BestInMortgage.com Post Your Mortgage Question Find mortgage expert in your area
You are not logged in. Login here. Not a user? Sign Up
Email: Password:
 
Search by Mortgage Terms: Ask My Question


Search: "Mortgage"

Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 20 
 
 > 
 
 
 

Asked 02/08/2008 01:40 pm CT (Ann Arbor Area, MI)

My ex & I finalized divorce in March 2007. I have been the sole income and paid both the primary and secondary mortgage. The Lawyers sprung Liens on the property in court without prior knowledge or resulting adverse effects. The money was available to pay the lawyers and ex off. However the credit union and title company interepretted the liens as primary, and wanted a suborndiation agreement. The subornination agreement was finalized after the market plunged, and mortgage applicaton expired. No equity left in the home as there are foundation repairs. The ex was to issue a quit claim deed, but never did. I have made all payments. Under advisement with the courts to refinance, however my credit fell as I attempted to refinance and get loans, causing the loan to value and credit scores not to align. My lawyer won't lift the lien. Question: What are the creative options for me to remove my ex from the title and deed. I cannot refinance, and the foundation is needing repair.

Keywords:
                                              

 
 

Asked 02/08/2008 07:24 am CT (Fort Wayne, IN)

We have a 1st and 2nd mortage on our house. We are never late paying our 1st mortgage, but this past month I send out the 2nd mortgage payment in enough time but the mortgage company didn't post it unti it was 4 days past the due date. We have now received a letter from the 2nd mortage company saying we are in default and they are going to start foreclosure. Can they do this?

Keywords:
                    

 
 

Asked 02/07/2008 03:15 pm CT (Reno, NV)

My husband and I purchased a home in 2006 with a 2 year fixed rate that is due to reset in aug 2008, we will not be able to pay our mortgage when this happens however so far we have no history of late payments, we tried to see if we could refinance with our lender they said do to our loan being now worth more than our house is they will not be able to do so.. is there any other options we have other than forclosure

Keywords:
                      

 
 

Asked 02/06/2008 10:47 am CT (San Diego, CA)

Mortgage Company is refusing payment to steal old lady’s house Hello, My 83 year old Grandmother owns a 450,000 house. About 9 months ago she refinanced it for 187,000. She pays 780.00 a month on the mortgage. She let it go for 3 months and now owes 2500 in back payments. I started to pay it off last month by sending them $1000.00. They said that it was ok for me to pay them last month, but this month they are refusing payment. I now have the money to pay off the entire amount that is due, but they are still refusing payment. They made it difficult for me to help my grandmother with this: She had to call them many times and we sent in signed documents to get them to talk to me and allow me to make payment arrangements. Now they are going back on it. Due to their lies and behavior, I feel that they want the house and not the money. What can I do to force them to accept the money that would bring her current, rather then let them foreclose and get a 450,000 house for 187,000? I don’t really have the money for a layer, but I do have a very strong sense of justice, enough to keep working on this 24/7 until it is resolved. Thanks much for any info

Keywords:
                                  

It sounds as if you have done everything right. I am surprised that if you negotiated payment plan,...

[ Total Answers: 1 ]

 
 

Asked 02/05/2008 04:30 am CT (southgate, MI)

We are having trouble getting our 1098 form from our mortgage co. they held our mortgage from Jan.- Sept. 07. They went bankrupt. We contacted our current mortgage holder but they say there is nothing they can do. How can we get that 1098 form? Also we have tried contacting the bankrupt co. with no luck. They did send a letter informing us of the sale of our mortgage and that they would send the 1098 form by Jan. 08. It is now Feb. 5 08. and still nothing.

