Mortgages

lepooche asked:


I am waiting for my attorney to get back to me next week. In the meantime if anyone knows the answer to this, I would really appreciate it. I have already filed and had my court date for my Chapter 7 bankruptcy. My Chapter 7 bankruptcy will be finalized on January 30 2007, and I will be released of all unsecured debt.
On my Debtors Statement of Intention document, we put Surrender for my car, and that’s exactly what I’m doing with it.
For my house we put Exempt which made the equity exempt and allowed me to keep the home without a forced sale. The problem and question is with my home. The mortgage company’s lawyer is pressuring me to Reaffirm by January 30. She says of I don’t sign the reaffirm agreement then it will default to Redeem Redeem seems to mean pay a lump sum or surrender the property? The question is; Is a Chapter 7 debtor’s home mortgage limited to reaffirmation, redemption or surrender, after Exempt? My attorney says there is a 5th choice, do nothing.

EMMANUEL

dbpmprl asked:


My husband died recently. I know for sure that I’m on the home mortgage and the home equity loan. I can’t find the deed to the house though. Is it possible to be a grantor on a home’s mortgage is you’re not also on the deed?

ELMO

Stephen T asked:


I’m not low income, just looking to buy my first home. Are there any options from HUD or whatnot for low-interest loans for first-time buyers?

I’m pre-approved for 150,000 and have 30,000 for a down payment saved - but is there anything better since this is my first time?

Thanks.

ISMAEL

Richard C asked:


i have poor credit, but am slowly regaining control of it, anyhow, i am trying to get my family into a home, and want to know if anyone knows any home loan companies that are willing to work with people with poor credit. thx

NORRIS

boots asked:


I want to know if the law provides for a way to erase credit card debt legally, and if there is a legal way to erase a home mortgage.

MARION

KJ asked:


Lets say you have $5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? My dad said a 1/4 of your net income is a good idea per month to spend on your home payments…agree? disagree?

JEAN

costumes.us.com asked:


I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators. I used the ones at http://www.1mortgagecalculator.net/index2.php and they seem pretty good. Just looking for comparisons.

JAKE

chris h asked:


Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of bad loans out there, I suspect that means we as taxpayers will then be on the hook for that much in bad loans. Why do I think we are seeing another Savings and Loan Scandal? I sure hope I am wrong.

DONNIE

rhonda_good2006 asked:


they live on 1250 a month… and that is ssd for the both of them? what mortgage company would give it to them? they just got their bankruptcy papers about 6 months ago.. they live in 1,250 a month? and they get a 45,000 home loan? HOW?

LES

operaphantom2003 asked:


Seven years ago, a family member bought a condo with a VA home loan. The mortgage company sold the account to Fleet who stopped sending bills or coupons for payments. Essentially, they screwed my family member and after two late payments (it took 18 days to process because there was no payment coupon included) they started foreclosure procedures. Really bad company to do business with. She had no choice but to file bankruptcy. They forclosed on her in less then two months and the condo sat vacant for over a year and a half. No one helped her and the mortgage company even hung up on me when I called them. Can she qualify for a VA home loan again?

JASON