Loans

2 million in numbers is 2,000,000. Since a million has six zeros, you simply have to add six zeros after your number (2) to find your answer.

about 3 mo.but it my take up to 12 mo for you to get any credit rating from it.it takes time to show that you will pay a loan on time correctly.

It does not follow. The lien of the debt collector comes after the mortgage loan. Which means that the debt collector still may not be able to collect any money.

There are a number of organizations that offer people with bad credit an opportunity to obtain legitimate loans. You should check with your local financial adviser who can give you several options.

You should seek the advice of the attorney who is handling the estate.

what makes fha uninsured loans?

The FHA, administered by the US department of Housing and Urban Development, also known as HUD, was created to make owning a home available to more people. The FHA actually does not lend consumers money; it reimburses lenders involved in FHA loans when a borrower defaults on this type of loan. This is a lot less of a risk to the lender. Because of this limited risk, a lender is much more apt to loan money, keeping the borrower's costs down. These types of mortgages are designed to meet the needs of consumers who have to finance more than 80% of the appraised value of the home or the purchase price.

Student loans do not go through the discharge procedure, only bankruptcy's. A discharge takes place six months from the date you filed for bankruptcy. Then you have to wait two years from the date of discharge to apply for a home loan.

Yes, you can get Bad Credit Loan.

Yes. If you are a relative of the deceased and choose to live in the house, you can take over the mortgage in the deceased's name. See: Garn-St. Germain Depository Institutions Act of 1982. You can also take over the mortgage if the property is in a trust, and you are listed as trustee.

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No. Once a family member is deceased you cannot take over the mortgage under his/her name. The only way is if you are on the Deed of Trust, Title, or his will.

Note: Technically, most mortgage notes and deeds of trust state that the loan may be called due and payable in the event of borrower death. However, first the lender must become aware of the death, and second they must decide to enforce that clause.

It is possible to continue paying your father's loan until the lender becomes aware of the death (although from a legal and possibly ethical standpoint you should submit a death certificate to them as soon as you have it).

Mortgage documents usually contain a "delay of enforcement" clause that allows the bank to decide not to enforce any adverse action without losing the right to do so later, which includes calling the loan due and payable. There have been instances where a lender was aware of a borrower death yet allowed the estate to continue making payments for a certain period of time (such as 120 days to sell the home) up to and including the remaining life of the loan.

Remember that while lenders usually require the loan be refinanced or paid off after a sole borrower dies, their primary interest is the performance of the loan. This is where the gray area lies that allows for some ambiguity and wiggle room.

it is very bad this year.

Too many "hits" on your credit rating could be cause for a lower rating. Too many "hits" signifies to most lenders and credit agencies that one is desperate for additional monies ... monies that they need to make purchases for things they cannot afford.

No, the executor is responsible to insure the estate is taken care of. Them means either selling the house or paying off the mortgage. One way or another the debts have to be resolved before the estate is closed.

Based on my experience in Illinois, your 30 year fixed mortage principal, interest, taxes & insurance monthly payment will be approximate 1% of your mortgage principal. So, if your mortgage principal is $250,000 less down payment plus interest plus taxes plus interest, your monthly payment will be about $2,500.

If you allow your home to be foreclosed or if you sign a Deed-in-Lieu of Foreclosure. Home owners will take a hit of about 250 points on their FICO score. This means if a their FICO score before foreclosure was 680, it could dip as low as 430. A home owner who wants to buy another home after foreclosure will end up waiting about 24 months before a lender will offer any kind of interest rate that makes sense. During that time you must have a near perfect credit.

The affect of a short sale on a home owner's credit report is much less damaging. The negative on credit may show up as a pre-foreclosure in redemption status, which will result in a loss of around 80 points from the FICO score. It can also simply show up as the loan was paid off and not affect your score at all. This means a short sale with a previous FICO of 680 could possibly see it fall to around 600 or it could remain the same.

There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.

No I no this is true yet a one Calvary collection agency is threatening to sue.. And force me to pay I am sick of scam corporations threatening people that have already lost what they had weather its a house or car or credit from a loan these people should have known that there high interest rate on there loan would cause a default making it there fault and i am sick of hearing about these criminals harassing Americans that have already lost there good name-- from fraud. It is not these people who should suffer but the corporations that made them pay-- ten times the amount of what that thing was they gave; Whether money or good's its a crime' to charge a person for something they could never have ever been able to pay.

period.

I am a friend of the above stop this practice now...

No it isn't criminal.

But any allied intent to defraud - say you lied on the application or such...is.

Talk to your local bank, credit union, or mortgage broker and have them start the process for a mortgage loan application. Here are some tips for prepartion: Always have at least 3% of the desired loan amount saved in your bank account for at least 60 days. You will need at least this amount to pay for the closing cost fees, and the lender always verify your assets to see if you can actually afford a home. This is called 2 months reserves. If your husband has good credit, I'm guessing his credit score is in between 680-699 (this is a good range to the lenders). If that is the case then he could qualify for a FHA loan at 97% financing. He will have to have an extra 3% as a down payment. If he goes with a conventional loan he might need anywhere from 10 - 20 % as a down payment. Good luck!

I hope I am interepreting your questions correctly. If you have a deceased individual with an auto loan then contact that lender and explain the situation. Usually this loan will no longer exist, and the vehicle will be picked up. If there is a co-signer on that loan, then that person will be responsible for that debt, and should take full ownership of that vehicle.

It would look better on your record (For future loans) if you turned in the RV voluntarily.

You can but the amount(12,000) will be added to the new car loan. If you were to sell your car that you have now and pay it off, you would be better off.

Non-recourse lending is made available as a loan in which the borrower is not personally liable. For instance, in the pre settlement funding realm, a plaintiff involved in a lawsuit can get a non-recourse based cash advance for their lawsuit. In this scenerio, the plaintiff or applicant for the non-recourse advance is only contigent to repay that advance back once the case is settled or won. In the event the case is lost, there is no need to repay that advance as that is the risk taken from the firm handling the advance.

These are typically lent when there is high capital expenditures, long loan periods, and uncertain revenue streams from the loan itself. The rates can be much higher due to the risk involved for the lender, obviously.

To my knowledge there were a few that did not. However the only one that I know for sure and can name is BB&T. On a side note, several banks bought out banks and mortgage originators that did this type of lending and absorbed their toxic mortgage backed securities on their books that the GSE's had not already picked up (Bank of Amercia) which was equally just as bad. Hope this helps.