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Do you have to make house payments if you are going to short sale your house?
Wiki User
∙ 12y ago
Typically on a short sale, the bank will expect you to pay the difference between the loan balance and the price that the house sells for. So if you stop making payments, you'll still owe all that money plus interest plus penalties. If money is tight (and it probably is) I'd suggest that you make a partial payment, like maybe half of your normal payment, so that the loan doesn't get delinquent and take you into foreclosure.
Wiki User
∙ 12y ago
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What does monthly housing payments mean?
It means that you have to make monthly payments on your house.
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
Can you still qualify to buy a house if you have low income?
Yes, possibly. You can buy a house for cash from savings or investment with no income at all, and then keep it as long as you can make the tax payments and other assessments. If your lack of income is "probably temporary" (like you're in prison for a short period, or "between jobs", or "in graduate school"), you may still qualify for a loan. If you cannot afford to pay the interest on a loan to purchase a house, then it is a really bad idea to consider buying a house. You will fail to make the payments and it will be taken away.
Can you make biweekly payments instead of monthly?
If you are referring to a vehicle, you can make as many payments during a month that you want. There are very few financial institutions or in-house financiers that won't accept a payment.
Is there government assistance for house payments?
is there any help out there to help make house payments
What does monthly housing payments mean?
It means that you have to make monthly payments on your house.
Do you still have to make mortgage payments on a short sale?
Yes.
If you make payments every month can you still lose your house?
No, because you are meeting the requirement's of the loan. It is when you stop paying the loan payments that you loose your house. Then, they have a reason to get their money back.
What are your monthly payments?
Monthy payments are payments you make every month, like a house payment, loan payment, water, electric, gas (for heating), phone, insurance if you pay monthly, etc.
How long can a spouse stay in the house after the mortgage holder dies and he or she can't make payments?
forever
Can you still qualify to buy a house if you have low income?
Yes, possibly. You can buy a house for cash from savings or investment with no income at all, and then keep it as long as you can make the tax payments and other assessments. If your lack of income is "probably temporary" (like you're in prison for a short period, or "between jobs", or "in graduate school"), you may still qualify for a loan. If you cannot afford to pay the interest on a loan to purchase a house, then it is a really bad idea to consider buying a house. You will fail to make the payments and it will be taken away.
Can you make biweekly payments instead of monthly?
If you are referring to a vehicle, you can make as many payments during a month that you want. There are very few financial institutions or in-house financiers that won't accept a payment.
You filed chap 7 bankruptcy 6 years ago and have been making payments can you give back the home to the lien holder without going through foreclosure?
You can give back the home to the lien holder without going through foreclosure. You just need to make arrangements with the lender. It is not smart at this point to surrender your house after so many payments.
If your house was not reaffirmed before your ch 7 was dismissed does your mortgage company have the right not to show on your credit reprt that you have a house and are making payments?
Yes. Failure to reaffirm means that you cannot be sued to recover a deficiency. You can still make the payments.
Can the cosigner sell the house if his name is not on the deed and the primary borrower has missed 3 payments?
No. If you are not on the deed, you can't sell the property. The only "right" you have as a cosigner is the obligation to make the payments.
What if your father is a co-borrower on your home you have paid all house payments for last 21 years He had to make payments for two month due to your being unemployed Can he kick me out of my home?
NO!
