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Purchased home from nton Mortgage thru Banner Bank Sept 1986

Purchased home from Hinton Mortgage thru Banner Bank Sept 1986 orig loan 60,619.00 30yr 9.5% fixed rate FHA loan. Husband lost Job, got behind on payment. HUD took over loan in 1992. Made payments to Hud for aprox 4yrs. Loan was sold or given to Ocwen Federal Loan servicing 03/01/1996. Maturity date 08/01/16. Rec'd Balloon Letter in March of this yr. saying payment due in full on maturity will not accepts payment after that time. Requested pay off quote they are saying we still owe $44K. Loan amount turned over to Owen looks like $60,619.00 the total amount of the Loan??. 20 yrs later I owe $44K, where is the credit for the 10yrs of payment made prior to Ocwen (between Hinton Mortgage and HUD). If the balance turned over was incorrect, the application of principal and interest incorrect for 20 yrs is also incorrect. Rec'd amortization schedule from Ocwen in 1996. They are not following their own schedule. I have copy of Deed and Trust between HUD and Ocwen, I have paper work from Hinton Mortgage, I have an annual tax-loan/Escrow statement from HUD dated 01/07/92 -12/3192 showing I paid $7,217.33 in interest nd $1,142.15 in tax. I am current on my loan payments. I look forward to paying off loan, but we do no owe $44K. A few yrs ago Ocwen said we were current on our principal and no longer needed to be on their Forbearance plan. They adjusted my payment from $735.00 a month to 705.00. When asked if he adjustment was enough to pay off loan at maturity, they said it would pay every thing except arrearage in the amount of aprox $9K (owe less than now) . I feel Ocwen is trying to steal our home by saying we owe $44K. I have not rec'd statements from Ocwen in yrs, although requested never rec'd. I do have payment history from Ocwen dating back to 03/01/96 - 06/15/96, it is not a running total and the report is hard to read. Can you firm help me?JA: Since estate law varies from place to place, can you tell me what state this is in?Customer: Dallas TXJA: Have you talked to a lawyer yet?Customer: Most represent Ocwen. Some feel because my house is not in foreclosure, the case is light. And others are way out of our price rangeJA: Anything else you think the lawyer should know?Customer: We filed Bankruptcy about 5 or six years ago included Ocwen, but continued to make our mortgage payment. Ocwen said the Bankruptcy has been dischargedJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Real Estate Lawyer about your situation and then connect you two.

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3,740 satisfied customers
Does a condominium complex of eight or fewer units require a

Does a condominium complex of eight or fewer units require a reserve study if the owners vote "no" for Redondo Beach, California?

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Attyadvisor

Doctoral Degree

 
6,490 satisfied customers
I made an offer on a SHORT SALE house.The Short sale process

I made an offer on a SHORT SALE house.The Short sale process is at the beginning,so I will not find out very soon,if the Lender approves the offer.I made the offer with an FHA Loan.My concern is that I would like to find out if the house would be approved for an FHA,because I don't want to wait a month or to,for the bank to approve my offer(in case they approve it),and then to find out that ,eventually ,the house would not be FHA APPROVED...Can I take a regular home Inspector to inspect the house ,to know if it would pass FHA Inspection?Are there Home Inspectors Specialized for FHA Inspections?Or I can use any Home Inspector,as they would not the "checklist" for a property passing an FHA Inspection?OR :can the owner of the house order an FHA Inspection directly from the FHA authority?(as I know that only owners can ask for "Fha" qualifications on their own house...Thanks!

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J. Warren

Attorney

Doctoral Degree

 
3,870 satisfied customers
I had a loan modification more than two years ago. I ended

I had a loan modification more than two years ago. I ended up with a primary loan and a subordinate loan to FHAJA: The Real Estate Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: I am looking to refinance my primary loan using FHA loan.JA: I see. When it comes to refinancing, even the paperwork can be daunting. It's always good to arm yourself with the right information, but in some cases it's crucial. Since laws vary from place to place, can you tell me what state this is in?Customer: CaJA: The lawyers we work with have a lot of experience when it comes to real estate law, and it would be my pleasure to match you with the one who's the best fit. Are there any other pertinent details you'd like them to know?Customer: can I refinance the primary loan onlyJA: Okay. Is there anything else the Real Estate Lawyer should be aware of?Customer: NoJA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Real Estate Lawyer about your situation and then connect you two.

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Dimitry Esquire

Attorney at Law

Doctoral Degree

 
46,548 satisfied customers
I am renting a home of which, the owner has offered to sell

I am renting a home of which, the owner has offered to sell to me. I have been pre-approved for an FHA loan. Neither of us is working with a real estate agent at this time. In going this route, what are the steps I need to complete in order to purchase the home?

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MIAMILAW1127

Partner

Juris Doctorate

 
1,220 satisfied customers
Im a new real estate agent,in Illinois. I want to submit

Hi,Im a new real estate agent,in Illinois.I want to submit an offer for a client,for a house(SFR),with an FHA LOAN.Question:If I submit the offer today,when should I put:1)Mortgage "First Commitment Date":("the contract is contingent upon Buyer securing by _______("first Comittmnet date") a firm written mortgage commitment...2)Closing Date:?3)Since its a FHA offer on a house,it says that "Rider 8,Rider 9 or the HUD Rider shall be attached".Can you provide a link to the Rider that I need?(I assume only one of these?)4)On "Rider 8",they ask for a "VALUATION CONTINGENCY DATE".What should this be?Thanks!

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Ray

Lawyer

Doctoral Degree

 
33,968 satisfied customers
I have been living in a house 3 yrs. It was an estate

I have been living in a house for almost 3 yrs. It was an estate my friend was the executor. The house went for back taxes and I took out a loan so the estate regained ownership. The deal was i would not pay rent until the loan was paid off and that hipefully i would be able to purchase the house from yhem later on.The executor sold the house to one of the heirs and now that heir is selling the house and asking me to pay rent on top of the loan. I have repeatedly tried to contact him so we could straighten out the lease and I would pay rent until my closing on june 15. He has not responded to my calls whatsoever. i still have the rent sitting in my account. He just put a notice to quit on my door and said I have 30 days to get out. What can I do

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

 
44,784 satisfied customers
I was approved fha loan and the closing is set but as

I was approved for a fha loan and the closing is set but as part of getting this loanI have to rent out my condo I own currently. What happens if I am unable to rent mycondo out?

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Attyadvisor

Doctoral Degree

 
6,490 satisfied customers
Mg. y son and I have been trying to accomplish something for

Mg. y son and I have been trying to accomplish something for a while now and having a lot of trouble doing so. I am hoping you can advise me how to accomplish it. It seems simple enough to me but apparently I am wrong. He is trying to buy a 10,q25 acre plot of land in wise county tx with a small house on it. He can qualify for an FHA loan. I am wanting to build a house on the 10 acres as well and I just want to buy a couple of acres of the 10 so I can qualify for FHA mortgage as well. The FHA rates are more favorable.The seller just wants so sell it as is and is unwilling to cooperate. We have been told he can buy it with a conventional loan which is much more expensive and then as a family member he can sell us two acres but the down payment and interest rates are prohibitive. Lenders are telling me that once he has an FHA mortgage on 10 acres nothing can be deeded or sold to us until the entire loan is paid off. Can you suggest a way for us to own two acres of this land to satisfy FHA requirements and my son have his 8 acres and house with a separate FHA mortgage?

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LawTalk

Attorney at Law

Juris Doctor

 
31,072 satisfied customers
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