Open Question: Will buying house in NYC affect my mother (62) eligibility for any type of medicare or other import. program?

We want to buy a co-op or a house for her in Queens, NY. I will be paying most of the mortgage. Currently both of us are renting. The reason why I want her to buy it, is because, I'd like, if I can afford it, to buy another house for my family in several years. But I realize that with two mortgages, my interest rate would be very high (for the second mortgage). Also she could qualify for SUNYMAY program, which I can't. But I don't want to do this if it will affect her eligibility for any important medical program like Medicare (I realize there several levels of Medicare) or assisted-living programs. I already checked that it will not affect her SS eligibility, but I see contradictory information on Medicare - I think it's state-specific. It seems to be a very important decision, and can't find the info. Please help. more

Resolved Question: Gastric Band..........?

Im 23 yrs old and Ive battled against my weight all my life and Im sick of it. I have tried everything, u name it and Im sure I have gave it a shot. Diet pills, gym, healthy eating, slimming clubs, detoxing etc etc. If I was to ask my doctor for the gastic band operation (the 1 that you are in one day and out the next) the 1 that takes place via key hole and involves just a small band around a portion of your stomach. I wouldn't want the major operation as this version is reversable and your body can return to normal if there are any complications. My question is, do they do this operation on the NHS. I live in the UK. I pay my taxes and national insurance so im as eligible for medical treatment as what anyone else is. I aint sponging of the government or claiming for a second mortgage that doesn't exist like all them govement ministers. I weigh 16 stone, aged 23. Has anyone had this operation, or have any helpful information to share more

Resolved Question: Would asking my doctor be worthwhile?

Im 23 yrs old and Ive battled against my weight all my life and Im sick of it. I have tried everything, u name it and Im sure I have gave it a shot. Diet pills, gym, healthy eating, slimming clubs, detoxing etc etc. If I was to ask my doctor for the gastic band operation (the 1 that you are in one day and out the next) the 1 that takes place via key hole and involves just a small band around a portion of your stomach. I wouldn't want the major operation as this version is reversable and your body can return to normal if there are any complications. My question is, do they do this operation on the NHS. I live in the UK. I pay my taxes and national insurance so im as eligible for medical treatment as what anyone else is. I aint sponging of the government or claiming for a second mortgage that doesn't exist like all them govement ministers. I weigh 16 stone, aged 23. Has anyone had this operation, or have any helpful information to share more

Resolved Question: Would asking get me anywhere?

Im 23 yrs old and Ive battled against my weight all my life and Im sick of it. I have tried everything, u name it and Im sure I have gave it a shot. Diet pills, gym, healthy eating, slimming clubs, detoxing etc etc. If I was to ask my doctor for the gastic band operation (the 1 that you are in one day and out the next) the 1 that takes place via key hole and involves just a small band around a portion of your stomach. I wouldn't want the major operation as this version is reversable and your body can return to normal if there are any complications. My question is, do they do this operation on the NHS. I live in the UK. I pay my taxes and national insurance so im as eligible for medical treatment as what anyone else is. I aint sponging of the government or claiming for a second mortgage that doesn't exist like all them govement ministers. I weigh 16 stone, aged 23. Has anyone had this operation, or have any helpful information to share more

Voting Question: Anyone else have difficulty getting their Annual Credit Report?

For the past several years, I have encountered difficulty getting the free annual credit report from the credit bureaus. For "security purposes", they each ask some questions ( 2 or 3) to verify my identity -- one always involves a mortgage -- and I always give the correct response (I don't have a mortgage). This renders the other question/s about the mortgage inaccurate as well. Regardless, I have continually gotten the message (after declining to purchase additional services), that I need to mail in additional information to confirm my identity, or wait for some code to show up in the mail that I can use to view my report. I believe there is a phone option as well. Initially the trouble was only with TransUnion, which lasted for a few years. I have not been able to access my free credit reports beyond the second year after the program's introduction. I was wondering if anyone else has experienced difficulty gaining access to their free credit reports? more

Voting Question: Would a private detective be helpful in a custody case?

I have called social services trying to get them involved in a matter where my ex is verbally abusive and puts our son's physical well-being in harms way. He screams at him, yells, belittles, threatens, bashes me in front of him and the list goes on. He moved way out to the country where there are no neighbors and therefore nobody can hear all the fighting. Social services has said there is nothing they can do without evidence and because there is no reports of bruises and broken bones there is little they can do. They said it is very hard to get involved in family when there is no physical abuse (or no proof of it)This person is a loose cannon. He is a very angry person and I want to get my son out of his house. Our son is almost 16 so some lawyers say that he may be able to tell a judge where he wants to live but I want some solid proof that this guy is nuts, because nobody believes me or my son. This guy could charm the pants off a priest, he is like jekyl and hyde.... There are other kids in the house, they are not mine but they are in just as much danger, although my son seems to get the worst of the abuse. Can private detectives trail him and record some of his crazy antics? He drives like a lunatic with the kids in the car, he chases people down with crowbars in front of the kids, he has gotten handcuffed in front of the kids for fighting, he drives drunk with kids in the car, he has our 15 year old son drive the whole family home when he and the wife were too drunk (15 year old with no permit or license) I mean the list goes on. I cannot believe this guy can just keep slipping through the cracks. If I hired a private detective what kind of info can they get for me to take to a custody hearing, where the judge will see he is a lunatic. In my past I had problems but that was 10 years ago and am a completely different person..100% changed. I thought it would cost less to have a P.I. get information about the crazy ex, and dangle that in front of his nose, showing him he does not have much of a leg to stand on should I take him to court rather than spend $10,000+ on a custody battle. That kind of money would require a second mortgage and then no braces or college help for the kids. What kinds of things can a P.I. do? Can they interview people who know him, who believe he is a danger? i really need some help. so for anybody who can give me some advice i really appreciate it and so does my son. more

Resolved Question: Nobody wants our money...Part 2?

This is my second post to this question, because after reading your responses I realized there is quite a bit of information that you need to give me a more precise response. So here it is... In 2005 my then fiancee was in a no fault near-fatal car accident. He raked in over $200,000 in medical bills and was unemployed at the time, since he had just graduated from college. For some reason his parents had let his health insurance lapse under the assumption that he would find a job before he needed any medical treatments. Since I had also just graduated, i was also unemployed so I decided rather then to find a job to help nurse him through his rcvoery. I returned to work in Sept and he in Jan of 2006. We began paying off what we could on our small incomes but his parents were not helping us at all, and my parents were doing as much as they could afford to, but we slowly began to fall further and further behind on our bills. In August of 06 I began law school thinking that it wouldn't hurt us too bad financially since I had a few small scholarships and loans. But I was soo wrong. We again began to slip on our bills and even after we both picked up part time jobs, it was to late. I decided not return to law school until we were paid up on all our bills (and hope to finally return to school next fall). We were able to get his med. bills down to $23k, which is a big drop from the original $234k bill, but still a very large number. We have been curent on our bills for over 12months and have been advised by all the mortgage brokers we have spoken to not to pay any more of his medical bills due to the amount of time that has past. There is no more money (that we know of) coming from his accident and we used what we did get from insurance to buy him a new car and pay some of the bills. We make decent money now, pay for everything with cash, but occasionally use our credit cards to show the creditors that are able to use them pay them off on time. We make fairly decent money for our age and that is how we are albe to put so much into our investments and savings. Oh and we have 2 cars paid in full. I hope this helps. My original question is posted below, and thank you so much for your feedback, it is very honest but helpful. "My husband and I are interested in buying our first home for approximately 130k. Our credit scores are both around a 530-540. We have 15k in savings, and decent 401ks and IRA's. We earn alittle over 6k/month but keep getting turned down for mortgages. When we were younger we made some very bad decisions and our credit was hit fairly hard, but we have paid ALL of the balances off. Why aren't we getting approved, and what do we need to do to move into our first home??? Please help..." more

Voting Question: HELP!!! My Closing Documents were Messed up!!!!?

Help! I just received a letter from my current mortgage company that we owe $6k!!! It says that we weren't paying enough on our escrow to cover the taxes. So in order to make up for it, they doubled our monthly payment. I cannot afford this new payment! It turns out that the original mortgage company I went through submitted the wrong payment amounts for my escrow. So instead of paying $400 a month for escrow we were only paying $100. It is a new constructed home, but the title company fixed the first page of my HUD with the new tax amounts for the pro-rated amount. However, the second page of the HUD wasn't updated, hence now I am stuck in the predicament of perhaps losing my home. Is it the mortgage company's fault for submitting the wrong numbers or is it the title company's fault for not fixing both portions of the updated taxes, or is it both of their faults? Please help! I have no clue what to do or who to go to or how to handle this situation. Any information will help! I just don't think it's fair that I could possibly lose my home (since I can't make the doubled payments) because of a company's clerical error. Thank you.With the added $300/month added to our bill, yes we can afford it. But not that, plus an additional $600. We have spoken to the current mortgage company and they said they are not responsible for the 1st mortgage company's error. I do understand that we were going to pay these taxes anyways, but I don't think it's fair that it gets slapped on me as a lump sum & then my mortgage is doubled because of some other person's clerical error. And that was their answer to the problem, doubling my payment. I paid these people for their "professional" services. Services in which I have no clue how to do, hence me paying them to do it. They messed that up and didn't do what they were paid to do...so I am just confused how I am responsible for their error. I'm not being stubborn, I just don't understand all this real estate lingo and how things are run. more

Resolved Question: Help,i wrote this letter to bank explaining my tough battle with money situation.Please correct my mistakes?

