Loans

Equity can only be used as a down payment in limited cases. Close relatives are able to "gift" equity in a purchase, thus eliminating the need for the buyer to bring cash. E.g. A Mother can sell her son a house worth $100k for $80k buy having a purchase price of $100k with a gift of equity of $20K. This in effect is a down payment. Without doing this it would essentially lower the market value of the house to $80K. The appraised value or market value of a house is its purchase price. The argument is that if it was worth anymore it would have sold for that price. So in most cases there can't be equity in the house when purchased because its value is what you paid for it. A second example of where equity can be used to "purchase" a house is with a Land Contract. Technically the house is purchased at the signing of the land contract, however no loan is put in the name of the buyer. After a year or more if the house appraises for more than the agreed land contract price. When the buyer takes out a loan on the property. The "equity" in the property belongs to him and in effect is his down payment.

One may be asked to write a mortgage letter of explanation when there is an overdraft fee on a bank account, insufficient funds, late payment, or different address on bank statements than current mailing address. This letter must show the date, greetings, cite the incident with all applicable information, explanation, solution, and appropriate documentation.

Massachusetts is a non recourse debt state. Other non recourse debt states are Kentucky, Louisiana, Maine, Maryland, Michigan, Montana, and Mississippi.

Your best bet is to go through a temp agency. Your best bet is to go through a temp agency.

Your low equity is going to be a problem since new laws limit loans above a certain percentage. Most banks and other mortgage companies offer FHA loans, but again you may have a problem with the equity. Certainly you should avoid paying high broker fees (banks and savings and loans have lower fees), and try to pay any fees upfront instead of making them part of your loan. If you can manage to plan to bring money to the closing to reduce your loan amount, that will also help you.

I have a buyer who started the process May 25th... it is July 21st... we did an extension until July 31... so it looks like 8 - 10 weeks.. I have a friend she says it normally takes 3 months total.. from start to finish... and I am starting to believe her... this is soooooo slooooowwwww....

The business applies for the loan in the name of the business and the EIN is used where the application asks for the tax ID of the borrower.

Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property? Can you give me some more details as to what exactly you mean, i.e. do you want to know how to find out if there is a mortgage on the property?

If this is a legal "Short Sale" that was approved by the investor holding your note, you should be ok. If you are trying to sell the home for less that the balance of your current mortgage, you may run into some serious problems.

Law vary from state to state.

war bond

YES, ALL YOU NEED TO DO IS GET IN TOUCH WITH YOUR BANK AND TELL THEM THAT YOU NEED AN EQUITY LOAN EVEN THOUGH YOU ALREADY HAVE AN HOME EQUITY LINE OF CREDIT AND THEY WILL WORK WITH YOU BECAUSE ITS UNDER THE 4TH RULE IN BANKING, THEY HAVE TO AND DONT LET THEM TELL YOU DIFFERENTLY!

No, according to IRS Publication 936 only the person(s) legally liable to pay on the Note qualifies to claim the deduction.

http://www.irs.gov/pub/irs-pdf/p936.pdf

Purchase money financing is when the seller agrees to take back a mortgage for the new buyer. It is owner financing in whole or in part.

Foreclosure is the legal process whereby a mortgage company takes your home back from you and sells it to recoup the money they loaned to you. if you intend not to foreclose it better file bankruptcy from the experts

