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Explain To Me The Whole Concept Of Mortgage, Foreclosure, Refinance, Etc.?

Question by *~Desert Princess~* | Posted in Renting & Real Estate

all these terms familiar for housing.

i'm just not getting it.


thnnxxx

Answer: A mortgage is a describe whereby you agree to provide a house as collateral in return for coins. The money is used to buy the home, and is accomplished through a separate judiciary contract called a "note." The mortgage secures the note.

 
 

Can I Get A Hard Money Loan & Then Refinance Mortgage On A Foreclosure Property?

Question by J Storm the Phenomenon | Posted in Renting & Real Estate

And How do i go about it? I took a summary real estate class and i remember the general review of hard money lenders and how they give you a large sum for a short continually for things of this nature. I'm thinking about getting my first home but have

Answer: Yes you can get a alcoholic money loan and refinance later but know this, hard lolly loans are expensive and if you do not structure the deal right you will run into loan sauce issues with the bank at time of refinancing. So you will have to know who

 
 

Is The Cash Out Of A Mortgage Refinance Taxable?

Question by Cody Loughlin | Posted in United States

I am buying a foreclosure and refinancing to bust a detach cash out to update the house. I will be under the current appraised value but I am fretful about tax ramifications when pulling out the refinance money because I have not owned the house 2 years.

Answer: Baby CL: No tax reporting for the money pulled out and the mortgage interest is tax deductible with certain limits. There is a limit of $1,000,000 procurement debt and $100,000 limit for home equity. There is no 2 year particular that I am aware of with

 
 

Who Will Refinance Our Mortgage That Is In Foreclosure?

Question by darwinsti | Posted in Renting & Real Estate

We are in foreclosure, it has not yet been sent to the mortgage companys acceptable department but it is just a matter of time. Is there anyone who knows who might refinance us so we don't escape our home? Our best credit score at the moment is 565. We

Answer: It is not phenomenon. You not only have bad credit but you are already refusing to repay one bank. No other bank is contemporary to step up and volunteer to be ripped off by you.

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I Am In Pre-foreclosure Process And Need Advice!!!Refinance, Buy, Sell, Mortgage, Real Estate Expert Needed!?

Question by whit | Posted in Renting & Real Estate

Me and my boyfriend recently moved in together, but this forclosure critical time has caught up. We were wondering whether we should sell, refinance or file for bankruptcy?
I AM IN PRE-FORECLOSURE Approach AND NEED ADVICE!!!-REFINANCE, BUY, SELL,

Answer: When fa foreclosure, most homeowners have multiple options. I will try to go through each one.

1.) First Option: Asks for Friends & Relations for Loan
No one likes to ask for money. Especially if we think we can “fondle

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