if I currently own a home, and rent it out, then purchase another home to live in, and after a year the renters move out, and I can’t make the payments, and am forced to foreclose on my rental, can the mortgage company come after my new home? I live in MD. Answer: Yes, if …
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Will I get sued by my mortgage company if I foreclose on my home?
I live in Michigan, have a first mortgage through Citi Mortgage and a second through Webster Bank. If I foreclose on my home, will I get sued for the difference of what my house sells for and what I owe? Also, how does it work because I have two mortgages? Any info will be greatly …
Who can deduct mortgage interest and property taxes for a home residence.?
I live in my sons home and I pay all the mortgage and property taxes. Can I use the deductions or must it be the owner? thank you. Answer: The legal owner of the home that has been used as collateral to secure the mortgage for the home and makes the payments would be the …
how should we get home mortgage when we have 4 years valid visa to live in uk? and what do we need to have?
my spouse is a student of glamorgan university and has a good income from our country and its 9 mounth that i’m working full time in the airport, so how can we apply to buy a house? Answer: I thought, depending on your country of origin that you could apply for a permanent visa after …
What is the lowest amount of money a loan mortgage will allow on a home loan?
i.e. 40,000 mortgage or 140,000 mortgage. In other words I want to buy a home for 20,000 will a morgage company give a loan for that amount? Is there a based amount for mortgage companies? I live in NC area if that helps Answer: Here in Forest City , N.C. a bank or mortgage company …
i need help in getting my home mortgage paid through a Charity or someone Else i live in ohio?
i am behind on my mortage payment because my husband lost his job i just need to see if their is somewhere i can get help Answer: every one in the world would love to have their mortgage paid by some else!!! talk to your lender and explain your position,, they may defer or reduce …
When the assessed value of my home goes down, how is my mortgage affected?
When I bought my home, it was assessed at 90k. Now, two years later, the assessed value has dropped to 74k. Should I notify my mortgage company? Would it help me, or hurt me? This assessment is from the county property tax assessor. Answer: Unless you live in a depressed area, and with todays good …
what happens in a home equity default when the 1st mortgage is current?
If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the HELOC much longer. I do not live in …
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