As my 1st mortgage in going through a HAM modification, my 2nd mortgage, originated by the same company as the 1st, was assumed by the lender’s MI after an insurance claim was paid to the lender. What right does the MI have to seek collection for the 2nd? The MI company has EVERY RIGHT to [...]

I have received these documents in the mail from a lawyer. I honestly do know what it means! I filed bankruptcy last year but I didnt file againt my mortgage lender because I have never missed a payment or been late. They did transfer me to the bankruptcy department of my mortgage company and I [...]

My husband is being sued for a car accident that he caused a year ago,for $100,000… we dont make alot of money and we recently bought our first home 4 months ago. If the plaintiff wins and we are not able to pay and he garnishes my husbands wages we will need to file for [...]

My friend, who is single, lost his job last week. He has a mortgage offer on a new house he is buying and says he’s going to continue to buy it as he can cover the mortgage by getting lodgers. Does he need to tell the mortgage lender about his changed circumstances by law? It’s [...]

My wife and I are building our first house. The closing date on the house is April, 25, 2009. That’s a little over 2 months. Should we start shopping around for the best mortgage rate now or wait until 1 month before closing date? Any advice(s) on mortgage lender is welcome. Thank guys! Now. It [...]

I know that the normal course of action is for those notes to be sold to another lender for a large discount but is it possible to benfit as an individual for the decreased value of my mortgage lenders asset? The notes are sold in a huge bulk, they are not divided up into individual [...]

My husband and I are trying to buy our first house and are going to the mortgage lender today. What should we bring? Income tax returns for the last 3 yrs., pay check stubs for your current employment, proof of any other income such as rental contracts if you own rentals, as well your bank [...]

Is there a difference between a Consumer Credit Counseling DMP or a debt reduction program where there has been settlement of debts to pay off quicker as for as a lender is concerned? We are avoiding bankruptcy if we can. We can pay off our debt in half the time at nearly half the price [...]

A creditor is about to take a charging order on my property. I want to know if this creditor has the right to discuss this issue with my mortgage lender and will they exchange informaton about me. Absolutely: a charging order will fundamentally affect the rights the mortgage issuer has on the property. In any [...]

I am getting ready to buy my first home. I’m in a new city and I don’t know anyone to get referrals on a mortgage lender. I don’t want to get screwed with high fees because I don’t know any better. What should I do to find several lenders and select the best one? I [...]