(My situation is that i had two jobs, One at retail store with commision, other one being a bartender.With the ongoing recession,my bar laid me off,second job at retail store with commision is terrible coz of hardly any sales.. My mortgage interest rate is 6%, and i want to request bank to lower interest rate. Because monthly i pay over $2500, and been struggling because of hardly any savings, and the above stated reasons I have been paying partial utility bill payments but have been good with my bank with mortgage payments and been always paid on time, infact when my mortgage agreement started i used to pay $200 more, then the usual payment, just to be ahead of my mortgage payment. THIS IS THE BODY OF THE LETTER I WROTE, PLEASE CORRECT ME IF THERE IS ANYTHING WRONG OR HELP ME REITERATE MY SENTENCES, THANK YOU VERY MUCH. I am writing this letter to explain the unfortunate set of circumstances that have caused me to become nearly delinquent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to lower the current interest rate on my loan that has resulted me in losing nearly all my savings.My main goal is to keep my home where i support my younger sister and my parents that i support back home in Puerto Rico. The purpose of this letter is to request your kind assistance in helping me get through a period of temporary financial hardship. I have been working two jobs to pay my bills, one at the Bar, and second at the retail store highly supportive with commission. After being laid of from the bar since january of 2009, and losing nearly half of my commission at the other job because of the bad market, my income has decreased significantly which even forced me to give up my car last week. Soon after losing nearly all my savings by now,I have fallen further and further behind my utility payments where i have been making partial payments since February, 2009. I even tried selling the house, but the price has gone down significantly. Now, it’s to the point where i cannot afford to pay the current interest rate what is owed to Washington Mutual. It is my full intention to pay what I owe. But at this time I have exhausted all of my income and resources so i am turning to you for help, and decreasing the interest rate on my mortgage can help me tremendously. I have been a valuable customer of Washington Mutual since the past 2 years, and timely payments with them demonstrates my value as a customer. I also believe that my credit rating has increased since I originated this loan.We would appreciate if you can work with us to lower or delinquent amount owed and or payment so that i can keep my house and also afford to make amends with your firm. Thank you in advance for your attention to this matter and please do not hesitate to contact me if you require further information. more

Resolved Question: If my second mortgage is charged off, can I then put it into my Chapter 7 bankruptcy?

I have had great financial difficulty this past year, and have fallen behind on many of my obligations, due to drastic income loss. I was behind on my 2nd mortgage, and was trying to work out a loan modification with them, when I called today to find out the status, they informed me that my loan is now closed and charged off. I think I understand what that means, that is a banking term and I am still liable for that debt. My question is; is this debt still a lien on my home, and if is not, can I file it in my chapter 7 bankruptcy? The bank told me that they would not forclose on the home. I have tried to research this, but not finding any luck with the questions I have. I spoke with my attorney, and she said that I would have to file a Chapter 13, or else the 2nd mortgage would forclose...Does any one have any information, or gone through a simular situation? FYI, my home is not worth as much as I owe, so the 2nd wouldnt get their $$, even if they forclosed.Thank you David. Now, do you know if the bankruptcy court will see me as behind on my second? The bank is now not concerned will collecting the late payments, but wants to set up a payment plan with no interest. Can I do that and not include this loan in the bankruptcy? I know I can reaffirm it, but with this now a charge off account, I am not sure how that works. more

Voting Question: If a borrower is pending foreclosure and has a first and a second, what recourse do each of the lenders have?

I am aware of the lender's right to seek deficiency judgement, and 1099 related consequences, and have read the 2007 Mortgage Debt Relief Act (cancellation and forgiveness of debt sections). Aside from that information which is pretty straight forward, what exposure does the borrower have in terms of the note and deed of trust holders rights to the borrower's other assets? Meaning, can the second, (lender) legally pursue the borrower for the outstanding loan balance? If so, in what ways? P.S. I know it varies by state, so in this instance: NEVADA. more

Resolved Question: Refinance Options, does any of the Obama plans apply to me? where can I find more information about the plans?

Bought my house way overpriced in 2005. started renting it in second half of 2007 and moved back in with my parents. The rent is about half the mortgage, and I pay it all to my parents (they basically cash my checks), since they are not doing that well financially. Have two mortgages, both 30 year fixed. One is about 330,000 @ 5.7 the other is 84,000 @ 8.06 what are my options? I can't afford living in it. The mortgage is about 52% of my income after taxes, and increasing year to year due to additional property tax and escrow! I hope to find some honest help to get me out of this mess.Thanks, I actually would take any recommendations/referrals you may have for an honest CPA/Broker. more

Resolved Question: I have a question about Line of Credit and possible mortgage fraud.?

Hi my name is Jane and I am living in Virginia. I purchased a house in Woodbridge VA in Dec/2004.Tom was my mortgage agent. I made 10% deposit. (Contract amount was $535,000.00) US Express Mortgage Company approved first and second mortgage (1st $374K and 2nd $107K). About two months after settlement I received check book from BB&T Bank (3rd lien - Line of Credit $125,000). I called Tom (Mortgage Broker) and asked about the check from BB&T because I had never applied or asked Raymond to open a Line of Credit for this property. He said "Jane, you did not need a loan application and you didn't have to sign anything because you have a good credit and your Woodbridge house had an immediate equity right after you closed the deal. So BB&T approved the loan based on your excellent credit and equity of your house. By the way I did not close the account and unfortunately I used the money. December, 2008, the house was foreclosed (by 1st lien holder) and 3rd mortgage lender; BB&T Bank filed a lawsuit against me in the amount of $125K. I received complaint by mail in 01/15/2009. * Right before foreclosure I requested all the documents regarding this loan to the entire lender including BB&T. (I was not sure what they have but I tried.) Shockingly enough, there was a Loan Application which I have never seen and someone forged my signature. BB&T Bank was not a wholesale lender. (BB&T had a wholesale department but I am not talking about them)/I didn't know at that time because Tom and Bank loan officer were acting like they are…/The loan officer had to contact with borrower directly but it didn't happen. Someone forged my signature in Loan Application, Credit Line Agreement, and Credit Line Deed of Trust (Notary Public? I don't know who she is and there was no seal) So they foreclosed my house and also asked me to pay. Yes I did use the money. If I have to pay then I have to. But how about a FRAUD. (Forgery and violation of lender’s liability... Q #1. What should I do? Do I have to pay them and bury that fraud? #2. We have 2 years of statute of limitation for fraud in Virginia. Someone told me that when I received the checkbook from BB&T Bank I should have known that it was a FRAUD (He said this is common sense). What do you think? I confirmed fraud when I saw someone forged my signature on Dec.2008–My deference is –“Jane you did not need….. your excellent credit and equity of your house.” #3.Can I fight with the lender for anything like-Breach of Contract or Fraud or Lender Liability… I don’t know. Thank you so much P.S. Just for your information, Mortgage Broker and the loan officer are in federal prison committing Bank Fraud, money laundry etc. But not for my case. more

Resolved Question: Entire family is mad at me that I choose to no longer speak to my mom, but I feel I am right! What do I do?

My mom is someone you just have to know in person to understand how she is... basically, VERY controlling, overbearing, HAS to be right, her way or NO way type of person. She and I are always off and on with fights, not speaking for weeks or months. This time, I feel she has crossed the line and I wish to not speak to her anymore. My fiance and I have been engaged for 7 months, going to wed in September. We want a pretty nice wedding, sort of elegant...but my mom has her own vision and fights as to where the wedding should be caused us not to speak (we wanted a banquet hall, she wanted us to do it in someone's small backyard or a barn at an orchard). She was so mad that we turned down her suggestions that she said we were being selfish and could do it ALL on our own without her help. So we are spending a LOT of our own money to do this wedding. Everything is pretty much done, scheduled, picked out, purchased. Yet to this day she is still trying to convince me to cancel everything & do it in my aunt's backyard. And she absolutely HATES my color choices (pool blue & chocolate brown). She says the blue is too Spring/Summerish and she is REFUSING to buy her daughter's (my sister's) bridesmaids dress in that color..says if I want Pool blue, I'll have to buy the bridesmaid dress for my sister. She is disabled with Rheumatoid Arthritis and my grandma, aunts, sister, step-dad think that I'M putting too much stress on her by trying to do my wedding my way and turning down her ideas..even though I do it in a very polite, simple way. She says I don't want her to be my mom, I hate her, etc. and gets soo upset/emotional and everyone says I need to "stop whatever I'm doing" because it's going to kill her. It is so frustrating for me. I'm trying to plan a wedding...the best day of my life, and have my whole family mad at ME because I'm not taking into consideration my mom's ideas that are FAR from what my fiance and I want in our wedding that WE are paying for? To top it off, she sent me an e-mail yesterday saying that she knows I will have a 2nd wedding because one day I will wake up and realize that my husband is a LAZY, SPINELESS MAN who will never change and I will never bee fulfilled. That hurt me so bad... to know that deep down she is unsupportive of who I want to marry. (by the way, she lives 2 houses down from me & says he is lazy because he isn't outside shoveling as soon as snow starts falling and doesn't mow the lawn several times a week to make it perfect like she thinks it should be done.) I have had it with her making me feel guilty and upset and turning the family against me & making them believe that I start fights or puposely try to make my mom upset. Nobody cares about my side or takes my side or can even put themselves in my shoes. I feel so alone in my family becuase of it..they buy into my mom's exaggerated, dramatic stories! Everytime we don't talk for weeks, I feel SUCH a weight lifted off of my shoulders.. I am so stress-free, carefree, calm, NORMAL! The second she comes back in my life and we start talking again, I get stomach problems..migraines... anxiety... I can just feel my blood pressure rising and the stress taking over me because of the RIDICULOUS things she gets absolutely enraged about!! (The fact that I wanted to keep my wedding gown at my house instead of my grandma's house in the months before the wedding.. what the heck!? Who cares!!) My family is very upset that I made the decision to keep her out of my life..she will still be invited to the wedding & such and I'll still see her at family functions... but I do not wish to talk to her and I am accepting of that... there are plenty of people in this world estranged from a family member and if my life is more peaceful and happy without her in it... then that is how I want it to be. This is a person who, when my fiance and I bought our too-expensive house that she CONVINCED us to buy because she promised to give us $100/month toward the mortgage payment just to have us living so close to her.... we decided to take down wallpaper in a room and she thought it was RIDICULOUS for us to waste our time & we needed to paint over it instead...so she said "Well, find someone else to pay $100/month because I want nothing more to do with this house!" and then my whole family practically hated me for that until we started talking again. Sorry this is so long...I just want you to have all the information before making a decision. What would YOU do? Does anyone else have this kind of relationship with their mom? more

