Open Question: I think my landlords going into foreclosure! Shes acting very strange...any ideas?

My landlord has been acting strange lately. She called the other day to ask the names of all my children and a few other questions stating that she was applying for a new variable interest rate on her loan. She said that she had to say she lived here with us and that we were roommates. She also stated that we shouldnt worry if our rent is late because she doesnt need to pay her mortgage right now due to this "loan pending". Yesterday we got mail in our mailbox from her mortgage company and we could see that is said something about foreclosure!! Now we are worried. A few different people have told me that she may be claiming she lives here so that she can be bailed out of her obligation to pay her mortgage based on some new law Obama passed to help homeowners who have fallen victim to the balloon payment problem or something??? But to qualify they have to be living in the home. We dont want to end up on the street. Anyone know what shes up to? What should we do???Do I pay my rent .. or should I just take my money and move asap? more

Open Question: mortgage loan from the government?

I want to buy a house, but the interest from a mortgage company seems to be high. I heard that there is a mortgage loan program offered by the government. Is this true? If so, how can I apply? more

Open Question: Mortgage company isnt helping.?

Hi, My mother and sister are both on a joint home mortgage, it's been over 9 months they are struggling to pay the mortgage. They have been trying to get with mortgage company to remodify the loan but they are not doing any thing about it. what can I do?, I don't want them to walkout of the mortgage because of their credit will be screwed. Can any one please guide me with this?? I will be very happy to hear from someone who was in the situation and how they got the mortgage company work with them. Thank You very much for the important time and help. G more

Open Question: Sticky situation, score dropped while searching for a house?

Hi all, I started looking to buy a house a couple of months ago. At that time I got pre-approved for the price range (130,000-140,000) and my credit score was 620. 2 months later I found the house I wanted to buy, put an offer in, however, when my credit report was pulled, my score was dropped down to 587. I quickly looked into what was going on, since I had paid all my bills on time and took care of every single payment. Turns out on my car loan, there was a mess up and I had accidently missed a payment 6 months ago, even though I kept making payments, they were being applied to the previous month, consistantly making my payments 30 days late. This was reported to the credit agencies and brought my score down. My loan specialist first said, I will not be able to qualify, however when I expalined to her what had happened with the car loan, and that the car loan company will rectify this, she thought I might have a good chance. I have been in a stable job for over 5 years and make 70K a year. I have paid all my bills on time and except for the car loan glitch I have been pretty credit savvy. Its been 3 weeks since I have applied and have heard nothing, no good news no bad... its killing me, how long should I wait? should I go thru another mortgage company?Thanks for the answers. You are right the broker is not communicating properly. Shes says someting today and something tomorrow, moreover I feel shes not on top of things. I did get a letter from the car loan company, saying they will fix the situation. I will waut a couple months to give them time to do it, if not I will dispute. Its just the timing is really really bad...:( more

Open Question: Is Vernon St. Capitol a scam?

It is a company that sells mortgage loan originattion affiliations. I found them on Franchise Solutions, and I am thinking of investing. more

Resolved Question: pissed off at contract manager. review letter? too mean? wrong category i know but i need answers asap.?

Dear Mr. Contruction Manager, I asked you for a copy of the appraisal back in May and you NEVER answered my email. If you would have answered my email back in May, I wouldn’t have asked Mr. Michael Anthony of the title agency, and Mr. Anthony wouldn’t have told me that you did owe me a copy of the appraisal, and I wouldn’t have had to ask you again. So thank you for being prompt and professional by answering my email 2 months after I originally asked you. It looks like (yet again) that we are back at square one. Suntrust Mortgage has created yet another big problem for us. We are requesting the $6415.15 (which is the remaining portion of the $13,000.00) to pay the contractor’s bills for work/s they have completed and to also obtain their releases to obtain the “CO” from Hillsborough County. Be aware that I do not have the exact amounts for the contractor’s bills. If you want that information, please call Mr. Chris Braglin from Braglin Builders INC. at 813-695-0685. Again, I do not know the exact amounts for the contractor’s bills, so don’t ask me because you already have my answer. These are the contactor’s that I am aware of that need payment: 1) Sal Electric: Electrical contractor that has performed the electrical work for our house. 2) A/C Contractor: A/C contractor that has performed the A/C work for our house. 3) Euro-Shutters: Hurricane shutter contractor that has performed the work for our house. 4) TECO: Local electrical power supply company. A certain amount must be paid before they do the final connection/meter installation to the house. 5) Hillsborough County Government: They require a certain amount of money to be paid for “Impact Fees” and/or etc… before they provide and/or release the “CO”. 6) Landscaping: Hillsborough County Government requires a certain amount of trees, grass, driveway and/or etc… before they provide and or release the “CO”. 7) Others: If any you can obtain those from builder. Before we started the process/hassle to request the $13,000.00, we had an ending balance of $3,766.03 (according to Ms. Irene Hooper office meeting on Tuesday, March 24, 2009 at 11:00AM EST) bringing our total to $16,766.03. Your company led us to believe that we were going to receive the $13,000.00 that we had requested, and maintain the balance of $3,773.03. If you, or someone else in your company, would have followed their legal obligation of informing us that we would only receive $6,584.85 (0.506%), and you and your company would be holding the remaining $6,415.15 (0.493%), we would have most definitely went another route. I don’t understand how you and your company, fully knowing that we were approximately $13,000 short of finishing the construction of our home, let us apply for the $13,000 we need to finish our house, only to give us half and leave us in the exact same position (if not worse) then we were in before we applied for the increase. We feel that your company intentionally tricked us. We do not like this situation at all and it doesn’t look like it’s going to end favorable. Like we have said before, and like we are saying again now, we do not have the money to pay out and wait for you and your company to reimburse us. On top of those fiascos, you and your company want inspection after inspection after inspection after each “penny” draw for $500 a pop! We already don’t have the money to pay the electricians, the euro-shutter guys, the a/c guys, TECO, Hillsborough County, and all the landscaping things the county requires to obtain the “CO”, and you and your company wants to make the situation worse by charging us $500 for each “penny” draw? All of these inconveniences are going to cause my builder to pass the extension date of August 1st and then we will have to pay you and your company another $150 to receive another extension. Like you and your company aren’t making enough money off the interest we are paying on the mortgage! You and your company LOANED us the money for the house and most of these delays/problems we have been having were cause by you and your company changing our contract managers every couple of months. It’s become pretty clear that you and your company orchestrated these events to keep on ******* us. We aren’t going to suggest anything. Tell us what you and your company is going to do (or not do) to solve this mess, since no matter what we try to do to get things going and get our house finished, you and your company finds another way to **** us. Like the interest we pay isn’t a ******* enough in itself… Pissed Off, Mr. and Mrs. Anonymousi don't the money for a lawyer btw more

Resolved Question: Pissed off at my contract manager...is this letter too mean? review please?

