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08078 : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling1
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Activity 4
Mon Dec 8, 2014
Dan Tabit answered:
Beachbarbee,
Loans are sold constantly. They are packaged up as a bundle and sold as a group. Sometimes they include loans where the home owner is delinquent. Usually it's just a coincidence and isn't significant.
If you are behind on your mortgage, I'd encourage you to talk to your lender and let them know your plan to get caught up. Sometimes they can create a way to make it easier than just make two or three payments all at once. If you are too far behind, they can start foreclosure proceedings.
If you find yourself in this position, get some legal advice from an attorney who works with people in this position regularly. They may advise ways to stay in your home longer, help you get a loan modification, or advise a short sale. You'll need more specific advice than a site like this should offer.
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Wed Jan 30, 2013
Maria Cipollone answered:
When you finance a home, the Lender keep some money in your escrow account for property taxes and insurance of that property. And yes, even when the homeowner stop making the mortgage payment the Bank still have to pay the property taxes and homeowners insurance.

Best of Luck,

Maria Cipollone

Century 21 Tenace

www.Flahomespecialist.com
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Wed Jan 30, 2013
Maria Cipollone answered:
Of course is possible. You need to get some store credit cards, buy small items and pay right away.
This will appear in your credit report on the next 60 days and your credit score will go up. In the other hand, you should shop around for a mortgage broker that can explore your financial options and advice you.

Best of Luck,

Maria Cipollone

Century 21 Tenace

www.Flahomespecialist.com
... more
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