Archive for September, 2010

My lender had sold my 2nd mortgage to a debt Collection agency and offered Home affordable modification for?

Thursday, September 16th, 2010

Tamara asked: 1st loan. After loosing my job, I can afford to pay my 1st loan in full.What do I have to do to settle with the debt collector? If I settle to pay monthly lower payment,how long do I have to pay?Do I have to hire an attorney?If ...

Stop Paying Your Mortgage! CEPersVid-2

Tuesday, September 14th, 2010

carlpers2 asked: Why a homeowner or other mortgagor in NY and other judicial-foreclosure states should stop paying the mortgage if financial difficulty is expected in 6 months, invite a foreclosure action, defend the action timely and vigorously (at low cost), and use the extended time to obtain a reasonable modification ...

Can I withdraw my mortgage application from a mortgage company without paying a fee?

Sunday, September 12th, 2010

nightingale asked: We are in the middle of applying for a mortgage with a mortgage company. We have submitted documents and has signed paperworks but we want to switch to another mortgage company. Can we still do it and since they have worked on our papers already , are we ...

Canadian Funding Corp. 2nd Mortgage to Estate of Judith Clemow, Sudbury

Sunday, September 12th, 2010

alexandermoishe asked: Pulling together some of the top experts in their fields, founder and president of Canadian Funding Corp., Moishe Alexander, has created a team of specialists that can analyze, assess and fund just about any project. Whether its short term bridge financing, a home mortgage for a first time ...

BILL MOYERS JOURNAL | Mortgage Mess | PBS

Sunday, September 12th, 2010

PBS asked: www.pbs.org BILL MOYERS JOURNAL travels to ground zero of the mortgage meltdown — Cleveland, Ohio. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis.. Aired Friday, ...

Amazing Case of Loan and Mortgage Fraud

Sunday, September 12th, 2010

FourthEstate8 asked: Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in San Diego, a failing Los Angeles loan ...

What happens to 2nd in a foreclosure when the 1st mortgage is not even satisfied on a sale?

Sunday, September 12th, 2010

reed asked: The first will be short by 75,000 and the second will be short by 200,000 which is the balance on the 2nd.Plumbing Tips For Homeowners

I’m underwater by about 70K on my house and am thinking of a strategic foreclosure on my 2nd mortgage only?

Friday, September 10th, 2010

heyjohn56 asked: My house is worth 210K. I owe 230K on a 1st mortgage and 50K on a 2nd. I plan to retire and sell the home in 7-10 years but it looks like I have little chance of breaking even. What is my best option?How To Choose The Perfect ...

How to apply for mortgage loan modification?

Thursday, September 9th, 2010

Harris T asked: I have lost my job and am now working as a cashier at a grocery store. The problem is that my new salary is not enough to cover the mortgage. I am in a very tight situation so I am curious to know my options. I have ...

Can I refi my 1st mortgage and leave my 2nd mortgage?

Wednesday, September 8th, 2010

Michele K asked: I'm trying to look at all options here...my 1st mortgage is at 160K and my 2nd is at 40K. With the market, currently it is worth around $190, so I can't refi them into one fixed loan. They are going to adjust in January 2010 ...