Dec
29
tom s asked:
My wife and I bought a new double wide, we lost everything getting this house and often told our salesman we cannot afford it, he said we would be fine and it was too late we signed an agreement. Now our home is in foreclosurer and we were prepared to move out once the bank sold it, this past Saturday we recieved a lettyer from the United States district court in Vermont, stated that the guy who intailly did our funding was convicted of fraud, come to find out 3 people who work on or funding for this house were also convicted of fraud, they were the “middle men” between us and the bank. I know he stole over $8400.00 from us according to the FBI, we will get that back, but had they not lied we would not be in this mess, I guess the bank is stuck too, what will happen to our house? Does the bank sue him, work out a new morgage with us? or are the bank and us out of luck?
Connie
My wife and I bought a new double wide, we lost everything getting this house and often told our salesman we cannot afford it, he said we would be fine and it was too late we signed an agreement. Now our home is in foreclosurer and we were prepared to move out once the bank sold it, this past Saturday we recieved a lettyer from the United States district court in Vermont, stated that the guy who intailly did our funding was convicted of fraud, come to find out 3 people who work on or funding for this house were also convicted of fraud, they were the “middle men” between us and the bank. I know he stole over $8400.00 from us according to the FBI, we will get that back, but had they not lied we would not be in this mess, I guess the bank is stuck too, what will happen to our house? Does the bank sue him, work out a new morgage with us? or are the bank and us out of luck?
Connie
Dec
7
What are my chances of getting a morgage?
Filed Under Credit | 6 Comments
Foamy is God asked:
Perfect Credit 33 Y.O
Part-time nurse
Worked as a nurse since 2000
Engaged
$325,000 in the bank
I have a CFP
I want the morgage in my name only
I would like to buy a $300,000 house
I want the house to be in my name only I will be making the payments. OR can/should we have both our names on the morgage and my name on the title only. I want to be the sole owner due to the fact that I am the one who will be making the payments. How does this work?
300,000- 350,000 dollar house
Dale
Perfect Credit 33 Y.O
Part-time nurse
Worked as a nurse since 2000
Engaged
$325,000 in the bank
I have a CFP
I want the morgage in my name only
I would like to buy a $300,000 house
I want the house to be in my name only I will be making the payments. OR can/should we have both our names on the morgage and my name on the title only. I want to be the sole owner due to the fact that I am the one who will be making the payments. How does this work?
300,000- 350,000 dollar house
Dale
Sep
9
I own my house, its apprasied at $815,000.00 I have a morgage $130,000.00 I have tax liens that will run out?
Filed Under Credit | 5 Comments
kenekenn asked:
in 12/2/2006 I need to barrow $30,000.00 now and refi in Dec. and can pay back $30,000.00 when I refi. Is this possible? If so where do I find a lender that will work with me?
Kathleen
in 12/2/2006 I need to barrow $30,000.00 now and refi in Dec. and can pay back $30,000.00 when I refi. Is this possible? If so where do I find a lender that will work with me?
Kathleen
Sep
4
will r asked:
I signed on to trucredit report to monitor my credit they say that my scores where tu 601 ex 621 eq 651. but when my credit was ran for a Morgage my scores came up tu 661 ex655 eq 677 i’ve been paying my bills on time never late why the different scores?
Geraldine
I signed on to trucredit report to monitor my credit they say that my scores where tu 601 ex 621 eq 651. but when my credit was ran for a Morgage my scores came up tu 661 ex655 eq 677 i’ve been paying my bills on time never late why the different scores?
Geraldine
Sep
2
CJ asked:
Started working last year december earning a net basic income of R10400, for investment purposes I bought a newly developed upmarket apartment and ended paying morgage of R4300pm(I stay in it) and then after that I bought my first car and I am paying R3500pm and since I work 2km away from work, the little that I had left was is enough for fuel and other necessary expenses. I then took up a loan of R42000 (which I pay R940pm for 7yrs) and I bought a R43000 central city apartment with it and used up the R12500 overdraft facility to renovate the flat which now brings me an extra net income of R3000 per month additional to my salary. My salary has since gone up so my net is now R13000.
Started working last year december earning a net basic income of R10400, for investment purposes I bought a newly developed upmarket apartment and ended paying morgage of R4300pm(I stay in it) and then after that I bought my first car and I am paying R3500pm and since I work 2km away from work, the little that I had left was is enough for fuel and other necessary expenses. I then took up a loan of R42000 (which I pay R940pm for 7yrs) and I bought a R43000 central city apartment with it and used up the R12500 overdraft facility to renovate the flat which now brings me an extra net income of R3000 per month additional to my salary. My salary has since gone up so my net is now R13000.
I know it wasn’t a good idea to take up a loan and exhaust my overdraft but I wanted to have as many long term investments as possible but now the problem is that I don’t like my progress in paying off the loan. Please assist with means of me paying off the loan faster ans staying debt free.
well, the flat that I bought was a bank repo…so it was quite a bargain (has 4 bedrooms, a bathroom, kischen and 2 reception areas) and after just six months I can sell it for at least R120k which will be more than enough for me to get initial invetsment and profit…but I don’t think its wise to sell at least now.
Monica