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Nov/10Mark CappelNovember 9, 2010
My mother put the deed to her home in my name 14 years ago. Her name was not on it. She recently passed away. I discovered that a couple of years ago one of the major banks allowed her to borrow over $100K against the home without my knowledge or consent. They are now trying to get the money from me. I am in the process of selling the home but don't have a clear title because of this. I ...
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Nov/10Mark CappelNovember 8, 2010
Our current mortgage balance is around $200,000, we have about 15 years left to pay on a 20-year mortgage at 5%. We have almost $23,000 in credit card debt. We are considering refinancing, should we go for another 20-year mortgage so we are able to pay more towards our credit cards or go with a 15 year. How do I find the best lender if we do refinance?
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BSNov/10Bills StaffNovember 5, 2010
There is a difference between a note and a mortgage. Despite what most people think the note not the mortgage is what the bank looks to when collecting. You could still be on a mortgage, which would prevent a resale in the case of divorce if the parties wanted to have some connection during a resale/refi. I want to have my ex-spouse removed from the mortgage — my ex-spouse is not on th...
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Oct/10Mark CappelOctober 29, 2010
My mother died last year unexpectedly. She had a reverse mortgage through Wells Fargo. I got into a nasty battle with them because they have refused to acknowledge me as the heir to her property although she had a standing will in place, and was one of many documents given to them before & after her death. A lawsuit has surfaced over her death, and has drained me financially. I need to k...
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Oct/10Mark CappelOctober 29, 2010
I am co-owner of a condo with my fiancee. Right now we are letting her parents live there and are living in a house that she owns. The condo is not a rental property. I am a Vietnam veteran interested in the VA reverse mortgage program. My question is this; Even though my legal address for the time being is the house that my fiancee owns, is there any way I can qualify for a VA reverse mortg...
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BSOct/10Bills StaffOctober 28, 2010
My wife and I had our home financed through Countrywide mortgage. In September 2008, we decided to pay off the mortgage. That was the time when BAC was acquiring Countrywide and we were instructed to Wire transfer the funds to BAC. The payment was sent on 9-25-2008 and we have the Confirmation number. However, we never received any acknowledgent or the title deed from BAC. Now, we are planni...
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Oct/10Bills.com TeamOctober 27, 2010
Is there any type of loan program available to refinance an upside down home loan mortgage? I owe more than my house is worth and need mortgage help!
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Oct/10Betsalel CohenOctober 26, 2010
I have a line of credit with my house as calateral. How do I determine the value of my home? Is it replacement cost? Or average sales value in my neighborhood? How much of the value can be borrowed with a reverse mortgage?
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Oct/10Daniel CohenOctober 21, 2010
I am looking to refi and pull out $50,000 some for a lot of dental work needed and the rest to cover a vacant apt between renting and repairs so that will sit in the bank. Really, im looking for lower interest rates mine is 6 right now there is 4 apts and I've owned building 10 years and never did refi before, my ex use to handle all of this stuff so Im stuck for where to go how to start...
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Oct/10Mark CappelOctober 20, 2010
We need money for an $80,000 addition and are trying to figure out if it would be smarter to refinance our existing 151,000 1st mortgage and/or HELOC which is at 27,000(40,000 limit) or take out a larger HELOC? What makes this decision difficult is that the 1st mortgage (adj) is at 3.125% and the HELOC (adj) is at 3%. The value of the home is $350,000. We have lived here for 21 years and hav...
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