Friday, 2. September 2011
Due to family health issues my husband and I have missed a bit of work over the past 9 months. Because of this a few of our credit card payments were missed and we have fallen quite behind. We are now both back to work full time and are making arrangements with our creditors to try to lower our monthly payments. I have not contacted our mortgage company yet to see what they offer because I am not savvy enought to know the difference. In this situation, which would be better?
Interesting Blogs
Friday, 26. August 2011
My home foreclosed and there is a judgment against me. How long can they attempt to come after me for that money? Do I have to declare bankruptcy? What does the mortgage company gain by forcing me into bankruptcy? Is there any advantage to going into bankruptcy? I never took out a second mortgage, how often do mortgage companies come after foreclosures for the remaining balance judgment against them?
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Tuesday, 23. August 2011
i asked a similar question earlier but looking to find out what happens with my second equity mortgage with a forclosure? we plan on telling our primary mortgage company that we cant afford it anymore and we are either gonna sell our home or do a short sale. but what happens with the second mortgage that we got with the equity on the house? should we do the same thing and just tell them we cant pay it anymore?
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Monday, 22. August 2011
When me and my husband purchased our home we were green to the whole buying process. We found a mortgage company that would qualify us for a home loan, we were just happy to finally have our home, needless to say two years later we wanted to refinance our home and we find out we have a second mortgage (an 80/20) no one explained this to us at the time, nothing was said. Is their anything I can do legally?
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Friday, 19. August 2011
We filed bankruptcy a year ago. We left out the first mortgage but included the second mortgage (home equity line of credit). It has been discharged, no one contested it and we haven’t received a statement or any other communication from them since. We want to sell the house now to our daughter. Does that 2nd mortgage company still have a claim to the property?
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Tuesday, 2. August 2011
We are thinking about either a cash-out-refinancing of our home loan or applying for a second mortgage but don’t really know the difference between the two options. We are going to use the money for bills we are upside down on. We aren’t so far under that we need to file bankruptcy but we are pretty far behind on all of our bills and want to catch up before its to late. We need info about how the two are different and the pros and cons of the options. Please no spam about your mortgage company. We just need the facts. Thank you
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Monday, 18. July 2011
I was supposed to meet with the title company today to sign docs for my new home (short sale) and escrow found out that there is a second mortgage with a different company than the first. All docs we had seen til now listed the first and second with the same company. Now that we know there is another company we are waiting for their approval of the sale. They are not going to get anything because our offer just covers what the first mortgage company is after. While I am waiting and praying does anyone have anything to tell me as far as what I can expect or maybe what my options are at this point if they do not sign off on this sale. We have 9 days to close. I’d appreciate your thoughts. Thanks.
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Thursday, 14. July 2011
I was a co-signer on a second mortgage about three years ago with my soon to be ex-husband, and I ended up getting really tired of this man and I moved out and got my own place and after I moved out of the house he just let the house go and it was forclosed on just recently, will the mortgage company come after me for payment, I am really worried because I really can’t afford to be getting my check garnished because I have children to take care of.
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