Archive for May, 2008

Last year I refianced for a 2nd mortgage. What can be done about a payoff being 31 days late?

Wednesday, May 28th, 2008

rosesbloom7 asked: I took out a second to pay off a ballon payment mortgage. They said not to make the payment that they would pay it off. They paid it off late by 31 or 32 days.Anna

Posted in mortgage | Comments Off

What are my options as 2nd Mortgage holder when delinquent?

Wednesday, May 21st, 2008

Greg A asked: In Florida, I hold a 2nd mortgage for an individual who is 2 months behind in payments. What are my options regarding Liens? Can I attach other property or does it have to be the property to which the mortgage pertains?Marjorie

Posted in mortgage | 3 Comments »

Is it better to roll-in your closing costs or get a 2nd mortgage to cover them?

Sunday, May 11th, 2008

Cookie On My Mind asked: We just closed on our townhome this past Friday. We ended up with less money than we had hoped for because the closing costs were so high. We're due to close on our new single family home August 10th and those closing costs are going ...

Posted in mortgage | Comments Off