Resolved Question: My banks branch manager revealed personal information to a relative. Any recourse?

I recently set up an electronic funds transfer for my mortgage. When I realized it was for the incorrect amount, I placed a stop pay, following the directions of the bank and paid the fee of $25. After checking for a couple days to make sure the EFT presented and did NOT pay, I called my mortgage company and set up another EFT for the correct amount. When I followed up a couple days later, I discovered that both had been paid and I was in overdraft for almost $300. Upon discovering this, I contacted the bank. The EFT was for the exact same amount and the exact same mortgage company. When the next EFT payment presented, they paid it as well, thus the overdraft. I talked to the bank branch manager, who happens to be friends with my brother-in-law (golf buddies). I explained this to him and he informed me that since the EFT had been re submitted without a number the second time around, it was no longer the EFT that I had stopped payment on, so it was paid. I disagreed by arguing that since an EFT was presented for the same amount and to the same company the very next day I should have at least been notified if they were going to pay it, before they did so. We had a heated exchange on the phone after he informed me that I would have to wait 7-10 days before I would have the original $ back in my account from the mortgage company. I pleaded that I had to have money because I have a foster son that I am legally obligated to provide for and I had no money for groceries, gas, bills, etc. and asked if he could just deposit a minimum amount into my account to cover essentials till the money was back from the mortgage company, which he declined to do. He admitted the mortgage company agreed to reverse the transaction. He accused me of not taking care of business and that the bank employees could not be expected to "read my mind" and further told me I should bank somewhere that could read minds. Two days later while speaking with my sister, she asked me about the "problem " at the bank! She proceeded to tell me that the banker had explained to my brother-in-law that I had overdrafted my acount and was complaining about it! He wanted to smooth things over with my brother in law and make sure that it didn't affect thier relationship. My brother-in-law is a financial advisor and broker and makes mucho $ and banks with this same bank. Do I have any legal recourse for this breach of privacy on the part of the banker? more

Resolved Question: Does my partner qualify for first time home buyer credit if we bought jointly?

Here's the situation: My partner and I both lived together for 5 years in a Condo that was completely under my name (Mortgage, title, assessments, etc.). We decided to purchase another property together, it is my second property (as I still own the first condo and use as rental) and his second property since selling his previous property 12 years ago. We both signed our mortgage and title for the 2nd property in August 2008. Does my partner qualify as a First Time Home buyer even though I am also on the mortgage and title and don't qualify? As mentioned, he used to own property 12 years ago so he technically qualifies as a 1st time buyer as it is way past the 3-year prior home limit. Not sure if we can claim that he is a first time home buyer on the taxes?? Any help would be really appreciated. If you need any more details please ask, I hope this is enough information. Thank you in advance!Thank you for the assistance. My partner can definitely claim the Tax Credit, however does this mean that he also has to put the Mortgage Interest and Property taxes on his return as well or can he just claim the credit and I can place the Mortgage Interest and Propert Taxes on my return? more

Resolved Question: Credit Score and Mortgage Situation..?

My husband and I were looking into buying our first home with the intentions of obtaining a FHA loan. However, after doing some research a couple months back, I discovered that my husband had a terrible credit score of 547. The $11,170 student loan that his father was court ordered to pay during the divorce was more than 90 days late on 9 separate occasions. His father never told us that he wasn't paying this loan, and since he was in charge of it, the only contact information they had was his father's and his mother's/his home address (with whom he doesn't talk to). After talking to a mortgage loan specialist, we realized there would be no one that would approve us for a mortgage even given the circumstance. So some friends of mine graciously said that they will give us a place to stay so we can financially focus our money on working off his student loans. So my first question is, if we put more than $2,000 a month down on his loans, how long would it take before his credit score began to rise? Also, my husband threatened to take him to court for violating the court order where his father then said that he would only be able to get a $5,000 loan out to cover the costs. My second question is if we contacted the US Department of Education/Direct Loan (loan lender) and told them the situation, that we had $5,000 to put down on it, and that we could send a copy of the court order, would they remove most of the bad credit with the loan? If someone could please give us some answers and insight into what we could do I would so very much appreciate it. This whole situation has put such a strain on our marriage and I don't know what to do at this point. more

Resolved Question: How to delete late mortgage payments off credit report?

have five credit cards accounts, one auto-loan and three mortgage accounts. All accounts (except one mortgage account) current and up to date with no delinquinces.But on one of my mortgage accouns i had two 60 days lates in 2008 (first - august-september, second -- november-december). Right now (01/05/2008) all lates paid and there is no due on this account. But this two lates dramaticaly decrease my credit score. And this is the only bad information on my credit report. Is it any possible way to remove information about mortgage late payments? more

Resolved Question: I Paid Off A Lot of Credit, But None of It Is Showing Up On My Credit Report. Is This Normal?

I've read a lot of posts about credit reports, and most say that it takes anywhere from 30-90 days for the updated records to appear on your credit report. Well, it's been about 6 months since I paid off: my mortgage, a second mortgage and three retail credit cards (all paid off in June, 2008.) So far, all of them are still showing up as open and the full balances still due on all three of my credit reports (I monitor through True Credit.) Am I just being impatient, or are these taking a REALLY long time to update? I have the same problem with my work information. They still list my job from 4 years ago, even though I have written all three to have it updated. Is it possible that I just have a really screwed up credit report that is somehow not updating?! According to True Credit, there hasn't been any updates to my credit report since April, 2008 even though I have been paying off debt like a mad woman this year. Anyone else have this same type of problem?  more

Voting Question: AMT and Mortgage Interest Deduction?

Does the AMT reduce your ability to claim the Mortgage Interest Deduction for a second home? If so, at what income level does it start, and how does it increase as income level increases? Any information and web links leading to useful AMT and mortgage calculators are greatly appreciated. more

Resolved Question: what do you think of my last final college argumentative essay?

