Posted October 10th, 2010
by admin
Michael asked: my fiance and i have been approved through bank of america for a rural housing loan for 137900. now it has to go through rural housing what are the chances of us being denied. her credit 681, my credit 661, income to debt ratios are all good, the only problem is that we dont have much in reserves. will that affect ups?
Tags: Fiance, Home Loan, Housing Loan
Posted in Renting & Real Estate | 1 Comment »
Posted September 16th, 2010
by admin
acullum85 asked: I am currently under contract on a house that was built on piers. Everything underneath is very well insulated and even though the house is little older and has been used as a vacation home it was very well taken care of. My realter asked if i had mentioned to the bank when i was pre approved that the house was on piers. I had not. She said she didnt think it would be a problem. But now she has made me really scared that it wont be approved. Does anyone know if this will be an issue.
Tags: Piers, Realter, Vacation Home
Posted in Renting & Real Estate | 2 Comments »
Posted April 27th, 2010
by admin
j b asked: My father took out a mortgage on home. He since passed away. My mother is on the loan as well. She is permanatley disabled, losing her home. The question is can she fight for a loan mod due to husband passing away? Is there any wrong doing on behalf of bank? They also sold our loan multiple times to other banks. Please advise.
Tags: Banks, Loan Contract, Multiple Times
Posted in Renting & Real Estate | 5 Comments »
Posted April 27th, 2010
by admin
Mark asked: Last year I attempted to purchase a house that was up for short sale. The owner accepted my offer but the bank denied the short sale. Now the owner has stopped making payments and we are trying the short sale again. I am willing to pay the appraised value for the home. What determines whether or not the bank will give the thumbs up or down on the short sale? Is there anything I can do as the buyer to help the process go through?
Tags: Short Sale
Posted in Renting & Real Estate | 3 Comments »
Posted March 11th, 2010
by admin
boilerette72 asked: I hear that if a bank goes under other banks will buy these mortgages. But with so many mortgages exceeding values of homes, many banks might not want to buy the mortgages. What would happen if a bank goes under, and no one wants to buy their crappy mortgages?
Tags: Banks, Mortgages
Posted in Renting & Real Estate | 4 Comments »
Posted January 18th, 2010
by admin
akshay r asked: The home is in La Palma, orange county,california and the bank owning is not big. The home is listed at 589 k, comparable homes listed in the neihborhood are listed at 650k to 675k and there is another which is a short sale ( not bank owned) listed at 575k. My realtor suggested that 550k will be a fantastic deal but I am thinking to offer 510 - 520. I am ready to put down 80 -90 k.
Tags: Bank Owned Home, Orange County California, Realtor
Posted in Renting & Real Estate | 6 Comments »
Posted January 11th, 2010
by admin
kelly2sxy asked: I have a mortgage with one bank and could not pay so the bank started foreclosure proceedings. The foreclosure is not completed yet so does the new bank have to start all over and file all over again?
Tags: Bank Foreclosure, Foreclosure Proceedings, Mortgage Bank
Posted in Renting & Real Estate | 3 Comments »
Posted December 14th, 2009
by admin
☆skyblue asked: I’m currently renting an apartment and want to purchase a home. I first need to get pre-approved for a home loan so I know what type of house I can afford. What should I look for in a bank when considering a home loan? Should I stay with the bank I currently have a bank account with or look at other banks also? If I contact a bank, are there specific questions I should ask to know if they’ll give me the best loan offer?
Tags: Banks, Contact, Renting An Apartment
Posted in Renting & Real Estate | 5 Comments »
Posted November 30th, 2009
by admin
maganda asked: Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.
Tags: Banks, Hello, Single Family Residence
Posted in Renting & Real Estate | 3 Comments »
Posted November 30th, 2009
by admin
alison a asked: I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I’m having trouble finding it wholesale. Thanks!
I do know what a spec home is
My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she’s unfamiliarr with? I’ll ask her again. Thanks!
Tags: Banks, Lot, Retail Side
Posted in Renting & Real Estate | 2 Comments »
