I’m not talking about what we’re seeing now. What would happen to my home/mortgage if all the other countries in the world collected the U.S.’s IOU’s and made the dollar worthless? They couldn’t ask for money. Would they foreclose on your house. It wouldn’t make sense because they couldn’t sell it to anyone else. What [...]

The house is in Las Vegas, and it’s a Primary home Mortgage. I live and work in Los Angeles, and I live in an apartment, I don’t own any other property. I was wondering, what would happen if I walk away from the Mortgage and foreclose it, would I still be in debt? Could the [...]

Lost 35% on value of home. I need to buy new home (i got 3 kids and we dont fit n need better school system). Have been trying to sell now on and off for 3 years. IS there a bank that would finance what I lose on the home selling under orginal mortgage, and [...]

I just refinanced my home last month and got a much lower rate and payment. Of course, this means my mortgage was paid off and a new loan was initiated. Does this affect my credit in a way that would hamper me being approved for a mortgage on a new investment property? Yes it could. [...]

My gut answer to this is no. I tend to think that a refi on my home mortgage for 30 years to consolidate a 4 -5 year auto loan only extends my payments and in another 5 years or so I will have to get another auto. If you want to find the lowest auto [...]

I have debt from my old business and now I am a student. However we deligently paying monthly minimum payment. To purchase a home I am willing to put 5% down. With me and my spouse we have more than required income to pay monthly mortgage and other expenses. What are the chances of obtaining [...]

only afford a $200,000 home? Mortgage brokers,offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments and exploding interest rates. Real estate agents, most of whom work for the sellers rather than the buyers, earned higher commissions from selling more expensive homes. The Housing Act (from 1994!!!) DIDN’T force any bank to make [...]

I hear there is a new refinance program to help home owners who have been making their mortgage payments. If anyone has any knowledge and/or credible web sites to view, I would be so appreciative. I am curious to know what the qualification criteria is and how to get things started. Thanks! Just curious but [...]

Is it better to co-sign vs 1 of us sign for 1st home mortgage specifically for taxes immediately, and buying a 2nd home later on? Clarification please. Are you asking if it is better to get the home in both of your names or just in one in case you want to buy a second [...]

I am waiting for my attorney to get back to me next week. In the meantime if anyone knows the answer to this, I would really appreciate it. I have already filed and had my court date for my Chapter 7 bankruptcy. My Chapter 7 bankruptcy will be finalized on January 30 2007, and I [...]