| Subject | Date Asked |
|
| Streamline loan | 11/20/2009 |
Q: I am looking into a re-fi and am considering a streamline loan. My question is, what are the major ... A: Thanks for your question!
|
| First home purchase | 11/10/2009 |
Q: I have a couple questions regarding purchasing my first home. As some background info, I only have ... A: sorry for the delay in answering it... The auto loan will initially lower your score, since it will ...
|
| Construction to end loan mess | 10/29/2009 |
Q: In Sept of 2008 we were approved for a construction loan to put a manufactured home on a basement. ... A: Sorry for the delay in responding - # 1 If they have an appraisal, they are required by LAW to ...
|
| Construction to end loan mess | 10/27/2009 |
Q: In Sept of 2008 we were approved for a construction loan to put a manufactured home on a basement. ... A: you won't be able to secure an end loan - Did you rely on information supplied by the seller / ...
|
| Past due taxes/mortgage refinance | 9/24/2009 |
Q: First off, thanks so much for this service! I'm trying to refinance my house, and I have good ... A: Sorry for the delayed response... Most lenders are going to require that the amount is paid in full ...
|
| Past due taxes/mortgage refinance | 9/23/2009 |
Q: First off, thanks so much for this service! I'm trying to refinance my house, and I have good ... A: it is very unlikely that this information has been reported to the credit agencies - The only ...
|
| How to sell half a house | 9/22/2009 |
Q: This is complicated to explain - here it goes - I bought the house next door in an estate sale and ... A: Sorry - I didn't see the follow up post... You'd be unable to secure that second on a property you ...
|
| divorce and mortage | 9/21/2009 |
Q: Sir, I am going through a divorce and my wife is keeping the house. I have got 2 calls from the ... A: sorry for the delay in th response. The note and mortgage are the "enforceable" areas of ...
|
| How to sell half a house | 9/20/2009 |
Q: This is complicated to explain - here it goes - I bought the house next door in an estate sale and ... A: sorry for the delay in my response. Would the first mortgage holder consider a "short sale"? If ...
|
| Secong Mortgage | 9/14/2009 |
Q: My mother had her first mortgage modified. Can she also modify her second mortgage? A: as well as a copy of the first mortgage modification agreement - Thanks for using AllExperts.com! ...
|
| purchase of a vacation home | 9/3/2009 |
Q: My wife and I are 61 both still working full time with household income over $300M. We have total ... A: in my opinion, it doesn't make sense to use "cash on hand" to payoff this loan - I'd keep the line ...
|
| Refinance Options | 8/30/2009 |
Q: I own a townhome in VA and purchased it 4 years back at the market peak. I paid $390K. In Feb 2010 I ... A: but there are specific requirements (Loan must be currently serviced by Fannie Mae, etc) which would ...
|
| assumption of mortgage | 8/21/2009 |
Q: my husband pass in 2007 leaving me the house in the will which was finally probated this past month. ... A: then the lender has every right to ask you to refinance - I'd speak with a supervisor and explain ...
|
| Owner finance loan | 8/21/2009 |
Q: I am purchasing a home with the owner financing it. what do I need to do to ensure everything is ... A: you would make the payments directly to them - If it is a private individual, it is unlikely that ...
|
| Obtaining a mortgage | 8/20/2009 |
Q: My grandmother is gifting my husband & our home in order to consolidate all of our debt. We are ... A: You may be able to secure some type of financing, be it much higher than what would be considered ...
|
| in modification wellsfargo needs quick claim deed | 8/20/2009 |
Q: the third party left residence i and my daughter gave all proper paperwork wells fargo morgage co ... A: you would have to petition the court for his or her removal, if they refuse to execute a quit claim ...
|
| 2nd lien holder in my property | 8/19/2009 |
Q: I have a house in Naperville, IL which I bought 3 yrs ago. I am working with my mortgage bank to ... A: When was the "mechanics lien" (your region may have a different name for it) placed on the property? ...
