http://backend.userland.com/rss092 http://www.mortgagefit.com/rss/discuss.xml 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 sam.mortgagefit@gmail.com Fri, 09 May 2008 15:42:54 GMT en-us http://www.mortgagefit.com/videos/protect-fraud.html http://www.mortgagefit.com/videos/protect-fraud.html Here it is shown how you are being cheated when they actually saying that they are helping you out. You loose you home, your equity and everything. So talk to your lender if you have any problem regarding your mortgage problem and avoid such the third party mortgage frauds. Would love to have your comments on it. http://www.mortgagefit.com/secondloan/ch13-reaffirmation.html http://www.mortgagefit.com/secondloan/ch13-reaffirmation.html We filed Ch. 13 BK and it was discharged 8/07. I am delinquent on our second mortgage. I just pulled our credit report and it states under the second mortgage creditor: Reaffirmation of debt. What does this mean? Are they foreclosing? http://www.mortgagefit.com/minnesota/second-chargeoff.html http://www.mortgagefit.com/minnesota/second-chargeoff.html I am a real estate agent. Im working a short sale. the first lender(wamu) I couldnt get to call me back for months. the second lender(chase) settled with me for 3k. Then finally wamu said they would settle, now the second charged off the debt and sent it to collections who said they want a full pay off. The sheriff sale is tommorrow, minnesota has a 6 months redemption period. If the home is foreclosed and the lender takes the property back deosnt the debt stay with the property and the collectors cant come back after the person? how does this all work and does anyone have any suggestions, this collector is playing hardball. I dont have to much time and the deal will blow then its dead. thanks for your help. http://www.mortgagefit.com/mobilehome/best-loantype.html http://www.mortgagefit.com/mobilehome/best-loantype.html We are trying to buy property in Hobbs, New Mexico. It is 2 lots for a total of about 2.87 acres. One of the lots has an older mobile home on it. What is the best type of loan to get. We do own a home in Alamogordo, NM but we were not wanting to do an equity loan but we do have about 50,000 in equity. We are going to pay 30,000 for the Hobbs property. http://www.mortgagefit.com/firsttimebuyer/realtor-offer.html http://www.mortgagefit.com/firsttimebuyer/realtor-offer.html I got 2 issues going on right now and I don’t know how to deal with it. I need professional and experiences information please. Background: Pre-Approve through BOFA, First time buyers, some what knowledgeable in the buying home process. Definitely NOT a sucker. #1 My wife and I have found our dream home; we made an offer and were told to make a final offer due to 8 different offers. This is foreclose home and in very decent condition. That was 8 days ago. Still there is no response from my realtor. What should I do? Every time I call, he tells me the banks are still deciding. Which doesn’t makes sense because you would think a foreclose property would sell very quickly. Last time we spoke was on Sunday, when he mentions there were only now 3 offers. We also sign a document stated property is sold andquot;as isandquot; and seller is not making any repairs. What should I do? #2 My wife and I went out shopping again for another property with another realtor agent. We found another great home and want to make an offer. Even though we got issue #1, we wanted a plan b, just in case. The seller wanted us to pre approve for the property. I’ve already been approve for a loan else where. The Loan officer wanted all info that relates to 2007 W2’s, last 2 months check stubs, last 2 current bank account statements. In addition, this home was on the market for 214 days, when we saw the home and told the agent that we were going to make an offer, he replied there were a total of 2 offers and I must make a first and final offer. I don’t know guys, sounds tricky but are these normal characteristics of a realtor? Need advice. Thanks in advance. Tyes Lee http://www.mortgagefit.com/conforming/homeloan-options.html http://www.mortgagefit.com/conforming/homeloan-options.html My wife and I are looking at new construction purchase in late August 2008. Current home sale profits are 50K with closing in July. Current credit scores not real good but moving up Me- TU-631, Eq-619, Ex-649, spouse - TU-683, Eq-642, Ex-647. We have another 25K for downpayment - total cash = 75K. No foreclosures / BK, etc. Combined income is 18,000 (pre-tax) monthly. 11,000 (post tax) - Both of us in current job for 4+years and 14+years. Monthly commitments = 1,200 / mo (cars) without home (no credit card debt) Home price is 540K with new conforming limit of $428K in this area. We have worked real hard to increase credit score over past 6 months, with a 40 point increase since January. Hopes are to be around 680 by end of August, yet I need to make sure that if they dont get there we have options. With the current market conditions I am concerned credit scores will drive the lendability rather than the financial side. I am looking for suggestions on what is available in the market for someone in our situation. Thanks in advance http://www.mortgagefit.com/joint-tenancy/cosigner-losehome.html http://www.mortgagefit.com/joint-tenancy/cosigner-losehome.html My husband's father put our house in his name because we are unable to qualify for a mortgage due to credit issues. We signed a quit claim deed that says as joint tenant with the right of survivorship. He is not doing to well healthwise will the bank take our house from us if he dies? We paid for everything for closing, lawyers, mortgage payment, repairs, etc. He just put the house in his name because he has excellent credit. Probably not the best time to be asking this question but I am trying to lookout for my family. http://www.mortgagefit.com/lenders-community/203kloan.html http://www.mortgagefit.com/lenders-community/203kloan.html Hello Everyone, My company is in a situation where the lender that we used to do our 203k loans has bit the dust. We are currently looking for a new lender to replace them. Please let me know of lenders that do 203k's that you have had good experience with. Thanks for the help! Kim http://www.mortgagefit.com/good-credit/100percent-loan.html http://www.mortgagefit.com/good-credit/100percent-loan.html looking for lender for my home buyer with good credit. Not a first time home buyer. Was prev approved for a 80/20, a program that was disontonued. Do you have an equivalent program? William Moskowitz Nan Miller 609-882-2747 609-9770-9996 http://www.mortgagefit.com/mobilehome/loan-repair.html http://www.mortgagefit.com/mobilehome/loan-repair.html I'm tring to get a home loan for 35,000 the house needs work flooring (not sub floors),needs an ac unit needs a water system for the well.The problem is I need 55,000 to repair before I can move in.I've been at my job for 8 years,my score is about 620,why am I having a hard time getting a loan. ps the property aprased at 147,000 at zillow.com