Loans

Unless there is insurance to pay the loan the estate of the deceased will pay it. If there is no estate, the lender is out of luck.

Yes, if the account was in default. If there were arrearages payments being made could be applied to such making the account still in default and subject to additional action as well as a charge off.

Yes! The only thing is the chapter 13 will have to be discharged at closing. Depending on how long she has been in the bankruptcy, this may not be a big hassle. It is impossible to refinance a home in a chapter 13 without the BK being discharged. For more information, please feel free to email me at Travis.Fleury@gmail.com. I work for one of the largest direct private mortgage lenders in the country, i'd be glad to help answer any other questions.

Apply at any bank. There are other requirements for a loan besides your credit score. How much debt do you currently owe, How much do you make a year and how long have you had your job? Are you buying a house or renting and how long have you lived there? Do you own anything, have any money in a saving account, any assets? Are you married, and if so does your spouse work, do you have any dependents?

Many banks will refinance a mortgage but it depends on your credit record and the equity in the property. It would be impossible to provide a list of banks. You need to shop around in your area to get an idea of where you stand personally.

Also, you should check the documents you signed when you granted the mortgage. Most have a penalty clause if the mortgage is paid off before a certain amount of time has passed.

Either insurance or the estate. Some lending institutions provide "credit life insurance" which pays off the loan. If that is not part of the loan, the estate will be required to sell assets to cover the loan.

Not without refinancing the existing loan and changing the names on the title to the property..

No. A co-signer has no legal rights to the property. They are responsible for the debt incurred until the terms of the lending agreement are fulfilled or refinanced without their participation.

this is possible Most of my clients are never put into PMI Pmi is usually placed on with a loan when the purchaser is putting down a very small amount of money PMI is a old loan technique not used very much at all now. So if your question is in regards to PMI I would not expect you to have to pay PMI on a refi. I have plenty of lenders who will not ask for PMI and I avoid it for my clients very easily If you have any more questions give me an e-mail at nora@chapter13refinancing.com

No, if a lawsuit is brought the party involved would have to file a Chapter 7 in order to try and avoid the litigation. If the time requirement for filing a new BK has not elapsed making a filing impossible there is little the debtor can do except use the allowed state exemptions to protect real and personal property from attachment or seizure by the creditor.

Pay off the highest interest (most likely the 2nd mortgage) first. Then if the interest rate on the first mortgage is high, refinance. High is anything over 7%. Low is 5.25. Be careful of interest only mortgages and paying down points, they are both a bad idea. Watch the junk fees as well.

Your info was a little sketchy but I will assume the new loan was used to pay off your existing debt on the car which, providing there are no other liens on the vehicle, will allow you to receive the title. I am assuming you have a vehicle loan agreement that is marked PAID. Receiving the actual title can take some time depending on your state.

All major financial transactions must be approved by the bankruptcy trustee. The request should be submitted in written form with all pertinent information included. Any major financial changes made without having received the permission from the trustee can result in the BK being dismissed with prejudice.

I know that when I was messing with selling my house and buying another, I was faced with people wanting to get a higher loan than they were actually paying for the house. They just added in the amount they needed over, in the final agreement to the house they were buying. I heard it's not an amount over the house such as 120%. The real estate agent I had talked to had all said that you can borrow up to the value of the house. Like if yo were paying $150,000 for a house that appraises for $200,000, then that would leave $50,000 left to borrow. Also, I know it wored that way when I tried to get a loan on my already paid off house, too. But it may have to do with your lender. You can ask them to give you detailson that.It's always a good idea to get preapproved for aloan before you look for a house to buy, to see what you qualify for, and when you do that and find a lender you are satisfied with, just ask them a bunch of questions, like this one. If they won't answer all your questions, I would find another lender.

Yes. Commonly referred to as an 'automatic premium loan', if no premium payment has been received by the end of the grace period, such a loan is issued to pay the missed premium. Like any loan, interest will be charged against it and you'll be notified each year of the amount of interest being charged and how much it will cost to pay off the loan. If you later decide to cash in your policy, the outstanding loan balance will be deducted from the amount you receive.

If you die with a loan against the policy, the amount of the loan will be deducted from the amount your beneficiary will receive.

Yes.

The person granted pur autie vie ("during one's lifetime") property generally has the right to use or do with the property however they so choose, including acquiring an equity loan or renting or leasing of the property. The person need not notify nor have the permission or the "remaindermen" (persons to whom the property will belong to at the death of the life estate holder) to take such actions. The only stipulation is the property cannot be "wasted" and must be maintained in at least the condition it was when the life estate was established.

No. You are only cosigner on the one vehicle you signed for. All bets are off once the car is traded.

Generally there must be some point regarding your permanent address in the agreement which you signed before taking a car loan.

There must be some provision for such conditions in the rules of the company from which you took loan. So just go and get your point discussed.

According to me this is the only way.

I would find out all the bad stuff on your credit report and find out your credit score and then call a few lending companies and tell them your info. and details, but not your SSN. and see what kind of interest rates they say they can give you. Tell them up front you are shopping around for the best rate you can get. They'll understand you are being a smart shopper and tell you the best they can do for you. After comparing then you'll have an idea on what you should be getting. The reason I say to just tell them your information and not your SSN is because if you have too many people pulll your credit report or score, it will make your score go down. So just make sure you know your report and score and they will be able to give you a very close answer. Then when you know for sure who you want to go through, then you can give them your SSN. You are entitled to a free credit report every year, there is a website, it really is free and it isn't a free trial. It's the one your really entitiled to, the website address is: www.annualcreditreport.com they wil give you your report from all three reporting agencies.

Propose to remove the co-signor and agree to bging the account current and keep it so. No quarantee but a good chance.

Yes they can but they have to get an order from the court first. So watch out

If this was my call I would not do it there are no pros to this topic.If the primary signer bails you are in deep doo doo. Whoever the lender is they see something on your credit report that they can sieze from you if the primary signer is unable to pay. the other con is that the lender will show up as an inquiry on your credit report which will hurt your score

The reality is lender's really don't care what the person's situation is, they simply want their money. The best option, however, is to contact the lender by phone and explain the situation so as to learn what the lender's policy is in such matters. A letter will likely get a response of "call this number" or something similar if indeed there is a response at all. If the party chooses to make the initial contact by mail the best option is to keep it brief and to the point. Explain why it is not possible to comply with the original terms of the agreement, and request modification of the obligatory terms until one's financial situation improves.

yes unfortunatly i think so.