector may be willing to come after the debtor as collectors are set up for recovery via the legal system.

Yes, depending on the state in which the vehicle is domiciled and the loan is originated.

In general, if after thirty (30) days a payment is not made on a vehicle then a finance company may notify the borrower that they are going to reposess the car.

For customers with good credit, the threats do not come until after sixty (60) or ninety (90) days. For customers with historically poor credit, the threats will come as soon as possible (30 days).

This likely refers to the process to ensure that a property is clean of other encumbrances and debts before a new mortgage is given. Some examples if these might be past due HOA fees.

No.

Any home equity line uses the underlying property as collateral. A home equity line will only be extended if the following are all true:

* The valuation of the home suggests that there is equity left over after meeting the obligations of the primary/first mortgage

* There is not already a second mortgage outstanding

* The credit worthiness of the borrower is good (score of 720+)

Instant equity is usually only generated through the refinance of a house (revaluing the home upwards from where the valuation was when obtaining the first mortgage). At that time, one may cash out part of that equity increase and apply the amount cashed out to the new loan.

The popping of the housing bubble has greatly reduced the number of refinances that provide for cash out.

A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.

They will take whatever you put down as collateral.

For God sake, don't put your legs down as collateral. It may seem like a good idea at the time, but they are much more expensive than whatever you got from the loan shark.

I mean £1,200 for a pair of legs at Argos. Geez!

Not likely. If you cosign then you are saying "I trust my credit in this person's hands." If the signer does not pay then it is the responsibility of the cosigner to take care of the payments.

This is a very open ended question, it depends on how much you are applying for, what dealership you go through and how willing they are to work with you, your previous auto finance history will play a part, as well as your credit. all in all, i dont see it as a "no"

You will get the terrible rate of 4000%. Sorry

Yes, if one got the loan after foreclosure proceedings began.

When banks make credit decisions, they want to consider as much up-to-date information as possible. If a foreclosure is coming up but is not on the credit report, the bank may grant the loan. Once the foreclosure shows up on the report, the bank will conduct due diligence and see if they would have granted the loan knowing about the foreclosure. Most banks would not and will call the loan, making you responsible for paying immediately.

Will Jackson Hewitt offer holiday loans for 2010

SSI is a valid income source and can be used to qualify for a home loan. With most lenders you can even use 25% more than the actual income amount to qualify since SSI is not taxed like other income types (this evens the playing field since employed people use their gross income when its known that it will be taxed before they can use it to repay the loan).

An instant payday loan, simply known as a payday loan, is a short-term (duration of less than four weeks), low-amount (up to $1,500, depending on the state) personal loan that is made solely on proof of income.

Once proof of income is provided (through paystubs or checking account history), the individual can get the loan funded immediately (or the next business day) less the origination fees (that run between $7 and $25 per $100 borrowed).

Payday loans are the most expensive legal loans available to consumers, having annualized interest rates of 120% to 450%.

If your first mortgage has been discharged it cannot be refinanced since there is no longer any debt. You can grant a new mortgage.

The answer is that H&R Block WILL be offering the Emerald Advance line of credit on December 6th. Not all locations will be open but you should be able to find an office nearby to go in and apply for this line of credit. Because of the state that the economy is in, it will be open to people who did NOT file taxes with us this past year as well as current clients. While approval rates are likely to be lower for non-returning clients, keep 3 things in mind. First, what does your current preparer offer you? Second, if you file with Block in 2011, your chances to qualify will improve dramatically. Third, NO new client that is declined for this loan will leave empty handed. If you are not a current H&R Block client and are declined for this line of credit, you will be given a MasterCard branded gift card. When you come back to us to have your taxes filed, the card will be activated with $50 that you can use toward your tax prep, groceries, gas etc. Who couldn't use $50 bucks?

No. There are, however, three points at work here as follows:

A 401(k) account is a retirement account that is generally protected from creditors. You are only allowed to access the funds at retirement or through loans where you are effectively borrowing money from yourself and paying yourself back that money with interest.

Garnishing is a phrase that implies money being taken from income of some sort.

A loan is not income, rather, a loan is just a way to get the use of some good/service (or cash) now by agreeing to pay it back (plus interest) at some later date.

Putting this all together, a credit card company, if they get a judgment against you, could garnish your wages but would not be able to touch anything that has to do with your 401(k).

Most accounts that have been closed (for whatever reason) will stay on the credit record for seven (7) years. Some companies keep tradeline items on the report for ten (10) years.

If you paid off the loan more than seven (7) years ago, the credit bureau may have removed the tradelline. Also, not all of the credit bureaus are provided insight into your credit activities. Some lenders only use two (2) and some only use one (1).

To be sure that the tradeline is not present, find out which credit bureau that your lender exchanges quality-of-payment information with. Alternatively, get a copy of all of your credit reports (free once a year at annualcreditreport.com) and look for the auto loan.

If you are not able to find the loan in any of the reports AND the account has not been paid off for more than seven (7) years, you can ask the credit bureau(s) to add the activity through a dispute process.

The children are not directly responsible in Pennsylvania. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.

What would the mortgage payment be on 600000

The widow should arrange a consultation with an attorney who can review the title to the property and the mortgage. If the property was owned jointly or as tenants by the entirety and only the husband signed the mortgage the bank may be out of luck. If the property was in your son's name alone then his estate must be probated in order for title to pass to his heirs and the bank will take the property by foreclosure unless the mortgage is paid.

You need an attorney who specializes in real estate law and probate law to review the situation and explain the widow's rights and options.

As of October 20, 2010 I just got off the phone with my local office in upstate New york and they said that the company has not yet reached a decision about the holiday loan and that I should try again to contact them in November for a update.

Lawsuits can be brought by anyone for anything, so yes, a real estate agent may sue a buyer.

Now, there has to be a good reason to do so in order for the legal action to not be considered "frivolous" and thrown out early in the court process.

An agent may consider bringing a civil lawsuit against a buyer if the agent believes that buyer misrepresented themselves during the purchase process (resulting in an incomplete transaction and a loss of commission). The transaction, however, would need to be large in order to warrant such costly action.

The correct answer is Character.

Once they have been appointed by the court the executor must pay the debts of the decedent before any assets can be distributed. Generally, if the mortgage isn't paid the lender will take possession of the property. If you want to keep the property you must arrange to pay off or refinance the mortgage.