|
| Judgements | 8/11/2009 |
Q: I am recently married but have poor credit from a previous divorce. I had 2 judgements from credit ... A: as well as copies of cancelled checks from your checking account (do not pay with money orders - the ...
|
| Selling a 2nd mortgage | 8/5/2009 |
Q: A nearby developer got a $850K loan to build a spec house. During construction he decided to ... A: I'm still a little confused - You stated that "he can increase the first to include my private loan ...
|
| Selling a 2nd mortgage | 8/1/2009 |
Q: A nearby developer got a $850K loan to build a spec house. During construction he decided to ... A: I think an investor would have an issue with the borrowers ability to simply pay you off - A ...
|
| Transfer property loan | 7/22/2009 |
Q: I bought a brand new home in an undeveloped area 4 years ago. Question, can a home loan be ... A: loans are attached to the property, not the borrower (the security for the loan lies with the ...
|
| extra money | 7/17/2009 |
Q: so I'm not quite sure where to post this, but i will start here. i just recently bought a townhouse ... A: 000 debt into the mortgage? do you have a mortgage for 300,000 and 20,000 is debt? I never think ...
|
| Getting A House Without Buying It Right Now... | 7/8/2009 |
Q: A former landlord got so pleased with our responsibility on the payments and the care of the house ... A: .. It sounds like you might be taking over an "assumable" mortgage, where the debt transfers to ...
|
| buying an older home | 6/18/2009 |
Q: I want to buy this 1090 sq. ft. home that needs repairs(some major--floor, plumbing, roof, ... A: you'd want to a) factor in the cost for annual flood insurance b) CAREFULLY think about owning a ...
|
| Home Sale | 6/15/2009 |
Q: I moved out of my home after i could no longer afford the payments. The current renter was paying ... A: I would IMMEDIATELY contact the lender and see if you would qualify for a loan modification - DO ...
|
| buying an older home | 6/11/2009 |
Q: I want to buy this 1090 sq. ft. home that needs repairs(some major--floor, plumbing, roof, ... A: and my apology for the delayed response. The rate on the home equity loan seems higher than the ...
|
| bankruptcy | 5/25/2009 |
Q: is it possible to file bankruptcy, and keep accounts open that you have paid off? is it possible ... A: With all the recent changes in the BK laws, I'd suggest you contact someone with more up to date ...
|
| refinance | 4/28/2009 |
Q: Bought my house in August 2007 for $240K. Houses in the neighborhood now selling for $190K. I owe ... A: but the highlight is the ability to finance 105% of the value of the property (** NOTE the loan must ...
|
| private lending and SEC | 3/19/2009 |
Q: Do you know how I can advertise for private lenders for real estate purchases without getting in ... A: Beware of lenders who "sound too good to be true", and offer low rates and then "bait and switch" - ...
|
| gifting money | 3/18/2009 |
Q: My sister asked if I could borrow money on her behalf for a down payment for a home purchase. Her ... A: which would require a copy of the check, a copy of the deposit slip (of the receipient) and a letter ...
|
| Pay off my mortgage | 2/15/2009 |
Q: currently I have a 10yr/fixed/%4.68 $60,000 mortgage on a $179,000 Condo. I calculated that within ... A: that you may not be paying ENOUGH interest to qualify for itemized deductions - In that case, it may ...
|
| pay off mortgage with home equity loan | 2/11/2009 |
Q: I have a friend who has a $157,000 first mortgage at 5 3/4%. He wanted to know if he can pay off the ... A: 25%) If you could get an equity line at prime minus 0.50% or minus 1.00%, you would be borrowing ...
|
| Home Loan after Bankruptcy | 2/9/2009 |
Q: My husband and I filed chapter 7 bankruptcy which was discharged in January 08 so it's been a little ... A: Unfortunately, both Fannie Mae and Freddie Mac have time guidelines that must be satisfied before ...