ok, this is going to be my final paper of this argumentative essay i know there is more detail on the second body paragraph but i want to get you guys person view. sorry i couldn't find a link for the rest of other three article here. but you get the idea. any way. please let me how i did on this paper or evaluate my paper.thanks. also that i posted a different version of this essay in the past without the revising and the correction so I took advise and example from different viewers and I added to my essay. just to let you know. thanks again. http://amitaietzioni.org/documents/B170.pdf Working Part-Time in High school help Teenage Many students questioned themselves whether is easy to work while going to school or not? The pros and cons discussed and presented by Amitai Etzioni “The Fast Food Factories: Mcjobs Are Bad for Kids” and Michele Mangers “The Dead-End Kids” has a lengthy works that have much to say about the use and abuse of teenagers who are undertaking and working at franchises such as McDonalds and other fast food industries. They stated that those works does not give teens skills nor does it teach them about the work experience that needed for the real world. However, Dennis McLellan’s “Part-Time Work Ethic: Should Teens Go for It?” and Maureen Brown’s “Balancing Act: High School Students Making the Grade at Part-Time Jobs” disagree with them. McLellan and Brown state that part-time work has a positive influence on youth because it will benefit them as they grown up. All four article were well-thought written and all has a strong message for teens but I have to agree more with McLellan’s and Brown’s, because I believe any such experience does assist a student in their traumatic entry, out of a protective institution of school and into the real harsh business world. Therefore, I think it’s great that high school teens should work a part-time job because it’s going to prepare them for the real world by becoming more independent, learn skills need for the adulthood, and stay out of trouble. Part time jobs help student to become more independent. A lot of us students wanted to grow up and take care of our own self. We don’t want to relay upon our parents to support us for the rest of our lives. So we sought to find a job at a very young age to get the idea of how to be an adult. As I was growing up, I never ask my parents to buy me something because I knew that money wasn’t easy to make. I knew that they have to work a menial job to support us and pay the house bills and mortgages. For that reason, I couldn’t go and ask my parents for money because it didn’t seem right. Then I decided to work and earn my own money and contribute to them with a little support and save up money for the car that I was planning on buying. After two years of working at my school bus office doing paper work, computer data, and organizing. I manage to save up money, help my parents and also bought my own car. I felt so happy and proud of myself, for not only did I get a car but I had worked and earned that car all by myself. Now I didn’t have to kiss up to my friends and parents for help anymore because I’m an independent. In addition to (authors name and page)….. Part-time jobs help students learn skills that are needed for adulthood. My experience of working for the school bus was a great asset to me. However, I want to learn more skills by working in the field of adult. I want to find out what adult work is like and more importantly how do they interact and handle taught situation. I wanted to learn how to be confidence with other people and overcome my fear of working with different people that are sometimes rude, angry and unpleasant. I also want to learn more about different careers and how to put up information on my resume. More importantly I want to overcome my shyness and learn how to communicate more often. Communication is more important when it comes to dealing with people and work environment. It can also help to develop more skills and be flexible. In addition to Brown's, Michelle Gust, 17 years old, a senior at Mt. Carmel High, stated that "Working has taught me the importance of communicating with people,” Micelle say that “The management wants you to communicate with management and the customer. “I have learned to be flexible." She learned how to meet her college application deadline, and balance both her school work and her part time job (Brown 303) Part time job also helps students to stay out of trouble. In the beginning of my senior year I was doing great in all of my classes than suddenly something change about me. I pick up a bad habit of goofing around chasing after girls, not paying attention to my school. As result I almost fail all of my senior classes. I knew I was going in the wrong direction and also losing my reputation as an honour-role student. Eventually, my counselor Ms. Helen found a solution for me. She advises me to get a job after school to keep me out of trouble. feel free to email me if somehow yahoo has cut down my paper or shorten my essay as I posted up. it happen in the past and I couldn't get them to change that so I just want to make sure my viewers and readers understand. thanks again. more

Resolved Question: what do you think of my last final argumentative essay?

ok, this is going to be my final paper of this argumentative essay i know there is more detail on the second body paragraph but i want to get you guys person view. sorry i couldn't find a link for the rest of other three article here. but you get the idea. any way. please let me how i did on this paper or evaluate my paper.thanks. also that i posted a different version of this essay in the past without the revising and the correction so I took advise and example from different viewers and I added to my essay. just to let you know. thanks again. http://amitaietzioni.org/documents/B170.pdf Working Part-Time in High school help Teenage Many students questioned themselves whether is easy to work while going to school or not? The pros and cons discussed and presented by Amitai Etzioni “The Fast Food Factories: Mcjobs Are Bad for Kids” and Michele Mangers “The Dead-End Kids” has a lengthy works that have much to say about the use and abuse of teenagers who are undertaking and working at franchises such as McDonalds and other fast food industries. They stated that those works does not give teens skills nor does it teach them about the work experience that needed for the real world. However, Dennis McLellan’s “Part-Time Work Ethic: Should Teens Go for It?” and Maureen Brown’s “Balancing Act: High School Students Making the Grade at Part-Time Jobs” disagree with them. McLellan and Brown state that part-time work has a positive influence on youth because it will benefit them as they grown up. All four article were well-thought written and all has a strong message for teens but I have to agree more with McLellan’s and Brown’s, because I believe any such experience does assist a student in their traumatic entry, out of a protective institution of school and into the real harsh business world. Therefore, I think it’s great that high school teens should work a part-time job because it’s going to prepare them for the real world by becoming more independent, learn skills need for the adulthood, and stay out of trouble. Part time jobs help student to become more independent. A lot of us students wanted to grow up and take care of our own self. We don’t want to relay upon our parents to support us for the rest of our lives. So we sought to find a job at a very young age to get the idea of how to be an adult. As I was growing up, I never ask my parents to buy me something because I knew that money wasn’t easy to make. I knew that they have to work a menial job to support us and pay the house bills and mortgages. For that reason, I couldn’t go and ask my parents for money because it didn’t seem right. Then I decided to work and earn my own money and contribute to them with a little support and save up money for the car that I was planning on buying. After two years of working at my school bus office doing paper work, computer data, and organizing. I manage to save up money, help my parents and also bought my own car. I felt so happy and proud of myself, for not only did I get a car but I had worked and earned that car all by myself. Now I didn’t have to kiss up to my friends and parents for help anymore because I’m an independent. In addition to (authors name and page)….. Part-time jobs help students learn skills that are needed for adulthood. My experience of working for the school bus was a great asset to me. However, I want to learn more skills by working in the field of adult. I want to find out what adult work is like and more importantly how do they interact and handle taught situation. I wanted to learn how to be confidence with other people and overcome my fear of working with different people that are sometimes rude, angry and unpleasant. I also want to learn more about different careers and how to put up information on my resume. More importantly I want to overcome my shyness and learn how to communicate more often. Communication is more important when it comes to dealing with people and work environment. It can also help to develop more skills and be flexible. In addition to Brown's, Michelle Gust, 17 years old, a senior at Mt. Carmel High, stated that "Working has taught me the importance of communicating with people,” Micelle say that “The management wants you to communicate with management and the customer. “I have learned to be flexible." She learned how to meet her college application deadline, and balance both her school work and her part time job (Brown 303) Part time job also helps students to stay out of trouble. In the beginning of my senior year I was doing great in all of my classes than suddenly something change about me. I pick up a bad habit of goofing around chasing after girls, not paying attention to my school. As result I almost fail all of my senior classes. I knew I was going in the wrong direction and also losing my reputation as an honour-role student. Eventually, my counselor Ms. Helen found a solution for me. She advises me to get a job after school to keep me out of trouble.  more

Resolved Question: Is this a crime or what?

Hi I have a simple but little tricky question. I believe there are three ways to purchase a house. 1.Pay cash - If you are a millionaire.. 2.Hire Mortgage Broker - They will contact with Wholesale Lender 3.Contact with Bank directly - Bank has it's own Loan Officer. *If someone doesn't tell the difference between mortgage broker and loan officer, go to yahoo and search "mortgage broker vs. loan officer" . Here is my story. Year 2004 I met Mr.Kim who was a mortgage broker.He always tell others that if someone wants to buy a house, they have to hire a mortgage broker to process their loan(He was acting that option #3 does not exist. That way he could get more jobs to sell.). *Someone might say "Why did you trust the mortgage broker? You are stupid..." You will be surprised to know how so many people have no knowledge about these whatsoever. Anyway I trusted him and year 2005 I purchased my first house. I filled out loan application and prepared all the documents which was prepared by Mr.Kim. The loan was approved: both first and second lender was major Banks. Exactly 2months later, I received a check book by XX (also major bank) bank. I asked my mortgage broker about this and he said that this was a home equity line of credit by XX bank (3rd mortgage): it was issued based on the current value of my property (there's no loan application and no appraisal report..ect.) and my excellent credit. I had no doubt about this at that time (because it was issued from a major bank) and I used the money for home improvement. My mortgage broker, Kim was sentenced for financial fraud for other cases(currently he is in federal prison) In the mean time, my mortgage payment was increased dramatically because it was a MTA program which I had no idea what that was at that time... My monthly payment doubled after 2 years and I had reached a point where I could not make all three mortgage payment including the 3rd mortgage. As the real estate market crashed, the value of my house dropped greatly and I could no longer able to make payment. I knew something was not right. I heard about Mortgage Audit from internet one day and decided to do that. I requested all the documents (including original loan applications..) from the all three lenders. I was surprised to see that there were loan officer's name which I had no idea because I had never met any loan officers. Not only that but also the information on the loan application had wrong information which was prepared by mortgage broker?? or the loan officer?? Since the lender was not a whole sale lender, I had learned that the loan officer from the lender must meet with the borrower directly(Patriot Act?). What do you think about this whole loan process? I want to know how big crime it is when the loan officer never contacted the borrower and accept all the documents from the mortgage broker and approve the loan despite of all the wrong information on the loan documents?? * Some of you might say, "You signed the documents at the settlement and it is your responsibility" However both the mortgage broker and the title agent are currently imprisoned. During the settlement, it is almost impossible to review every single document and sign them. I had to trust whatever I sign because it was conducted by title lawyer. Who would not trust "LAWYER" ?? DO YOU THINK LENDER GAVE US A MONEY BECAUSE THEY ARE CHARITY WORKERS?  more

Resolved Question: What kind of violation is this.?

