‘Lender’ Tagged Posts
How long will it take the lender usually to make a decision on a deed in lieu?
My application is currently with the under writer. What goes on at this stage? I know they review the packet and financials but was else do they look at? I guess I am wondering how long does it usually take for an answer once it gets to this stage? Thankswould [...]
what letter can I send a lender to stop calling as I start the foreclosure process?
I am about to start the foreclosure process. I know the lenders will send mail, but is there a way to get them to stop calling my home and buisness? I heard that you can send a letter to the lender and they have to quit calling and can only contact you [...]
Can anyone help me find a lender to help stop foreclosure?
My husband is a self-employed lobster fisherman, and last year he injured his back and was unable to work for 3 months. During that time, we fell behind on all our payments, and have spent an extremely stressful year trying to get caught up. Our current mortgage lender has demanded all back payments [...]
What is a Short Sale? How Do I Negotiate a Short Sale With My Lender?
A short sale is a great way to sell your home and avoid the credit consequences of foreclosure. A short sale is basically the negotiation with the lien holder for a payment of less then you owe. . If [...]
How long does a short sale take once the lender has reviewed our offer?
My fiancee and I made an offer on a short sale property on June 23rd. The bank came back to us today with a contract addendum signed by them and the selling agent. Any idea on how long this process can take from today on? Any insight on the situation would be great [...]
My mortgage lender, Wells Fargo, sent me an application for the Making Home Affordable program – any thoughts?
My husband and I recently filed chapter 7 bankruptcy on everything but our home and car due to him losing his job with zero unemployment benefits for 6 months. It was horrible and we could never catch up with all the crazy over the limit and late fees on our credit cards. Anyway, I [...]
How can the appraised value of a home be ok with a mortgage lender yet be too high for a PMI company?
The conventional mortgage with 90% ltv for a home I am buying next week has been approved by the mortgage company based on the appraisal the mortgage lender sent out however the PMI company believes the home is worth about $15000 less than the appraiser says it is worth. What gives? If this [...]
Why do I have to be pre-approved by the foreclosed home’s bank if I’m not using them as my lender?
I found a house I want to make an offer on. I have already been pre-approved by my lender, yet the realtor said that in order to put an offer on this home, I have to have a pre-approval letter from the foreclosed home’s bank, even if I’m not using them as my [...]
Fha Mortgage Lender Florida, Fha Loan Florida,
FHA mortgage Florida, FHA Loan Florida For first time home buyers and other Florida mortgage applicants the FHA loan can have key advantages: Other FHA Mortgage loan Advantages Include:Minimal Down Payment and Closing Costs. Down payment less than 3. 5% of Sales [...]