- 194 Answers
- 2 Best Answers
- 39 First Answers
- 24 Useful Answers
Challenge me to get your mortgage approved! I have done low risk, high risk, tough mortgage financing and straight answers since 1994. I also do FHA loans. I look at all situations and promise best effort and 14 years of experience. Call me anytime (248) 974-4444 including weekends and evenings (direct-no phone tag)..I may be in Michigan, but I can close you in your own backyard, in any state.
Bob McClure-…'s Questions (2)
Bob McClure-…'s Answers (194)
Bob McClure- Mortgage Origination answered:
good afternoon...you are still due the child support arrearage even if the house is foreclosed upon...the lien is just supposed to be added protection for you...encumbering a financial interest he has to be sure you are paid......the lien will show on title and have to paid in full at the closing, or at you and the court's discretion, either released or paid down....or paid off....what needs to be determined is if he will be getting any proceeds at closing...if it approaching forelclosure...he will probably end up with nothing.....or loose the home or both...i suggest sending the judgement against him for the support arrearage to the florida dept. of treasury and the irs to capture any refunds he may be entitled to....you can also subpoena his bank records and garnish not only his accts. but his paychecks...i hope that helps....bob mcclure- mortgage now- farmington, michigan....licensed in 22 states including your's... - Wed Nov 12 2008, 13:47
Bob McClure- Mortgage Origination answered:
good morning..fha is the best way to go....3.5% down and ask the seller to pay all the closing costs and pre-paids....the feds are offering a $7,500 tax credit .....it would give you an amount back when filing your 2008 tax returns greater than the money you would need to close.......i have a link on my website with all the details of the program...i hope that helps...bob mcclure- mortgage now- farmington, michigan...licensed in 22 states including your's... - Wed Nov 12 2008, 05:11
Bob McClure- Mortgage Origination answered:
good morning.....the employer cannot be on title with you and husband, but can gift the money for the downpayment.....the gift funds would need to be routed through a direct relative as a gift, or from his employer is also acceptable....to you or your husband...fha is your best bet....i hope that helps..bob mcclure- mortgage now- farmington, michigan..licensed in 22 states including yours...... - Fri Nov 7 2008, 07:42
Bob McClure- Mortgage Origination answered:
good afternoon...if you sell at the going market rate now, would you loose more $ than you would gain by buying right and fixing the new purchase after the market comes back?......if so, stay in your existing home....also, you can pull some cash out of your existing home to purchase the new one....it would mean leasing your existing home and keeping the new payment strong enough to debt service the new monthly payment...then sell it when the market returns....remember, when qualifying for the new home...whatever the new lease states you willl be collecting for rent, 75% of the lease is what is used to help zero down the new payment when qualifying for the next purchase......i hope that helps....licensed in 22 states including your's.....bob mcclure- mortgage now- farmington, michigan........ - Fri Oct 24 2008, 13:07
Bob McClure- Mortgage Origination answered:
good afternoon......hopefully your lease will let you buy a home without breaking the terms of the deal you signed..home prices in s.e. michigan right now are the lowest in years....the market will come back, but no one knows when..there are so many deals out there right now.......i suggest you agressively look for a home after you have narrowed down what part of oakland county you prefer to live in.....i hope that helps......best regards.....bob mcclure- mortgage now- farmington, michigan..... - Fri Oct 24 2008, 12:56
Report this profile
Fair Housing and Equal Opportunity