Hi I have a simple but little tricky question. I believe there are three ways to purchase a house. 1.Pay cash - If you are a millionaire.. 2.Hire Mortgage Broker - They will contact with Wholesale Lender 3.Contact with Bank directly - Bank has it's own Loan Officer. *If someone doesn't tell the difference between mortgage broker and loan officer, go to yahoo and search "mortgage broker vs. loan officer" . Here is my story. Year 2004 I met Mr.Kim who was a mortgage broker.He always tell others that if someone wants to buy a house, they have to hire a mortgage broker to process their loan(He was acting that option #3 does not exist. That way he could get more jobs to sell.). *Someone might say "Why did you trust the mortgage broker? You are stupid..." You will be surprised to know how so many people have no knowledge about these whatsoever. Anyway I trusted him and year 2005 I purchased my first house. I filled out loan application and prepared all the documents which was prepared by Mr.Kim. The loan was approved: both first and second lender was major Banks. Exactly 2months later, I received a check book by XX (also major bank) bank. I asked my mortgage broker about this and he said that this was a home equity line of credit by XX bank (3rd mortgage): it was issued based on the current value of my property (there's no loan application and no appraisal report..ect.) and my excellent credit. I had no doubt about this at that time (because it was issued from a major bank) and I used the money for home improvement. My mortgage broker, Kim was sentenced for financial fraud for other cases(currently he is in federal prison) In the mean time, my mortgage payment was increased dramatically because it was a MTA program which I had no idea what that was at that time... My monthly payment doubled after 2 years and I had reached a point where I could not make all three mortgage payment including the 3rd mortgage. As the real estate market crashed, the value of my house dropped greatly and I could no longer able to make payment. I knew something was not right. I heard about Mortgage Audit from internet one day and decided to do that. I requested all the documents (including original loan applications..) from the all three lenders. I was surprised to see that there were loan officer's name which I had no idea because I had never met any loan officers. Not only that but also the information on the loan application had wrong information which was prepared by mortgage broker?? or the loan officer?? Since the lender was not a whole sale lender, I had learned that the loan officer from the lender must meet with the borrower directly(Patriot Act?). What do you think about this whole loan process? I want to know how big crime it is when the loan officer never contacted the borrower and accept all the documents from the mortgage broker and approve the loan despite of all the wrong information on the loan documents?? * Some of you might say, "You signed the documents at the settlement and it is your responsibility" However both the mortgage broker and the title agent are currently imprisoned. During the settlement, it is almost impossible to review every single document and sign them. I had to trust whatever I sign because it was conducted by title lawyer. Who would not trust "LAWYER" ?? DO YOU THINK LENDER GAVE US A MONEY BECAUSE THEY ARE CHARITY WORKERS?  more

Resolved Question: Question about legal loan process.?

Hi I have a simple but little tricky question. I believe there are three ways to purchase a house. 1.Pay cash - If you are a millionaire.. 2.Hire Mortgage Broker - They will contact with Wholesale Lender 3.Contact with Bank directly - Bank has it's own Loan Officer. *If someone doesn't tell the difference between mortgage broker and loan officer, go to yahoo and search "mortgage broker vs. loan officer" . Here is my story. Year 2004 I met Mr.Kim who was a mortgage broker.He always tell others that if someone wants to buy a house, they have to hire a mortgage broker to process their loan(He was acting that option #3 does not exist. That way he could get more jobs to sell.). *Someone might say "Why did you trust the mortgage broker? You are stupid..." You will be surprised to know how so many people have no knowledge about these whatsoever. Anyway I trusted him and year 2005 I purchased my first house. I filled out loan application and prepared all the documents which was prepared by Mr.Kim. The loan was approved: both first and second lender was major Banks. Exactly 2months later, I received a check book by XX (also major bank) bank. I asked my mortgage broker about this and he said that this was a home equity line of credit by XX bank (3rd mortgage): it was issued based on the current value of my property (there's no loan application and no appraisal report..ect.) and my excellent credit. I had no doubt about this at that time (because it was issued from a major bank) and I used the money for home improvement. My mortgage broker, Kim was sentenced for financial fraud for other cases(currently he is in federal prison) In the mean time, my mortgage payment was increased dramatically because it was a MTA program which I had no idea what that was at that time... My monthly payment doubled after 2 years and I had reached a point where I could not make all three mortgage payment including the 3rd mortgage. As the real estate market crashed, the value of my house dropped greatly and I could no longer able to make payment. I knew something was not right. I heard about Mortgage Audit from internet one day and decided to do that. I requested all the documents (including original loan applications..) from the all three lenders. I was surprised to see that there were loan officer's name which I had no idea because I had never met any loan officers. Not only that but also the information on the loan application had wrong information which was prepared by mortgage broker?? or the loan officer?? Since the lender was not a whole sale lender, I had learned that the loan officer from the lender must meet with the borrower directly(Patriot Act?). What do you think about this whole loan process? I want to know how big crime it is when the loan officer never contacted the borrower and accept all the documents from the mortgage broker and approve the loan despite of all the wrong information on the loan documents?? * Some of you might say, "You signed the documents at the settlement and it is your responsibility" However both the mortgage broker and the title agent are currently imprisoned. During the settlement, it is almost impossible to review every single document and sign them. I had to trust whatever I sign because it was conducted by title lawyer. Who would not trust "LAWYER" ?? DO YOU THINK LENDER GAVE US A MONEY BECAUSE THEY ARE CHARITY WORKERS?  more

Resolved Question: More Countrywide scams?

I called Countrywide home loans today to see if they would combine my first and second mortgage, second is at 11% interest with a balloon payment due. I bought the home five years ago for 340,000.00. My latest appraisal came in at over 500,000 (renovated). The loan officer at Countrywide tried to convince me the home was only worth 270,000. Of course he has no current data so he could not possible know what my home is worth. What are these people up to now? The last appraisal they did with one of their people was two years ago and 80,000.00 less than what we had the home appraised after their appraiser left. I have a better offer but does anyone know why they are only using their appraisers and giving people false information? more

Resolved Question: information on Buy to let mortgages?

I'm in the lucky position of being able now to look for a second property for investment purposes.Can someone please tell me do you HAVE to have a BUY TO LET mortgage or can you borrow against the equity in your house, and i'd be gratefull for anywhere i can look for good deals.I know it seems harsh when some people are really struggling but some of us have no pension!! UK only Thanx more

Resolved Question: How to force Countrywide not to report "foreclosure"?

I had settled my second mortgage with Countrywide. I paid certain amount to release the 120,000 lien. I was never late, was never in Foreclosure. But I intended to settle with Countrywide so that I could attempt to do a deed in lieu of foreclosure with the 1st lien holder (Wells Fargo). I ended up not doing a deed in liue with WellsFargo, they allowed me to modify the loan...but now I can't modify it because Countrywide reports it as 'foreclosure'. Anyway...Countrywide received the funds, released the lien but reported it as 3 different ways to all 3 credit bureaus as: 'pre-foreclosure', 'Creditor Received Deed', and 'Forefeight of property in lieu of foreclosure'. I was NEVER in Foreclosure with Countrywide. How to correct I did? I contact the credit burau where I sent the letter Countrywide requesting a funds to settle and a letter informing htat they got the funds, a letter indicating deed was released and recorded. Nowhere it indicates that Coutnrywide will report it as foreclosre? ADDING DETAILS: I did dispute with the Credit Bureau but they rejected updating it. Credit Bureau DID NOT PROVIDE any documenation...simply updated the dispute stating 'New Information Available' which is the same as previous. Should I get a lawyer? Has anyone had a similiar situation? more

Resolved Question: How to correct Foreclosure reporting on Credit part2?

I had settled my second mortgage with Countrywide. I paid certain amount to release the 120,000 lien. I was never late, was never in Foreclosure. But I intended to settle with Countrywide so that I could attempt to do a deed in lieu of foreclosure with the 1st lien holder (Wells Fargo). I ended up not doing a deed in liue with WellsFargo, they allowed me to modify the loan...but now I can't modify it because Countrywide reports it as 'foreclosure'. Anyway...Countrywide received the funds, released the lien but reported it as 3 different ways to all 3 credit bureaus as: 'pre-foreclosure', 'Creditor Received Deed', and 'Forefeight of property in lieu of foreclosure'. I was NEVER in Foreclosure with Countrywide. How to correct I did? I contact the credit burau where I sent the letter Countrywide requesting a funds to settle and a letter informing htat they got the funds, a letter indicating deed was released and recorded. Nowhere it indicates that Coutnrywide will report it as foreclosre? ADDING DETAILS: I did dispute with the Credit Bureau but they rejected updating it. Credit Bureau DID NOT PROVIDE any documenation...simply updated the dispute stating 'New Information Available' which is the same as previous.  more

Resolved Question: Loan Modification Taking Too Long...Need Advice!!?

