Easy Home Equity Loan » real estate market http://www.easyhomeequityloan.net Home Equity Loan Information Thu, 29 Dec 2011 01:14:47 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Loan – Lien on Car Title? http://www.easyhomeequityloan.net/loan-lien-on-car-title.php http://www.easyhomeequityloan.net/loan-lien-on-car-title.php#comments Thu, 26 Aug 2010 03:08:41 +0000 admin Hello,
I have a vacation home overseas and wanted to buy a car from here and ship it there (buying it locally is not an option). The problem is if I get an auto loan, the title will be in my hand but the bank will hold a lien. The problem is shipping companies won’t ship the car unless u have a clean title. Does anyone know of any banks/credit unions..etc who wouldn’t necessary require a lien or at least make an exception by giving me a letter that says I can ship it.

Personal loans, which do not require a collateral have high interest rates and using an equity line of credit is not going to work for me b/c of the current real estate market. So these two options are not possible either.

Any thought?

Thanks in advance,


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]]> http://www.easyhomeequityloan.net/loan-lien-on-car-title.php/feed 4 Can I get a HELOC if I am self employed less than 2 years? http://www.easyhomeequityloan.net/can-i-get-a-heloc-if-i-am-self-employed-less-than-2-years.php http://www.easyhomeequityloan.net/can-i-get-a-heloc-if-i-am-self-employed-less-than-2-years.php#comments Wed, 25 Aug 2010 00:40:24 +0000 admin My wife and I are both self employed less than two years, and we were told that makes it impossible for us to get a Home Equity line or loan given what we want and where are scores are (we want about 85% LTV and our middle scores are between 620-650). I was told by a loan guy at a major bank that this would have been possible several months ago, but since the real estate market went downhill restrictions are much tighter. It is important to note that we are both 1099 workers with large companies, not people who started up a new buisness (although we are technically self employed). The man I spoke to said that he understood the distinction but the underwriters are very rigid about the rule. He said that if I really wanted the loan I could go out and get a W-2 job and he could get me approved as soon as I got my first check. Any advice?


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]]> http://www.easyhomeequityloan.net/can-i-get-a-heloc-if-i-am-self-employed-less-than-2-years.php/feed 1 Can appraisal values be disputed in regard to second mortgages? http://www.easyhomeequityloan.net/can-appraisal-values-be-disputed-in-regard-to-second-mortgages.php http://www.easyhomeequityloan.net/can-appraisal-values-be-disputed-in-regard-to-second-mortgages.php#comments Fri, 23 Jul 2010 10:17:35 +0000 admin I bought an older house in a poor neighborhood for about 75 K. Since then, the real estate market has ballooned (New Orleans area), and the neighborhood has improved a great deal.
I recently asked a lender to see how much I could get a home equity loan, and they said not much, as they appraised the house at about 80K.
Funny thing is, the house behind mine, which is a carbon copy of the house I live in, sold a year after mine for 150K!
Can I argue this point to the lender, or do I need to do another kind of appraisal?


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]]> http://www.easyhomeequityloan.net/can-appraisal-values-be-disputed-in-regard-to-second-mortgages.php/feed 2 What will happen to other property if someone has a foreclosure ? ( please read details )? http://www.easyhomeequityloan.net/what-will-happen-to-other-property-if-someone-has-a-foreclosure-please-read-details.php http://www.easyhomeequityloan.net/what-will-happen-to-other-property-if-someone-has-a-foreclosure-please-read-details.php#comments Thu, 15 Jul 2010 14:44:37 +0000 admin I am trying to help a family memebr avoid bankruptcy and her situation is dire . She lives in an area where the real estate market has stalled out . Her primary residence has a huge payment plus two home equity loans . She has a smaller house that she had been renting out just to make payments . The tenants moved out with no notice . Each month she gets deeper into debt . If she were to sell either house she would still be upside down on the loans . She is at a point where she is not able to pay the larger loan . What will happen to the two equity loans if she goes into foreclosure ? Her credit is already pretty well destroyed .


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]]> http://www.easyhomeequityloan.net/what-will-happen-to-other-property-if-someone-has-a-foreclosure-please-read-details.php/feed 4 Is it even possible for her to get out of debt? http://www.easyhomeequityloan.net/is-it-even-possible-for-her-to-get-out-of-debt.php http://www.easyhomeequityloan.net/is-it-even-possible-for-her-to-get-out-of-debt.php#comments Sun, 11 Jul 2010 17:12:51 +0000 admin My grandma is 79, can’t work due to congestive heart failure, has roughly 0/month in retirement income. She owns her house with no mortgage or refinancing. She managed to get herself into over k in cc debt, most of it due to higher interest fees than minimum payments. Each month adds around 0 in interest on each card, which she can’t afford to pay. She has tried to get a home equity loan to pay things off a few times, but: Her credit score is too low, and/or she doesn’t have enough income. What is she to do being pushed further into debt. We live in Michigan, if bankruptcy is an option that would help, I’m pretty sure laws are different for each state. Is there anything she can do? Even if she wanted to sell her house, the real estate market here is so bad, I heard a few months ago over 80% of the city is for sale.
Her house is worth approximately k SEV or 400 Market Value, if this would help in determining bankruptcy status.