Dear Mr. Contruction Manager, I asked you for a copy of the appraisal back in May and you NEVER answered my email. If you would have answered my email back in May, I wouldn’t have asked Mr. Michael Anthony of the title agency, and Mr. Anthony wouldn’t have told me that you did owe me a copy of the appraisal, and I wouldn’t have had to ask you again. So thank you for being prompt and professional by answering my email 2 months after I originally asked you. It looks like (yet again) that we are back at square one. Suntrust Mortgage has created yet another big problem for us. We are requesting the $6415.15 (which is the remaining portion of the $13,000.00) to pay the contractor’s bills for work/s they have completed and to also obtain their releases to obtain the “CO” from Hillsborough County. Be aware that I do not have the exact amounts for the contractor’s bills. If you want that information, please call Mr. Chris Braglin from Braglin Builders INC. at 813-695-0685. Again, I do not know the exact amounts for the contractor’s bills, so don’t ask me because you already have my answer. These are the contactor’s that I am aware of that need payment: 1)Sal Electric: Electrical contractor that has performed the electrical work for our house. 2)A/C Contractor: A/C contractor that has performed the A/C work for our house. 3)Euro-Shutters: Hurricane shutter contractor that has performed the work for our house. 4)TECO: Local electrical power supply company. A certain amount must be paid before they do the final connection/meter installation to the house. 5)Hillsborough County Government: They require a certain amount of money to be paid for “Impact Fees” and/or etc… before they provide and/or release the “CO”. 6)Landscaping: Hillsborough County Government requires a certain amount of trees, grass, driveway and/or etc… before they provide and or release the “CO”. 7)Others: If any you can obtain those from builder. Before we started the process/hassle to request the $13,000.00, we had an ending balance of $3,766.03 (according to Ms. Irene Hooper office meeting on Tuesday, March 24, 2009 at 11:00AM EST) bringing our total to $16,766.03. Your company led us to believe that we were going to receive the $13,000.00 that we had requested, and maintain the balance of $3,773.03. If you, or someone else in your company, would have followed their legal obligation of informing us that we would only receive $6,584.85 (0.506%), and you and your company would be holding the remaining $6,415.15 (0.493%), we would have most definitely went another route. I don’t understand how you and your company, fully knowing that we were approximately $13,000 short of finishing the construction of our home, let us apply for the $13,000 we need to finish our house, only to give us half and leave us in the exact same position (if not worse) then we were in before we applied for the increase. We feel that your company intentionally tricked us. We do not like this situation at all and it doesn’t look like it’s going to end favorable. Like we have said before, and like we are saying again now, we do not have the money to pay out and wait for you and your company to reimburse us. On top of those fiascos, you and your company want inspection after inspection after inspection after each “penny” draw for $500 a pop! We already don’t have the money to pay the electricians, the euro-shutter guys, the a/c guys, TECO, Hillsborough County, and all the landscaping things the county requires to obtain the “CO”, and you and your company wants to make the situation worse by charging us $500 for each “penny” draw? All of these inconveniences are going to cause my builder to pass the extension date of August 1st and then we will have to pay you and your company another $150 to receive another extension. Like you and your company aren’t making enough money off the interest we are paying on the mortgage! You and your company LOANED us the money for the house and most of these delays/problems we have been having were cause by you and your company changing our contract managers every couple of months. It’s become pretty clear that you and your company orchestrated these events to keep on fucking us. We aren’t going to suggest anything. Tell us what you and your company is going to do (or not do) to solve this mess, since no matter what we try to do to get things going and get our house finished, you and your company finds another way to fuck us. Like the interest we pay isn’t a fucking enough in itself… Pissed Off, Mr. and Mrs. Anonymousi can't afford a lawyer man... more

Open Question: getting my lender to cooperate with Obama's "Home Affordable Modification" plan?

We can't afford to pay our mortgage, along with so many other Americans, and our home is now worth about $60-70K less than we owe, so we can't sell or refi. We contacted our lender back in March '09, and they told us that before they'd consider working with us, we had to be late with a payment...so we didn't pay on time for April, then called them again and they took our income statements, a letter that we wrote indicating what happened to create the situation that we're in, along with our estimated monthly expenses. They told us to expect something in the mail in 30-60 days...it has been more like 80 days now, and no word from the mortgage company. We did not pay June's payment, nor can we make July's payment. In the mean time, we've been weighing our options, considering foreclosure, short sale, bankruptcy, etc...and in our research, we've come across Obama's Making Home Affordable Plan, in which if a loan is owned by Fannie Mae or Freddie Mac (ours is owned by Fannie Mae), then the lender must cooperate with us to make our payments affordable, because the lender was given government funds for the loan. (correct me if I'm wrong with any of this)... Here are the requirements: • Lenders will be required to reduce borrowers’ monthly payments to a maximum of 38% of their gross monthly income. The government has allocated funds which will then be used to bring the mortgage payments down to a maximum of 31% of gross monthly income. • While the formula for reducing borrowers’ payments will vary significantly, the four elements in the equation are; cutting interest rates to a floor of 2%, maturity extensions out to 40 years, forbearance of missed payments and penalties to the back end of the mortgage, and principle reductions to 90% of appraised value of the home. • Financial institutions will receive $1,000 per modification plus $1,000 per year for up to three years providing the borrower keeps up with the modified payments. For paying on time, borrowers will be paid $1,000 per year for up to five years. • Modifications and refi’s will still require that the homeowner is experiencing some sort of hardship. Only owner occupied, primary residences with a maximum loan value of $729,750 are eligible to participate in the program. • Programs will be implemented first at Fannie Mae and Freddie Mac. While participation in the program by financial institutions is optional, any institutions that have accepted bail-out funds will be required to participate in the programs follows their set guidelines. • Both programs will require documentation that the homeowner will be able to consistently make payments. The programs do require hardship, just not too much of it. As far as I can tell, we should be able to qualify on all parameters, but our lender will not take calls about this, beecause they're so backlogged. My concern is that we're required to be current on our payments, but unless they do something to help us, we cannot stay current, and if we do manage to borrow or scrape together the money somehow in order to keep current, we've heard that the bank is less likely to make us a priority since they're still getting their money. What's the best thing to do that this point?Dawn...thanks so much for trying to dash my hopes of avoiding a foreclosure, but Obama's plan is not gone...it's very much around: http://www.makinghomeaffordable.gov/Landlord: the reason we can't pay for june or July is because my hubby lost his high-paying job in March of '08. I was a stay-at-home-mom at the time, 8 months pregnant with our 2nd baby. Since then, I got a PT job while grandma babysits, and my hubby's new job pays much much less than the one he lost...so we've been using up our savings to pay our mortgage and to live on, but we're out of money now...and we know that we can get it down to an affordable level within the parameters of the Making Home Affordable plan. Regardless, my question is mostly concerning the fact that if we keep current, the bank won't talk to us, but if we fall behind, we may not be eligible for the plan. Since we can't force the bank to talk to us, and we can't make the government force them to talk to us, what do we do now? more

