Mortgage foreclosure – It is getting worse?

Dec 262011
 

HI,

I have posted a couple of times, but just opened my mail and found out my mortgage company (chase) has increased my payment again! I am now at 2943 per month and they increased the payment due to flood and hazard insurance of which I currently have. I have contacted them on numerous occasions and sent in docs proving I have insurance. No one ever seems to have an answer and they tell me that cannot do any escrow revisions for at least 6 months. I am now 90 days behind and doubt that i can make a payment this month. The mortage is in my name, my spouse was unemployed when we got the mortgage so we did not use him on the loan. Please someone help me. I have 3 children, I am working 2 jobs and my house is really falling apart. The reason we have such a high mortage is a very long story, but in summary it is due to me being screwed over by a friend who claimed she could “owner finance” my house. I am beggging for help, suggestions, advice……..

Mortgage Amount Shrank?

Dec 222011
 

I have a mortgage being processed with Emery Federal, a subcontractor. The original company that they were using went under while my loan was in being processed. I had to be swapped over, and approved with Chase instead. The original company was financing at a 106%, while Chase will only finance 102% according to my mortgage officer. What it boils down to, is I have gone from getting my earnest money back, to having to pay $ 2200.00 dollars. My question is, do I have a leg to stand on with having Emery Federal credit me money to cover the difference? It was not our fault the company went under, and the paperwork we signed states all the above information, at 106% and no money at time of closing. Thanks!

Can I reschedule a foreclosure hearing date?

Dec 212011
 

I have a foreclosure hearing schedule to 2/19/09. I would like to keep my home I called Chase Home Finance (Mortgage Company) many times spoke in the home owners dept. and requested a loan modification or any other kind of help they could give me so I can keep my home. I would like to know from you if there is a way I can request to reschedule my court date for a later date in order to gain more time to solve this problem with my bank ? and how long i can postpone ?

Thanks I appreciate your help!
and How should I ask? what should I put in the request ?

Hmm! Mortgage question for Smart People :)?

Dec 182011
 

If you were to purchase a house in California, which company would you finance your mortgage from. Chase? Ditech? Bank of America? Wamu? lending tree? Who in GENERAL has the best rates with the lowest closing costs. Thanks :)

Paying off my 2nd mortgage with a credit card balance transfere?

Dec 182011
 

Hi – I bought my house 2 years ago with 100% financing, I did a 80/20 loan. Both loans are fixed the first at 6.5% and the 2nd at 9%. I got a statement in the mail from my credit card company (chase) stating I can do a balance transferee at 2.99% until the loan balance is paid off. So would it be a good idea to transfer my 2nd mortgage onto the credit card?

Thanks

applying for a mortgage?

Dec 042011
 

I will be applying for a mortgage soon and need some sound advice. Should I apply to more than one lender? Should I go to big name companies like Washington Mutual, GMAC, Chase or small ones? I am trying to make the right steps along the way since things are so different now with mortgages etc.

How do I know if I have a Non-Recourse Loan?

Dec 032011
 

I live in California and need to have a condo in Phoenix, AZ foreclosed on. It has gone down 100k and I can’t afford it anymore.

Both California and Arizona have anti deficiency laws protecting me. I have talked to two lawyers (one in CA and one in AZ). They both say if my loan is a “non-recourse loan” I am protected.

How do I find out if it is? I have been going through my loan documents, but there is so much information there. I also called CHASE (my lendor), but the woman had NO CLUE what non-recourse meant.
I don’t want to call chase again because someone will probably know I want to foreclose.

I have not refinanced on this loan at all. (I did on my CA house during the 30 years I’ve lived here).

But before stopping payment on the mortgage for the Arizona COndo, I want to be 100% sure my loan is a non-recourse.

HELP!
I just want to make sure I am getting the right information. I have NOT refinanced on the mortgage for the PHOENIX, AZ condo that will be foreclosed on…

I HAVE refinanced on my house in California (that I live in) since moving in 30 years ago.

Are these loans kept separate? I just want to make sure that refinancing (before buying the AZ condo) on my own house won’t affect how the loan for AZ was taken out.

Refinance in one state while living in another?

Dec 032011
 

I want to refinance a home i own outright (no mortgage) in L.A. but I am currently working in New York and will not be back in L.A. for a few months. I live in both cities and only own the one home in L.A. so it is considered my primary home.

Is it possible to get a mortgage through Chase in New York for my home in L.A.? My main bank account is in New York with Chase. Does the bank I apply in have to be in the state, or will it be ok because Chase has locations in all states?

I overheard someone get a Loan Modification to a 4% mortgage rate at Chase. How do I do this too?

Dec 022011
 

The couple said they hadn’t paid their mortgage in like 6 months and almost considered leaving the house. But they got a loan mod for 4%. I want one too. I never get these kind of offers. Do I need 20% down? Is that why? It must be an ARM I’m sure….

Do I have any recourse with my mortgage holder if they took two years to process my modification?

Dec 022011
 

Washinton Mutual owned loan, then was bought out by Chase. I lost second job when paying to Washington Mutual, began paying lower payments 6 months after loosing second job. Chase just got back to me with a denial two weeks ago. Nearly 2 years to the day I first filed for modification.

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