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Recent FHA Loan questions

I have an issue with a refinanced mortgage I had done with

I have an issue with a refinanced mortgage I had done with Quicken loans. My wife was promoted, and we wanted to rent out the house to her mother. The mortgage was a WHEDA loan, which is an owner-occupy only loan. We needed to refinance to a different loan. I called Quicken Loans and they set me up with the refinance. It took 10 weeks to close, and then when I started the next process of getting a loan for the house we wanted to purchase, the new lender is running into issues due to how the refinance was set up. Quicken Loans set up the loan as an FHA loan, which means I have to occupy for at least 12 months before I can rent it out. Now, not only did the bank reject my loan due to potential mortgage fraud, My wife may need to step down from her position as well. Her job requires a lot of hours, and she is starting to break down from the driving 80 miles each way. Her boss has offered to look into options for her with the company, but one of them is moving back and being demoted. We did e-sign the prelim document of residency for 12 months, but we were not prepared for the mortgage banker to send us a loan that would do this. We assumed they had our best interests, and would have known better, since that was the only reason I refinanced. Is there any legal action I can take against Quicken Loans?

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My husband was approved FHA Loan (bankruptcy ch 7---3 yrs

My husband was approved for an FHA Loan (bankruptcy ch 7---3 yrs ago) and recieved the letter of approval to purchase a home. We were suppose to close today!!!The lending company said 2 days ago that the home my husband surrendered in the bankruptcy wasn't sold and or recorded with the county recording in 2014...Basically, I know that when surrendering a home in bankruptcy, the house does obviously goes into forsclosure...and for the mortgage company to have full ownership of the property to resell!!! Our discharge letter is dated 2013...We have a family of 8, our house is halfway packed...im a combat veteran, while my husband is still serving...all this happened while my husband was in training...Im pretty sure he thought I was stupid! The lending company will not reply to any of my questions after I stated that I read the FHA LOAN Requirements...my legal docs all state 2013...What are my options...or husbands options?All the time and money into buying this home waisted??? To be told he wanted more money down, 5% and go with a different lender...Ummm not happening something us wrong and my he knows he messed up!!!

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TJ, Esq.

Juris Doctor (JD)

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Haven't received a bill on new mortgage in my first 7

Haven't received a bill on new mortgage in my first 7 months. I have asked several times, plus utilizing my 1 emergency payment for that I received in my closing package. Now I'm receiving property tax bills at the house. What can I do?

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TJ, Esq.

Juris Doctor (JD)

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I have an FHA loan since 2014. I would like to know how in

I have an FHA loan since 2014. I would like to know how in the event of my death my significant other for the past 30 years would be able to stay in the home and continue to pay the mortgage. In other words can I will him the house even though it is not mortgage free?

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Marsha411JD

Doctoral Degree

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FHA Case No. 093-4831968 Michele Address: former address to

FHA Case No.(###) ###-####Michele James Address: former address to property was*****Odessa FL. 33556. Present address: changed to*****Odessa FL. 33556By Introduction, my name is***** and I became a homeowner in January 2001. I went through the process with a nonprofit organization by the name of American Liberty Funding located in Tampa Florida. American Liberty Funding assisted me with preparing me to become a first time homeowner. Being a single mother, this was the American dream coming true. The name of the mortgage company which is no longer in business was called Ivanhoe Financial in Orlando Florida. I fell behind one month and Ivanhoe sent me a letter stating that due to a late payment, my loan could not be FHA insured, and the loan will be converted into a conventional loan. Now at the time I was not aware that this was false information, and pertaining to the mortgage note there is no clause stating that my loan will no longer be an FHA loan by falling behind one payment. The original lender was Chase Mortgage which sold the loan to Ivanhoe within a year. I know for a fact that FHA helps individuals to remain in their homes. I truly believe that this is a predatory loan and Ivanhoe converted into a regular conventional loan of course for profit. Ivanhoe made stated another fictitious statement that the well on the property was not the appropriate footage from the septic which is false because the house was built from the ground up the contractor has to meet the building codes for Hillsborough County. Please keep in mind no one from HUD/FHA inspector never came to inspect from the beginning of construction, middle, nor end to inspect. I have been fighting this for years and I feel that this information that Ivanhoe Financial was just all a ploy for me to lose my home and my inherited property. Ivanhoe Financial used fictitious FHA procedures/ guidelines to target individuals receiving FHA loans and convert the FHA loans for profit for their investors gain and greed. This really saddens me for individuals who really strive for the American dream to become a homeowner. Over the years my loan has been sold at least 5 times and now my mortgage company is Selene Finance and they only reason why they have it now because Selene Finance were under the assumption that my loan was in default and I was in foreclosure which was false as well. Now since Selene Finance has my loan I stated to them to look at the original note and it clearly states that this is a FHA loan FHA insured. Since Selene Finance has the loan, they are now held accountable. The note still shows FHA loan. If this is a conventional loan why wasn't the note revised to conventional. This definitely raises suspension. My interest rate is 6% which needs to be lower because it is a FHA loan. The interest rate should be at least 4%. At 6% I will never pay off my home loan and while the investors get wealthier.Attached to this letter is self-explanatory of evidence of FHA fraud. I made payments and made an error by putting the wrong loan number on the check to the previous Lender which was Chase Mortgage Company instead of Ivanhoe Financial. Also what Ivanhoe is stating is that the payments were not made in a timely manner of six on time payments and where in the FHA guidelines does it state to make 6 on time payments. I searched and didn't find anything that applies to “on time payments”. Please keep in mind that I had closed in 2001 FHA loan, but Ivanhoe is stating on time payments being made in 2002. Page 5 is a letter that was sent to Ivanhoe Financial to endorse or cancel the case, Ivanhoe Financial chose not to create a case binder to keep the case FHA endorsed. This company was careless with my loan. Ivanhoe Financial did not respond to U.S. Department of HUD in a professional or timely manner. I strongly believe that there were fraudulent activity took place with my loan. Please assist me with this matter.Thank you,Michele James

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Law Educator, Esq.

Attorney At Law

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I made an offer on a house,with an FHA loan. If we get to

Hi,I made an offer on a house,with an FHA loan.If we get to the point where an FHA Inspector would come to inspect the house,and he would ask for some repairs to be done,in order to approve the Fha loan:If I ,the Purchaser,agree to make the repairs on my own expense:what happens if somehow I cannot get the loan?Did I just make some repairs on someone's house and I won't get reimbursed,correct?Or can I tell my attorney to write something like if my loan ends up not being approved for any reason,I should get reimbursed for those expenses"?

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J. Warren

Attorney

Doctoral Degree

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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

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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

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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

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