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]]> http://www.easyhomeequityloan.net/is-it-even-possible-for-her-to-get-out-of-debt.php/feed 8 NEED A 75,000 LOAN!! Please help!!? http://www.easyhomeequityloan.net/need-a-75000-loan-please-help.php http://www.easyhomeequityloan.net/need-a-75000-loan-please-help.php#comments Sun, 27 Jun 2010 09:00:28 +0000 admin I have had a dream know for about three years to start a boat repair business. I have been in the industry for about ten years now and know lots of people that could use my services. I have a huge mortage payment and feel like I can not leave my present employer and be able to make my mortage payment right away. I feel like if I could get a loan I could make it in the long run without a problem. I have good credit but no money. With the real estate market crashing, I dont think I have any equity on my house to get a home equity loan. Does anyone have any suggestions? I can not start business now because it would be conflict of interest with my current employer. Please help!!


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]]> http://www.easyhomeequityloan.net/need-a-75000-loan-please-help.php/feed 3 Need a Loan for 75,000!!? http://www.easyhomeequityloan.net/need-a-loan-for-75000.php http://www.easyhomeequityloan.net/need-a-loan-for-75000.php#comments Sat, 26 Jun 2010 10:01:57 +0000 admin I have had a dream know for about three years to start a boat repair business. I have been in the industry for about ten years now and know lots of people that could use my services. I have a huge mortage payment and feel like I can not leave my present employer and be able to make my mortage payment right away. I feel like if I could get a loan I could make it in the long run without a problem. I have good credit but no money. With the real estate market crashing, I dont think I have any equity on my house to get a home equity loan. Does anyone have any suggestions? I can not start business now because it would be conflict of interest with my current employer. Please help!!


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]]> http://www.easyhomeequityloan.net/need-a-loan-for-75000.php/feed 3 what happens in a home equity default when the 1st mortgage is current? http://www.easyhomeequityloan.net/what-happens-in-a-home-equity-default-when-the-1st-mortgage-is-current.php http://www.easyhomeequityloan.net/what-happens-in-a-home-equity-default-when-the-1st-mortgage-is-current.php#comments Fri, 25 Jun 2010 07:34:05 +0000 admin If I can not pay a home equity line of credit with one bank but I continue to pay the 1st mortgage what action does the home equity line of credit holder take? Both loans are up to date, but I will be unable to pay the HELOC much longer. I do not live in the property in question. It is vacant and with a realtor but it is in Florida and the value is dropping almost daily due to the crisis in the real estate market in florida. Should I let the banks forclose?


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]]> http://www.easyhomeequityloan.net/what-happens-in-a-home-equity-default-when-the-1st-mortgage-is-current.php/feed 1 short sale and 2 loans (1st and the home equity)? http://www.easyhomeequityloan.net/short-sale-and-2-loans-1st-and-the-home-equity.php http://www.easyhomeequityloan.net/short-sale-and-2-loans-1st-and-the-home-equity.php#comments Wed, 16 Jun 2010 07:45:24 +0000 admin i got 2 homes and each got 2 loans (1st and the home line of equity).

the townhome needs repair yet i can’t really afford replacing the carpet. the other home is 1bed condo (luxury style with a gate) yet who wants a place like that nowadays…

i’m to pass my grace period to ask 4 banks about ‘short sale’. will home line of equity loan let me go with short sale?

will they put my mortg. on ‘hold’ so i don’t have to pay for how long?

what if i can’t have the property sold after how many months allowed?

will i still owe the months i was on ‘hold’ to not pay awhile? any risk i should be aware…?

real estate market is putting me in agony…..


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]]> http://www.easyhomeequityloan.net/short-sale-and-2-loans-1st-and-the-home-equity.php/feed 1 How do I get a 75,000 business loan? http://www.easyhomeequityloan.net/how-do-i-get-a-75000-business-loan.php http://www.easyhomeequityloan.net/how-do-i-get-a-75000-business-loan.php#comments Tue, 18 May 2010 00:35:29 +0000 admin I have had a dream know for about three years to start a boat repair business. I have been in the industry for about ten years now and know lots of people that could use my services. I have a huge mortage payment and feel like I can not leave my present employer and be able to make my mortage payment right away. I feel like if I could get a loan I could make it in the long run without a problem. I have good credit but no money. With the real estate market crashing, I dont think I have any equity on my house to get a home equity loan. Does anyone have any suggestions? I can not start business now because it would be conflict of interest with my current employer. Please help!!


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]]> http://www.easyhomeequityloan.net/how-do-i-get-a-75000-business-loan.php/feed 3