|
| Bankruptcy And Foreclosure | 2/8/2009 |
Q: My husband and I filed a chapter 7 bankruptcy and have been discharged now for about a year and a ... A: In regards to your credit history, the bankruptcy and the delinquent mortgage typically go hand in ...
|
| closing | 2/5/2009 |
Q: the borrower purchased a home in 02/08, the builder signed a contract to purchase the borrowers ... A: and have the closing agents understand that the proceeds from the one loan will be used for the ...
|
| Primary residence | 1/30/2009 |
Q: I purchased a condo apartment, then later purchased a second apartment adjacent to it. I have ... A: I think you may have difficulty refinancing the "other" unit, as now the original integrity of the ...
|
| Sell or transfer | 12/20/2008 |
Q: My husband is currently working in another town almost 2 hrs away. If he passes the one year ... A: this is how I would proceed. # 1 - Refinance the house now - get your cash needed for the ...
|
| home swap | 12/12/2008 |
Q: I am interested in trading my house for a neighbors house so we can both have the appropriate square ... A: In order to transfer the titles to the properties, you would have to sell the properties to each ...
|
| Financing | 12/3/2008 |
Q: I have recently purchased a duplex for 23,000 in antigo, wi. I had my grandma co-sign because I am ... A: Are you living in your duplex? Is there any equity in it or in your grandmothers home? A local ...
|
| Qualifying for home with MIL unit | 12/3/2008 |
Q: I would like to buy a home with a MIL unit on the property. The main house, which i would occupy, ... A: .. 1) The amount you would be financing is within the Fannie and Freddie conforming limit, and ...
|
| Home loan | 11/26/2008 |
Q: I have a variable rate loan for 220000 on a home valued 325000. when i attempted to refinance to ... A: All lenders have requirements regarding what is called "combined loan to value"; which is the total ...
|
| Assuming A Mortgage | 11/7/2008 |
Q: My landlord is loosing his house due to foreclossure. It is possible for me to assume the ... A: If your income is verifiable, and you have good credit, and a down payment, even with the tax lien ...
|
| Good Credit, Good Job.... | 11/3/2008 |
Q: My sister is a teacher in NJ with stable working history (11 years) and a licensed Ocupational ... A: Unfortunately, she wouldn't be able to purchase the home as her primary (her NJ residence is the ...
|
| Can the co-owner of my home make me sell it? | 10/29/2008 |
Q: My boyfriend of 4 years met a girl online on Friday, went on a date that night and one on Sunday. ... A: I need to preface my response by telling you I am NOT an ATTORNEY, nor am I qualified to render ...
|
| Mortgages | 10/25/2008 |
Q: We have a first and second mortgage on our home with the same lender. Lender is willing to modify ... A: it will be difficult to obtain information from them - A telephone call to the attorney for the bank ...
|
| Mortgages | 10/24/2008 |
Q: We have a first and second mortgage on our home with the same lender. Lender is willing to modify ... A: If you have your closing documents, the "HUD" settlement statement should have the Mortgage ...
|
| Reals state selling | 10/16/2008 |
Q: I sold my home to one of those companies that buy it in a week or so.I found latter that they never ... A: in financial times like these, there always seems to be someone who preys on the ones who need the ...
|
| Not sure what to do? | 10/2/2008 |
Q: I purchased a home with a partner a year or two ago. Being co-borrowers we both have assumed ... A: .. Unfortunately, you cannot "remove" someone from a mortgage or promissory note - The only way to ...
|
| money from sale of home | 9/15/2008 |
Q: If we sell our home for 650,000 and wait until we get the money to begin searching for a new place ... A: 000 - There are methods of getting around this amount however. I'm not fully versed in the fine ...
|
| getting a mortgage after bankruptcy | 9/3/2008 |
Q: My husband and I live in Exeter,NH. We own a mobile home and have 6 kids. We really need to buy a ... A: ) The banks use them as guidelines, but have some latitude as to what they can and can't do...