Hello, I'm currently doing a loan modification. I hired an attorney-backed company six months ago to handle the matter for us. So far, we have been VERY displeased with the service. Long story short, we own two properties. The lender is GMAC. One property (our investment) has already been modified as of three weeks ago. The second one is taking forever! I had entrusted that the company was doing their job. However, six months later, we're getting nowhere it seems like. Basically GMAC asks for financials, we fax it right away to our loan modification company, then we later found out GMAC never received them for whatever reason. And according to the loan mod firm, GMAC keeps losing our paperwork! When I signed the contract with the loan mod company, we were current on all payments. Now, six months later, my property that I currently live in just had a Notice of Default filed last weekend! I forwarded this information to the loan mod company. Apparently the loan mod company failed to include both mortgage account numbers in the financial info they faxed over to GMAC over a month ago. So therefore, the faxed info only got applied to my other account which is the one that was just modified and not my owner occupied residence which is why we're still struggling to get it modified. So the loan mod co refaxed it to them about three weeks ago. And we were told it would be 15 working days before we get any answers. Yesterday, we find out that they never got the fax!!! So I'm now 90 days away from foreclosure. And I just spoke to GMAC and since my property taxes are late, they are now applying for an escrow account. They said at this point, it should be another 4-6 weeks total before we get an end result. So as you can see, it's been nothing but delay after delay after delay. The loan mod company is not doing their job in following up with GMAC to make sure they got the paperwork. I'm worried sick to my stomach. I don't want to lose my home, especially due to someone else's stupid mistakes!! I can no longer trust the loan mod company to do the right thing for us. They assure us they're doing everything within their power and that some loans take longer than others. Just depends. In my opinion, it should have never taken this long! It is very obvious to me that it was due to their lack of following up with GMAC that things are taking forever! Six months and no loan mod yet!!! Ridiculous! We are perfect candidates in every way. If done properly, I know for a fact that we will get a mod. Basically my question is, now that I have an NOD and it could still potentially take 45 more days for the loan to be modified and not trusting the current company that's handling my loan, should I seek another attorney? Should I just stay persistent and make sure everything is being handled? I'm at a total loss here. I heard that GMAC is helping just about everybody out. My biggest worry now is that we're now 90-100 days away from foreclosure. Just need to make sure our situation is being handled properly in the right hands. Please advise!! try2help, wow, you nailed it right on the head!! Thank you for your input! I am embarrassed to admit, but I am a loan officer. Well, I am going back to my career for now which is more profitable nowadays for me. Just closed my last FHA loan last week. Basically lots of my clients were coming to me saying their lenders were of no help to them when their loan recasted. So therefore, I felt I should hire an attorney-backed loan mod firm to have the experts do the job.....WRONG!! I have a mortgage background. And now that I've stepped in, I see it's nowhere near as difficult as I've heard from others. In fact, I now regret not taking this step myself!! I know I could have done it myself! I just hope it's not too late!!!!!Landlord, I do blame the company in part for all this. Yes, I understand what you're saying. But since we did pay a hefty up-front fee, we expected better service than this. If the bank did not receive a fax.....THEN WHY IS IT TAKING THE LOAN COMPANY THREE WEEKS TO FIND THIS OUT EACH AND EVERY TIME?? Every time I talk with GMAC, they say it takes 72 hours to upload any faxes into their system. Why is the loan mod company finding out three weeks later? Because they're not doing their job in properly following up on anything they fax over to GMAC. So now, I'm stepping in to make sure they ARE receiving what they need and get this over with before I lose my home! more

Resolved Question: Who's fault is the Lending nightmare? Consumers, Lenders or Lawmakers?

Let me offer some information as to why I am torn on the answer to this question. A few years, I had a friend who got into the mortgage business, flourished immediately, and quickly became the branch manager. He called me and said, Nick, you have to get into this....there's money everywhere! So, being young, naive, and broke, I went for it. My first month, I made about $8,000. My second, $12,000. Then $14,000. Then I made $16,000 off one deal! And think about this, if I made that much, how much did my boss make?!?! And how much did the bank make? But you know what I was doing? I was selling people into Neg-Am Loans for a huge rebate. All of the people I sold those loans to are FOR SURE going into Foreclosure. Once I realized what I was really doing (2003-2004), I quit, went back to school, got a Marketing Degree, and moved on to a job where I could sleep at night. But I still had a ton of friends in the Mortgage business. And it wasn't just the Loans making money. It was Title companies, Real Estate, Escrow, Appraisers, etc, etc. I have friends my age (27) who were making 30k, 50, 100k A MONTH doing Loans or operating Broker offices. KIDS! Kids with a gift of gab who can't even spell making $300,000 a year!!!! WHAT IS WRONG WITH THIS PICTURE?? I felt a huge amount of guilt, but realistically, I can't blame myself. I was a 22 year old kid who started a new job and did was I was taught. When I had the moment of clarity, I got out even though I could have made a killing screwing people over. So, who's fault is that? Is it the consumers fault for signing the loan documents on houses they couldn't afford and loans they didn't deserve, not fully realizing what they were getting into? Was it my fault, for selling them Loan Products that would inevitably destine them for failure? Was is the banks fault for offering these products in the first place? Or was it the President and Lawmakers faults for not stepping in and putting an end to it? Sadly, the only way to fix this is to probably bail the banks out...... People in this country can't buy anything without borrowing for it, right?  more

Resolved Question: My mortgage broker gave my loan away and we had to pay closing costs twice!?

We received a single step construction loan from a mortgage broker. After construction, we were ready to close our loan, and suddenly the broker said they could not close the loan. Because of the decline in the marked we were not able to sell our existing home, and they said this meant we could not close. However, they never disclosed to us that we had to sell our home. It was listed for sale, but we would never have guaranteed our house would sell!! They approved our loan, funded our loan, and then said they couldn't close. Then they gave our loan to another broker without so much as a phone call. Suddenly I received paperwork from another broker. When I called the new broker she said the previous broker had give her all my information. We ended up closing with them, but instead of the single step construction loan, we ended up having to close with a second set of closing costs, increasing our loan, and payment, even more!! I am thinking about suing the the mortgage broker for the costs of the second closing fees, does anyone think I have a case? Any advice? Any lawyers out there want to do a consultation? Please help!!For clarification, all of my spreadsheets, documents, and even all of their advertisements state, single step construction to permanent loan. We had a pre-approval letter, and then funding documents all based on our current financial situation. How could everything be approved by underwriters, and then at the last minute they change thier minds? They still made a lot of money off the interest that was paid to them for our construction loan period, they held the loan for six months and when it was time to convert. Then we had someone new to deal with. And the agent at the seconde mortgage broker we ended up closing with, now works for the first mortgage broker!!!!! more

Resolved Question: What kind of lawyer should i look for?

Background information: i got divorced, and in my weakened state my doctor wooed me. i married 8 months later. 2 years later after i paid off all of his debt by pulling a second mortgage on my home, his true colors showed and we divorced(highly oversimplified). I want to sue him for the mental anguish he put me and my kids through. Also i believe i was targeted and conned, since at the time i had money and i had recently been divorced. What kind of lawyer should i seek out to do this?  more

Resolved Question: Did the President lie or just make a mistake in his primetime address?

[Second, as markets have lost confidence in mortgage-backed securities, their prices have dropped sharply, yet the value of many of these assets will likely be higher than their current price, because the vast majority of Americans will ultimately pay off their mortgages.The government is the one institution with the patience and resources to buy these assets at their current low prices and hold them until markets return to normal.] - from the transcript of the President's 9-24 primetime address via the NYT Compare to Bernanke's opening statement to the Senate Banking Committee about how the $700 billion bailout will help Wall Street: [ I believe that under the Treasury program, auctions and other mechanisms could be devised that will give the market good information on what the hold-to-maturity price is for a large class of mortgage-related assets. If the Treasury bids for and then buys assets at a price close to the hold-to-maturity price, there will be substantial benefits. First, banks will have a basis for valuing those assets and will not have to use fire sale prices. Their capital will not be unreasonably marked down ...] The President's statement looks like a bait and switch. Wall Street has been unwilling to sell at mark-to-market ("firesale") prices. That's the heart of the problem! more

Resolved Question: McCain just stated Monday that the economy is strong. Does he not pay any attention to thats going on?

Countrywide stock for Bank of America shares worth $5.56 each. In the last three quarters, it has lost $2.5 billion. Wachovia Bank lost $8.86 billion eliminating 10,750 positions after losses tied to mortgages soared. Ford Motor Co. posted the worst quarterly performance in its history Thursday, losing $8.67 billion in the second quarter. GM reports biggest-ever automotive loss of $38.7 billion. Wall Street had its worst day since markets reopened after the September 11 attacks as fears about the U.S. financial system's stability surged on Monday after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival. JPMorgan racks up $1.5 billion in mortgage losses. Anheuser-Busch is now owned by a foreign company, selling to InBev for 52-Billion Dollars. According to what McCain" said 09/15/2008 I guess some of you McCain-Bush voters would say this is false information. "I think, still, the fundamentals of our economy are strong." is what Mc Cain said on Monday 09/15/2008. Is this what you call a strong economy? What planet does he live on? Who in the world would vote for him? Some of you people live on the same planet that he does and you dont want to look at the big pictute. We were not in this crisis or in a recession until Bush got into office. When Clinton left we were in the surplus amounted to at least $230 billion, making it the largest in U.S. history. In 2006 the Federal Deficit was $3.5 Trillion. Now its 9.5 Trillion. Mc Cain votes with Bush 90% of the time. So he is agreeing with the same policies that got this country in 9.5 Trillion dollars in debt. And some people are still for him is what I cant believe. So I guess with a 9.5 Trillion dollar deficit things are still growing strong and looking up for the USA. more

Resolved Question: Why is Stafford loan showing up as 6 accounts on credit report? Will it affect his credit for a mortgage loan?

I just ran my husband's credit report and noticed that six different accounts appear for his Stafford Loan for graduate school. The loans are all through the same bank - Wachovia. Each semester they take out these loans so therefore it looks like he gets a new student loan every 6/7 months. First, can we correct this? Second, why are there six different accounts? Third, will this affect his credit score and therefore our chances of a lower interest rate on a home mortgage? Any information would be very helpful - I don't even know where to begin. more

Voting Question: Very Frustrated and don't know what to do about this woman.....?

