| Subject | Date Asked | Expert |
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| car loan | 11/3/2009 | Mike Weikle |
Q: i got a loan on my car when i was in GA state and bought a second car at the same state from the ...
A: Even if the loan agreement allows such a charge, I doubt you had any idea they would ever charge ...
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| car loan | 11/3/2009 | Finance Guy |
Q: i got a loan on my car when i was in GA state and bought a second car at the same state from the ...
A: Wow, who IS this finance company? First, transferring an account from one state to another should ...
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| Buying a Sibling out of an Estate Property | 11/1/2009 | Bobbi Buehl |
Q: My sister and I have inherited our CA. family house after the death of our mother. My sister wants ...
A: The easiest way to do this is to get yourself qualified for a loan. Also, you do NOT have to do a ...
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| RESPA-Mortgage Fraud question | 10/31/2009 | Mike Weikle |
Q: After learing about RESPA requests, I requested and received a complete copy of my 1st mortgage loan ...
A: If you want to get a loan modification, contact Countrywide and tell them you did not sign the ...
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| loan & inteterest | 10/29/2009 | JT Holt |
Q: I am in Thailand so the currency is different however I assume the principles are similar. If ...
A: This would depend upon whether the borrower is making equal principal payments or whether it is a ...
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| FHA and farm income | 10/26/2009 | Meg Ritchey |
Q: We are trying to refinance our 14+ acre hobby farm. I'm medical/retired (39 years auto sales) wife ...
A: I don't normally get the opportunity to speak with people who discover me on this site. It was a ...
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| equity loan default | 10/24/2009 | JT Holt |
Q: 3 years ago, we took out a home equity loan on our mortgage free house to buy another property. We ...
A: Betty, My suggestion would be not just to quit paying or to walk away. I believe that is in your ...
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| Payday Loan Prosecution | 9/29/2009 | Mike Weikle |
Q: Can failure to repay a payday loan be criminally prosecuted in Texas? For a bad check?
A: In short, the payday lender in Texas is violating the law with a threat of criminal prosecution to ...
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| refinancing qualifications | 9/27/2009 | Meg Ritchey |
Q: Myhusband and i bought our condo in 2007. we have a 5yr adjustable at 5.85%. we pay both priciple ...
A: I understand your frustration. This is a common malaise in this restricted environment for mortgage ...
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| FHA vs. USDA | 9/23/2009 | Bobbi Buehl |
Q: What is the advantage of a USDA loan over an FHA loan? Are there any downsides? Thanks.
A: Hey Joe, There is a significant advantage in going with a USDA purchase verses FHA. 1) No down ...
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| usda vs. FHA | 9/23/2009 | Meg Ritchey |
Q: What is the advantage of a USDA loan over an FHA loan? Are there any downsides? Thanks.
A: I am a big fan of both USDA/Guaranteed Rural Housing and FHA programs. I use them both as much as ...
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| Land loan | 9/2/2009 | Meg Ritchey |
Q: I bought and built a home on 2 acres of land.My wife and I have a USDA loan on my new ...
A: There are several areas of interest with regards to structuring the purchase of the new property. 1. ...
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| Help? | 9/2/2009 | Finance Guy |
Q: Not sure I have the correct area of expertise? We are hoping to open a free community service and ...
A: First, let me say that I appreciate you willingness to get involved and do something positive for ...
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| Adj. rate loan | 8/31/2009 | Bobbi Buehl |
Q: We have a ARM with Chase. There is a 3 yr refi- restriction that expires in Oct. Should we try to ...
A: I would talk with another lender to see if you can put both loans into on lower fixed mortgage ...
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| credit dispute issue | 8/30/2009 | Mike Weikle |
Q: good afternoon! i believe that either my mother or father opened an account with an electric company ...
A: In addition to what I said in my prior answer you should write another letter to the electric ...
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| mortgage refinance | 8/28/2009 | Bobbi Buehl |
Q: At the time of applying for refinance we were told that there would be no problems as friends of ...
A: I want to say first say this, I am truly sorry this has happened to you!! It is companies just like ...
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| commercial financing | 8/26/2009 | Finance Guy |
Q: question how to figure out if usury interest has been charged? Rhode Island law.principle amount ...
A: It is actually a great question... I am surprised that more borrowers do not question their ...
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| discussion on the topics. Kindly help us | 8/24/2009 | Mike Weikle |
Q: What are the different types of Exchange Rate Exposures? Explain the techniques used to manage these ...
A: Exchange Rate Exposure in international transactions is really not my area of expertise. My ...
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| car held hostage in hawaii | 8/12/2009 | Mike Weikle |
Q: I own $14,200 on my car. I got an offer to move from hawaii to arizona. The hi bank is trying to ...
A: Go ahead and negotiate the purchase of a new car before you suffer a drop in credit rating if you ...
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| Follow-Up on Fax | 8/10/2009 | Mike Weikle |
Q: Were you able to determine anything after reviewing my fax from last Friday? We also received a ...
