Loans

Even if your name is not on the loan you have to pay for it if:

You are next of kin (which you are if you are married) or

You are in the Will of the deceased.

In order to get a loan modification you need to have a job. Lenders will have difficulty agreeing to any kind of reduction in your mortgage if you are unable to make payments.

Generally, closed-end credit has a better interest rate than that of open-ended credit because closed-end credit is less risky insomuch as there is a limit on how much credit may be utilized (whereas there is no limit for open-ended credit).

Because lenders look at the risk-reward aspects of the product portfolio, a lower-risk product warrants a lower interest rate than one having higher risk.

Have they notified you in writing of possible repo? Check your paperwork, I bet it's in the fine print, chances are you're getting close, 3+ months 90+ days and it gets repo consideration. Your best option is to communicate with your lender and discuss your situation with a payment, and perhaps this vehicle gets you to the job etc. Either way they'll want their $$.

Endorse it yourself, make a copy, and give it to a teller at the bank. If you are trying to get the money for yourself, don't waste your time. It isn't your money. The insurance company would not have made it out to you and the bank if there was no lien on the vehicle. The lien is there to protect the interest of the bank. If there is a refund due you, the bank will pay it to you directly.

false

You wait seven years from the date of the last payment. There is no other way to have it removed. Your credit report is a record of your past credit, your credit history. It will also show that you satisfied the debt, and you can add an explanation at the bottom of your report.

It is a prepaid expense to be expensed over time. Not an intangible.

Yes it can. So long as the debt has not been charged off, intrest continues to mount. As long as there is a balance, and the lender has a hope of getting you to pay, he may leave it open. It also helps to get the balance higher so suing you becoems more feasible.

Unless he's creditworthy enough to get a loan, he probably won't be able to get one on his own, unless his credit is so so and the loan amount isn't that much, but remember a bank won't refi anything that's less than about 7,500 bucks.

Your biggest concern here should be that he's already been paying late, the bank is probably going to be reluctant to switch it out of your name now, especially if he's less creditworty than yourself and the loan is starting to default.

-Hope that helped a bit

If you have co-signed for your son and he is not paying, it will fall under your financial responsibility to pay on time. Otherwise it will affect your credit rating as well. You can try to re-apply for another loan under you son's name only. There are few bad credit car loan providers out there in Toronto, you can try 1. http://www.autocreditfinancial.ca or 2. http://www.ontariocreditsolutions.com or 3 http://www.whitbymotors.com good luck.

Sure but information of any acquired mortgage must be disclosed to the new lender.

how do i get my name off my ex husbands mortgage in new york state if he cannot requalify with the bank

A bank that is registered with the financial services authority ( F.S.A ) cannot consolidate your loans without your consent. Consolidation of loans would normally mean taking out another loan incorporating all your other loans so that you could manage the repayments. This is just one example of consolidation.

Depends on the company, Most will allow 2 and up to 50% of vested value to be loaned.

Try a local bank that is an SBA ( Small Business Administration) lender. Also try for the government loans for the country in which you live. You can also apply online with the nbfc

A line of credit is not bad by it self. It would be the balance of the line of credit that might raise some questions.

A charge-off is a tax-related matter and has nothing to do with bankruptcy. The debt is still owed.

In the event the loan defaults, and the lender obtains a judgment against you, AND the judgment is also defaulted on, the lender could petition the court for an order to sieze or liquidate other real property. The likelihood of this is small, and the occurrence of it is rare, but it is possible.

My Mom left me her home in "Life Estate" when she passed in August; Im currently in the process of gaining a "simple assumption" so that I can be put on the mortgage loan being Im now paying the loan. Once that takes place and I can use the interest as a tax relief for my 2010 return, what's the best ay to file my "status." Meaning: Im single, NO kids, paying 100% of the expenses toward the home but cant be deemed "head of household."

Any suggestions?

Julie

Santa Ana, CA

Yes.

Payment Option Arm

FHA loans are insured by the US Federal Housing Administration. They usually require a lower down payment and may qualify people with lower credit scores. Conventional loans require more stringent credit scores and higher down payments and are usually insured by private mortgage insurances.