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 aggressively. FYI – I have a good history of keeping the house rented for well above what the mortgage payment is.

Only Dave Ramsey listeners/smart financial debt free people respond please.

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?

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 Mutual. Anybody used any of these, have an opinion of any, or know of others you like?

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 love a link.

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???

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.

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?

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 new owners closed on the property January 19, 2010. How long after the foreclosure before I receive a 1099?

marceloaneira asked:


Example, my current mortgage is 229,600 and my house is worth about 265,000(per Zillow) I’m just looking to refinance the mortgage only, without any equity cash out.

aj asked:


Is it possible for me to refinance my mortgage to purchase land for my son who would like to self-build a home for him (and his family) to live in.