Resolved Question: Why do you think my Home Equity Line of Credit request denied?

Only people who work in lending please answer. My background: 200K/yr income. Employed for 9 years at the same very large company. I have 25 years experience in this same occupation. I own my home now for 10 years - have a 170K balance on an original $255K loan - I've been making extra $500/month principle payments religiously since I bought it, so I have something like 70% equity in my home even AFTER the recent drops in house value we've seen recently. My current mortgage payment is 1700/mo. My house has a value of $600K from 2009 recent comp sales. I have no cc debt, no car loan debt, no debt of any kind. I have no late payments on any bills ever. I pay for just about everything by credit card but I then pay the bill off every month ($4-5K mo usually). My credit rating is between 790 and 820 depending on the agency you use. I also have verifiable liquid cash and stock accounts in excess of $200K (this is not retirement money, this is after-tax hard cold cash)... so to me, Id say Im a good bet, no? I recently applied to open a HELOC for 200K and was turned down by Bank of America. They gave me this cryptic explanation "This is no reflection of your credit worthiness, you actually have excellent credit, but you don't have enough trades to meet our internal approval criteria"... I asked for that in english but they wouldn't elaborate or explain what a trade was or how many was enough..only that I didn't have enough. I haven't a clue what that means. Im shocked that Im not considered a good risk considering I actually don't need the money, so Im turning to this answer board for help... what's wrong with the picture? more

Open Question: Is this right with load modifications are banks really letting people get buy with this?

This really upsets me. in 2002 we bought new construction home, our neighbor Bud bought his home the same time same price of 150k each. I put 20k down and got a interest rate of 6.75%, Bud my neighbor did not put anything down and got a 7.5% apr. In 2006 Bud got a cash out refinance and cashed out 60k but his new rate was 8.75. With that extra income he bought a boat, went on exotic vacations, big pool in his back yard. he tried to convince us to line us up with his lender at Saxon mortgage so we could cash out. I did not feel like it we have nice things as both myself and my wife worked our tails off. A year ago Bud was laid off of his job he then stomped around, well a few months later he got another job that paid him much more and he was back to spending. Three months ago he tried to modified his loan with Saxon mortgage, they came back and said his income is enough to support his payments. He waited six weeks to file again but he made up a check stub showing a lower salary and also threaten if they do not help him he will walk away from the home. The home is worth now 130k. Well the company gave in and agreed to modified his rate to 3% 800 dollars off a month, his payment is now lower then my payment. He is planning on taking his wife to Bali this winter with the savings. In my opinion it is like he stole 80k., is this what banks are doing more

Open Question: Are loan modifications there to help or open it up for people to play games?

This really upsets me. in 2002 we bought new construction home, our neighbor Bud bought his home the same time same price of 150k each. I put 20k down and got a interest rate of 6.75%, Bud my neighbor did not put anything down and got a 7.5% apr. In 2006 Bud got a cash out refinance and cashed out 60k but his new rate was 8.75. With that extra income he bought a boat, went on exotic vacations, big pool in his back yard. he tried to convince us to line us up with his lender at Saxon mortgage so we could cash out. I did not feel like it we have nice things as both myself and my wife worked our tails off. A year ago Bud was laid off of his job he then stomped around, well a few months later he got another job that paid him much more and he was back to spending. Three months ago he tried to modified his loan with Saxon mortgage, they came back and said his income is enough to support his payments. He waited six weeks to file again but he made up a check stub showing a lower salary and also threaten if they do not help him he will walk away from the home. The home is worth now 130k. Well the company gave in and agreed to modified his rate to 3% 800 dollars off a month, his payment is now lower then my payment. He is planning on taking his wife to Bali this winter with the savings. In my opinion it is like he stole 80k., is this what banks are doing more

Open Question: When a mortgage servicer is transferred, does an assignment need to be filed with the county?

Ie, original mortgage SERVICER was Homecomings FInancial. We received a letter stating that "your mortgage loan, that is the right to collect payments from you, is being assigned, sold, or transferred from Homecomings Financial, LLC ("Homecomings Financial") to GMAC Mortgage, LLC (GMAC Mortgage). Please note that GMAC Mortgage and Homecomings Financial are affiliated companies. The only change to your mortgage account will be the name of your loan servicer." In THIS particular case, will Homecomings Financial need to file an assignment with the county clerk listing GMAC Mortgage as the new servicer? more

Open Question: FHA credit check bill to borrowerer?

Hi, I'm about to apply for an FHA loan and they want to bill the credit report to me. Does the mortgage company usually bill the borrower to run a credit report? more

Voting Question: If your name is on the deed of a mortgage, and not the loan, and you did not sign any papers, can they forclos?

Can the mortgage company foreclose on you? more

Resolved Question: How long will my mortgage stay at the underwriters?

I got pre-approved for a 100% USDA mortgage last month and made an offer on June 4th. I completed all the paperwork with the mortgage company on June 10th. My realtor told me last Thursday that we were almost ready to close that the loan was submitted to underwriting. I left a message with my mortgage company to see where we were at and they left me a message only telling me that it was in underwriting. How long does it typically take in underwriting? more

Voting Question: What do you think of this quote from the New York Times from 1999?

Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans. ''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.'' Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market. In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's. ''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.'' http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260 more

Voting Question: When does the clock start ticking in a short sale?