|
| getting a mortgage after bankruptcy | 9/3/2008 |
Q: My husband and I live in Exeter,NH. We own a mobile home and have 6 kids. We really need to buy a ... A: Depending on your down payment you may be able to qualify for conventional financing, with your ...
|
| purchase/rehab loan | 8/29/2008 |
Q: Buying a forclosed home at a great price. Wanted to get an extra 10,000 to fix it up and live there. ... A: you may find it difficult to secure an additional $10,000 to rehab the property. You may want to ...
|
| mortgage/estate/refi | 8/26/2008 |
Q: my parents died with no will some 8 years ago. i have been paying the mortgage and living in the ... A: it allows the lender or bank to verify the information you've submitted via w-2's, etc. (the "T" ...
|
| Land Contracts | 8/25/2008 |
Q: My property is located in Michigan. I am selling my home on land contact to my tenant. There is ... A: each municipality has its own rules on tax exemptions I would make a general inquiry with your tax ...
|
| Buying a second property | 8/20/2008 |
Q: I currently live in a townhouse. I want to buy my mother's house as an investment-- to renovate and ... A: You're going to have an issue claiming the new house as your primary residence. In today's market ...
|
| Real Estate investment VS subprime crisis | 8/11/2008 |
Q: I am studying the liquidity of the real estate Market and i was surprised to see that it is very ... A: the days on market for real estate is at the highest level in close to ten years. This collapse in ...
|
| mortgage usury law in California | 8/4/2008 |
Q: Is there a mortgage usury law in California? In desperation I took a 19.5% second. My credit rating ... A: 19.5% sounds extremely high, it would be worth a telephone call to your Attorney Generals office. ...
|
| Asset-based qualifications for home mortgages | 7/31/2008 |
Q: We are retired and have little "income", but substantial assets. We can thus easily afford a ... A: With the recent bad news in the lending markets, and declining real estate prices, lenders have ...
|
| mortgage/estate/refi | 7/25/2008 |
Q: my parents died with no will some 8 years ago. i have been paying the mortgage and living in the ... A: The property in question must be in your name at the time of the loan application in order for the ...
|
| Assumption Loan vs. Home Purchase Loan (new) | 7/21/2008 |
Q: My father-in-law is offering to sell my husband and I one of his properties, as he needs to pay off ... A: .. The mortgage broker has a great idea - the gift of equity - The gift doesn't affect the sales ...
|
| land home financing | 7/12/2008 |
Q: We are buying a couple of lots with utilities on both lots, there is also an old two bedroom trailer ... A: Unfortunately, your situation is a difficult one - You have the strong credit and your husband has ...
|
| financing | 6/25/2008 |
Q: I am a first-time homebuyer interested in a 440,000 home. A banker said I could not do 80 10 10 ... A: or "declining markets", in which the lenders require more than a 5% down payment - The California ...
|
| credit score and buying a home | 6/6/2008 |
Q: I plan to buy a home next spring. I am renting a condo currently. I have about $8000 left of car ... A: I wouldn't recommend paying off your car loan now. Your score of 799 is excellent; the highest I've ...
|
| Mother in law suite | 5/26/2008 |
Q: We have found a home with a mother-in-law suite that we are interested in buying. My mother-in-law ... A: In light of the current interest rate enviornment, I would suggest a 30 year fixed rate loan - if ...
|
| mortgage through an individual and not a bank | 5/9/2008 |
Q: If I where to purchase a second home and wanted to finance part or all of the home using a loan from ... A: and I'm not qualified to give legal advice.... If an individual is lending you the money, I'm ...
|
| No down payment | 4/21/2008 |
Q: I recently recieved the closing papers for a local residence and they would like either 4,200 down ... A: The documents you sign at application and at closing allow the bank to verify your residence in any ...
|
| quick claim deed | 4/16/2008 |
Q: During an emotional crisis, I agreed to sign a quick claim deed over to the co-owner of my home in ... A: If it was recorded at the court house, I would go to the court house and obtain a copy. As far as ...
