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

Hi. My fiance and I are in the process of buying our first home. It is a foreclosure and is bank owned. We accepted their offer in November sometime and have been ready to close. The lender told us we should close early. I think he said Nov. 30th. Our date on the contract was Dec. 3rd. Weve gotten everything ready on our end to close with the loan officer and everyone. But, weve been waiting on a quitclaim deed FOREVER. We were supposed to have closed weeks ago and the loan officer... - [Read more]

If 5 siblings have their name on deeds for 4 properties(no mortgage-paid full), is it possible for one party to get a line of credit or refinance for cash, their fifth of the property if the others are OK with it or do all parties have to apply for the loan? - [Read more]

my mother in law just signed over a quitclaim deed to my husband, her son, on 11/20/08. Thru internet search on local tax collector website I found that she took out a MORTGAGE FOR USE WITH SECURED REVOLVING CREDIT AGREEMENT. What does that mean to him as being the owner now if she defaults on this line of credit? and will we get a deed in his name? - [Read more]

I am a first time buyer looking to purchase next month. Situation: wife has a fico 0f 740+, I have a 689. I have a student loan account in andquot;special billing arrangementandquot; which lists 120 days behind according to the trade line. In march it will revert to an account in good standing as a result of making 12 consecutive on time payments as per the andquot;special billingandquot; arrangement. Our debt to income is at 38%including the prospective home. We have very stable employment... - [Read more]

I have a contract to buy a house, the seller and primary mortgage holder agreed to the terms of a short sale. Nearing closing the title company found an undisclosed second mortgage and that company is dragging its feet in releasing its lien on the property to allow the sale. Do I have any option to force the sale, specific performance suit, or just have to wait things out for the second bank to give in to the sale? Thank You - [Read more]

IF TWO PEOPLE ARE LISTED ON THE HOME TITLE AND THEY ARE NOT MARRIED, CAN ONE PERSON BE GRANTED A HOME EQUITY LOAN - [Read more]

theres a house going for auction today need money is it to late to buy need to borrow 85.000 Ihave 40.000 - [Read more]

Hi, I had some credit issues before and honestly i was not being too responsible for my actions, however in this past year i printed out a copy of my credit score, and all 3 credit agencies scored it differently but the highest was a 520. Ever since then, i have cleared off 4 accounts that were delinquent and I am in the process of clearing off the last one. Once the last one is remove, how long should i wait before applying for a home loan, and how much do you think it will increase my... - [Read more]

i think that this deed is not legal or is it filed for the record how can the grantor get out of it?...i have a old friend who is a retired vet with a disabillity (cant hear) he has been buying this property for the last ten years. i have resided there since 2002. i feel that this woman has a fraudulant deed contract that she and her have signed but i dont think it was filed for the record. futher more she has not paid him any money, she has moved onto the property and has kicdked him out of... - [Read more]

I want to move now to Davis for my children education....I cant sell my house beause of the economy....cant put it for short sale as bank wont let me do that....cant rent as my mortgage payment is too high....what do I do? - [Read more]

I am Edward from Jakarta, Indonesia. Looking for Bank or International Funder who can help me to loan Usd. 100,000,- and willing to give my house as collaterall which is value Usd. 150,000,-. Loan for working capital since I have patner whose want me to join with their company. Please advise me or send email for guide me at andquot;edward_gj@yahoo.comandquot;. Thanks [Link deleted as per forum rules. Thanks.] - [Read more]

Okay, Ive already had one question answered. Were going to do a warranty deed to have my husbands grandmothers house placed in our name. We know that it has to be done by an attorney. Were going to do that, but do we also need a title deed or something, or will the title be in our name with the warranty deed? Im confused now. - [Read more]

Im reporting your company to the Attorney General office. That your company is robbing people. - [Read more]

Hello, We currently have 2 homes, a mortgage on each from the SAME Lender. We have had home 1 up for sale for over a year and cannot afford the monthly payments anymore, we have run our savings accounts dry. I have been reading about Deed in Lieu, will it affect my 2nd mortgage on my 2nd house by the same lender? Also, home 1 is worth way less now than what we owe on it, approx $35k less, will there by any obligation left for us on this? What is the best route to take? Foreclosure on... - [Read more]

I have just graduated and been accepted a job position that will begin Jan 5th, 2009. I am getting married in May so we want to start the house hunting process soon. I thought about getting on LendingTree.com to see what kind of loans we could qualify for. Like I said, I have a start date and I know what my starting pay will be, is it too early to search for a loan on lending tree? Thanks! - [Read more]

My x husband filled bank ruptcy chapter 7. My concern is I have a quick claim deed but he had a loan from BOA and it was a loan for (personal,family, household purposes andamp; personel investment) they used our home for a lein. I wanted to know will the bank come after me. My husbands name is the borrower and the account is on his name. They have my name as the grantor. But since we are divorced and I filed a quick claim during the divorce what will happen to my house. I have been making... - [Read more]

I am on the deed to a house my boyfriend owns and if something should happen to him. I pay him monthly rent. I am looking to file chapter 7. Is this a problemandgt; If so, what do I need to do? He has a 1st and a home equity line on it already. So like 80% with both loans. - [Read more]

I live in NY.I called chase not long ago to try and get caught up on my HELOC payments and was informed that my loan was charged off. The person that I spoke to said they are a division off CHASE so I guess it wasnt sold to a collection agency yet. The HELOC amount due is 72,000 and he offered to settle for 40,000. I cant come up with that kind of money right now. I am working on getting caught up with my 1st loan with Indymac that one is 249,000. At what point can chase forclose on my house?... - [Read more]

We owe $97,000 on our 15 year mortgage. Our house was just appraised and listed for $295,000 however we need $60,000 for land purchase now. Is a second mortgage the best option now. - [Read more]

Hi Everybody I am going to apply for a mortgage preapproval. When is the time to shop around for a mortgage? Now while getting preapproved or at some point later? Also how much time window will i have? Happy Holidays Alex - [Read more]