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 …
Tag Archive: payments
Is it possible to get someone to take over the mortgage on you home?
Kind of like deeding it over to the person, like when you have someone take over payments on a car? Or is the only way to do it is to have them qualify for a loan and you sell the home to them? Answer: If you have a VA loan and you are selling to …
How or where can I go to sell my flood damaged home to get out of a mortgage?
We lived in upstate Ny in June 06′ our town had a major flood, My house had 14 ft of water inside… We didnt get any help from FEMA to rebuild. In Aug we had to move to Pa due job change. We still owe the banks alot of money We bought the home in …
Will our current mortgage lender automatically finance us for another home purchase?
We are moving and selling the first home. We are in good standing with the current mortgage company. We have lived here for almost 3 years- we have had two payments that have been a few days late. Also, will they keep us at our current interest rate? Answer: No, the rate will be based …
Can you still qualify for a home equity loan if you behind on mortgage payments?
I’m behind on mortgage payments because, i’m going through a loan modification, but i need money to pay for school, will i be able to still get a home equity loan. Because my credit is not amazing. Answer: No. That’s the FIRST thing a lender will check before granting a home equity loan. If the …
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 …
where do I find a 1st mortgage on my home with fair credit score?
local bank turned us down, only need ,000 on home that has no mortgage and will appraise for at least ,000. late payments were over a year old bankruptcy is 5 years old Answer: I got My Loan from Five stars Loan Company they help I have bad Credit a guy name Chris Burns Good …
How do we hold a mortgage on the sale of our home?
We ar selling our summer home and the buyer wants us to hold the mortgage. Answer: Risky. Why do you think they’re asking you to hold the note instead of getting a normal loan through a bank? Ask yourself this: what do you hope to gain from receiving installment payments vs. the lump sum? The …
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