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 »
Posted November 16th, 2009
by admin
JohnPau2010 asked: 1) Is there a website where we can check as what banks are giving good mortgage interest rates ?
2) Do we have to look only local banks where I live ? If I live in ILLINOIS , do I have look for a lender or bank in IL only ?
3) Any suggestions as which bank is good ?
Tags: Local Banks, Mortgage Interest Rates, Mortgage Rates
Posted in Renting & Real Estate | 2 Comments »
Posted November 9th, 2009
by admin
Jamerican Steve asked: Neighbor A was selling their home on their and then the sign vanished from the yard. When I askeb Neighbor B (who had own it before) they said that because A is in banking, they have to have a Realtor.
Weird. Is that true and what other weird selling law are there.
The state in NJ in case you are wondering.
Tags: Neighbor, Realtor, Weird
Posted in Renting & Real Estate | 5 Comments »
