Aaron asked: I owe about 20% of the value on an investment property. Should I refinance the house to get equity out and pay off everything I owe and be debt free other than my primary residence mortgage and this investment property mortgage? Its pretty tempting to only have two house payments and attack them…
Category Archives: Renting & Real Estate
What if i stop paying on my house and?
allen asked: If i just stop paying my mortgage, then it goes into forclosure, would it be possible to have a relative buy it back for me (presumably a lower price)? Is there any legal issues that i should be aware of if i go this route?
Are there REPUTABLE LENDERS who will refinance our mortgage via the internet?
followingmybliss asked: We want to refinance our commercial building mortgage and want to find reputable lenders who will work via the internet. We have a high credit score. Is there a list somewhere? Since I asked this, I have found internet lending companies like Quicken Loans, HFA, The Money Store, Countrywide, American Home Mortgage, Washington…
How long after bankruptcy/shortsale before you can buy a house?
perplexed_one asked: For an FHA loan you have to wait two years after a bankruptcy, three years after a foreclosure, and three years after a short sale. What if you filed for bankruptcy AND had a short sale/foreclosure? Is it three years or two years? If this is addressed on the net somewhere, I would…
Refinance: mortgage is 280K property value is only 230K. Do you know anyone who can refinance this?
i w asked: The mortgage resets in another 2 months and the payment will go up about $500. Is their any plan to refinance this mortgage???
How does shorting on a foreclosure work?
Christopher B asked: Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.
How will a foreclosure work with a second mortgage?
Missi B asked: Mortgage company put us into foreclosure on the 1st because of being behind in the escrow but there is a second on the house, with the same company. How does that work?
How long after foreclosure before you receive a 1099?
J M asked: My house was foreclosed on in October 2009 in Maryland. At the foreclosure sell at the court house there were no bids on the house. I received papers from the court ratifying foreclosure in December 2009. The lender listed the property with a real-estate agent in October and sold the house. The…