|
| quick claim deed | 4/15/2008 |
Q: During an emotional crisis, I agreed to sign a quick claim deed over to the co-owner of my home in ... A: If you've SOLD the house, why are you paying interest, did you assign the property to someone but ...
|
| quick claim deed | 4/12/2008 |
Q: During an emotional crisis, I agreed to sign a quick claim deed over to the co-owner of my home in ... A: and I am not qualified to render legal advice. Without seeing the contract, it would be tough to ...
|
| down payment | 2/18/2008 |
Q: I have a question about my down payment. If I sign a contract to buy a house for $450,000 and the ... A: the credit for the carpet doesn't change the sales price and you can still avoid the PMI - another ...
|
| down payment | 2/18/2008 |
Q: I have a question about my down payment. If I sign a contract to buy a house for $450,000 and the ... A: you only have $90,000 to utilize, and if you buy the house for $440,000 you need to allocate the ...
|
| Untraditional Mortgage | 2/6/2008 |
Q: I own a condo, paying about 5.7% on it. It has been about 3 years since I purchased it, so I am ... A: The 5.7% rate you currently have (if it is a 30 year fixed rate) is near the current market rate - ...
|
| Quick Claim Deed | 1/13/2008 |
Q: I did a quick claim May 2006. When I did this I was assured that all payments going forward would be ... A: you gave up your ownership of the property, but it didn't release you from the terms of the note and ...
|
| Primary Home Rented out temporarily and I am in a Chapter 13 | 10/15/2007 |
Q: The home I am talking about is my primary home, but because of my job I had to rent it out to some ... A: I would recommend you contact your current mortgage holders "workout" department - They would be ...
|
| Seller financed mortgage | 9/12/2007 |
Q: We sold a rental property to the renters and hold the mortgage. They have been paying for about 6 ... A: If they really want the property into their name, ask them to obtain financing to pay off your ...
|
| ReFinance | 8/3/2007 |
Q: Brian I'm a Soldier and currntly live in a home with 10-13K equity that I purchased new with a FHA ... A: Something that sounds too good to be true, typically is -The rate of 6% may not be a fixed rate, it ...
|
| ReFinance | 8/3/2007 |
Q: Brian I'm a Soldier and currntly live in a home with 10-13K equity that I purchased new with a FHA ... A: I think you may have a difficult time reducing your monthly payment by refinancing to an interest ...
|
| ARM restting | 7/27/2007 |
Q: I bought my house for $385K with an 2/ARM. My first mortgage is 308k (6.6%), second is 77k (9.75%). ... A: I don't believe you're going to be able to securing financing for more than 100% of the property ...
|
| 1st time home buyer | 7/25/2007 |
Q: I am single, 36, and rented my whole life. I have approx 70k in my 401K, but not much in other ... A: Jeff - Thanks for your question - There are some numbers you're going to need to put together for me ...
|
| Real Estate | 7/8/2007 |
Q: I'm English and have lived in Los Angeles (and now San Diego) for almost 2 years. I'm very ... A: Lucy - Thank you for your question - I wish you the best of luck pursuing your real estate career - ...
|
| question | 7/3/2007 |
Q: .. quick question... Is it possible to buy or lease apartment building in San Francisco,ca and ... A: next step would be to contact the city/municipality to see if they would allow the conversion of the ...
|
| I want to buy a house but I am getting in banckrupt | 6/22/2007 |
Q: I am forced to file chapter 13. My wife not. I am the only source of income in the family (about a ... A: Yes, she needs to be on the lease - The reason for NO money orders is that theoritically, the ...
|
| I want to buy a house but I am getting in banckrupt | 6/22/2007 |
Q: I am forced to file chapter 13. My wife not. I am the only source of income in the family (about a ... A: you have to have completed your Ch 13 BK to purchase a new home, the only exception is if you were ...