Keywords:
        

 
 

Asked 02/04/2008 05:46 pm CT (Murrieta, CA)

I currently have an Adjustable ARM loan and recently recieved a letter from my loan company telling me that the loan will eventually go up to a higher interest rate. I contacted the loan company and ask about re-negotiating the loan to a more reasonalbale rate. the loan value is $566.000 and the home value is less than the loan value. The person that I spoke with told me that the only thing they could do is a "Short Sale" on the house because evenn if they were to give me a loan with "0" an interest rate, I still would not be able to make the payments. I found a deal on new less expensive homes in the area with 30 yr fixed mortgage rates that I can afford. If I purchase the new home and the current home went into some form of forclosure or deed in-lieu of forclosure, can the loan company try to seize the new home? They're leaving me no options to head off a forclosure if and when the loan resets to a higher rate.

Keywords:
                                              

 
 

Asked 02/03/2008 06:15 am CT (Philadelphia, PA)

I have a friend who's father in-law help them purchase a home, he titled it in his name her husbands name & her name. That being the three of them on the title with Rights to survivorship. But the mortgage is in the father in-laws name only. If he passes away can they just continue to pay that over the next 30 years or do the have to obtain a mortgage on their own. If that is the case what happens if they can't get approved for a mortgage ? I would hate to see them lose this home over this in the event of his death.

Keywords:
              

 
 

Asked 02/02/2008 08:42 am CT (Bartlett, TN)

Someone told me you can't have 2 mortgage loans at the same time on property within 100 miles of each other. Is this true? I am interested in flipping a house and currently have a low balance on my existing mortgage.

Keywords:
                

Racer, that statement may stem from having an owner occupied dwelling and a "2nd home". Some lender...

[ Total Answers: 2 ]

 
 

Asked 02/01/2008 12:31 pm CT (Olive Branch, MS)

My wife and I are in a terrible situation. We closed on a home over a year and a half ago, and on the last day of closing, we were shocked to find out that the PMI attached to our loan was $830. My credit score isn\\\\\\\'t good now, averaging around 547 and my wife\\\\\\\'s credit score is similar. Our rate on the mortgage is 7.75; however, the PMI is killing us? Any way we can refinance with at least a smaller PMI?

Keywords:
                

 
 

Asked 02/01/2008 12:19 pm CT (San Diego, CA)

We refinanced in Jan 07. The previous loan was an asjustable rate with several payment options. For most of CY06 we paid the minimum, thereby racking up a bunch of deferred interest (i.e. negative amortization). When we refinanced in Jan 07, and paid of the outstanding balance of that previous loan, I believe we paid off all that deferred interest. We received a 1098 form this month from that previous bank for $12000. So, in addition to all the interest we paid in 2007 with our new mortgager, we can also deduct this $12K since we paid all of that interest in Jan 07 under our refinance - right?

Keywords:
                      

 
 

Asked 02/01/2008 08:05 am CT (Marion, MA)

My wife and I purchased a home two years after we were married. We've owned the home since 2004, and unfortunately are about to be seperated. I will likely move out of the home into an apartment which I will have to rent. My question is, in Massachusetts, what are my responsibilities towards paying the mortgage at the house I am leaving, which she will be living in with two kids from her previous marriage? She and I have no kids together. Am I obligated to pay 50% of the mortgage payment until which time that the home is either sold or the mortgage is re-done in her name only? Due to our bad credit, and thus a very high interest rate, our equity in the house is less than $10,000. Obviously, I need a suitable living location, and having to pay half of the mortgage will severely decrease the amount of money I will have available to pay rent at my own place. Thanks for all help you can provide in advance.

Keywords:
                        

 
 

Asked 01/31/2008 01:32 pm CT (bangor, PA)

I re-modified my rate in august 2007 to 6.80. I had a 3/1 arm. I paid $900 to do so but it reduced my monthy mortgage by $312. Now, I called the bank again to re-modify my rate and they gave me two options. 30 year fixed at 5.75 reducing my monthly by $151. or a 20 year fixed at 5.5 reducing my monthly mortgage by $54.00. Of course it would cost me $900 again but number one does it make sense and number two which seems the better option. Thanks for any advice you may give.

Keywords:
                

 
 

Asked 01/31/2008 10:49 am CT (Rock City Falls, NY)

why do i have to wait 1 year after my chapter 13 discard to apply to refinancemy mortgage? My current rate is 9% and i really need to get it lower.Is there anyone that can help me?