We are waiting to hear back from the seller's lender (Everhome Mortgage). Originally the mortgage company said it would take 30 to 45 days to make a decision. They've had our information for about a month, but just assigned a negotiator two weeks ago. At that point, the lender said they would order a BPO, which would take about a week, and then they would make a decision. So, now it's two weeks later and the seller's Realtor is telling me that it will be 30 to 45 days from the time the negotiator is assigned. Does this sound right? What will happen with the closing date set for July 15th? We only have about 3 weeks until our loan rate & insurance quote expires as well.David, The seller supposedly was in contact with his lender about a BPO before we made an offer on the house 5 weeks ago. The home has been for sale since late February and has gone from $234000 in asking price to $169000. Our bank ordered the appraisal about 4 weeks ago. I'm checking on the status of that today. So it could be 30 days for a decision and then another 30 until closing? Oh goodness!The appraisal has not been done by our bank. They are waiting on final approval from the seller's lender. Makes sense. There is no reason to pay to have an appraisal done on a house that cannot be purchased. Our lock-in rate expires July 24th. The bank says we can extend the rate, but there is a fee for that and the longer the extension, the higher the fee. I feel like I'm in a time crunch! more

Voting Question: Are origination fees required in Missouri?

The loan officer for my mortgage company says that they do not normally charge an origination fee for a home loan, but there was one on my GFE and when I asked about it, she said that I was in one of the 4 states that require an origination fee. I live in MO and will be staying there. Some other states she listed were MA and NY, I don't remember the 4th one. The fee is $575, which is not bad, considering my loan is for $200k. She also told me that it would have been $1800 if I was in NY! But I cannot find anything online that discusses any state requirements and was wondering if anyone else knows anything about this? thanks in advance! more

Resolved Question: Is JP M Chase the only company that can refinance Freddie Mac loans?

I went into my local branch yesterday, and the mortgage specialist said Chase was the only institution that can work with Freddie Mac mortgages. Of course he has a vested interest in telling me that, and it sounds fishy, especially because he said I would be charged US 4000, which sounds like a very typical refinance fee. more

Voting Question: Career advice? What next job should I get?

I just quit a 2 year teller job. Before that I was an administrative assistant in a small company, and also, a junior mortgage processor for a little over 2 years. Banking seems a very low paying job (and VERY stressful), and even though I was an excellent employee there were no opportunities for me to grow. I have a european accounting degree, I got it awhile ago though (in 1999) and never got any related experience due to moving from europe to the US. I'd like to become an accountant, but all the accounting jobs require experience. Any advice? I could also work for a loan modification company, since I have mortgage experience, but they are looking for someone who already has experience with modifications (and I have no clue). I feel frustrated. I know I could go to a small bank and be a teller again and try to get promoted but it seems like a total waste of time. Any advice how I could get a/p or a/r job? Or what do you think I should do? Thank you for your time and effort. more

Voting Question: Could someone familiar with west law help me with search terms for this short scenario?

I'm a crim justice student so we get west law, I'm trying to narrow down case law and find more relevant cases without going threw 1,000. I'm in NJ, I had a lease in place for 3 months with 1st month and security paid. Landlord breaches the lease on my move in day saying he never got approval from his mortgage company to make his primary residence a rental property (part of a loan modification). He says he didn't tell me until move in day because he was optimistic he could get it resolved... he didn't. He said he can't let me move in because he could lose his house without the approval. He said he knows he's liable for damages but him losing his house is higher on the ladder he was negligent to find out any of this until the very last minute. I'm suing him for damages including temporary living, storage, and my lease differential for similar living conditions (I'm actually downgrading and it still costs more I had a good deal). I plan on going to small claims court and I want to ensure I get the lease differential I know it's iffy... It's about 2,500. I need to be able to throw case law at the judge if she is a landlord based lawyer so she just doesn't try and award temporary living as damage and storage. I want the lease differential. My breached lease was for a 2br 2bath 1500+ sq ft luxury condo granite countertops the works all for 600 a month utilities included. Landlord’s reason was he was moving out of state on business and just wanted someone to watch the place. I can't even find a 1 br for less then 850 plus utilities, that's a huge differential I'll be paying for the new 1yr lease due to the breached lease and I'm actually downgrading my living conditions. The lease has no clause relieving him of his contractual responsibilities in the sense if he breaches without 30 days notice he's responsible for damages. I'm not going to sue for damages until all of my damages are established and I have a new 1 yr lease in place proving concrete damages due to the 1 yr breached lease giving me notice on move in day. The landlord breached the lease on move in day and gave me back my security deposit 2 weeks later saying it must have got lost in the mail... he sent it certified 2 weeks later... as I understand he only had 5 days max to return it if he voids the contract. What terms should I search to help me?I really just want to ensure I get the lease differential that's my most substantial damages.I know some judges favor landlords, while I'm certain I'll get the lesser damages... the judge may try and wrongfully dismiss my lease differential damage aspect in which case I would fire back with case law because that damage is close to 3k with new places I'm looking at. more

Resolved Question: anybody with mortgage approval knowledge?

In short- my mom (only 58) is planning on selling her house (too big to take care of, she lives alone) She would like to purchase a home with my husband and our kids. An In-law. Currently, we rent our home. We have never owned a home or even attempted to. We were always concerned that we would never get a loan. My credit score is 690 my husbands is 650...neither of us have BAD credit, however we do have some unflattering issues. I don't believe these issues will be looked at too harshly since of all my loans (credit cards,car loan) I have never been late paying on them. Its more about the fact that our cards are usually maxed out. But we still make the payments and we usually pay double the minimum. What concerns me about being approoved is our employment history. I have been at my job for 15 months-however the company I work for I have been under their 'Name" for the last 6 years-I just moved to a different division of the company (however it is a seperate pay roll) I"m not sure if this would have any bearing what so ever on my history. Another thing is my husband just started his new job in May. Prior to that he was deployed out of country (National Guard), prior to that he had been in construction working odd jobs here and there but nothing really stable. So, his employment is splotchy (aside from the military which he has been "employed" with for over 14 years.) Would his military history have any bearing on his history of employment? Since he has only been on the job for a month will his time served in military help him out? The situation that my mom is in, and the fact that we found a house that we want is giving us little time to 'fix' things or build up employment. We want this now not later. The house is a HUGE fixer upper (no kitchen/bathroom etc...) so there is no way the VA is going to approve us getting a loan for it. I will be looking into it of course through a bank...my sister in law is a real estate agent and is the assistant branch manager at a small town bank...so I will end up applying and so on...but I'm just curious now about what other peoples' thoughts are on the info I have given...from people who actually have a good understanding about loans and mortgages (because I don't). My husband is very worreid we won't be able to and therefore he just doesn't want to try-but I say-whats the harm in trying...the worst that can happen is...we don't get a loan!well heres' why we want the house. It sits on 1.18 acres of land. And the cost is $195,000...ridiculously low for the Boston area. My husband and I can't afford to buy a house above $260 say (and thats even too high) and in our area...we'd be getting crap for that amount....might as well buy a house that has decent property. My mom would be using the money she makes from her home to help us fix it (if we can get it) I would love to buy a "better" home, but its just not possible. The homes around here are still in the 450-500 range (if you want something decent) And like I said, we're looking for a home with potential in-law... more

