Q&A
Asked by DONNA
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Hello Donna: I'm not 100% clear on the supporting information for your question; was the home sold (and therefore no longer owned by you), or do you still own it bu...
Q&A
Asked by JOSE BALLARD
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Jose: Thanks for your question. There is nothing stopping you from doing either. However be advised that 1) There are specific guidelines for renting your home and ...
Q&A
Asked by Mala
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - First off, never believe anything a debt collector tells you. They are still second-in-line to the first mortgagor. They can and will sue you for the money. F...
Q&A
Asked by Richard
M
Answered by Michael
Have you considered renting the property to someone who cannot obtain financing? There are many people looking for a home but they dont qualify for a purchase in today...
Q&A
Asked by an anonymous user
Answered by Mark Haynie, Mortgage Broker in Los Angeles, CA
Any credit company that says they can remove a foreclosure from a credit report may as well be selling unicorn rides as well. As for getting a loan with a foreclosure...
Q&A
Asked by an anonymous user
Answered by Carlos Contreras, ChFC® in Aventura, FL
The first thing you need to know is if Massachusetts is a jurisdiction state. If so, I would contact a certified foreclosure attorney there. In Florida, we have 12 mo...
Q&A
Asked by an anonymous user
Answered by Chad Freeman, Branch ManagerPRO+ in Bethesda, MD
Generally speaking, 4 years. If there were extenuating circumstances, then possibly only 2 years.
Q&A
Asked by Gina
Answered by Ted Rood, Mortgage BrokerPRO+ in Maryland Heights, MO
Mortgages are considered late after the 15 day grace period, and late charges are typically accessed then. Some lenders will also mark the mortgage as "delinquent" on...
Q&A
Asked by troy
Answered by Heath Schneider, Mortgage BrokerPRO+ in Las Vegas, NV
If your total debt payment does not exceed more than 50% of your gross annual income then you can get a loan. If it does exceed 50% then you should call your current ...
Q&A
Asked by an anonymous user
Answered by Kim Miller, CFP®PRO+ in Redmond, WA
Hi - You should check with a Certified Public Accountant (CPA) in your local area for specific tax advice. There was a forgiveness program for canceled debts that ex...
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Delinquency, Foreclosure & Eviction

Delinquency, Foreclosure & Eviction
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