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Chris L. Christie
"Certified Mortgage Planner"
- 16 Helpful Answers
- 58 Answers
- 1 Blog post
Locations:
Web sites:
Profile Link:
Specialties:
Conventional, FHA, VA and SONYMA Mortgage Loans.
Renovation, 203K and Construction Loans ... show more
Renovation, 203K and Construction Loans ... show more
Certifications
& Awards:
& Awards:
Certified Mortgage Planning Specialist
Licensed New York State Loan Originator. Also Licensed in NJ, CT and FL. ... show more
Licensed New York State Loan Originator. Also Licensed in NJ, CT and FL. ... show more
Interests:
Our family is the most important interest to me and my wife.
Former Board ... show more
Former Board ... show more
About:
I'm a Certified Mortgage Planning Specialist, a mortgage loan professional for over 20 years originating loans throughout this wonderful country. I'm considered
... show more
Testimonials:
"Dear Chris,
We wanted to send you a note to thank you for all your help and patience while working with us. You were always available, understanding ... show more
We wanted to send you a note to thank you for all your help and patience while working with us. You were always available, understanding ... show more
Chris L. Christie answered:
Pahm,
I wonder about who gave you this information. HUD.gov is the official site for the FHA. The FHA provides mortgage insurance for loans underwritten according to their GINNIEMAE guidelines. Some of your questions can be answered there.
For your questions that are lender servicer based...
- An early payment default is when the borrower does not make their first payment(s) due to the servicing lender.
-One missed payment in 24 months is not an early default...it is a late payment. When that situation occurs, it is advisable to call the lender and inform them about the inability to make the payment in a timely basis.
- A bank cannot "arrive at your house demanding payments or come after your personal assets". They can call and during their discussions you may be advised to sell any assets that have value, and not be important to your livelyhood.
- The lender/servicer may also advise you to consult with a HUD Approved housing counselor near you.
HUD has a program that assists current homeowners that are experiencing financial hardships.
Believe me, the last thing they want is to foreclose on another home!
The important issue is that a borrower should avoid foreclosure using any and all legal means.
I wonder about who gave you this information. HUD.gov is the official site for the FHA. The FHA provides mortgage insurance for loans underwritten according to their GINNIEMAE guidelines. Some of your questions can be answered there.
For your questions that are lender servicer based...
- An early payment default is when the borrower does not make their first payment(s) due to the servicing lender.
-One missed payment in 24 months is not an early default...it is a late payment. When that situation occurs, it is advisable to call the lender and inform them about the inability to make the payment in a timely basis.
- A bank cannot "arrive at your house demanding payments or come after your personal assets". They can call and during their discussions you may be advised to sell any assets that have value, and not be important to your livelyhood.
- The lender/servicer may also advise you to consult with a HUD Approved housing counselor near you.
HUD has a program that assists current homeowners that are experiencing financial hardships.
Believe me, the last thing they want is to foreclose on another home!
The important issue is that a borrower should avoid foreclosure using any and all legal means.
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