Sorry so long, but I want everyone to be sure they have all the infomation. I had a baby sitting job for a very short amount of time. I was watching two children ages 11 months and 8 years old. I watched them on average 2 days a week and sometimes 3 days a week and not always were they full days. I was providing two meals, all drinks, and snacks and often diapers. Providing transportation occassionally also for one way. I was being paid 600$ a month. I quit watching the kids with one and ahalf days left in the month that I was suppose to be doing it due to some violent behavior the oldest was showing (He threw a chair at me twice when I asked him to sit down in time out and hit me when I told him that that was NOT Ok! The second time the chair almost hit my own little girl who is 12 months.). I decided I couldnt risk this behavior around my little girl. When I was asked for the remaining money back for the day and a half I did not watch the kids, I told her i felt inclind to keep it to re enburse me for the diapers and snacks I asked her to provide inwhich she didnt do. An arguement ensued, so I told her that I really didnt care to fight, so I would pay her back and just count my losses to just be done with this situation. I told her I didnt have it at that point though due to HUGE vet bills that had encured with my dog which had set me behind on my mortgage, but I would get it to her as soon as I had it and if we could work something out. She threated to take me to court and to call the police...I was like, ok..please do. This was three weeks ago. Today, I recieved a phone call from Welfare saying they got word of me babysitting and running a day care and that my benifits (Food stamps) were at stake. I am not running a day care or bringing kids in and out of my home. They needed help with their kids (They were my hubbies co workers) and we could use the extra money, I was doing it to help them out as it would also help us out, I figured everyone would win). But it didnt last even a month.... We are low income and struggle to make it sometimes. This baby sitting job was a one time deal, I tried it for a month and it didnt work out, so no, I didnt report it and I wont be doing it again. I was told you didnt have to report incom euntill you made over $1,000 in which I obiviously did not. This woman is looking to cause trouble for my family and I am really upset over this because she is looking to take food from my daughters mouth by reporting this as a "steady" job, which I am not working or babysitting or running a day care... I am a stay at home mom caring for only my child I fear she is going to call CPS and make false reports also....which I am not to concerned about, they would look at my home and my daughter and have no concerns I am sure..but I dont want to deal with the stress of it...I kind of feel I am being harassed.... Is there anything I can do about this woman and her accusations other than just meet them head on as they come? I dont want to contact her due to wanting to avoid more conflict and trouble...Im really aggravated.... sorry so long......I think I got all the information correct and shared anything that might be valuable in answering this....what do I do about this woman?Just a few quick extra details: My husband no longer works with her boy friend. He since got a new job. I choose to be a stay at home mom and make sacrafices of an extra income because I would rather have my daughter have mommy care rather than day care...personal choice, I am lucky to be able to have that choice when others dont. I left a message for the investigator for welfare stating that I was babysitting for a short amount of time and that it did not work out. I will call him again in the morning and try to reach him. This was a whim thing, it sounds like a good idea..didnt put to much thought into it and I will not be taking in any more children...dont know what I was thinking. Certainly not that this might ever happen..lol We do not get much benifits from welfare, just a very small amount. we pay for our own health care and all. We just accecpt what we need to get by and nothing more. Thanks for all of your help everyone!!! more

Resolved Question: My boyfriend's ex-wife is harassing us over a tax stimulus check, what should we do?

My current boyfriend is a great guy, and loving father of 2 daughters from his first marriage. He was married to his second wife for just a little over 3 years. I have been a co-worker and friend of his during his marriage. She is an exotic dancer who chooses not to dance or get a real job. About 2 years ago, she went through his phone and started calling all the women and accusing them of having affairs with him. This included myself and several women that we work with and his other friends including florists and other female business contacts. All of which was unfounded and not true. His wife kept the numbers she found and would sporadically call us insinuating there was an affair. She would also text graphic an sexual language from his cell phone trying to provoke some seedy or romantic information to try and validate her claims of an affair. Again, there was nothing. During their separation, she stayed in their house with her two children from her previous marriage. It was agreed between the two of them that they would split the mortgage 50/50. He was paying her his half and she was pocketing the money knowing that she did not want the house after the divorce. This totaled approx $7000.00 over a 3 month time period. She did not disclose this to him and since all the mail was still going to house, he did not receive it. After getting back into the now trashed house (carpets ruined, cabinets broken, spray paint on walls) he learned that she had not been making the payments. She was (of course) not cooperative with the divorce paperwork but they finally came to the agreement that they would 50/50 their last years tax return, he would try to get the house financed under his name alone (now that she ruined their credit it was going to be hard), they would both get one vehicle that they were financially responsible for, and they would go their seperate ways. They were both in understanding that she owed him $3000.00 for the money she pocketed in the mortgage payments. Their tax stimulus check was just received and deposited in his bank account. She has since been texting both him and I that she is going to get him fired by going to our boss and claiming that he is committing tax fraud because he is keeping the stimulus check. The stimulus check does not even cover half of the money owed to him by her, and it was legally deposited into his checking account by the IRS. He has told her that she was not getting anything from him financially that was not in the finalized court documents because of the high amount of debt she left him with. In their divorce paperwork the only monetary item agreed on in reference to taxes was the actual tax return, which was generous because she did not have any income for that year by her own choice. She has always sent me nasty text messages, including the typical "I heard you are ugly" and stuff like that, to claiming that he beats his children and to fear for the life of my dog because it will be beaten too. Now with this whole stimulus check thing, she is sending me messages that if I don't tell him to pay her she will get him fired by claiming tax fraud, child abuse, and that he was stealing money from charity events. All of which, again, is untrue. She also is threatening us that she is going to tell our boss that our co-workers/friends were having extra-marital affairs (which is also untrue) in an attempt to make us feel bad about ruining someone else's marriage. All of her aligations are untrue and we are not worried about that. He told her to take him to civil court if she wants to and see what the judge decides. It would be easy to just give it to her to make her shut up, but everytime she needs money she pops up with new threats. She has been doing this since their divorce. If she needs car tabs, clothes, beauty treatments, car payment money, or anything she starts making new claims. If we pay her now, she knows she will be able to continue to do this. What's the right thing to do? What should I do about the constant text messages? And would any of this constitute Slander or Extortion? p.s. sorry for the long story, but i appreciate any suggestions!  more

Resolved Question: Trying to Buy this house?

I made an offer on an REO house, the selling agent we've been working with came back and said there's another offer and we're going to do a better and best. Now, I don't know for sure if there really is another offer, for many reasons I won't go into. Okay, so we made a second offer. The mortgage broker said it was a good offer and the agent acted as though it was good too, so i feel confident. The mortgage person said we should know in a couple of days. Okay, our offer has one contingency, we want the furnace to be put in. When I mentioned this in my first question, everyone tore it down and flooded me with negativity. Well, it is a house code violation and the bank knows they won't get their money, so it IS fair to ask for this. Anyways, the bank says they will put the furnace in if we can prove that our funds will be available. So the mortgage company wrote a letter to the bank stating that if the bank puts the furnace in before or one day after the closing date, we will recieve funding. Okay, so my question finally is...how does this sound? Have you been in this situation? I'm fairly confident this is going to happen and we want it very badly. It's so stressful but its been fun too. Also, we did this yesterday, I'm thinking that if we don't hear from the agent by tomorrow afternoon, we're going to contact her and get some information. This couldn't hurt, right? Either she will know or she won't. So, please don't talk to me about the bank taking their time, they've been pretty quick so far. Please don't flood me with a bunch of negativity again either. I don't want to sound rude, but I would really just like some honest feedback about what you think. Thanks for answering :)sure, daeve. I hope you come back to check this... We were told to make a second offer because there's another bidder and their offer was close to ours so the bank wants to see who's is best. This, I believe, was a trick to get more money out of us. And I am still not convinced that there is another bidder. There is no furnace and no other heating in the house. It must be fixed. Also, to the first answer, i'm sorry I forgot the name...I'm not saying the bank is obligated. But they know they nobody will recieve funding if the house is without a furnace, and in Michigans economy, nobody is going to put in a furnace and risk eating it if something goes wrong. So, sure they're not obligated, but they know its something that has to be done if they want the sale. So, thats why we're sticking to our guns on that part. Thanks so much everybody, these are the kinds of answers I was hoping for =)oh and Lizzie, the leverage is they won't get their money and the deal will fall through. And I have a lawyer that is willing to look all of this over for me. more

Resolved Question: Get answers from millions of real people.?

Recently my home was foreclosed on in February, I also had a second mortgage with the same company, apparently one didn't talk to the other. My husband passed away this year in May. Now the second mortgage company which is the same as the 1st mortgage is trying to collect. Since there is no more collaterol for the second mortgage, do I have to pay that loan as well. I was the primary on the loan. The loans were with Homecomings Financial. We had made the payments, but they said we didn't make the payments, although we had proof that they were made. Should I talk to an attorney, I really don't have the money to do that either. If anyone knows that law on this matter, I would be very happy to get some further information. Thank you for your assistance. more

Resolved Question: What is the difference between a mortgage and a second mortgage?

and where can I find detailed information about both and their differences? more

Resolved Question: Looking to build up a property rental portfolio help needed please? (UK)?