Voting Question: Process of selling real estate property if it has a fraudulent loan?

A property owner hires a realtor to sell a condo. The realtor tells the owner that records show a deed of trust for a loan. The owner says he was not aware of this loan and it is definitely not his (it is fraudulent). 1.Is the realtor allowed to list the property anyway? 2.If the unresolved alleged/fraudulent deed of trust problem delays the close of escrow and therefore costs the seller money (seller paying mortgage + property taxes for an empty property and realtor says renting it out temporarily may violate the contract because the property should be empty 5 days before escrow closes) (and nobody knows how long before escrow closes), is the realtor not liable for any of these costs? Escrow is ready to close except for the fraudulent loan problem. Escrow offers to close escrow and hold the $ amount of the alleged/fraudulent loan for 8 days, or the title company will hold it for 30 days (or escrow offers 30 days and title company offers 8 days) while the seller and lender come to an agreement on whether the money is owed. The seller asks escrow what happens to the $ if that many days passes and there is no agreement. Escrow says the $ goes to the lender. Therefore, the seller refuses this option. Then the realtor, the broker, escrow, and the buyer’s agent all tell the seller that because the seller is refusing this option, the seller is holding up the close of escrow and therefore violating the contract. The seller’s realtor informs the seller that both realtor commissions are now due. The buyer’s agent files for mediation – seller does not know for what yet. After some time, seller ends up hiring a lawyer and alleged lender agrees to have $ in question placed in a separate account with the attorney. Escrow closes. 3.Does seller have less chance of getting her money back because the issue will be resolved after escrow closes? And if so, would the seller’s agent, the seller’s broker, and the escrow company have any liability for telling the seller she needs to close escrow before resolving the alleged/fraudulent loan problem?I am the seller. I was not aware the deed of trust (lien) existed before the realtor informed me. It is absolutely fraudulent. Then alleged lender is the loan officer I used in 2003 for 3 real estate purchases. He put the lien on the first property months it had already closed. At the time he put the lien on the property, I was in escrow with another property which I signed loan doc's for and was told I'd get copies of but never did because the price of the property changed during escrow and i had to sign all new doc's. It is absolutely fraudulent, and I feel like my only option is to sue the loan officer and hope to win. He is a very bright man and I'm pretty sure will have the whole story covered from beginning to end including any doc's needing my signature. Just a side note...I have asked him twice (for a copy of the front and back of the check that he says I cashed at his bank on a certain date. He has not responded to my emails...Is it possible that someone could pose as me and get away with forging and cashing a check for over $20 thousand dollars? If so, are there any other records I can get to help prove I never got that check?Thank you for your valuable feedback. Escrow has closed and the disputed funds have been set aside in a separate account. The alleged lender now has an address out of state. Wow. I never thought something like this would happen to me. more

Resolved Question: Career advice? What next job can I get?

I just quit a 2 year teller job. Before that I was an administrative assistant in a small company, and also, a junior mortgage processor for a little over 2 years. Banking seems a very low paying job (and VERY stressful), and even though I was an excellent employee there were no opportunities for me to grow. I have a european accounting degree, I got it awhile ago though (in 1999) and never got any related experience due to moving from europe to the US. I'd like to become an accountant, but all the accounting jobs require experience. Any advice? I could also work for a loan modification company, since I have mortgage experience, but they are looking for someone who already has experience with modifications (and I have no clue). I feel frustrated. I know I could go to a small bank and be a teller again and try to get promoted but it seems like a total waste of time. Any advice how I could get a/p or a/r job? Or what do you think I should do? Thank you for your time and effort.I'm in California more

Open Question: Mortgage loan modifacation.?

Do you automatically dis-qualify if your mortgage payment does not equal or excede 31 % of your monthly gross income Are there mortgage modifacation companies that require payment only if they get some results? more

Voting Question: Is this predatory lending and should I take legal recourse?

My mortgage company, out of the blue, offered to pay my property tax, as I didn't have an escrow account for taxes. I pay my property tax a little late each year because i pay it with my tax returns late March early April. The mortgage company sent me several letters telling me it was something they recommend. I thought about it, discussed it with my wife and decided to let the mortgage company pay my property taxes thus setting up an escrow account for the years to come. The mortgage company paid the city roughly $1700. My mortgage was about $393 a month before the mortgage company paid the taxes. I received a letter in the mail telling me that my monthly mortgage payment will be increased to $918 a month. I couldn't keep up with payments and have had only financial crisis every since. I was never told the $1700 would be due immediately the same year. I thought it would be stretched out over the life of the loan. The whole deal seems awful sinister to me. more

Open Question: Forbearance agreement. What will it show on credit report?

My husband's ex wife has made a forbearance agreement with her mortgage company. My husbands name is still on the loan because she cannot refinance. Right now his credit report shows that she is 2,800 behind. How long will it take to show current on his credit report. We are trying to get a loan to buy a house and the bank says as soon as that shows current that can give us a loan. more

Voting Question: If I surrender my house in PA. to the mortgage company, I'm I still financially responsible for something?

The house is about to be condemed for mayor plumbing problems and the mortgage company will not aprove me a loan because I already owe $20,000 more than the house is worth. I need another 20,000 to fix the problem.I've been living in the house for 6 years and I already talked to an atorney 3 months ago to find out if we could do some thing agaist the previous owner but the person is dead now. more

Resolved Question: Do I have to refinance under my circumstances?