A: Unless you got a sincere apology and an explanation for the no show, I would stay away from that ...
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| car held hostage in hawaii | 8/6/2009 | Mike Weikle |
Q: I own $14,200 on my car. I got an offer to move from hawaii to arizona. The hi bank is trying to ...
A: If the Bank is claiming they have the right to refuse to release title, it is likely set forth in ...
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| Trying to attain a personal loan | 8/6/2009 | Finance Guy |
Q: I am a 19 year old male trying to acquire a $5,000 personal loan. I believe I am in great financial ...
A: You sound like a very credit worthy young man and have a great credit score. You should qualify for ...
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| ATV Loan | 7/29/2009 | Mike Weikle |
Q: I have a loan out on an ATV for about $5,800 and my question is what would happen if I stop paying ...
A: The credit union can still require you to pay for the ATV since they were not involved in the ...
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| dwelling coverage | 7/28/2009 | Mike Weikle |
Q: Our mortgage bank is in Troy, Michigan, and they recently became our new mortgager after a ...
A: Yes, you may have some avenues available to correct the problem. The mortgage lender may be going ...
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| Equity Loan Fraud | 7/22/2009 | Mike Weikle |
Q: A residential property with clear title had been issued to one individual. A HELOC loan was issued ...
A: This one is easy. If the owner did not sign the loan documents and the loan documents were signed ...
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| Contract for Deed Recording | 7/18/2009 | JT Holt |
Q: The Contract for Deed holder has not recorded our notarized and signed agreement with the county. ...
A: If you have an original signed and notarized agreement you can file this with the county if you ...
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| Bank says I owe money I don't | 7/14/2009 | Mike Weikle |
Q: A bank I formerly did business with now claims that I owe them over $7000.00 in loans. I had three ...
A: In short, the Bank has the burden of showing you documentation that you borrowed the money (unpaid ...
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| Enron and AIG | 7/10/2009 | Mike Weikle |
Q: .My question is . How many, if any, of the Enron cast of characters {employees} were hired after its ...
A: The information you want is not public information. You may need to contact your Congressman or ...
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| grants | 7/7/2009 | JT Holt |
Q: I was hoping you would know of some grants to help buy land to start a business on. help please ...
A: The answer to this question depends a lot on the type of business and what type of community you are ...
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| Liens and Foreclosure | 7/4/2009 | Mike Weikle |
Q: Weikle, My mother and grandmother bought a townhouse in July 2000; both names are on the mortgage ...
A: Since the lien is against your grandmother, the State of Washington cannot go against your mother to ...
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| SBA loan | 6/19/2009 | Mike Weikle |
Q: I am considering opening a small business and have been approved for an SBA loan in CA. My home ...
A: Yes, under the terms of the SBA loan agreement, the Bank whose loan is guaranteed by the SBA could ...
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| car liens | 6/16/2009 | Mike Weikle |
Q: I'm not sure I have the right expert, but I was unable to find a car lien expert on site. I have a ...
A: I cannot answer the question without knowing the state in which the judgment debtor resides. ...
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| Buy a business financing | 6/11/2009 | Finance Guy |
Q: I'm looking to purchase an established fast food restuarant. It has been in business at the location ...
A: With your recent BK and resultant credit scores, the bank will certainly say no. But ask for seller ...
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| Mortgage Interest Rates | 6/10/2009 | Bobbi Buehl |
Q: We applied for a 30 mortgage loan in February 2009. (to buy out my former wife half interest in our ...
A: The first thing I'm going to say is this; I'm having trouble seeing that any bank would tell you ...
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| lake property | 5/31/2009 | JT Holt |
Q: we are looking at buying an acre lot, with 350 ft water frontage. there is not a structure on the ...
A: Jennifer, Most construction loans are set up on some type of variable or adjustable rate with a ...
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| Auto Loan Contracts | 5/29/2009 | Mike Weikle |
Q: I have fallen behind on my loan payments, just hit 100 days. I finally have the funds to bring the ...
A: I apologize being so late in responding. I am not sure why I did not receive notice of your ...
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| car loans | 5/14/2009 | JT Holt |
Q: My mortgage company indy mac filed for bankruptcy. Since then my bank has not been able to send ...
A: You may want to try financing a car utilizing a local commercial bank or credit union rather than a ...
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| Direct Pay letters of Credit | 5/8/2009 | Mike Weikle |
Q: I understand that you can finance commercial real estate acquisitions with taxable floaters if you ...
A: Yes it is feasible as DPLOC provides a credit enhancement that will lower the borrowers overall cost ...
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| finance | 5/5/2009 | Mike Weikle |
Q: The first I wanted to ask you is that during investment appraisals the NPV and IRR techniques ...
A: NPV and IRR techniques assumes tomorrow’s money has less value than today…..is this always true? ...
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| FHA loan | 5/4/2009 | Bobbi Buehl |
Q: We were told by our FHA specialist loan officer that to be eligible for an FHA loan, we had to have ...
A: I'm not really sure what you are asking. If you are asking the question "Can we use the house as a ...
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