Archive for June, 2010

Mortgage Squatting - CNN

Saturday, June 19th, 2010

consumerwarningnet asked: With foreclosure looming and powerless to do little else, troubled homeowners trying to hang onto their home are being advised to just stay in their homes despite foreclosure proceedings.Battery Back Up Sump Pumps

What is a loan Modification?

Thursday, June 17th, 2010

AmericanFinancial asked: How can American Financial Assistance Help Me? We will provide a free consultation to see if you qualify for a loan modification. Then, we will go over your options that best protect your home and credit. If you are facing a notice of default, we can move in ...

Is it possible to get a 2nd mortgage to pay down part of the first mortgage?

Tuesday, June 15th, 2010

none asked: The mortgage on my investment property is adjustable, and I would like to take advantage of the current rates. I cant refi the whole mortgage because now the property is worth less than the loan amount. Can I get a new (fixed) mortgage for say, half ...

If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?

Tuesday, June 15th, 2010

3dTyler asked: If I have 2 homes, both with mortgages, and I default on one of the mortgages, can the bank (different banks for each home) who holds the bad mortgage come after the 2nd house?Painting Vinyl Siding

Short Sales Create Potential Conflicts of Interest for Loan Servicers and Investors

Monday, June 14th, 2010

ThePrecisionTeam asked: An investor provides the cash for a loan to the borrower. A loan servicer manages the payments from the borrower for that loan on behalf of the investor. Many of the loan servicers also provide loans themselves separate from their servicing departments, like Bank of America. What happens ...

Is it possible to get a 2nd mortgage on a 2nd house by renting out your first ?

Monday, June 14th, 2010

JCMG asked: I have my first property which is a 3 bedroom house 2 bathrooms and a downstairs WC, All in all a pretty tasty property. I reckon I could rent out the house for the same amount as the mortgage which is just under £600 however is on a variable ...

Canadian Funding Corporation 2nd Mortgage Loan - Douglas St. Sudbury - $39500

Monday, June 14th, 2010

alexandermoishe asked: All types of short-term financing can be accessed for complex or challenging situations in terms of both timing and product. Bridge loans are designed to be paid back relatively quickly, such as by a subsequent longer-term loan. Bridge loans can be a key component in a long-term strategy ...

VIDEO BLOG - 2nd mortgage

Monday, June 14th, 2010

xPhilStrongx asked: Listen as Phil discuss this critical aspect of home ownership - understand what damage a 2nd mortgage can do and get motivated to get rid of it fast. If you have a 2nd mortgage please take the time to find out WHY and HOW to make sure you ...

Tom Scott Exposes Chris Dodd’s Special Mortgage Treatment From Countrywide

Sunday, June 13th, 2010

jbranstetter04 asked: The little Democrat Weasel Chris Dodd is a crook and a scoundrel who should be thrown out of congress head first just like his Fannie Mae buddy Barney Frank; they're like two peas in a pod. Although if you are ever caught in a pod with Barney Frank, ...

Do I have to file Chapter 13 if my 2nd mortgage has been charged off?

Sunday, June 13th, 2010

midwest73 asked: Home value is well below 1st mortgage and we have no plans to move. 1st mortgage is current but due to job loss could not keep up 2nd. What happens if I don't file Chapter 13?Pine Scented Candles