I know this is vague… but this couple owes us money…. They
I know this is vague… but this couple owes us money…. They needed an equity loan to pay us and their debts off... equity loan is on 3 houses that is owned by them ( 2 in Haworth, NJ and one in Long Beach Island on the Ocean)First company had issue and in January 2016 they went to other company, who proclaimed that they would be able to get the loan. Most of the paperwork was completed and valid for that type of loan, due to this was their 2nd try.Every week we are being told that there is another reason that they need to wait, and the closing will be the following week.It is now the end of August and it is still the same situation with the same Loan company, supposedly.The Question is: WOULD AN EQUITY LOAN ACTUALLY TAKE THIS LONG ?? or ARE WE BEING PLAYED FURTHER. ????
I own a 1 family house no mortage, however have a heloc on
I own a 1 family house no mortage , however have a heloc on it since 2011 . I have moved in to take care of my elderly mom, and have been renting the house past 6 months. payments are always on time am in violation of the loan ? would the bank pursue any action on me ?
I am wondering the likelihood that a mortgage company would
Hello. I am wondering the likelihood that a mortgage company would sue me for a sold out junior loan from 2012?JA: Because laws vary from place to place, can you tell me what state this is in?Customer: MinnesotaJA: Have you talked to a lawyer yet?Customer: Very briefly, maybe 3 minutes worth.JA: Anything else you think the lawyer should know?Customer: I spoke to the bank twice and neither time were they willing to consider a settlement unless I provided financials. I declined.
Question about contract. I entered into an agreement with my
Question about contract. I entered into an agreement with my separated wife that in the agreement I would provide $65K back into the heloc, reduce her mortgage to me (on a rental property- i hold the mortgage), move out all in return for her to refinance the house in her name (out of mine). In the agreement she would pay me $95k out of the sale of the rental property (which sold). She says the contract is not enforceable because she was forced into signing it or I would not put the $65K into the heloc for the refinance to go through. I had every right to take out $65K loan on the heloc (house in my and wifes name) and I paid the loan back in this agreement. She say she was "forced" so what do I need or her need to prove she was forced and make the entire contract unenforceable?
I have a prenup that states at time of separation, I get 60%
I have a prenup that states at time of separation, I get 60% of marital property. My wife moved out and I then took 60% of what was in the heloc out. She is challenging a contract saying she was forced to sign it or I would not retun the funds to allow her to refinance. I ended up in the agreement giving her the money to refi in return for getting a payment out of a rental property (whihc did sell and money is held in escrow due to this claim). What is her rights and mine towards one to take my portion of heloc funds out and for her to claim contract is enforecable cause I "forced" her?
Oh I am in a bankruptcy chapter 13 I just received an
HelloJA: Hi. How can we help?Customer: Oh hello I am in a bankruptcy chapter 13 I just received an approved loan modification from my lender. The only problem is that my heloc is in first position and has no interest in subordination of the loan. They want me to reinstate the account and pay the past due before they consider a subordination should I be live them?JA: What state are you in? And has anything been officially filed?Customer: Florida no I don't think so they told me they would escalate the request to their loss mitigation dept I feel they are not providing me with the assistance the government recommends them toJA: Have you talked to a lawyer yet?Customer: I have only spoken to my bankruptcy lawyer he is at a loss on the situation he seems to not know how to address the issueJA: Anything else you think the lawyer should know?Customer: Well I am approved for HAMP modification should nt the other mortgage be automaticly modified as well? It cannot be stripped off in bankruptcy do to its lien position what I understandJA: 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.
In California, I had a home equity line (non-purchase
In California, I had a home equity line (non-purchase money). When my home went into foreclosure, the bank with the HELOC purchased the first loan, apparently to reduce their potential losses. They then proceeded with their own foreclosure. How long do they have to pursue payment or deficiency judgments, or other legal action against me?My father is ill with cancer and wants to place his home and some accounts in my name. I want to make sure it can't be seized.
I am in the process of refinancing my 1920-era home with
I am in the process of refinancing my 1920-era home with cash out. The proceeds will go to improvements, ones that affect the value of my home. The front porch is in disrepair. The siding with peeling lead paint needs to replaced, among other things. (These issues appeared in one season.) Any lender would want an appraisal. I am terrified of an appraisal. Comparable homes in my neighborhood are selling for what I think it is worth. But these homes need no major work and have lovely curb appeal. My home looks, well, sad and neglected. The interior is excellent though.How much would the condition of my home as described affect an appraisal?Another thing, since the discovery of peeling exterior paint, my 2-year-old and I have been staying elsewhere. A friend is occupying my home, as I do not want it vacant and he will not chew on lead paint chips. One lender told me that if I am not currently residing in my home, it is considered an "investment property," and a higher interest rate would apply. Cash-out would not be an option either. Is this true? We plan to move back in a week or two after close (after the contractor is paid and takes care of the lead).Is it wise to apply for a HELOC in case the cash-out refi does not work out?
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Doctor of Law w/ highest honors
I had an E*TRADE HELOC in 2004 that was paid off with a
I had an E*TRADE HELOC in 2004 that was paid off with a first mortgage debt-consolidation refinance in 2007. The lien satisfaction documents were never forwarded to my county's recorder's office in 2007. I am now trying to sell my house and this lien needs to be satisfied. E*TRADE says they sold my loan and have no records of the lien satisfaction, even though I received a letter from E*TRADE saying the lien satisfaction documents were being forward to my county recorder's office in 2007. None of the companies E*TRADE MAY have sold our loan to have any record of my loan number. Please advise! Thank you.JA: Real Estate issues can be tricky and expensive. The Real Estate Lawyer will need to help you with this. Have you talked to a lawyer yet?Customer: No.JA: Anything else you think the lawyer should know?Customer: E*TRADE quit offering HELOCs and other types of loans a few years ago. Nobody at E*TRADE can find my loan information. I've been corresponding and working on this for a month!JA: 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.