I am looking at buying a second home in my area to rent it out. The mortgage brokers have said I can do this by releasing the equity in my home to put down as a deposit. I had plans to buy a second property that needed a bit of work, so I could then release the equity and do it all over again. Only I have looked at some figures and I can buy a house for about 90k, I wouldnt make much of a profit from the monthly rent but am looking for more of a long term investment (approx £50 a month profit) however if I remortgaged this property for approx 110k that would take my monthly payments over what I could make as a rental income. So what I am basically asking is how do other people build up a big portfolio of rental properties with all this information in mind? Any help greatly appreciated. more

Resolved Question: Can anyone point me to where to find a govt mortgage help program?

I have a high interest second, and arm on my 1st that will recast soon. Please don't respond with your brokerage information.. not looking for that. There is supposedly a new Federal program where they will drop the value of your home to market values and allow you to refi in a lower rate and home value if you stay vs foreclosing? anyone have any direction here? Thanks! more

Resolved Question: What do you think debt collectors want to hear?

Do you think debt collectors want to hear something like this "yes, I know about that debt I have and I'll pay you $400 right now, here is my account number and ..." or do you think they honestly want to hear the truth that you can't pay anything since you do not have any funds or you do not have any funds put away for that bill (due to you paying your mortgage, your car payment, your car insurance, your gasoline, your food, your ulitities etc....so you can continue to work, eat and live). Second question. I've had debt collectors ask if I have any brothers or sisters that I could "borrow" money from (I'm an only child) and they go on and on asking if I have friends to help me out. Now, I know this goes against their FDCPA rules But what they DO with the information once you tell them that you do not know people like that? Do they write it down or something? I'd answer them honestly-I don't have friends that can help me with money, they have their own bills!One more detail. I don't talk to them anymore. Once in a great while I get a phone call. Writing a cease and desist with the FDCPA guidelines works every time!It's funny Studly, you should say that. I had one credit collector talk to my mother. This female (can't call her a lady) had the audacity to ask my mother if I could "Sell my clothes" so I could pay my credit card payment. Ha! Like I shop at Sacks 5th Ave or something like that? My mom told her, she (me) does not have clothes like that, besides her clothes are old and many are from second hand stores. What do you want her to wear? I'm not sure if she was fired for that. They'll do or say anything to get paid I guess. more

Resolved Question: Econ Question, housing prices/mortgage rates?

I answered the question but i'm not sure if my answer is fully correct or if i need more information Here is the question: You read in the newspaper the following two pieces of information: First, mortgage rates rise from 6% to 8% and second, the expected rate of increase in housing prices rises from 4% to 8%. Do you think this news can affect people's decisions on buying houses? How and why? Answer: Im thinking that this news will negatively effect people to buy houses becuse houses will be more expensive and the cost of maintaining the house will also require more funds. However, I don't really know if it can positively effect people as well because since housing prices go up, there is a greater rate of return on the house (i'm not sure if I got this right). Can you tell me if I said something that was off or I can add something to my argument. Thanks xD more

Resolved Question: Instructions for that new device you bought?

1. UNPACKING THE DEVICE The device is encased in foam to protect it from the Shipping People, who like nothing more than to jab spears into outgoing boxes. Please inspect the contents carefully for evidence of spear jabs or bottle caps, pull tabs, candy wrappers and Lord knows what else. WARNING: Do not ever, as long as you live, throw away the box or any of the pieces of styrofoam, especially the ones shaped like peanuts. If you attempt to return the device to the store, and you are missing one single peanut, the store personnel will laugh in the chilling manner exhibited by Joseph Stalin just after he enslaved Eastern Europe. Besides the device, the box should contain: * Eight little rectangular snippets of paper that say 'WARNING' * A little plastic packet containing four 5/17 inch pilfer grommets * Two club-ended 6/93 inch boxcar prawns You will need to supply: * a matrix wrench * 60,000 feet of tram cable. If anything is damaged or missing: You immediately should turn to your spouse and say 'Margaret, you know why this country can't make a car that can get all the way through the drive-through at Burger King without a major transmission overhaul? Because nobody cares, that's why.' WARNING: This is assuming your spouse's name is Margaret, and not something else. 2. PLUGGING IN THE DEVICE The plug on this device represents the latest thinking of the electrical industry's Plug Mutation Group, which, in a continuing effort to prevent consumers from causing hazardous electrical current to flow through their appliances, developed the Three-Pronged Plug, then the plug where one prong is bigger than the other. Your device is equipped with the revolutionary new plug whose prongs consist of six small religious figurines made of chocolate. Adapters are sold separately and require 16 weeks for delivery. Please call 1-900-YOU-FOOL for current pricing. (You must be 18 or older to call; $17.95/minute. Average call duration: 3 hours) Do not try to plug it in! Lay it gently on the floor near an outlet, but out of direct sunlight, and clean it first with a damp handkerchief. Then, give us a call. 3. OPERATION OF THE DEVICE WARNING: We manufacture only the attractive designer case. The actual working parts are manufactured in Japan. The instructions were translated by Mrs. Shirley Peltwater of accounts receivable, who has never actually been to Japan (or anywhere else for that matter), but has a second cousin who once was. INSTRUCTIONS: For results that can be the finest, we advising that: NEVER to hold these buttons two times!! Except the battery. Next taking the (something) earth section may cause a large occurrence! However. If this is not a trouble, such rotation is a very maintenance action, as a kindly (something) virepoint from Drawing B. 4. WARRANTY Be it hereby known that this device, together with (but not excluding) all those certain parts thereunto, shall be warranted against all defects, failures and malfunctions as shall occur between now and next Thursday afternoon and shall be repaired/replaced at no cost to the owner. After that time, a slight service and shipping charge shall apply. Information on this extended warranty is available from Mr. Lance Haskill of the Last National Bank's Third Mortgage Department in Last Gasp, Wyoming. This warranty does not cover the attractive designer case. more

Resolved Question: I have a second charge on a property with an order for sale from court. How do i enforce sale?

I was conned out of £10,000. I went to court and got an order for sale of his property. The first charge on the property is with Halifax. I have found that he was behind with mortgage payments through a redemption statement. Halifax will not disclose any information the property due to the Data protection act. I need to know when halifax would take action on possession of the house. The house has been empty for a long time and looks like nothing is being done. I am worried that with house prices falling that due to my second charge i will be left with nothing!!! I would also like to know if it is possible to take possession of other assets ....because at the moment he is driving around in a £50k car that I probably paid towards....Please if anyone can help........let me know....Thank you...Any advice please... more

Resolved Question: Can you sue your mortgage company for reporting incorrect info on your credit report?

We have a mortgage with option one mortgage they have been terrible to deal with from the begining. We have made all our payments on time. They are reporting to the credit bureaus that we have been late 3 times on our first mortgage and once on the second mortgage i have papers i printed off option one mortgage's website pertaining to my account information and the credit of payments to my account's with option one mortgage. They plainly state the payments were not made 30 days late i have disputed these items with all 3 credit bureaus for over a year now. I have also disputed these with the mortgage company and get no where! The credit bureaus just tell me the information was verified and it remains on my credit but it is incorrect information i have sent the credit bureaus copys that shows the payments were not late! I dont know how they come to these conclusions! option one keeps reporting this even though i have papers printed off their own website that shows otherwise!I have been trying to find out what kind of lawyer i should contact for something like this but have been unable to find that out if anyone could point me in the right direction it would be much appreciated! more

Voting Question: I bought a second mortgage?

Wow, sad story. Bought a second mortgage thinking it was a first. Have bought first before and usually have all the information right, but screwed up for the fix and flip we thought we were buying. Now find out the first mortgage being foreclosed is about the same as the value of the house. Now as I understand, the second was actually three times what we paid. Would not get that back in auction, but wonder if there is some way to sell it again? Not sure what we can do except: 1. Take our losses and learn a lesson I wish I hadn't 2. Offer an amount on the first mortgage to see if we can cut our losses with a fix and flip anyway. Is there another way out? Has anyone bought a second mortgage without buying the first as well and got their money (or profit back)? Painfully awaiting any knowledgeable answers. more

Resolved Question: Money--where did the Obama's US$1.65million in cash come from?

Senator Obama has had an inspiring rise to national prominence. However, this rise is dogged by a lack of crucial information, especially as related to the Senator and Mrs. Obama's finances. In a May 2004 profile in The New Yorker magazine, Senator Obama is quoted to say that in order for the Obama family to be able to survive financially during his 2004 run for the US Senate seat representing Illinois, he and Mrs. Obama had had to take out a second mortgage on their Hyde Park apartment. The Hyde Park area of Chicago might be described as Bohemian rather than well off or even upper middle class. The Senator is duly elected and in January 2005 takes his seat in the US Senate. In June 2005, the Obamas purchase for cash the home in which they now reside when in Chicago. This home cost US$1.65million. It was paid for in cash. This is a remarkable financial turn around from May 2004 when the Obamas needed a 2nd mortgage on an apartment worth at best US$300,000. There seems to be no explanation for how Senator and Mrs. Obama got the US$1.65million in cash to purchase their home. There is no increase in salary, no gifts, no inheritances, no book deals or additional royalties cited in the released financial records which could account for this inflow of funds which amounts to 8 times the couple's pretax declared income of 2004 and 10 times the salary paid to a US Senator (S162,5000 pa), which the Senator had only earned for 6 months prior to the acquisition of the new home. The Senator and Mrs. Obama have not addressed the issue of where the money came from which enabled them to purchase the lovely mansion in the best part of Chicago. more

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