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
I am a single member living in this house since my wife left, so finances have changed dramatically.
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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