It has been over a year since the sale of the property. The individual has purchased a property in cash – owner occupied. This would be an additional property on a mortgage. Credit is unblemished besides short-sale.
I was reviewing the local sheriff real estate sale results and noticed that several houses were bought by mortgage companies. Don’t they want to get rid of these houses? Why are they buying them?
My mom passed away and we are trying to short sale her home. My brother is on the title deed and second mortgage but not the first mortgage. Under the deed it says joint tenancy. We already have a realtor dealing with them but she doesn’t understand why first mortgage won’t cooperate so we will [...]
Jan 312012
I have two homes with one mortgage on each (same lender). One home is now in negative equity and has a high interest rate on the mortgage. Even though the bank refinanced the home only two years ago as an 80/20 loan, they will not allow me to refinance now. I thought about renting until [...]
Jan 222012
I bought a house a couple of years ago. I don’t have much equity in it. Now my fiance and I want to buy a new home, but we won’t be able to sell my home for what is owed on the mortgage. Are there programs that let you borrow on your new mortgage to [...]
Our 2nd mortgage company is suing us for $ 25,000 (the balance on our 2nd after they signed off the lien for the short sale). They have submitted paperwork to attach 25% of our wages until it is paid off? Is their any legal way out of this?
We thought we were close to closeing and the mortgage company decided to deny the modification. No one says why when we call and the bank is closed until Monday. We just wonder how much time we might have to move.
Because of decreasing property values and lots of homes in foreclosure in my area, we would like to get out of our current mortgage. We have no late payments and are not in danger of defaulting on our current loan, but it is interest only and houses are on the market (exactly like ours) for [...]
Nov 302011
What is forgiven debt in relation to mortgage short sales? How do I go about pursueing this?
I am self employed and use my home as the base of my business, therefore my mortgage is paid from this, if I sell my house what kind of tax would I need to pay? Answers related to England tax system only please.
Recent Comments