Wednesday, 7. September 2011
I work with a person that is intentionally defaulting on her mortgage. A second mortgage was taken out to purchase another home, before the credit takes a nose dive. Is this illegal? What are the laws around this situation in PA?
To clarify… this became a domestic situation where she did not want to remain neighbors with those living near house number 1.
Monday, 5. September 2011
What is permitted and what is not permitted for advertising first and second mortgages? Is there a diffreence?
According to RESPA, what type of advertising is permitted for first and second mortgages? Is there a difference?
Sunday, 4. September 2011
I have a first and second mortgage (to avoid PMI) and I am wondering if, after foreclosure, if we are going to be liable finacially for the banks loss, or the difference between our loan balance and what they get in the foreclosure sale? I know that our credit score will be affected, but I am wondering if that is the only repercussion? I also know the laws are different in states I am in Nevada anyone that knows the nevada foreclosure law specifically would be great. I am also wondering once we move out, assuming we do so before notice to evict what role will we, as the homeowners, need to play in the foreclosure process? I have heard that you must fill out a 1099 form for taxes? saying the difference between the amount owed and what the bank gets is roughly 30,000 what would that mean we pay at tax time?
Saturday, 3. September 2011
Friday, 2. September 2011
Can I write only one check for both? They’re both from Countrywide.
Thursday, 1. September 2011
Tuesday, 30. August 2011