Mortgages

Mortgage elimination services that claim they can eliminate your mortgage without you paying your mortgage debt are a scam. They typically involve the payment of an upfront fee. They are premised on the argument that the entire banking system is flawed and their claims simply are not accurate nor is their understanding of mortgages and contract law. They are in business to get some of your money. The only way you can eliminate a mortgage and keep your home is by paying it...

The executor must discuss that with the lender. If the executor is going to inherit the property the lender may agree to allow an assumption of the mortgage. ...

Many people who have filed bankruptcy know little about the process. Often times debtors are unaware of their options in a chapter 13 because they rely on their attorney; their attorney has a fiduciary relationship with the debtor. A bankruptcy attorney's job is to know bankruptcy law, not the mortgage business or their guidelines. When a debtor files a BK 13 their main concern is having an automatic stay placed on a mortgage, collection, etc. To save their home from foreclosure. When...

Below are the perspectives of some Wiki s contributors about buying a house after bankruptcy: First, any bankruptcy must be "discharged" by the court. You also cannot be in any "Credit Counseling" or other programs that take over your finances. It is actually easier to buy a house than a used car. The "lender" is looking to meet several criteria. Debt to Income ratio, Stability and time on the job. Money in the Bank and bounced check history.Any Retirement or 401 K...

Buying a home can be a daunting experience. Here is some advice from Answers.com contributors on what to ask/do during home showings: You can ask whatever you want, but they don't necessarily have to tell you the truth. Open Houses are a great way to see a house, not a great way to get info on it. Remember that in most states the real estate agent at an open house works for the seller. Usually you have the right to be represented...

Designed for seniors, a reverse mortgage is a loan that allows the homeowner to convert some of the equity in their home into cash or monthly income, while retaining home ownership. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM) is a relatively new product. A reverse mortgage provides unique benefits for its target market eg: someone over 62 who lives in his/her primary residence, who has substantial equity in his/her home, and who has little or no income....

Fix Bad Credit 1. DELETE COLLECTION ACCOUNTS Did you know that paying a collection account can actually reduce your score? Here's why: credit scoring software reviews credit reports for each account's date of last activity to determine the impact it will have on the overall credit score. When payment is made on a collection account, collection agencies update credit bureaus to reflect the account status as "Paid Collection". When this happens, the date of last activity becomes more recent. Since the guideline for credit...

No 575 is a horrible score

Overdraft is a feature provided by many banks to its best customers wherein, the customer can withdraw money from their accounts even if there is not sufficient balance in their account. The overdraft limit is set by the banks based on the customers history with the bank and his earning potential. An account is said to be overdrawn if the customer has withdrawn more money that what he has in the account. ...

The purpose of a co-signer is to guarantee payment by the primary borrower whose credit record isn't good enough to obtain the loan on their own. The lender will not release the cosigner because if the primary party fails to make the payment it is the responsibility of the cosigner to pay. The co-signer has promised to pay off the loan if the primary borrower defaults. That's how the borrower got the money! It is rare, and would be exceptional, for a...

No, not as long as they didn't co-sign the mortgage. However, if the parents have died and their property is subject to a mortgage the lender will foreclose on the property if the mortgage isn't paid. If the heirs want to keep or sell the property they must keep the mortgage payments current. ...

A promissory note is a document where you agree or promise to repay a certain amount of money to someone. If it is unsecured, it means that nothing was put up as collateral to back up your promise [such as a house, a car, stocks, etc. ]. ...

Yes you may, as long as it does not exceed the value of the property. You can not obviously finance 200% of the value of your property with 2 separate loans but you can apply for a first lien mortage and a second lien mortgage, it's done very frequently with purchases to avoid PMI by splitting a 100% LTV loan into an 80% 1st loan and a 20% second mortgage. ...

An amortization table would give you the answer. If this is a real life situation and you are in the US you would be getting screwed at this rate of interest. ...

About 15,000

An inter-spousal grant deed is a document that legally transfers property from one spouse to the other to. There are many ways to accomplish a property transfer, but two of the most common ways to transfer property in a divorce are through an inter spousal transfer deed or quit claim deed. ...

Not unless she is his attorney in fact under a power of attorney.

Yes, but remember . . . a person who act as their own lawyer in complex legal matters has a fool for a client. Yes, but remember . . . a person who act as their own lawyer in complex legal matters has a fool for a client. Yes, but remember . . . a person who act as their own lawyer in complex legal matters has a fool for a client. Yes, but remember . . . a person who...

No, Homeowners insurance is in the Property and Casualty lines and issued with terms of 1 year or less. It is not an investment vehicle and as previously stated it does not build value over time. Homeowner insurance, like Auto insurance or Healthcare insurance is a form of risk transference. In other words, we pay a premium to the insurer, the insurer then agrees to pay up to the specified amount "if" in the event of a covered loss. The rates charged reflect...

Lenders can require a variety of conditions such as: that you live on the property that you pay your property taxes to the lender so it can make certain they are paid that you not make changes to the title without notifying the lender that if you breach your agreement the lender can accelerate the loan payment ...

A red door means "welcome". However, now that I'm getting into a bit of staging, I've learned that there are many meanings to a red front door: In Feng Shui, a red door symbolizes the mouth of the home. By painting our door red (or any bright colour that stands out) chi (positive energy) is drawn to the house. It is the entry point in which abundance and opportunities find us. The Chinese consider red to be the lucky or sacred colour....

yes. it is average. anthing above 700 is considered good.

We are in the process of having a recoveyance done after paying a 1 year contract on our home ..... ...

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