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How will a short sale of my home affect my credit?

How will a short sale of my home affect my credit?

Will a surrender or deed in lieu show up on the co-debtor's credit report as well?

I am about to file for bankruptcy (chapter 7) I own a home with another person and right now our house is worth less than we owe. Because there is no equity the Bankruptcy Trustee will not take the house and liquidate it. I have an imminent foreclosure date pending. I don't want to keep the house and neither does the co-owner, we want out. Do I need to contact the lender and surrender th...
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I have a 7/1 ARM 30 year loan, my current rate is 5.75% and I have excellent credit. Should I refinance to get a better rate?

I have a 7/1 ARM 30 year loan. I bought my home 1 year ago in December. I'm wondering if I should refinance so I could get a better interest rate. My current rate is 5.75. I have excellent credit. Thanks for your help!

What are the consequences if I do not pay the second mortgage but stay timely on the first?

I have a first and second mortgage financed by the same company. The second is a 125% loan to value. Needless to say, the housing market has tanked and I would be lucky, if I sold the house, to get $342k back, which is what I owe on the first. What are the consequences if I do not pay the second but stay timely on the first? Can they foreclose on the house?

My husband is divorced and his former wife's name is still on the home. How can I reduce the payments?

My husband is divorced and his former wife's name is still on the home, she was ordered to sign a quick claim deed in the divorce agreement, but refuses. Her name is also on the loan, so if my husband should default she is responsible for the loan. My husband had to file bankruptcy a few years ago and the house payment is large, he is also unemployed right now. I work, but my check is not en...
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All this talk of sub primes has me nervous. I might have one and not know about it?

My 2nd house was rented and the tenant just left unexpectantly. I am wondering what steps to take to avoid a negative credit?

What are some benefits of a Home Mortgage

In the monthly payment on my mortgage, how are the funds applied to principal and interest?

I have 2 mortgages: A conventional 4.75% 15-year fixed and $120K left for 10 years and equity of $50,000 for 10 years 7% fixed. But there is something strange going on with principal and interest. Some months there is more money going towards principal and the other months more towards interest. Should I refinance and combine both? Will I lose or save?