Through MortgageFit forums, the Community holds discussions on various issues that common people come across while dealing with professionals in the mortgage industry. The forum topics also highlight the knowledge and experiences shared by our Community

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Last news: January 1, 1970 00:00:00

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Mortgage and Debt consolidation resources for people who are going through Mortgage and Debt Consolidation.

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Last news: January 1, 1970 00:00:00

I have been divorced for over four years. My exs name is still on the mortgage even though I pay it (on time) and the taxes and have for several years now. I have been trying to refinance to remove his name but they denied me and told me to try again in six months. Now my ex is threatening me and trying to force me to sell the house. I refuse. Since I am not defaulting on the mortgage and pay every month on time is there anything he can do to force me to sell? And if so, is there anything I... - [Read more]

Does the Moore Morsden Rule Apply? My ex-spouse and i purchase a townhouse 1997 and the deed showed Joint Tenancy . In 1999 March he moved out, and never contributed to any payments or even our two children. In Feb 2003 he quit claim his half interest as gift. The Quit calim was done without any undue influence and recorded in 2004 . Even before he left the home he kept insisting that he didnt want the property and the responsibility of a lona and to take his name off. The Deed is in my name... - [Read more]

Bank of America Corporations Countrywide Unit intends to bring about a mortgage modification program which will help reduce the interest rates on subprime loans and option ARMs to as low as 2.5%. Borrowers who owe more than what their home values are may even have their loan balances reduced as a part of the modification plan. - [Read more]

I have an investment home that I can no longer afford. Its value has dropped significantly and I cant sell it. I cant rent it any where near what my payment is. What would be the best way for me to get out of this home, with the least amount of damage to my credit? Also, my husband is on the title, would this hurt his credit as well? If so, how can I avoid hurting his credit score? Thanks, Connie - [Read more]

Thank You for answer to our questions about Real Estate and the law. My question is, My father filed a quit claim to me for the house where I am actually living right now, his name is in the mortgage but I am the one whom is paying it directly to him and he is the one that pay it to the bank monthly, since I dont qualify for a mortgage due to my bad credit, but he insisted in file the quit claim deed and we went ahead and did it, but what in reality we needed was to see if he can add me to... - [Read more]

My sister is walking away from everything and giving me her house and car, what do i need to do?..Joshua can u help me please, i need to know the best way to go with this? My sister is giving me her brand new house and her car, what do i need to do for it to be legal in Tennessee? - [Read more]

My first is out of foreclosure due to a loan modification. My 2nd has been charged off. I spoke with the collection company and they said that we can either make a payment plan or offer a lump some to settle the account and release the lien. My main question is, did the collection company buy this charge off for pennies on the dollar? What is an acceptable offer? I owe $80,000 on the 2nd, can I offer like $40,000 to settle the account? I just hate to offer too much and shoot myself in... - [Read more]

Hello Great site you have going here. I have searched the forum and could not find anything specific to my situation. If I overlooked it I am sorry. My ex wife and I have a mortgage on the house I was given in the divorce settlement. I have been working with the bank to get it refinanced but not done yet. If she files for bankruptcy she told me her lawyer said that it will not affect me as far as the house goes. She said they will simply come after me to pay for it which I already... - [Read more]

Hi, Im hoping someone can help answer a question. I live in the state of Washington with my wife. Our home, which I qualified for under my own name, is now in jeopardy of foreclosure. Additionally, my wife signed a quit claim when we first acquired the mortgage. Can someone tell me if the act of my wife declaring bankruptcy will temporarly prevent the sale of the property? If so, do I need to somehow nullify the quit claim that she signed? How would I go about doing that? Thanks much... - [Read more]

My wife and I have been seperated for two years, we have a 2nd mortgage together out on the house that she purchased prior to us getting married, she currently resides in the house and pays both mortgages. She wants to refinance both mortgages into one mortgage. Should we proceed with the quick claim deed first and than the refinance? - [Read more]

I have been paying my mortgage with the same concern for over 15 years without flood insurance. My land is considered zoned in flood plains although a flood has not happened in twenty years. Could I just not suffer the loss if indeed a natural disaster (flood) happens again. - [Read more]

My wife and I sold property to another couple who have decided they can no longer make payments (has nothing to do with mortgage terms, etc). They are three months behind and owe over $3000 in taxes. If they are willing, could we use a quit claim to revert the property back to me and my wife? I understand that we would be responsible for the taxes (if we cant convince the other couple to take care of them immediately) and that we should not expect the back three payments. We live in... - [Read more]

I have a friend who is bedridden and does not have full use of her mental facilities.. Her nurses aid told her to put her name on the deed of the house (house is paid for no mortgage) She told her that when she dies that it will be easier for her to have the home transfered over into her name and avoid probate. Make a long sotry short...there was a quit claim done by an atty adding her name the aide on the home..now there has been abuse to the homeowner by the aide and the aide was... - [Read more]

Did you know that there is now an absolutely free biweekly conversion available for your existing loan? Its true! I and several friends have enrolled into the Equity Express Program which (in my case) saves me over $60,000 and cuts 7 years off of my loan. All financial analysts are saying that its important for us to retire our long term debt as quickly as possible, and this does just that and its free. Equity Express is at 888-438-5536 - [Read more]

Ive been pre-approved and have a specific home in mind. The house is bank-owned . . . its considered a Health Hazard by the bank. It has holes on the floor, air conditioning unit stolen and the complete kitchen has been stolen including: sink, faucet, drainage, counter-tops, cabinets, and lighting. The walls are the only thing remaining in the kitchen. Where do I go from here? I made an offer, by signing the offer does this commit me to buying this property? - [Read more]

I am the Executor of my Fathers estate and in addition to ~$5000 of credit card debt that was forgiven, the Mortgage holder accepted a short sale on the property which resulted in ~$21000 difference. Will the estate be required to pay taxes on this ~$26000 or will the ~$21000 be covered under the Mortgage Forgiveness Debt Relief Act and not be taxable. I have been unable to find any information talking about how this affects estates. - [Read more]

I bought a home in MI with cash. I want to add my husbands name to the title too. Is a quit claim deed signed before a notary the way to go so that he owns the house should anything happen to me? - [Read more]

Is my Warranty Deed the same as Title to My Property ?????? I am trying to figure out if Im missing a document or not. Thanks for any help. Sed - [Read more]

We are trying to purchase a new manufactured home in Ohio and we own the land with all the improvements already in place, but we are having trouble getting approved for a loan because of our credit score. Our scores range from 520-580 and we have a co-signer with a score between 580-620. Is this a possiblity or should we just give up hope? We deffinitly have the means to afford the home we just need the bank to give us a chance. - [Read more]

what about deed of lieu?..what happens in this case..would you have to pay taxes on the rest of what you owe when they take over the house - [Read more]