After the bank left us nice little notices informing of us this, a new owner bought the place. As soon as the property was sold then our landlord deposited our rent checks for the past 2 months. Is our money going straight into her pockets now? And is this even legal??? I still owe her [...]

WHY nobody ever blames people who failed to make their mortgage payments for at least partially causing the financial meltdown??? Is it easier to blame the "big corporations" ? Those people were very happy with the bank when they got the mortgage and buying a house, they only start blaming them when they decided that [...]

I paid tax on all my income when I rented my house out about 10 years ago (in the UK). Someone has now told me that I could have deducted my mortgage payments off the total income figure and therefore pay less tax. a) Is this right? and, b) If yes, do I have any [...]

I am a stay at home mom with three kids. For me to get a job outside of the home it would cost more in daycare than I could possibly make. I have a financial goal to make $3000 per month to cover our mortgage payments and take the preasurre off my husband. How can [...]

My house lost $200,000 in value. I’ve been current on my mortgage payments. I want to do a short sale and buy a smaller cheaper house. How will a short sale affect my credit? and will this prevent me from buying a house in the future? You are not doing a short sale, you have [...]

I was wondering if giving a credit for mortgage payments be more effective in rescuing the economy than subsidizing the financial institutions. This would possibly prevent foreclosures for people at risk, and also put more income into the pockets of people who did not take-on the high risk mortgage, thus adding to the economic stimulation. [...]

I am just making ends meet right now and I need help with the mortgage payments. My bank won’t work with me because I am current with all payments. It seems like they are working with people who are behind. What if I get behind, will I have help then? Don’t get behind just to [...]

Does she have to claim the monthly mortgage payments I will be making on her federal tax return as income? If she declares the interest paid on the loan she must also declare the income that she receives from you. Fact is, she in technically the landlord and your are the tenant. She can also [...]

I want to get my mortgage reduced, but I know you have to default on a few payments before the lenders will talk to you. My question is, if I default on 1 or 2 payments, then renegotiate the loan with the lender and start paying again, how badly will my credit be affected? Thanks. [...]

I’m looking to buy a house in Independence, MO for $145,000. The house is in foreclosure and the bank has owned it for 10 months. I have good credit, but I know nothing about buying a house. What kind of mortgage payments would I be looking at. Ball park figure. The payment for a $145,000 [...]