Keywords:
          

Actually you may not have to! If you qualify for FHA you may be able to get a 30 year fixed rate tha...

[ Total Answers: 1 ]

 
 

Asked 01/31/2008 10:41 am CT (Enola, PA)

Hi, my mother passed in 2002 and my husband and I moved in with my father and I am his power of attorney. I have 7 other siblings and they all agreed on the POA. His home is paid for. He is 86 years old and in pretty good health. As of right now he has a will and a living will. In his will he has it stated that when he passes all living siblings split everything. His house his worth about two hundred thousand. My husband is going to be 58 years old and I told my siblings that if we have to live with my father for another 5 years or so until he does pass that my husband and I will not be able to go out and by a house and get a mortgage anywhere and asked them what they thought about my dad's house being put in my name. They all agreed with this and I talked to my dad about it and he doesn't have a problem with leaving me the house so my husband and I have a place to live after my father passes. The house is starting to need some repairs and my father doesn't have the money for them so I thought if my name was on the deed or whatever then my husband and I could refinance the house and get a home equity loan and use that money to fix the house up and my husband and I would make the payments on the loan. What can we do in this situation, I told my siblings that if we don't start taking care of the house repairs it isnn't going to be worth much in 5 or 10 years down the road if I don't get on the deed and do something about it. Other wise I told them i am going to have to move out rather than put my own money into a house that isn't mine.

Keywords:
                                  

You're absolutely right. Keeping up on home maintenance is one of the best ways to preserve the val...

[ Total Answers: 1 ]

 
 

Asked 01/31/2008 07:33 am CT (Washington, DC)

We had a second home that we foreclosed on in 2007. We did pay the mortgage payment on the second home from January 2007-May 2007 (both 1st and 2nd mortgage). Will received a 1098 for interest paid during these five months from both mortage companys (1st and 2nd)?

Keywords:
              

 
 

Asked 01/30/2008 02:01 pm CT (carroll, OH)

I have an 80/20 mortgage through CIT Group ... do I have any options of switching to a 30 yr. fixed ... since CIT no longer is handling mortgages?

Keywords:
            

 
 

Asked 01/30/2008 11:15 am CT (Bayville, NJ)

Hello, 1.Is the Assignment of a Mortgage and the Assignment of the Serving Agreement the same thing? 2. Who has the right to foreclose on a mortgage(The Investor or The Serving Agent) or both?

Keywords:
      

 
 

Asked 01/30/2008 11:11 am CT (Bayville, NJ)

Hello, 1.Is the Assignment of a Mortgage and the Assignment of the Serving Agreement the same thing? 2. Who has the right to foreclose on a mortgage(The Investor or The Serving Agent) or both?

Keywords:
      

 
 

Asked 01/30/2008 09:37 am CT (holyoke, MA)

Hi, I have two mortgages on my home. The frist one is real nice, But the other one sends the bill after the due date. they all so add a late fee. This month I called them up and told them that I had better then have of this month payment in a money they told me that they would not take anything but full payment. The payment is for this month. What I would like to know. Can they do this all so They send me a letter saying that if I sent them a check ther would go into my checking account and take the money out.

Keywords:
            

 
 

Asked 01/29/2008 01:21 pm CT (Howell, MI)

I have a $30,000 1st mortgage that is current. I have $290,000 2nd that is going to sheriff's sale. What happens to the 1st mortgage? Can a 2nd mortgage foreclose on us?

Keywords:
          

Ray, Unfortunatly the answer is yes they can. They can initiate the foreclosure proceedings and ...

[ Total Answers: 1 ]



Pages:  1 
 
 2 
 
 3 
 
 4 
 
 5 
 
 6 
 
 7 
 
 8 
 
 9 
 
 10 
 
 11 
 
 12 
 
 13 
 
 14 
 
 15 
 
 16 
 
 17 
 
 18 
 
 19 
 
 20 
 
 >