Mortgages Articles
Chapter 13 vs. Deed in Lieu of Foreclosure
Chapter 13 vs. Deed in Lieu of Foreclosure | If you cannot afford your mortgage payments look into options including a modification, bankruptcy or deed-in-lieu.
Read moreA mortgage is a contract. A divorce is a contract. One does not trump the other. Just because a judge signs a divorce decree does not make the divorce any more
Read moreAmong other factors, lenders calculate and analyze your debt-to-income ratio to determine the size of the mortgage or mortgage refinance you can afford.
Read moreStrategic mortgage default is where a homeowner voluntarily walks away a mortgage because the balance of the mortgage(s) is greater than the fair market value o
Read moreShort Sale Selling | If you sell your home for less than you owe on it, you may be liable for a deficiency balance, depending on your state laws. Check...
Read moreConfirm with your lender/ servicer that there is a penalty, and if so calculate what the exact penalty will be. It should be 1% of your outstanding balance or l
Read moreCalifornia divorce mortgage | In a California divorce, mortgage lenders are not bound by a divorce decree. If your spouse does not comply with the decree...
Read moreMortgage Foreclosure Nevada | You may be liable for a deficiency balance in Nevada after a foreclosure. Look into the MHA programs including HAFA and...
Read moreHome Affordable Refinance Program (HARP) allows home owners to refinance their existing mortgages to current low interest rates even if their LTV is greater tha
Read moreMichigan is a recourse state, and a mortgagee can foreclose judicially or non-judicially. Learn more about your rights and liabilities at Bills.com
Read moreVirginia is a recourse state. Learn what this means, and other foreclosure rules for Virginia at Bills.com
Read moreMortgage Foreclosure Georgia | Look into foreclosure avoidance options including the HAFA program. HAFA sets guidelines for short sales and deeds in lieu...
Read moreMortgage Foreclosure California
Second Mortgage California | California's non-recourse and anti-deficiency laws may protect you against a second mortgage foreclosure. Also, your taxes...
Read moreHAFA | Servicers are required to respond to offers within 10 business days of receiving all of the buyer's documents and provide specific reasons for denying...
Read moreRight of Redemption Foreclosure
The right of redemption comes into play when a homeowner loses a home to foreclosure, then immediately after receives a windfall and wants to reenter the home.
Read moreMortgage Loan Modification | If you are unable to pay for the mortgage, then look into a modification or other foreclosure avoidance options such as...
Read moreYou have several options if you either cannot afford your mortgage payments or wish to sell a house that has a market value less than the balance of the mortgag
Read moreCan I Default On My Mortgage Without Any Consequences?
Can I default on my mortgage without any consequences? | Free tips from bills.com about the consequences of defaulting on a mortgage.
Read moreHomeowners who have suffered a temporary loss of income resulting in a late mortgage but can demonstrate income has returned to its previous level may be able t
Read moreThe Mortgage Forgiveness Debt Relief Act of 2007 allows taxpayers to exclude income from the discharge of debt on their principal residence.
Read moreUS Bank No-Closing-Cost Refinance
US Bank | Learn about US Bank and no-closing-cost refinance mortgage loans. US Bank offers no closing cost mortgage loans, but be careful that about...
Read moreShould I Do A Deed In Lieu of Foreclosure?
Deed in Lieu of Foreclosure | If you are having trouble paying your mortgage, then speak to your lender about doing a deed in lieu of foreclosure. Compare...
Read moreShould I refinance my home with Bank of America? I am considering a Bank of America Refinance loan, but want to get the best loan from the best lender with a l
Read moreFirst Time Homebuyer Tax Credit & Short Sale
The fact that the property was sold as a short sale, deed in lieu of foreclosure, or REO is irrelevant to the first time homebuyer tax credit.
Read moreRefinance Mortgage Loan | A mortgage lender wants four things from a borrower: Steady income, a clean recent credit history, a strong debt-to-income ratio...
Read moreA homestead exemption in protects the debtor/homeowner's equity up to the amount of the exemption.
Read moreCan I Purchase Another Home If I Have Done a Deed In Lieu?
If I do a deed in lieu of foreclosure can I get approved to purchase another home in a couple of months?
Read moreRefinance First & Second Mortgage
If your first and second both have low fixed interest rates and there is not a large gap between those rates, refinancing may cost you more than you would save.
Read moreLenders foreclose on second mortgages only as a way of limiting losses on a defaulted loan. Learn how to avoid...
Read moreMortgage charge-off |A mortgage is a written pledge of property used as security for the repayment of a loan. The property you purchase is the collateral for...
Read moreAccording to the IRS, points are prepaid interest and may be deductible as home mortgage interest if you itemize deductions on Form 1040, Schedule A.
Read moreThe creditor has legal rights to the property as the debtor pay off the mortgage. However, debtor has rights, too.
Read moreFirst Time Home Buyer Qualifications
In general, you can claim the credit if you are a first-time homebuyer or a long-time resident of the same main home.
Read moreOne Reverse Mortgage, based in San Diego, CA, offers private and government-insured reverse mortgages.
Read moreShould the bank foreclose and the property is sold for a price less than the balance of the loan, it is likely that you will be liable for the deficiency balanc
Read moreHAMP loan modification program is available to residents of their homes whose first mortgage is no more than 125 percent of the property's current market value.
Read moreMortgage Collections | If your are in default on your second mortgage, it is possible that the lender will sell the loan to a collection agency. Make sure...
Read moreMy husband is always late with the mortgage payments, will this affect my credit?
Read moreEquitable Reverse Mortgage Review
A free online review of Equitable Reverse Mortgage.
Read moreForeclosure on HELOC | If you are current on your first mortgage and become delinquent on your HELOC, the second mortgage lender has the legal right to...
Read moreBecause your husband died and the title of the property was transferred to you in the trust, you took the title subject to the reverse mortgage. The mortgage mu
Read moreLook at the relative rate of return on investment vs. the interest rate on the mortgage, keeping mind that Uncle Sam is underwriting part of your mortgage inter
Read moreHow do I remove my spouse from my mortgage without refinancing? You cannot remove your ex-spouse from your mortgage without refinancing.
Read moreLoan Modification & Forbearance
If you are employed and remain current in your payment program, there is a good chance the modification plan will become permanent.
Read moreBuying a Home While in Chapter 13
Convince the mortgage broker or loan officer to give you a conditional or contingent letter of credit for a mortgage/deed of trust in the amount of the loan you
Read moreUSDA Rural Housing Service Mortgage Insurance
Are USDA Rural Housing Service mortgages required to have mortgage insurance? No, because the insurance is already built-into the loan.
Read moreHow Do I Remove My Self as a Co-signer on a Mortgage?
I'm a co-signer with my ex-girlfriend on a mortgage. How do I remove myself from the mortgage?
Read moreWhat Are My Options If I Can't Afford My Home?
Options if You Can't Afford Home |If you cannot afford your mortgage payments look for foreclosure avoidance options. You can do a short sale...
Read moreWest Virginia Mobile Home Foreclosure | Under West Virginia law, a deficiency judgment may not be obtained when a property in foreclosure is sold...
Read moreI had pre-approval to buy a home in a short-sale, and the lender backed out at the last minute. What can I do?
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