subprime lender
Related Questions & Answers
7 articles
Advice About Forclosure
Asked by A.S. from St. Louis
on June 8, 2009
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Has anyone been through a forclosure? This is an option I am considering due to the wonderful sub-prime loans that were offered years ago. My home is now worth far l...
Answers
- Have you considered renting the home out until the economy recovers sufficiently and you have paid down your mortgage enough to sell? It can be a hassle, but there are...
- Hi A., You may consider renting or leasing. We have two houses that we could not sell when we moved out of there (Indy and Ohio) because my husband's job. It is no...
- I am a Realtor in Topeka, Ks and there is more than one solution. Are you behind on your payments? Calling your lender directly is the first step. You may be able to g...
HELP! I Need a Loan Modification! Can Anyone Give Me a Referral?
Asked by M.L. from Los Angeles
on March 30, 2010
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All the ones we look up either want 3K upfront or seem shady altogether - I'm putting this out there to all my moms! HELP!
Answers
- Loan mods are a scary thing right now because the attorney general and bar are currently raiding (they call it "investigating") several companies right now and freezin...
- Go to www.hopenow.com for information, help, and contact numbers. It is a free service through the government. Have you tried talking to your mortgage lender directly ...
- You should be able to do this through your current bank/mortgage company. The government is offering them huge incentives for people like you (and me) to refi. It mo...
Mother Seeking down Payment Assistance for Mortgage Information
Asked by C.M. from Chicago
on October 24, 2006
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I am in the process of looking for a home and would like to know if anyone has any information for down payment assistance.
Answers
- Hi C., There are a lot of "creative financing" options available these days - you may be able to get by putting only 5% down. What you'd do is take out a mortgage fo...
- The City of Chicago has a couple of programs available for downpayment or closing cost assistance. Check their website. Also, check with your place of employment as s...
- Hi C., You have to look into the IHDA (Illinois Housing Development Authority) they have the BEST Interest Rates for first time home buyers. They are in the low ...
Foreclosures
Asked by B.B. from San Francisco
on May 11, 2008
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I'm not a real estate/mortgage expert at all but I was just wondering it seems like everywhere I turn people are either "walking away" from their house or house going ...
Answers
- Walking away means that you allow the lender to foreclose on your home and YES it does have consequences! It's not easy, it's stressful and To have your home foreclos...
- When a homeowner "walks away" from their home....it simply means that they are moving out of their home and letting the bank have it. Unfortunately, we find ourselves ...
- B. ~ "Walking away" means that you just stop paying on your mortgage and let the home go into foreclosure. Yes, it affects their credit history for anywhere from 2 to...
Need Help Deciding What to Do About Finances
Asked by L.B. from Minneapolis
on July 14, 2007
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I hope someone can help me out there. We are having serious finance problems. Me and my husband both work but he does not make much $ and we have a few credit cards....
Answers
- You and your husband need to talk about it. It is not easy. I am going through the same thing. You need to tell him how you feel and you need to make hime tell you ...
- I might be able to help, call me at 877-740-5757
- Hey L. (I am updating my response after having more time to review the other responses...) My heart goes out to you. I have two suggestions in response to the oth...
Is It Easy to Take Your Name off the Mortgage and Leave It Only in His Name???
Asked by S.S. from Dallas
on May 14, 2008
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I'm leaving my boyfriend of six years. We bought a house together in both of our names almost three years ago. Since we bought this house it seems like our relations...
Answers
- It's not difficult but can be costly and I believe HE will have to accomplish this, I mean, if he's lazy you could do the legwork but .......I just went through that w...
- If you are moving on and he can't handle the bills, why don't you just sell the house. Are your kids with him or another man? That may be a factor in your leaving as...
- Its my understanding that you'd have to have it refinanced into his name alone. Which if he is having money issues, may not happen. Otherwise, maybe you guys should ...
Short Sale
Asked by B.H. from Dallas
on August 28, 2011
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Hi has anyone done a short sale on there house, i am really thinking about doing it bc we are in a neighbor hood that is going down hill and schools that are not good ...
Answers
- I dont know much about it but a friend of mine had a horrible experience. She was way behind due to a divorce and just couldnt catch up. She knew foreclosure was close...
- We tried but the bank wouldn't accept any offers. They can put it in the contract that you don't owe the difference before accepting an offer.
- We are currently short selling our townhouse. We have outgrown it and will be able to rent something that we can afford, that will be large enough for our family. We b...
