Archive for March, 2008
Wednesday, March 19th, 2008
howi_how asked: We filed bankruptcy a year ago. We left out the first mortgage but included the second mortgage (home equity line of credit). It has been discharged, no one contested it and we haven't received a statement or any other communication from them since. We want to sell the ...
Posted in mortgage | 5 Comments »
Saturday, March 15th, 2008
whattheheck asked: If we refinance and combine our 1st mortgage and our home equity line, what type of loan is that called. I don't want to call a mortgage place right now because they will run our credit and all that stuff. Also would we qualify for the ...
Posted in mortgage | 5 Comments »
Sunday, March 9th, 2008
punkinbutt'smama asked: My husband and I are contemplating buying a new home. We have only owned the one we have now for 1 year. We also have a second mortgage. My question is - will the proceeds first be used to pay off the second mortgage before ...
Posted in mortgage | 4 Comments »
Friday, March 7th, 2008
z2008a asked: I want to refinance my 1st mortgage with the same lender, pay off 2nd mortgage from another lender, get cash out for to pay off other loans. Total amount to borrow is $330,000.00. How much should the lender charge to do this?Willie
Posted in mortgage | 2 Comments »
Friday, March 7th, 2008
alvin asked: Unfortunately my home was foreclosed and I tought, the 1st and 2nd mortgage disappears and the procces will ended. But suddenly I started receiving calls from the bank lender of the 2nd mortgage. They said I still owed them even if the home was foreclosed and if I ...
Posted in mortgage | 5 Comments »
Wednesday, March 5th, 2008
lisawh916 asked: I have a 1st & 2nd. Both mortgages are current- now. I am upside down in my property. Both loans are re-setting 9/08. Since I have no equity, what is the likelihood the 2nd will foreclose? If they decide not to foreclose can I still stay in ...
Posted in mortgage | 3 Comments »
Monday, March 3rd, 2008
Eric D asked: 1st mortgage amount is $322,000 and 2nd mortgage $80,000. The same house is selling for $20,000 less than the total amount. Would the 2nd foreclose or just write off as a loss?Don
Posted in mortgage | 5 Comments »
Sunday, March 2nd, 2008
waddle02 asked: Say the 2nd mortgage is substantially less than the value of the house. Let's say the value of the house is at $300k, and the first mortgage (the one on the house) has $40K left. You take out a home equity of $20k. What happens ...
Posted in mortgage | 2 Comments »
Saturday, March 1st, 2008
parasite414 asked: I have 2 mortgages and was wondering what happens if one goes into default, can the mortgage in default cause foreclosure on both the 2nd and 1st mortgage?Kathryn
Posted in mortgage | 3 Comments »
