Search: "Mortgage lender"
Asked 09/18/2009 12:05 am CT (Los Angeles, CA)
I have filed chapter 7 and should receive a discharge soon. I included as surrender all three mortgages. My first mortgage lender has offered me a modification to sign now before the discharge, not reaffirmation just signing new modification. If the house was to foreclosure, there is not enough money to pay the second or third liens. Am I legally obligated to pay the first mortgage if I sign this modification and lets say the 2nd decides to foreclose would I have to pay any money to the first? I dont plan on paying the second or third mortgages.
Asked 07/22/2009 08:53 pm CT (Atlanta, GA)
i am self employed and my taxes don't show enough income to re-fi- my wife job net about $225 amonth and i had a loan modication 2 years ago and it is coming to a end and my mortgage lender say's i can only have one per life of loan. what can i do now if that is true and if i still can afford the payments
Asked 07/01/2009 05:25 pm CT (Orlando, FL)
My ex and I are expected at court on Monday 7/6 regarding a Summary Judgement for our 2nd Mtg. We have a 1st with Countrywide and the 2nd with Wachovia. We have not been able to make pymts on the 1st for 14 months and the and none on the 2nd for the last year because we both became unemployed and have since divorced. My ex is still living in the home and the 1st Mtg Lender is still waiting for him to get a job so he can possibly do a modification etc. The 2nd Mortgage lender is taking us to court for non-payment. We have had the home on the market from the beginning trying to sell or short sale and no takers. What exactly can happen to us when we see the Judge on Monday. The house has not foreclosed yet on the 1st mortgage we have not even heard from them. Can the 2nd Mtg lender put a judgement on us for the $62,000.00 owed even though the 1st mtg lender supercedes? Please advise. Also with the declining market the 1st mortgage would not even be satisfied even if the house sold today. So what happens exactly. Since we are unemployed we do not have any resources for pymt of legal advice that is why I am asking. Please help!
Asked 12/29/2008 08:40 am CT (Reston, VA)
I need to find out is it possible to ask our mortgage lender to skip a month payment?. My husband were out of job and we ended moved to Virginia 2 years ago from Hawaii when he got a job here. We have a house in Hawaii. Tried to sell it but no luck. We survived paying our mortgage by renting it out. 3 months ago our house was vacant again and we were struggling to find a tenant. Finally we got one unfortunately they going to move at the end of the month which will put us no money left to pay mortgage for this month.
My question is, is it possible if we ask the mortgage lender to skip a monht payment knowing the money will come in next month forward?. We never miss our payment so far. This is consider our only house since we are renting in Virginia now.
Thank you so much.
Norlidah, thank you for your question. First of let me explain a bit about your mortgage payment. Y...
[ Total Answers: 1 ]
Asked 10/27/2007 01:12 pm CT (hebron, KY)
In looking at my credit report, I see that my second mortgage lender has "charged off" my account. Can you explain what this means? Can they foreclose? My second mortgage lender is different than my first. Thanks.
Asked 04/25/2007 03:39 am CT (manchester, British Columbia)
Hi, whilst I was at university I got myself into debt. Although I’m no longer in debt I do however have a very bad credit history. I’m unable to get even a credit card. I went to see my bank recently to find out if I can get a mortgage and was told I could only get 55k max. I have seen a property I really want to buy for investment only but it is over 90k. I live with my parent so I’ve never owned property. I don’t know who to turn to for a mortgage. Can you please advice which mortgage lenders I could speak to?
Asked 03/28/2007 05:48 pm CT (albany, GA)
The holder of a first mortgage on one of the properties securing this lender's loans has commenced foreclosure proceedings. Should the second mortgage lender be concerned?
The second lender wil only get the "scraps" leftover after the first lender auctions the property a...
[ Total Answers: 1 ]
Asked 04/13/2006 09:33 pm CT (Nampa, ID)
My wife and I are ready to sell our existing home and i have a good work history and make about 50k my credit is okay (600+=). My wife is a student and started a new job about 2 months ago she makes about 18k her credit is okay (600+-). when we sell our house we should have about 35k for a down payment and our only debt consists of a truck and camp trailor $550 and about another $500 misc. debt. will a mortgage lender use both our incomes because of my wifes short time on the job.
Marlin, you would probably be surprised at how easy financing can be right now. There are...
[ Total Answers: 1 ]
Asked 04/12/2006 12:32 pm CT (BATON ROUGE, LA)
My mortgage lender is suggesting that I go with a pay option ARM mortgage. Does anyone have any advice for me?
What kind of rates do you offer?
This is a great question. The pay option ARM is a great mortgage for people looking into getting mor...
[ Total Answers: 2 ]