Hello,
I recently got help from my bank on my mortgage loan as they were willing to do a modification. However, i was originally in a negative amortization loan and now to help us keep our house, the bank is willing to help with a 18 month interest only deal. The wording on the signature part said that ” this Agreement is only a revision and not a novation. please help explain what that means in legal term. and my obligations thereafter the 18 months,. i’m most concern about it going back to a negative amortization situation after the 18 months. thank you for your time.
hello i don’t know what to do. i live in new york and bought my vacation house 2years ago in atlanta ga.I go there every summer or as much as i can but hired a landscaper to maintain the house.This house was paid in full and i paid my taxes. my landscaper told me he went over there over the weekend and he saw locks on the doors and gate (he goes about once a month).He said there was a note with a number to call we called today and they gave me the run around and gave me a number to a mortgage/loan company..(note that i said i paid my house full at closing) they kept saying they would get back to me but my landscaper said they cleaned out my whole house
i live in ny so i cant go there unless i really have to no one lives in that house
idk what to do can someone help me please i know im going to need a real estate attorney but idk any from atlanta GA
hello i don’t know what to do. i live in new york and bought my vacation house 2years ago in atlanta ga.I go there every summer or as much as i can but hired a landscaper to maintain the house.This house was paid in full and i paid my taxes. my landscaper told me he went over there over the weekend and he saw locks on the doors and gate (he goes about once a month).He said there was a note with a number to call we called today and they gave me the run around and gave me a number to a mortgage/loan company..(note that i said i paid my house full at closing) they kept saying they would get back to me but my landscaper said they cleaned out my whole house
i live in ny so i cant go there unless i really have to no one lives in that house
idk what to do can someone help me please i know im going to need a real estate attorney but idk any from atlanta
Dec 032011
Hello, Id like to buy a home in the Atlanta area, and I have about 100K to put down on a home. I know this will help, but will it seal the deal? My wife passed and the home that we already own, it was in her name and left to me. I currently have a mortgage of 2800.00 a month through countrywide, and Id like to sale this home or rent it out. Since our home was in her name, is there anyway to get it in my name , or can i sale it even though its in her name? I know i cant get approved for a mortgage, and I have no job either my wife took care of us she financially set. I will be getting lots of money montly from her passing, and I will be making about 100K a year. How can I get this home sold and move to GA and buy a home? Im looking in the 250K range. Also has anyone ever heard of a bridge loan and how it works?
Dec 022011
Hello,
I’m trying to get some answers on a very simple question….. Is it possible to get a Mortgage/FHA Loan with a bad/poor Credit Score? I’ve been reading all types of forums and blogs on this and I’m not really getting anywhere. The thing is most of my past credit issues are going on 2 years of age or more. Should I pay them off or leave them be? I’ve read that if some things on your report are over 2 years old you shouldn’t pay them off because it will update it and hurt me even more. Is this true? I have no clue. The home I’m looking at right now is only $ 40,000 and I make nearly $ 24,000 yearly gross and I have plenty for a down payment. Should I just get all my information together and apply for an FHA Loan and cross my fingers?? Pretty much what I’m asking is, are there companies/lenders that don’t really punish you for bad credit as long as you can prove that you can afford the loan??
Dec 022011
Hello, I was wondering was it possible to get a mortgage loan with bad credit? I own a home already and have never been late with payments and am currently 2 months ahead. The house i want to buy is only $ 60,000. My husband and I make enough to pay both mortgages easily. We almost have the first home paid off and have gotten our debt lower (which mostly was accumulated through hospital bills) will so in about 6 months. This house is bigger and has enough room for our kids. Our other home is going to be rented out if everything goes well. Hopefully this question gets a good answer.
Also i have had my job for 7 going on 8 years at the same place. Lived in current home since 6 years.
Hello – Since interest in the bank is only .25% these days, should I pay off my second mortgage on my house or pay off my student loan?
I live in Florida. The house that I purchased is now worth $ 40k less than when I bought it. My student loans are $ 30k and my second mortgage is $ 30k. Interest on my student loan is 1.625% and my second mortgage is 8.125%. I save several thousands each month and I fully contribute to my 401k.
I understand that Florida is a full recourse state so my thought was that the student loan should be top priority for paying down despite the fact that the second mortgage is at the higher interest rate.
Hello! I have never been late with my student loans. My loan is in current and never late status. However, due to having past aproved forbeadances and deferrments, my balance may soon go over originally borrowed amount. Will this negatively affect my fico credit score or I am fine making minimum payments? Thanks!
byChristopher S. Penn
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Dec 022011
Hello all!
I have a question about mortgage late fees. I currently have a $ 58.00 late fee for paying my mortgage on the 17th of this month. I have paid the regular payment for the month but my question is if the $ 58.00 late fee is not paid will my mortgage be considered 30 days late? How does that work?
Thanks for any insight!
bycliff1066™
Dec 022011
Hello we own a home that is $ 128K and we are buying larger home as we are outgrowing this current one. and we are in UW again. The reason I say again is because the Broker company went through acquisition and switched to a new company in the middle of things. Current UW is still the same one and she mostly approved it all.But the LO said that it has to be signed off again by the UW due to the new company I guess.
So here is what we have:
-$ 130,000 income
-VA loan
-Have DTI about 43%
-Have $ 19,000 in reserves
-Under contract with our current home( my mother is buying this home)
-700 credit score never been late, never had anything negative on the credit( score little lower due to credit cards that are high)
-also the home we are buying is $ 232K and is due to close next week
Please help…you think it is OK?
Our LO said that it has been blessed before and she can not see anything going wrong but I am worried,
bybill barber