I Have A 2nd Mortgage With Bank Of America 35000 For 9.74 They Will Not Refinance Me I Have Never Missed Payme?
Question by Guzeppie | Posted in Renting & Real Estate
i have a 2ndmortgage with boa they will not refinance me i have grand credit but i have no equity left in my property if i do a loan remodification it will d my credit can anybody help me
Denied For Mortgage Modification Program After Waiting For Over A Year.?
Question by boxer_lover | Posted in Renting & Real Estate
Welsh Fargo denied me for the mortgage modification. They stated that they denied because I am accepted on my mortgage loan and after reviewing the financial information I provided them, they have predetermined that I am not at risk of default. My husband
Can Our 2nd Mortgage Company Attach Our Wages Once Our Home Is Sold As A Short Sale?
Question by TAMMY O | Posted in Renting & Real Estate
Our 2nd mortgage entourage is suing us for $25,000 (the balance on our 2nd after they signed off the lien for the brief sale). They have submitted paperwork to attach 25% of our wages until it is paid off? Is their any right way out of this?
Answer: It will be up to a dempster to decide if it is legal or not. Now that they no longer have their security, they are entitled to get their capital back in other ways.
You may need to get an attorney to protect your interest, and even then,
How To Deal With A 2nd Mortgage That Has Been Sent To Collections?
Question by Chochi | Posted in Renting & Real Estate
I'm currently on a repayment chart on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collecting company called LCS. Does anyone have any experience on how to deal with LCS and what rights
Answer: Yeah, they are working on seizing assets, not arctic them (LOL).
What they can and can not do depends on your state. And yes, they will need a judgement, but that will be a draughtsman fall apart of cake, you are either repaying the debt
Do You Figure Mortgage Payments For A 2nd Mortgage The Same As For A 1st Mortgage?
Question by neffykitty | Posted in Renting & Real Estate
We're about to reticent on a house and we have a 1st mortgage, and then a 2nd to pay some of the down payment. This avoids PMI.
If I plug the numbers into a mortgage payment adding machine, the 1st mortgage payment is the same as the one
Answer: No. First mortgage loans are for a much greater amount and you superficially will get better terms than on a second - that is if your credit is good.
The payments are deliberate by the lending institution by the type of loan you choose.
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