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It is possible to put ones mortgage leads up for sale by speaking to a financial adviser who specializes in home financing. It would also be possible to find information in financial magazines or books on the subject.
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∙ 10y ago
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If you put a bid in for a home for sale by Aegis Mortgage Corp and they have filed for bankruptcy will they still be able to sell it to you?
You can buy it from the bank
Will it affect my credit if I short-sale a house that I own but do not have my name on the mortgage?
To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale. Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house). If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.
What happens to the mortgage loan when bought on a tax deed sale who is responsible or will the bank put a lien on the property?
A mortgage IS a lien on the property. The bank already has an interest in the property that was perfected as soon as the mortgage was recorded in the land records. If you purchase property that is subject to a mortgage, the mortgage must be paid or the bank will take possession of the property by foreclosure.
What happens if a house with a mortgage is left to adult children who do not want to assume the mortgage?
The house has to be put up for sale and the profit will be divided between the children. You may also let the bank repossess the house if it has little value.
my property was sold at a foreclosure sale is there anyway to recover this property?
No you can't recover the property. It was sold to another person and they own it now and unless they put it up for sale they is no way for you to get it back. And regardless of whether or not they put it up for sale there is no way to recover the money you already paid toward the original mortgage note.
Where can one put a ranch for sale?
There are many ways in which one can put up a ranch for sale. These include the ranchandcountry website and also through most major real estate agencies.
Can a second mortgage put your home in foreclosure?
Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.
Can a lien be put on your home if you have no mortgage?
Yes, a lien is put on your home because you have liability and it doesn't matter whether you have mortgage or not.
What are the qualifications for getting a mortgage on a house?
Good credit and some money to put down is really helpful. Think about having 20% of the price of the house on hand to put down. If you don't, then you will probably have a 1st and 2nd mortgage right off the bat (you can refinance later into one big mortgage).
How do you post an item for sale?
Put a "For Sale" sign on it put a cell phone for sale a blackberry storm
Does the next of kin have to pay off a mortgage when the borrower has deceased?
Whoever inherits the house would need to either pay off the mortgage or refinance the house to take ownership of the house. The debt is not paid--unless the deceased had mortgage insurance--and the lien is still due. Of course, the house could be put up for sale, but only if payments are current and not in foreclosure.
If you are adding extra to your monthly mortgage payments to put in your escrow will your payments go down after one year?
no not neccesarily