|
| Combining Mortgage and HELOC | 6/20/2007 |
Q: I have a fixed 30 year mortgage at 6% with $58,000 left to pay off and 24 years to go, as well as a ... A: so it doesnt make sense to refinance it - You may be able to find a fixed rate second mortgage ...
|
| Down Payment | 6/19/2007 |
Q: I am a teacher here in california. I am pre-qualified for a mortgage of $500,000. I have $10,000 ... A: police officers and firefighters - Here is a link to their page ...
|
| Using a Co-signer for a home mortgage | 5/15/2007 |
Q: My question is if i have a 620 credit score and a I get my dad to co-sign for me and he has a 800 ... A: however, not the BEST rate, depending on your other qualifications; debt ratio, income, employment ...
|
| Law Enforcement Home Loans | 4/24/2007 |
Q: I had heard from my mother in CO that there were some creative home loans for law enforcement ... A: but I've posted a link with the Fannie Mae Community Development program It is in a PDF (ADOBE) ...
|
| REAL ESTATE | 4/23/2007 |
Q: I own 1/2 acre lot in central Florida. A person wants to buy it from me by putting $5,000 down, ... A: The Attorney should be in Florida - Real Estate laws vary from state to state, so a FL attorney ...
|
| REAL ESTATE | 4/22/2007 |
Q: I own 1/2 acre lot in central Florida. A person wants to buy it from me by putting $5,000 down, ... A: Hire a reputable real estate attorney - get references - An Attorney would prepare a deed, which ...
|
| Junior mortagage | 4/15/2007 |
Q: Why would seller take out a junior mortgage during the sell of their property? for example sell ... A: 000 that had an existing 150,000 mortgage - at time of closing he took out a second mortgage for ...
|
| Why refinance? | 3/29/2007 |
Q: I have a home mortgage in my name only that has a great rate - 5.25%. My domestic partner and I ... A: your will would direct it to her, and she would be required to pay off the existing lien (which is ...
|
| Conundrum | 3/26/2007 |
Q: I am doing a favor for my father in law... Essentially he bought a home for his friend who was at ... A: What might be a better solution would be for your father to get more conventional "FNMA" type ...
|
| Conundrum | 3/26/2007 |
Q: I am doing a favor for my father in law... Essentially he bought a home for his friend who was at ... A: Sounds like the mortgage officer was a little "deceptive". If the buyer had made the last 12 ...
|
| Conundrum | 3/26/2007 |
Q: I am doing a favor for my father in law... Essentially he bought a home for his friend who was at ... A: Quit claiming a property involves recording a deed from one party to another (your father to a new ...
|
| Conundrum | 3/26/2007 |
Q: I am doing a favor for my father in law... Essentially he bought a home for his friend who was at ... A: however, the only way to get the loan out of your father in laws name is to sell the property to ...
|
| quick deed changes | 3/21/2007 |
Q: How do you get someones name off the mortgage of the house without refinancing. We have been trying ... A: They would be relinquishing all rights and title to the house - HOWEVER, they would still be ...
|
| quick deed changes | 3/21/2007 |
Q: How do you get someones name off the mortgage of the house without refinancing. We have been trying ... A: the persons name from the title to the property additionally that person has to sign the deed ...
|
| Mortgage Help | 3/19/2007 |
Q: Let's say that a husband is the only person on the deed and the mortgage. If I need to put the wife ... A: nor am I qualified to render legal advice. That being said, normally, you can have an attorney (one ...
|
| interest rates | 3/8/2007 |
Q: I won't hold you accountable but you mentioned that the trend is down for rates. Do you actually ... A: Hoping this link will work http://finance.yahoo.com/q/bc?s=%5ETNX&t=6m That is a 6 month tracking ...
|
| interest rates | 3/8/2007 |
Q: When the federal reserve raises or lowers rates, I understand that it does not have a direct impact ... A: You are correct that there is no direct correlation between the FED rate and long term interest ...
