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: property
what do home field inspectors charge mortgage companies and banks to inspect the exterior of a home with photo?
Commonly referred to as a driveby inspection. You look over the property on the outside only and fill out an assessemnt report on the visual condition of the home and take a few pictures. That is all you do. Answer: I would say that the charge is something in between to 0. But this rate …
Why is home mortgage interest a tax deductible?
Answer: Because the Gummint wants people to own homes. (Actually, the Gummint wants people to own expensive homes to pay property taxes on.)
What happens if mortgage company for investment home files Proof of claim in Bankruptcy case in Maryland.?
I am considering filing a chapter 13 bankruptcy in Maryland. I will have to do a chapter 13 because I have too much equity in my primary home to file a chapter 7. I have an investment property that I will agree to surrender in the Chapter 13. What will the trustee do if the …
Has anyone ever heard of a mortgage lender declining a loan because the home has geo thermal ?
Three days before closing on our property, the lender decided that they would decline the loan as they noticed in the appraisal (that they had possession of for 5 weeks) that the home has geo-thermal. Our real estate agent and mortgage broker were both surprised by this. Has anyone else had this experience? Answer: Odd, …
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