It seems like every time I turn on the radio, watch the news or read a newspaper, I'm bombarded with stories about the "Mortgage Meltdown". Daily calls come in from current and future homeowners confused and overwhelmed with all the media hype surrounding the state of the mortgage industry. The media has done an excellent job of creating mortgage hysteria. The term "meltdown" is great for evoking an emotional response from consumers. It is not, however, the most accurate term to describe the state of the mortgage industry. Knowledgeable mortgage and finance professionals are thrilled to see these long overdue corrections. These corrections are fixing a problem that has been developing for many years. The mortgage industry is simply returning to "common sense" lending practices. Just a few short months ago, virtually anyone could buy a home. Do you recall the promotional hype surrounding "easy-qualifying" mortgage products and offerings? TV, radio, Internet, billboards and direct-mail advertising slogans touted things like: * 100% Financing * Interest Only * Pick Your Payment * Negative Amortization * No Income Documentation * No Money Down * Bad Credit, No Assets, No Job-No Problem! No kidding, it was crazy! Mortgage companies realized they could charge much higher interest rates to borrowers who could not qualify for traditional mortgages. Nearly all of these subprime mortgages were ARM loans that adjust to significantly higher payments after 2 or 3 years. Guess when the vast majority of these loans were made? You guessed it-2 to 3 years ago! Subprime mortgage payments are now adjusting sharply upward and many of these loans are falling into foreclosure. The good news is that these subprime loans make up a very small percentage of the overall mortgage market. The opportunistic subprime lenders who peddled these mortgages are paying the price for offering senseless, greed-driven loans. In several states, lawmakers are pushing legislation to outlaw some of these loans. Potential home buyers who will be most affected by the coming changes are those with no money for a down-payment, and/or poor credit. Borrowers who cannot document their income may also experience difficulties. There are still legitimate "100% financing" programs available to borrowers with good credit and a solid job history. Borrowers with less-than-perfect credit can continue to qualify for home loans if they can come up with at least a 3% down payment or get 3% down payment assistance. Unfortunately, changes in the mortgage industry are penalizing borrowers seeking jumbo mortgages (loans above $417,000). Many major lenders have disproportionately raised interest rates on these loans. Rates on many jumbo loans are at least one percentage point higher than they were a few months ago. I strongly disagree with this increase and believe that these rates will return to normal in the near future. Many reports claim that mortgage interest rates are at their highest level in years. Actually, historically speaking, rates are very low. The following rates are based on the national average for a 30-year-fixed-rate mortgage (Hsh.com): September 2007-6.83% September 1997-7.59% September 1987-10.95% September 1977-8.84% Today's mortgage climate makes it more important than ever to maintain good credit. I recommend you check all three of your credit reports at least once a year. If you find errors, contact the credit bureau and the original creditor to get them corrected as soon as possible. You can do this for free by visiting www.annualcreditreport.com. Checking your credit report through this site will not reduce your credit score. If you currently have any form of adjustable rate mortgage, now is the time to convert to a fixed rate. With respect to your home-equity-line or second mortgage, make certain that you understand your true blended rate on these loans. If you have any questions regarding this subject, don't hesitate to call me. A mortgage is often your largest financial liability. It is essential that your mortgage is structured so you receive maximum benefits with minimal financial risk. Working with a knowledgeable mortgage professional will help ensure that you receive the best possible mortgage advice.

you shouldn't bother, because you're not going to be taking loans from a loan shark. go to bank of america, jeez!

Almost always. They want you to pay them, they don't want the car. If it hasn't been grabbed yet you might want to voluntarily surrender the car and work out a deal. After it has been repo'ed you are going to have some ugly fines or fees (someone has to pay the repossessor). Best of luck.

The risk of cosigning on a lease is that the cosigner is responsible for the rent for the leased property even if the other signers do not pay the rent. The landlord can go after one or all of the cosigners on a lease to get rent paid if the lease is not paid for the full term.

Yes

What is Iban Code for account 21204055 with National Westminister bank,

sort code: 560005

That's a statement, not a question.

We can't answer whatever your question is. Go talk to a dealer; they're good at finding loans. They may not be great at finding loans at good rates for people with bad credit, though.

If a dealer can't get you a loan, you probably can't get a loan.

The only thing that will happen is "harassment" i had a 1500.00 payday loan and could not pay it back; so i didn't was told by a lender who is a friend of mine that they don't take small loan borrowers to court because the court cost and filing of paperwork cost to much. Besides, every dollar they lend is insured. The only thing i got were harassing phone calls at home and work. No creditor nor collection agency has the right to harass you at home or work. Simply let them know not to call you at work and request that the number be removed. If that doesn't work let them know that you will in turn file harassment on the company.

You will need a co-signer on a loan if the lender has determined that you do not have enough income or the credit rating necessary to make the purchase alone. It could also be related to your age, if you are a minor.