My mother filed a quitclaim deed with "rights of survivorship". Will I have to refinance the house when she passes away or can I assume the mortgage if I am put on the actual deed with the company?Recently, Country Wide was taken over by Bank of America. When Country Wide had the mortgage, they informed us that even when my mom dies all that they care about is that the house payments are made. I have no desire to sell the home or rent it but I have found conflicting information on the internet about this issue. Does anyone have a similar situation? I don't anticipate her passing away very soon but if I am going to have to actually get a loan I will have a tremendous amount of work to do in order to qualify.Thank you all that replied to my question. Today I was able to get the proper information from our current mortgage company. I do not have to refinance the home. I will simply make the payments. According to Bank of America, this is called a simple assumption of the mortgage. Thank you again for your help. more

Open Question: Do you know of any loans that fits this description? If so, what's the name of the company(s) that offers it?

Here's the situation: Imagine you have 8 credit card debts totaling $20k or more and you also have a mortgage. You are thinking about consolidating them all into one monthly bill. And this is what you want from the bank: 1) It has no application fees or any upfront fees to pay (such as appraisals on your home). 2) No PMI (Private Mortgage Insurance) 3) An equity builder plan with an interest rate reduction that will accelerate your debt payments and get you out of debt sooner. 4) No prepayment penalties 5) A no fee bi-weekly payment 6) It uses simple interest vs schedule interest 7) It has no escrow (so you would have to set up an account on your own and use it as if it was an escrow). Escrow is used to pay for property taxes. Unfortunately, with a mortgage company, they only pay it once a year. Most of us that own a home pay property taxes on a quarterly or semi-annual basis. 8) It shows you an amortization schedule. 9) No obligation to accept the loan if you qualify. more

Voting Question: Could someone give me a real phone # for US Mortgage Protective Services, supposedly headquartered in FL?

I read the comments here and decided to allow them to deduct $24.95 from my account for a background check. "Brandon Cooper" (who advertised as a hiring manager on Craigslist) hasn't returned my phone calls or emails. Perhaps the people who commented positively on this site were part of his SCAM. If that employee actually workED for them, why did he discontinue? Why isn't the company listed in ANY of the directories? They are a registered LLC in FL but anybody could be registered and fraudulent, I was told. I gave them my funds for the background check because there has been dishonesty with some loan officers and on the very convincing conference call, they promise to reimburse you on your first check. He definitely knew how to exploit the lack of integrity in the industry! "Brandon Cooper" ran the ad for the Atlanta area. I wish I could respond to the initial question that was asked about them on your site. Please don't allow THESE SCAMMERS to swindle you out of your money! I will be contacting the authorities as well. more

Voting Question: Do i still owe my mortgage company the money?

For some reason it recently occurred to me that i may not have actually signed my mortgage agreement. I've been paying my mortgage for nearly 4 years. I took a together product that gave me a £118000 mortgage with a £10,000 loan. I only remember actually signing the credit agreement for the loan and i have a copy of that. When i asked the mortgage company to send me a signed copy of my mortgage agreement they just sent me the signed £10,000 loan agreement. It may be a bit of a long-shot but is there any way if they can't produce an agreement that i have signed that the mortgage part of my loan could get written off? more

Resolved Question: Negative Equity how to solve it?

Hi All, Just got a letter from my solicitors with regards to my house sale ( i think its some sort of statement of how the payment works) and although the mortgage will be fully paid off our secured loan on the property will make us in the negative by £7,000. I went to the estate agent yesterday and they called the solicitors and they advise that we should call our loan company to see if they will be happy to make the loan into an unsecured loan (we hope to move into rented property). Failing that could we negotiate with the solicitors to arrange a monthly payment plan? Thanks. more

Voting Question: Does the Lending Insitution hold the Mortgage Note?

The new lending institution my parents are using for refinance is requesting a copy of the "Mortgage Note" from the current Mortgage company. I know it's documentation to repay a loan at a stated interest rate and period, but I don't think a copy is part of the original closing papers, so do we request this ' copy' from the current mortgage holder? Thankyou in advance. thanks more

Resolved Question: Do you know all this about Michael Jackson?

Jackson Lived Like King but Died Awash in Debt AP, Jun 26, 2009 5:00 am PDT Michael Jackson the singer was also Michael Jackson the billion-dollar business. Yet after selling more than 61 million albums in the U.S. and having a decade-long attraction open at Disney theme parks, the "King of Pop" died Thursday at age 50 reportedly awash in about $400 million in debt, on the cusp of a final comeback after well over a decade of scandal. The moonwalking pop star drove the growth of music videos, vaulting cable channel MTV into the popular mainstream after its launch in 1981. His 1982 hit "Thriller," still the second best-selling U.S. album of all time, spawned a John Landis-directed music video that MTV played every hour on the hour. "The ratings were three or four times what they were normally every time the video came on," said Judy McGrath, the chairman and CEO of Viacom Inc.'s MTV Networks. "He was inextricably tied to the so-called MTV generation." Five years later, "Bad" sold 22 million copies. In 1991, he signed a $65 million recording deal with Sony. Jackson was so popular that The Walt Disney Co. hitched its wagon to his star in 1986, opening a 3-D movie at its parks called "Captain EO," executive produced by George Lucas and directed by Francis Ford Coppola. The last attraction in Paris closed 12 years later. One of Jackson's shrewdest deals at the height of his fame in 1985 was the $47.5 million acquisition of ATV Music, which owned the copyright to songs written by the Beatles' John Lennon and Paul McCartney. The catalog provided Jackson a steady stream of income and the ability to afford a lavish lifestyle. He bought the sprawling Neverland ranch in 1988 for $14.6 million, a fantasy-like 2,500-acre property nestled in the hills of Santa Barbara County's wine country. But the bombshell hit in 1993 when he was accused of molesting a 13-year-old boy. "That kind of represents the beginning of the walk down a tragic path, financially, emotionally, spiritually, psychologically, legally," said Michael Levine, his publicist at the time. He settled with the boy's family, but other accounts of his alleged pedophilia began to emerge. When he ran into further financial problems, he agreed to a deal with Sony in 1995 to merge ATV with Sony's library of songs and sold Sony music publishing rights for $95 million. Then in 2001, he used his half of the ATV assets as collateral to secure $200 million in loans from Bank of America. As his financial problems continued, Jackson began to borrow large sums of money, according to a 2002 lawsuit by Union Finance & Investment Corp. that sought $12 million in unpaid fees and expenses. In 2003, Jackson was arrested on charges that he molested another 13-year-old boy. The 2005 trial, which ultimately ended in an acquittal, brought to light more details of Jackson's strained finances. One forensic accountant testified that the singer had an "ongoing cash crisis" and was spending $20 million to $30 million more per year than he earned. In March of last year, the singer faced foreclosure on Neverland. He also repeatedly failed to make mortgage payments on a house in Los Angeles that had been used for years by his family. In addition, Jackson was forced to defend himself against a slew of lawsuits in recent years, including a $7 million claim from Sheik Abdulla bin Hamad Al Khalifa, the second son of the king of Bahrain. Memorabilia auctions were frequently announced but became the subject of legal wrangling and were often canceled. Time and again, however, Jackson found a way to wring cash out of high-value assets, borrowing tens of millions at a time or leaning on wealthy friends for advice, if not for money. Al Khalifa, 33, took Jackson under his wing after his acquittal, moving him to the small Gulf estate and showering him with money. In his lawsuit, Al Khalifa claimed he gave Jackson millions of dollars to help shore up his finances, cut an album, write an autobiography and subsidize his lifestyle — including more than $300,000 for a "motivational guru." The lawsuit was settled last year for an undisclosed amount. Neither the album nor book was ever produced. Another wealthy benefactor came to Jackson's aid last year as he faced the prospect of losing Neverland in a public auction. Billionaire Thomas Barrack, chairman and CEO of Los Angeles-based real estate investment firm Colony Capital LLC, agreed to bail out the singer and set up a joint venture with Jackson that took ownership of the vast estate. Barrack was unavailable for comment Thursday, but referred to the singer in a statement as a "gentle, talented and compassionate man." A final piece of the financial jigsaw puzzle fell into place in March, when billionaire Philip Anschutz' concert promotion company AEG Live announced it would promote 50 shows in London's O2 arena. Tickets sold out, and the first show of the "This is It" tour was s more