|
| Refinanced | 2/19/2007 |
Q: I purchased my house almost 2 years ago. During that time my credit score was a 580 (since I had ... A: your rate will also be determined by the loan to value (how much you're borrowing vs. the appraised ...
|
| question | 2/18/2007 |
Q: I have been paying cash rent every month for the past ten years, and I am still paying $500 every ... A: ..) They typically ask for the last 12 - 24 months to evidence your rental history. Unfortunately, ...
|
| Can I get a mortgage? | 2/16/2007 |
Q: Beardsley, My name is Edward. I am 22 years old, and I just graduated from college last December. I ... A: then you could easily obtain a mortgage, as long as the property would sufficiently cash flow. ...
|
| Mortgage Brokers | 1/6/2007 |
Q: "First, let me say thank you for volunteering your time to help others with there questions! I ... A: and join - Start networking with the members - you'll find that some aren't willing to reveal their ...
|
| refi | 12/1/2006 |
Q: if I only refinance the HELOC and car loan I won't get the 5.35 interest rate because I will still ... A: All depends on your cash flow, are you more concerned with lowering your payments ? If you're ...
|
| refi | 12/1/2006 |
Q: 1st mortgage is 15 yr fixed payment $854.00 at 7.35 will be paid off in 08/2010, 35,000 balance. ... A: I'd leave your first mortgage alone - your payment is likely mostly principal at this point, and ...
|
| Refinancing A New Doublewide | 11/20/2006 |
Q: I am currently looking for someone to refinance a new doublewide for debt consolidation. But I am ... A: I would recommend visiting this web site www.namb.org Which is the National Association of ...
|
| Creative Mortgage | 11/8/2006 |
Q: My mother wants to buy a house in Orlando Florida. The house cost $350,000. Her credit is about ... A: she should be able to locate a fixed rate - If you can find a variable rate where the first ...
|
| short sale | 10/30/2006 |
Q: Beardsley, I am currently looking into purchasing a two family home within the next year. I am ... A: which is out of my area of expertise. There are plenty of first time home buyer programs out there, ...
|
| 2/28 mortgage | 10/18/2006 |
Q: Have have recently closed on a home for 108.000 I was approved for 90/10 and the owner finance the ... A: You are permitted to refinance your loan prior to the expiration of the prepayment penaltly, ...
|
| Trading homes even up! | 10/6/2006 |
Q: I have printed the info. from the web site that you gave and now I need to obsorb it. Below are the ... A: Below are the answers to your questions/concerns?Answer to your first question is Yes, His home + 3 ...
|
| Trading homes even up! | 9/29/2006 |
Q: I have been offered to trade my home with a neighbor even up. He is getting married, living with is ... A: along with an issue with any outstanding mortgage on your home - Would you continue to make the ...
|
| who are you? | 9/25/2006 |
Q: 1. what is stated income exactly? 2. how can i use on a borrower? 3. and does stated income involve ... A: the borrower states an income on the loan application Stated income is typically used on borrowers ...
|
| Closings | 9/17/2006 |
Q: I appreciate you taking my question. At closing what is the most safest way to have your interest ... A: and I need to tell you I am not an Attorney and can't offer you legal advice, however, the best ...
|
| Payoff Request Denied | 9/8/2006 |
Q: I recently aquired a Trustee's deed at aution when a 2nd mortgage foreclosed. I have been in contact ... A: I would contact the collections/foreclosure department, explain that you are the second mortgage ...
|
| refinancing a house on the market | 9/4/2006 |
Q: our house in TX has been vacant and on the market for 4 months. We have since moved to CA and are ... A: however, it would depend on a couple of factors - For instance, what is the current rate on that ...
|
| Foreclosure | 9/2/2006 |
Q: My son bought a home in Dec '05. It was appraised at $5,000 more than the purchase price, but is ... A: thanks for your question I would make sure your son contacts the bank asap and explain his ...
