Why do rising house prices make it easier to refinance a mortgage?
Assuming there are rising housing prices, why would it be preferable to refinance a mortgage? Why would this lead to lower interest payments than the current loan? Did the assumption that house prices would always rise contribute towards the sub-prime mess?
Categories: Mortgage Tags: assumption, house prices, house refinance, housing prices, interest payments, mortgage lead, refinance mortgage
How do I get my ex-boyfriend off our mortgage note without refinancing?
My ex-boyfriend and I bought a house together in May of 2007. Long story short, in July 07 he quit his job to build his own business, in Dec 07 I was diagnosed with cancer, and my salary, credit, and disability paid most of our bills, including mortgage. We went on forebearance in October 08. We broke up in Feb of this year. He is in the process of moving out, and I want to keep the house. I qualify for Home Affordability Modification on my own, but would not qualify for a regular re-finance. I know a quit-claim just removes him from the title, but not the mortgage note. Even though I have been paying the mortgage on my own for many months, he is unsure about staying on the note in case I die or something. What other course do we have to remove him from the loan? It is a Freddie Mac loan serviced through Citimortgage. Is assumption or novation a possibility (I have only heard these terms, not sure about the details)?
Categories: Mortgage Tags: assumption, citimortgage, disability, forebearance, freddie mac, home affordability, mortgage refinancing, mortgage-note, own-business, Salary
Detective asked me to turn myself in but wont say what I’m being charged with
Quick run down... I am a contractor in california, my license expired last year.
Categories: Mortgage Tags: 1500-check-use, assumption, conversation, detective, detectives, expired-license, fallout, first job, general - criminal law, house, houses, job pay, license-expired, lie detector test, need-something, remainder, two-detectives
TRO disallowing my daughter from removing son from state of CA
My daughter resided in Orange County, CA with her son until Dec. of last year
Categories: Mortgage Tags: assumption, daughter, does-the-text, father, from-the-jag, incindentally, orange-county, seeking-legal, the-father, then-boyfriend
Arkansas State University Has Lied About Accreditation
Hi, Students who have paid for MSW degrees at Arkansas State University were told throughout the program that the only thing keeping the school from being accredited is that the school has to graduate the first class.
Categories: Mortgage Tags: arkansas state university, arkansas-state, assumption, first class, general - misc topics, lawyer-should, legal standpoint, licensing, life choices, msw degrees, msw program, other-classes, student-loans, students, such-as-getting, ter, the-assumption, university, university accreditation
PayPal Help – Simple Question/Concern
The story has some depth to it, but I'll try to keep it brief for the sake of the people trying to lend me a hand. I created a PayPal account with bogus information under the assumption that everybody could access my address/name, etc
Categories: Mortgage Tags: account, assumption, customer, internet, cyberlaw, ebay, keep-it-brief, Payment, paypal, responsibility, security, situation, thoughts
Judgments–Commercial Lease
My business fell apart over the summer, in which I had to close the doors for good. According to my commercial lease with the property mgmt firm, I am obligated to pay rent for the space until it is re-let to someone else or until the end of the agreement.
Categories: Mortgage Tags: agreement, agreement-terms, assumption, close-the-doors, Commercial, obligations, over-the-summer, plan-on-paying, Property, rent, small claims, space, Summer, until-the-end, until-the-space
raising rent after lease renewal?
I live in New York City. My (non-rent controlled/stabilized) apartment lease had an initial term of one year, which ended on August 1. My lease also specifies that I must give the landlord 60 days notice of my intent not to renew
Categories: Mortgage Tags: additional-one, apartment-lease, assumption, fact-it-doesn, landlord, landlord-tenant, lease, recently-called, renewal, renewal-clause, rent, simply-states, though-it-seems
Employer holding paychecks
I have been getting pressured by the owner of my company to "hold" (i.e. not deposit) two paychecks.
Categories: Mortgage Tags: assumption, check, check-as-pay, managers, missing, period, period-ending, salary, compensation, Summer, the-assumption
Wireless Account 8+ yrs. old, EQ won’t remove it.
Disputed this acct. with CRA. AT&T verified it . TU & EX have removed it. I closed this acct. in 7/2001, moved and never received a bill. Oversight on my part. This is the only bad account I have on my CBR. Showing past due $25 Current status: Open account/ CO DOFD 8/2001 DOF Major Delinquency Reported 5/2005 This is the OC. Should I send a DV letter? I'm not sure how to get them to remove this, when the account is over 8 yrs
Categories: General Credit Tags: account, acct, after-the-dofd, assumption, bad-account, cbr, cra, delinquency, dofd, eq, even-start, never-received, oversight, reported, thought-baddies, wireless account