I am in the process of refinancing and combining my first and second mortgage. I am using a broker and I would like to know if the cost associated with the loan are unreasonable and are they negotiable? Also can I look at the Good Faith Estimate and derive how much profit the broker is making?
How will a short sale of my home affect my credit?
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. 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!
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, 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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