|
| Capital Gains | 8/30/2006 |
Q: we are selling our house due to divorce. The house has been our primary residence for 7 years. We ... A: but did find this link for your review - There are different exemptions for different situations and ...
|
| financing a cheaper house | 8/13/2006 |
Q: I have finally come to the realization that i will never be able to buy a house in my hometown of ... A: My recommendation would be to keep saving to increase your downpayment, and work on improving your ...
|
| 2nd mortgage foreclosure | 8/9/2006 |
Q: My question concerns my 2nd mortgage company forecloser on my house. My 2nd mortgage company (HomeQ) ... A: SOrry for the delay in responding - I'm unclear how you came to incur $2900 worth of "foreclosure ...
|
| real estate mortgage solutions | 6/3/2006 |
Q: Would it be costly to deed my daughter on to house? How much of the house would she own? Thanks so ... A: You would need to contact a real estate attorney who who perform a title search (approximately ...
|
| Mortgage - GFE | 5/25/2006 |
Q: We have submitted an offer on a home that is already built and it was accepted. The asking price ... A: the VA cannot dictate what the home is sold for, as long as they receive an amount sufficient to ...
|
| Mortgage Business Question | 5/19/2006 |
Q: Mr. Beardsley, From your wealth of experience and success through longevity in the industry, ... A: I've reviewed different lead sources for the past 10 years - there are many companies that offer ...
|
| hank you for your time,
We... | 5/16/2006 |
Q: hank you for your time, We wanted to Refinance our home to pay up and close our credit cards. we ... A: What you can do is sell the property to your daughter, in lieu of a downpayment, you can give her a ...
|
| Buying a Home | 5/8/2006 |
Q: I want to purchase the home that I currently live in now, but I have been reluctant to try because ... A: With your credit score, your BK, and your self-employment, you will find it difficult to get a ...
|
| Capital Gains Question | 5/7/2006 |
Q: My elderly Father recently came to live with me because of dementia. He has a condo in Cocoa, ... A: When you put the condo in your name, did you deed it to yourself for a $1? I am not a CPA and ...
|
| "Trading Homes" with a builder | 5/6/2006 |
Q: A realtor approached me with the idea of "trading" homes with a builder of new houses. I would like ... A: Typically, the builder will buy your house at a below market price, to sell you the house he built ...
|
| Too Sticky? Buying in with family.... | 5/1/2006 |
Q: Brian, We'd appreciate the input of an expert on our potentially sticky situation. My fiance, Jed, ... A: What you might want to consider, is purchasing the home outright from his grandparents - determine a ...
|
| ARMs | 4/25/2006 |
Q: I would like to learn all of the pros and cons regarding Adjustable Rate Mortgages. What should I ... A: If you are going to be out of the property in 3 years, and the 3-1 ARM rate is 5.50 and the 30 year ...
|
| 1st time home buyer | 4/22/2006 |
Q: I have excellent credit (says experian). i have little savings, but 50K in 401K. i rent and have ... A: congrats on your excellent credit, that's one of the most important steps when considering ...
|
| eloc's | 4/16/2006 |
Q: We recently purchased a house with (80-15-5)% loan finance. The cost of the house is $315000, 1] ... A: you are simply paying the interest you've accrued for the month, you are not paying anything towards ...
|
| refi-getting out of interest only | 4/11/2006 |
Q: My interest right now is pretty good but I don't know what the two rates are off the top of my head. ... A: I understand that it is an interest only - but for what period of time is it interest only? is it ...
|
| refi-getting out of interest only | 4/11/2006 |
Q: I hope you can help. I own a 3 family house in Bloomfield with two tenants and myself occupying ... A: My take on interest rates is that they are going to keep increasing at least through the summer - ...
|
| 1099R and 1st time homebuyer | 4/4/2006 |
Q: Is it true that you don't have to pay taxes on up to 10,000 withdrawn from an IRA for first time ... A: however, my interpretation is as follows: The law allows individuals to receive distributions from ...
|