http://backend.userland.com/rss092 http://www.mortgagefit.com/rss/discuss.xml Through MortgageFit forums, the Community holds discussions on various issues that common people come across while dealing with professionals in the mortgage industry. The forum topics also highlight the knowledge and experiences shared by our Community sam.mortgagefit@gmail.com Tue, 06 Jan 2009 06:47:10 GMT en-us http://www.mortgagefit.com/michigan/selloff-house.html http://www.mortgagefit.com/michigan/selloff-house.html OK. I've posted before, but here's the short story again: I own a house in Michigan. I live in Kentucky. I have about 140,000 left on the mortgage, and the house is worth about 125,000 if I'm lucky. So far, I've had no trouble paying the mortgage, because I've had a renter in there for two years. However, I just got a letter saying that she can't pay any more. Now my savings are being drained every month. I'm not in danger of missing any payments, but I want to just GET RID OF ... http://www.mortgagefit.com/foreclosure/protect-realestate.html http://www.mortgagefit.com/foreclosure/protect-realestate.html With rentals and primary house, foreclose on one, how to protect the others?...I have two properties that I can't pay on anymore (a lot in N. Carolina (2000/mo) and a house that won't rent in Atlanta (700/mo)). I am negative every month and don't have much cash left. I co-own 8 additional rental properties in various states with renters in them and they break even. I also co-own my primary house in California. I live in California. If I do short sales on the lot and the Atlanta house and the ... http://www.mortgagefit.com/loantalk/self-employed.html http://www.mortgagefit.com/loantalk/self-employed.html being self-employed our income tax return shows our final profit as under 20,000 but you have to remember all of our bills are being paid out of the gross amount we do not give ourself paychecks all bills are paid out of the company it is just my husband and myself so this seems to be a problem with mortgage companies http://www.mortgagefit.com/problems/shortsale-bank.html http://www.mortgagefit.com/problems/shortsale-bank.html We want the bank to take our house.(the one we are living in) We have had it for sale for two years. Can't sell it. We have another home that We want to move in to . what will happen. When the Bank sells this house, will they ask market value, or can they sell it for what ever they want too, than we have to pay the rest? The house is valued at 125,000 and we owe 114,000 . We feel we are paying on a dead horse. Can they take our money we have in the bank? What can happen. Please help, we can'... http://www.mortgagefit.com/problems/dil-advantage.html http://www.mortgagefit.com/problems/dil-advantage.html Will it be to my advantage to pursue a deed in lieu once I have defaulted my first payment...I do have a refinanced loan (interest only) and was needing to default this month. Will it be to my advantage to pursue a deed in lieu once I have defaulted my first payment? I owe $178,000 and I believe the fair market value is around $70,000. 1bdrm condo in Concord,ca ...or should I borrow a mortgage payment from my family to keep from defaulting before I start requesting a deed in lieu. ... http://www.mortgagefit.com/loantalk/fha-580score.html http://www.mortgagefit.com/loantalk/fha-580score.html The lender we are working with won't use me on the loan because my score is a 537. My husband's is over 580 so they want to just use him. The only problem is that limits our purchase to $50000 or less. We did find a HUD home that we are bidding on for $50000 but if they don't accept it we will have to figure something else out. Any suggestions? I am trying to raise my score but it takes time. Thank you. http://www.mortgagefit.com/propertytransfer/adjacent-lots.html http://www.mortgagefit.com/propertytransfer/adjacent-lots.html We have been approched to buy 2 lots ajacent to our home by our Neighbor...debating if we decide to buy the property should we refinance or get a 2nd motgatage lots are 50x100 in Miami Dade county. land vaulue is 130k each he wants 250k for both...Maybe find about about owner financing. he is elderly widower and the home that was there was destroyed in fire 3 years ago he had no insurance and was unable to rebuild, any advice will be welcomed Ana http://www.mortgagefit.com/appraisal/property-taxes.html http://www.mortgagefit.com/appraisal/property-taxes.html Pretty confused about property appraisal and taxes... Can you guys tell me if property appraisal affects taxes which I pay? I am getting multiple answers for this...If after apraisal my property value falls, Does that I mean I need to pay less on the taxes… I would really appreciate if someone could help me here…. http://www.mortgagefit.com/refinance/fha-secureloan.html http://www.mortgagefit.com/refinance/fha-secureloan.html what if i have a current fha arm can i still qualify for fha secure. I am current but definatley need help becaue i can't hang on anymore. Does anyone know where to go about finding an fha secure lender in CA? http://www.mortgagefit.com/problems/loan-modify.html http://www.mortgagefit.com/problems/loan-modify.html I have a mortgage on a home that is higher than it is worth. I am disabled veteran and on fixed income. My bills are rising faster than my once a year pay increase. I tried to get a loan modification but the mortgage company sends me through hoops and loops and then denies the claims. I cannot find anyone to refinance me with the appraisal so low...what if I stop paying the mortgage and try to force them to modify? How badly will that effect my credit score which is close to 700... Someone help...