-
Ally Read your listing agreement. If it is unclear or you are not certain of what a clause means ask a qualified attorney to review with you. Generally speaking you have agreed to offer your property for sale. You have not committed to sell. There are numerous terms in a contract that must be agreed to by both parties. Price is not the only component
-
in what context... BAC generally means Bank of America / Countrywide... So does it say lender owned or bank foreclosure?
-
Anon Do be careful. You should seek a reputable attorney's advice. Yes there will be a fee. Your ex should pay the fee to the attorney you choose. Deals i have worked with proceed as follows... Application, conditional approval, quit claim signed but the original is retained by the person giving up title on the quit claim, underwriting clears file
-
Mick You have few options...as the easy, cheap money days are over for now. Amend tax returns and pay the piper to go forward... Develope a relationship with a local bank/credit union/lender.. not a branch of a big bank ... demonstrate over the next year to two years the cash flow and responsibility you have in paying your debts... with this lender
-
Your question seems simple but is very complicated. Yes there are lenders who will not count a specific debt in a borrowers ratios if significant proof is shown that someone else makes the payment on that debt. Contact a local lender who will take the time to review your situation... you will most likely get lost in a "call center" and get
-
Mark Fannie offers lots of great programs. Lenders who service mortgages many times have more restrictive guidelines than Fannie (or Freddie) Since The programs available do indeed vary from lender to lender, you must contact more than one lender... The biggest problem a consumer has is in knowing what questions to ask. So instead of asking can the
-
what is the question? seems like slam dunk take advantage of todays rates if the rate on the current note is north of 5.75%
-
lots of tangled questions that cannot be answered in a simple post. Really need to contact a good attorney. the second mortgage company can foreclose but they really only succeed in getting a judgement against you and potentially a different lien on the property. Their rights and claims are still junior to the first mortgage lien. If the property were
-
yes... but depending on the community you may still have to repair/replace the structure.
-
If the lender is concerned about title... can you just quit claim your husband onto title of the lot... perhaps you may have to quit claim yourself off of title at the same time...