Resolved Question: We are behind on our mortgage and the mortgage company is ready to forclose. What options are there for me?

I dont have the money they are seeking up front cause there was a lapse in our employment but we are now going to be okay but dont have thousands of dollars to give them but are willing of course to resume payments but I think its to late ?I dont want to lose the house. I live in GA . Are there any other options I might have ? I dont want to pay a loan mod company a whole bunch of money for this but I need to move kinda quickly. Im not in foreclosure yet but any day now. Any advice ? more

Resolved Question: Pre-approval for a home loan, do we need to go with the same lender for the loan as we do forthe pre-approval?

We are currently in the process of getting pre-approved through a private mortgage company, but we do not want to necessarily borrow the loan from that same lender, we would like to shop around more to see competitive interest rates. We feel like this broker is making us sign a lot of documents so we don't want to lock ourselves into anything other than the pre-approval. So my question is, can we just pick any lender to do the pre-approval, or do we have to actually decide who we want to borrow the loan through before we get pre-approved? more

Resolved Question: What are the advantages of using a mortgage loan modification company over doing it yourself?

My payments are unsustainable and I need to deal with it or I'll be dealing with a foreclosure soon. more

Voting Question: How do you take over a mortgage?

I called this company New Line Equity at 805-979-9942. They told me that I could take over a mortgage simply by clearing a few months of backpayments, taking the title into my name, and then paying onto the loan as the new owner of the property. I asked them if the bank cared if there was a new owner on the property, they told me that the bank does not care who is making the monthly payments in today's market. I spoke with a wonderful rep named Angel and I want to call them back and sign up but was wondering first if anyone had ever done this before. Thanks! more

Voting Question: Are there any Mortgage companies in Atlanta,Ga. willing to train newcomers in Loan Processing and Underwriting?

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Resolved Question: questions regarding personal assets and who can find them?

With so many data bases out there that most companies use to obtain info, I was wondering what pro's can find out about people finances. But say if someone was checking my personal assets, how much can they find out? Do they just get access to my credit reports which list all credit cards, loans, mortgage, and if any liens and/or judgments. Can they find out if you have a checking/savings account? if so, how much in those accounts? What about if you have several retirement accounts with a broker or other financial instituion? what about if all of the assets are in both names? with privacy laws being what they are, i know unless you sign an authorization they cannot access certain records. but it would not surprise me that more personal info is out there, that i would have no clue is there and be seen by others. any guidance on what to do to protect myself? more

Resolved Question: What should I do about my mortgage?

My husband & I bought a house 2 years ago. We bought a home at the top of the scale, meaning I had a set amount of what I wanted to spend on a house & didn't want to go over my set amount, the house is at the top of the set amount. I have recently lost my job(actively trying to find another one) & the bills are coming in fast. I feel like this house payment is too much for us now, we are always behind & can never get everything caught up. Houses are not selling around here, so I am sure that even if we did try to sell the house, we probably couldn't sell it anyways. I have talked to my mortgage company, Wells Fargo, & we are trying to do a loan modification... whatever that is?!? If we do dont get the modification from Wells Fargo are there any other options that I have? We cannot refinance because we haven't been in the house long enough, & I am sure we have bad credit now because we have been late so many times this year. Basically, I am wondering if anyone out there might know of any other options I might have besides selling the house or letting it go into foreclosure? more

Resolved Question: Do I have to miss at least 2 mortgage payments before the mortgage companies are willing to renegotiate?

I have a primary residence that is privately financed by the owner. The houses that I want to negotiate the terms of the loan such as lowering interest rates are my 3 rental properties. All 3 of the rental properties are financed through Bank of America (originally done by Countrywide). more

Voting Question: What should I pay for an Infiniti G37?

Hi,....I'm trying to purchase an Infiniti G37 Coupe (journey edition), no extra features. Or even possibily the base model. I have a credit score of 717(great-by infiniti's standards), never missed a payment on any of my credit cards(3), always paid the minimal or over, I don't pay rent, I don't pay a mortgage, the only bills are my credit cards(when I use them). I also make 2,400 a month, and about 30,000 a year. With proof...:-) So, with that being said, how much should I put down on this car to get my monthly note to be comfortable (400 hundred- 500)? The insurance would be 300 dollars with the company I'm going to go with. No problem. But I'm just wondering would the dealership be interested in lowering my note? I mean, most people try to negotiate the price, but I'm not worrying about price, I want to negotiate the note, which allows it to be affordable for me. I also want to do a 72 month loan period. I was going to try and put 4 to 5,000 down on the car to start. The infiniti payment calculator puts my monthly note at about 500 something. So hey, give me some info. Thanks everyone.......With everything i said in consideration,...what kinda of downpayment can I get away with? Would 4 to 5 thousand get my note around 500 something? more

Voting Question: Filing for small claim lawsuit (Pls see below for detail)?

