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Recent FHA Refinance questions

Can I sue my HOA and/or fellow condo homeowner for not settling

Can I sue my HOA and/or fellow condo homeowner for not settling a lawsuit file by the homeowner to reveiw the HOA books and his debit history. Their failure to settle is preventing my fha refinance loan from proceeding and costing me a great deal of money each month.

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kattorney

attorney

Doctoral Degree

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My husband and I are divorcing. We have a home in both of

My husband and I are divorcing. We have a home in both of our names we purchased in 10/2007 and then refinanced in 01/2010. Our monthly mortgage payment is $2625 including PMI. He has not paid mortgage since May of this year and I have been obligated to pay monthly through the divorce proceedings. He is out of the home now. We anticipate a finalization of the divorce by the end of 2011. We have a HARP loan (01/2010) at 6% interest on a home in which we owe $320K. The home is valued by Zillow currently at $240K. Banks locally have all been telling me the same thing; they can offer a lower rate so long as I refinance. They usually say that they cover 90-95% of the appraised value for the loan (Appraisal is $240K - coincidentally) and that I would have to come up with the rest to get the interest rate lowered. So following their thinking, Let's say I could luckily find a bank to refinance at the 95% rate, it would still be a loan for $228K and I would need to come up with ~$95K including closing costs!! That's jsut ridiculous. If my husband and I cannot qualify for the assumption via WFB (which has refused to lower the rate), we would be obligated to sell (try doing that in the winter in New England) and each respectively eat the $50K difference. I'm worried about losing my job also and as winter approaches the cost of heating is just frightening. I would like some solid advice as to what options I have (aside from the assumption). This is a huge responsibility which I may not be able to handle alone and would like to know if there is any federal monies available or banks which help customers get a lower rate without an appraisal. I dread the thought of foreclosure or short sale as I do not want to destroy my credit.

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Roger

Litigation Attorney

Doctoral Degree

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I signed preliminary documents with Freedom Mortgage Company

I signed preliminary documents with Freedom Mortgage Company to do a streamline FHA refinance. Their original GFE for my expenses was $325. Then it was $810. Now they say $750. If I go to the closing and it's a lot higher and I decide not to close, am I responsible for still paying other fees to them?Cathy

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

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45,592 satisfied customers
The Manufactured Housing Division of NV is wanting me to

The Manufactured Housing Division of NV is wanting me to leave the Mobile Home I'm living in because it has no paper trail to say it's currently up to code, i.e., no permits were applied for to show how it ended up on this lot, in this park, completely remodeled. Am I eligible for a hardship variance as I have no other place to live and no way to afford to do everything they're asking?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

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It's a story but hopefully I can simplify, North Carolina,

It's a long story but hopefully I can simplifyJA: Because laws vary from state to state, could you tell me what state is this in?Customer: North CarolinaJA: Have you talked to a lawyer yet?Customer: NoJA: Anything else you think the lawyer should know?Customer: Yes

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texlawyer

Lawyer

Doctoral Degree

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7,364 satisfied customers
Question about living in a home as a primary residence and

question about living in a home as a primary residence and then turning it into a rental...how long do i have to live in it as primary before i can rent it out without any penalties or risk to the mortgage i have...JA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: OregonJA: Have you talked to a lawyer yet?Customer: no not yet......was just doing some research on line for nowJA: Anything else you think the lawyer should know?Customer: only that i am planning to rent it to a family member - not sure if who i rent it to makes any difference...

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Ely

Counselor at Law

Juris Doctor

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1. I have been leasing a condo for 3 years, they are

1. I have been leasing a condo for 3 years, they are governed by an HOA2. The owner of my unit wants to sell it. So I am to move by 8/1. I found another unit in the same complex, but the Board said I must file a new HOA application. They turned down my application, because I don't follow rules, when outside, pet cat must be on leash.3. I found another condo to rent but it will not be available until 8/17.4. I will gladly pay rent until 8/17If my landlord says no, I must leave 8/1, can they immediately evict me?

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Loren

Juris Doctor

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35,470 satisfied customers
When I move to my apartment 2 years ago landlord gave me

When I move to my apartment 2 years ago landlord gave me lease agreement on rent stabilization lease form .now ,when 2 years over , and I want to renew the lease ,they telling me ,this apartment is on market rate. And they want increase ..was $1263 ,they wants $1650. What can I do?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

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45,592 satisfied customers
I signed an offer on a condominium with total of 16 steps

I signed an offer on a condominium with total of 16 steps based on my receiving a knee operation which would allow me to walk up the stairs. Within 4 days I canceled the agreement after discovering my heart problems may prevent me from having the knee operation. The seller refuses to return my deposit based on my changed medical circumstances and has relished the property. What can I do?

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RealEstateAnswer

Juris Doctor

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29,062 satisfied customers
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