chrisburns's Page

Hi, I am Chrisburns.I joined this community on 13th November, 2007 and have contributed 372 posts.

30 Quick Messages

Hello, My brother wants to buy a home, his credit is average but he does have a large amount of money saved, enough for a down payment and enough money saved to make payments for at least 3 to 4 years and I have no doubts in him being able to make the mortgage payments. Now my question is What would be an easier process me Co-Signing for him or me purchasing the home and adding him to the deed, since his credit score is a 662 just average at this point? This is something I do not mind doing at all so just want to help him out to make it an easier process.

DSAVINO

just a quick question.both me and my fiancee and also his dad are on our deed/title however just my fiancee and his dad are on th emortgage but his dad wants to be off the mortgage and we just want to add me onto it with my fiancee.will we have to refinance in order just to add my name and remove my father in law?thank you

hahna1

Chris, a FL home may be a part of a court case in PA. I am trying to ascertain if a man had his name on a mortgage note in FL when he applied for, and signed for, a mortgage in PA (on 1/9/09) without disclosing the Florida note (it was originally signed by both the husband and wife, joint tenancy on 8/3/06). The Volusia County Clerk says the last recorded mortgage they have is the original one with both of their names on it (signed 8/3/06). They did get a divorce in 2008. Is there any way he could have gotten his name off that original note without leaving a public record - a transfer, the woman assuming the note, etc. We are trying to prove that he indeed had his name on the FL note at the time of signing up here in PA.

floraharding

Hello, We filed bk in 2003. In late 04 we had a baby and i stopped working. Some charge offs ended up on our credit which a paid after I went back to work in late 07. We have kept our credit clean for over a year and a half and now we are trying to buy a home. We have been approved thru DU for fha, we have the DP and our debt to income ratio is a bit high but our broker says that is not a problem. My husband has been at his job for over 5 years. The bank they are trying to get us financed with wants a letter of explanation for the paid charge offs before it goes to underwirting. What do you think, is this hopeless?

barten1750

If we put our house on the market for the $210-215K suggested by our agent, the commissions will eat into the profit we need to pay off our 2nd mortgage. Our first is at $175K with one bank and our 2nd is at $30K with another bank. Will we be required to pay the balance immediately by our 2nd lender or will we have the option to continue making the monthly payment until it's paid off?

moonjigga

I currently live with my parents in pa and am on title for the property. I want to refinance the current mortgage that is in my father's name into my name alone. I am currently a tipped full-time employee at the same job for the last 4 years. My fico is around 700. The current mortgage is 1 month behind with about another months worth of late payments. I do not show enough on my w2 to go conventional. I would only be able to show bank statements or go stated. The current rate that we have now is 8.5 in arm that as already adjusted. Any information would be greatly appreciated

anureddy007

am in desperate suitation. I live in california. My husband is not paying the mortgage and every month is asking me to pay the mortgage . I have been doing for an year. I am paying all the bills. I told him I want an divorce. He is threatening if I ask for an divorce he is letting the house to go into foreclosure. My name is not in mortgage or title. We bought the house after getting married as his sole property. If he let it go to foreclosure ..Can I rent the apartments ? Can I buy the house in the future ? If I buy the small place before his foreclosure is lenders coming back of me for my house since I bought the house while we were married. Please help..I am going mad thinking every day that whether I will place or not?

jroberts

Hi George... Just found this site. I have a "investment" property that I need to refinance, and I'm wondering if anybody could/would do it. My wife and I got out of school and didn't have any money to put down, so we went 100% financing (80/20) on our first house. We then had to move and didn't/couldn't sell it. Currently the loans are:40,200 at 9.875 and 172,000 at 6.5%. Home is worth between 220,000-250,000, in Douglas county, NV, depending on who you ask. We've owned it for 5 years and currently rent it out. Unfortunately, we go 700 negative cash flow every monthy. We are very responsible and pay everything on time, have great credit. Loans are with Citi, but they won't help. I'd love to refi to get some wiggle room becuase it is very tight right now. I would think someone would be able to help because we are not a risk. Do I have any options for this?

laura

My home is only worth 425k we own 300k 1st loan, 250k 2nd loan. We want to keep our home, and are actively in touch with our banks. My first mortgage with Wells Fargo 300k – is under review for a Loan Modification- ( things look promising on that end) It has a foreclosure date of JUNE 2nd, however the modification looks promising. Every rep I talk to daily tells me that Wells Fargo will modify, and if they need to they will extend the foreclosure date, until a modification is reached. This is my dilemma: My second mortgage with JP Chase ( which is a heloc) 250k was under a proposed verbal modification- , They lowered my rate by .5 point and extended the terms. I never denied nor accepted their offer. I told them I wanted to wait another week to see what my fist mortgage- Wells Fargo would do- I have been told tonight that this will now be going into the the chase home equity national recovery group . It is out of the loss mitigation department and into recovery. The loan modification offer with Chase ( my second mortgage 250k) is not an option anymore. It is now in the HOME EQUITY RECOVERY GROUP. what does this MEAN??? Will this department file a foreclosure as well?will they sue?will they want a settlement for part of the 250K??Will recovery negotiate? What are the next steps? Please help.