I submitted an offer for a foreclosure house on 5/21/09 and my offer was accepted on the 25th. I then submitted a $6000 deposit to the title company. But the problem is I found out my mortgage lender needs 45-60 days to process my loan due to heavy document load, which is a longer than the closing days in put on the offer application. I asked for extension, but got denied. So, I had no choice to submit an cancellation notice. On my offer application, I did put in 7 days for inspection contingency, and 7 days for loan contingency. My cancellation was submitted on day 12. The problem now is the seller is not returning my signed cancellation, nor the cancellation form from escrow. My agent had tried several times contacting the seller's agent on phone and email, but they deny to response. It has been two weeks already since I submitted the cancellation form. My question are: how long does it usually take for this kind of deposit refund? Should I file in small claim court? How much should I ask for? What is the process? Who am I sueing, the seller's agent,or the property owner (the bank)? Please kindly advice. Thanks.I am from Union City, CA, and the house is in Newark,CA FYI.Dear Roger, I was still under the 7 days loan contingency period when I submit the cancellation, why is this a violation? Supposed I have 7days for inspection, then another 7 days for loan. more

Voting Question: Where do I get a house title?

I've recently paid off my mortgage loan but never got the house title paper. When I called the mortgage company they ended up sending me a copy of my reconveyance/release paper. Is that the same thing as the house title? If not where do I get an original copy of the title? This is my first house and I'm very new at this. I really have no idea what I'm doing. Any help would be appreciated. more

Resolved Question: when purchasing a home if you accept a bond loan from a mortgage company are you still eligible for 8K taxcre?

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Voting Question: Obama says - "While I'm not spoiling for a fight, I'm ready for one."?

http://news.yahoo.com/s/ap/20090620/ap_on_go_pr_wh/us_obama_consumers What in the world?!?! He's trying to MAKE the people in Washington do what he says??!! Isn't this ILLEGAL?!!? Don't the people in Washington have a LEGAL RIGHT to NOT do what he says?!?! I'm not asking if what Obama is wanting is right or wrong, good or bad. I'm just asking if it's illegal, him trying to MAKE them do what he wants. WASHINGTON – President Barack Obama said Saturday that current financial rules exploit consumers and he put critics of his proposed overhaul on notice: "While I'm not spoiling for a fight, I'm ready for one." Obama used his weekly radio and Internet address to defend his recent proposal, which is intended to prevent a repeat of the breakdown that has sent the U.S. economy reeling. But such major changes face a fight in Congress and opposition from some leaders in the banking and insurance industries. In the address, Obama focused on a consumer watchdog office that he wants to set up. "This is essential," Obama said. "For this crisis may have started on Wall Street. But its impacts have been felt by ordinary Americans who rely on credit cards, home loans and other financial instruments." The Consumer Financial Protection Agency would take over oversight of mortgages, requiring that lenders give customers the option of "plain vanilla" plans with clear and affordable terms. "It will have the power to set tough new rules so that companies compete by offering innovative products that consumers actually want and actually understand," Obama said. "Those ridiculous contracts — pages of fine print that no one can figure out — will be a thing of the past. You'll be able to compare products, with descriptions in plain language, to see what is best for you." More broadly, Obama's changes would begin to reverse the easing on federal regulations pressed by President Ronald Reagan in the 1980s. Democratic leaders in Congress are promising legislation will get passed this year, but that depends in part on how Congress answers big questions about the overhaul, including the role of the Federal Reserve. "I welcome a debate about how we can make sure our regulations work for businesses and consumers," Obama said. "But what I will not accept — what I will vigorously oppose — are those who do not argue in good faith." By that, Obama said, he meant those who defend the status quo at any cost. He didn't name any people or organizations, but said special interests are already mobilizing to fight change. He called that typical Washington. "These are the interests that have benefited from a system which allowed ordinary Americans to be exploited," Obama said. The president said he would stand up for his plans, saying: "While I'm not spoiling for a fight, I'm ready for one. The most important thing we can do to put this era of irresponsibility in the past is to take responsibility now." more

Resolved Question: Financial accounting true or false help?

1.Bond interest paid by a corporation is an expense, whereas dividends paid are not an expense of the corporation. 2.Financial leverage refers to the practice of borrowing at one rate and investing at another. 3.Neither corporate bond interest nor dividends is deductible for income tax purposes. 4.Secured bonds are issued against the general credit of the borrower. 5.The corporation issuing the bonds does not journalize transactions between the bondholder and other investors. 6.If bonds are issued at a discount, the issuing corporation will repay an amount less than the face amount of the bonds on the maturity date. 7.If $180,000, 9%, bonds are issued on January 1, and pay interest semi-annually, the amount of interest paid on July 1, will be $8,100. 8.The debt to total assets ratio measures the degree to which a company’s assets are financed internally. 9.Instalment notes with blended principal and interest payments apply a fixed amount to the principal balance of the note with each payment. 10.A long-term note that pledges title to specific property as security for a loan is known as a mortgage payable. more

Resolved Question: how do i serve a writ against my mortgage lender for mis-information?

1. Basically refused top loan only ask for £15,000, NO explanation 2. They then paid off £70,000 in mistake on the mortgage , reduced monthly payment, when I enquired refused to acknowledge or reply.It took 3 months AFTER I chased the issue for the correct figures being re-instated. 3. By this time it was too late , as I was applying for additional funding loans, re-mortgage got an offer from the Abbey, but had to decline as they had conducted reaches on the WRONG figures being supplied by the Halifax. This escalated by total refusuals from any potential lender . Thanks to he Halifax Iwas made to look fraderlant and dis-honest. 4. They have ruin my credit rating which may never be restored to it's xorrect level. 5. Have left me in financial ruin, with no one to turn to. 6. Caused no end of family stress and grief. 7. The Halifax have NEVER apolgise or reply to numerous numbers of complaints , I even pleaded with them to write to the Abbey, and ALLthe other company to explain THEIRmistake or just a coverinfg letter to explain what had happened but again NO reply ever. 8. I need to be compensated for theHalifax ruining my life. more