To get rid of bankruptcy home loan may be deposited, which is 60% more than the value of my property / guarantees?

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Posted on Oct 15, 2011 | 7 comments

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Chapter 7 bankruptcy filing shows the response to Chapter 13, which appears to me to just buy time, but the mortgage is due.
Excellent credit score from 20% to the bottom, with the exception of any student loan debt (postponed during the suspension), retirement savings and assets and two cars paid. The problem will move as a new job (profession) to get. Men will call for evidence of salary (to be a doctor that she needed), but did not begin until and including July has participated in the site if necessary. Want to use the tax credit, if possible.

You can refinance the house, where the value of the loan principal is more than the current value of the home?

I would like to refinance my interest rate is currently almost 8% and pay my monthly mortgage ~ 1,250.00. But the amount of the loan principal is currently estimated at ...

Consolidation loan for more than the value of my home?

A financial institution has made an offer to combine all of my credit card debt ($ 35,000), my mortgage ($ 120,000) and my second mortgage ($ 29,000) ...

How hard is it to get a blanket mortgage or a loan for more than one property?

My credit score is a 650 and I would like to purchase 3 properties at one time, the properties are priced at $ 19,999.00 and $ 24,000.00 ...

How to refinance a mortgage do I do if my country is more than the value of the property?

My husband and I bought our apartment with two loans from the Bank of America: 5 / 1% [email protected] and 2% [email protected] I would like for us to refinance the ...

would my mortgage holder be more willing to work with a loan modification if home is valued less than owed?

My homes value has dropped significantly with all the foreclosures in my area. Appraised at just 68,000! I owe 178,000! Would my mortgage company be more willing ...

Can a home loan for more than the purchase price of the house?

If a person wants some changes or room to grow, to make the loan was for more of the house too late for that? If so, how much more? This, ...

How do first time home buyers with less than perfect credit get a loan? NO MORTGAGE BROKERS RESPOND , PLEASE!?

We want to help my nephew buy our little condo. He and his wife pay 800/month rent now and probably can't afford much else.. We would sell it to them ...

I can not get a loan for more than just the context (to improve)?

If I remember correctly, the bank loan, only for the fate of House werd.Daar worth is negative in our region that does not happen when a seller's market ... Frankly, ...

i’m behind 19 payments on my mortgage my loan is worth more then my home HUD is helping out but! the out come?

loan with bofa and they won't work with anyone always transferring the calls to other operators don't want to do a short sale or bankrupt,can't my home go so easy ...

Would anyone be able to explain the value of refinancing a home loan…?

I've recently purchased my parents home in order to free up income for them so they can live a better lifestyle and have more "throw" away income later in their ...

You can refinance the house, where the value

Consolidation loan for more than the value of

How hard is it to get a blanket

How to refinance a mortgage do I do

would my mortgage holder be more willing to

Can a home loan for more than the

How do first time home buyers with less

I can not get a loan for more

i’m behind 19 payments on my mortgage my

Would anyone be able to explain the value

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Community Answers

1-3-11

Beverly S says:

Yes- chpt. 7 only. It will ruin your credit for awhile though and is very hard to get unless you have extremely low or no income.


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1-3-11

Marian Martins says:

Need a loan online,one need to be careful because there are scammers everywhere.i was in financial mess but due to the scam cases online i was scared to apply until i was introduced to one kelly walsh loan firm by a close friend of mine.then i applied and my loan was transfered to me within 48hours after due processes.so am a living witness to kelly walsh loam company as a genuine loan firm that you can count on any day for prompt loan transaction. you can contact them on [email protected]


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1-3-11

Doctor Deth says:

don’t know, but if it does gets rid of the mortgage , it also gets rid of the house, meaning you won;t be able to stay there


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1-3-11

Rod says:

Why do you want to gett rid of the loan? How about reducing the amount that you owe and your monthly payment so you can afford to stay in your home? I am happy to answer your questions anytime.
Contact me [email protected]


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1-3-11

Age of Reason says:

You need to shop for a mortgage. Every lender is being extremely tightfisted. Try your local bank first. Wells Fargo is good. The tax credit ends April 30th. You will never make it.


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1-3-11

stoicchief says:

I would recommend trying out http://www.LendingTree.com. They extended the tax credit once so they may do it again.

If you are looking for a customizable home warranty to cover your house here is a link.
http://starnationalprotection.wordpress.com/2010/03/02/home-warranty-customizable-coverage-2/


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1-3-11

Santa Clara County Realtor says:

First of all verify that you qualify for the tax credit. If you don’t, then there is no reason to rush.

1. Do you and your husband make less then 245K. The limit is 225K for couples, but you can get partial credit up to 245K.

2. Neither of you have owned a home that was a principle residency in the last 3 years right?

3. Are you looking at homes costing 800K or less?

If so, go see a lender and have him verify your options. Lenders can use employment letter, but I’ve only seen that done when the job is eminent. There is one way that this makes easy sense though …

As long as you are in contract by April 30, and close by July 1, you can get the credit. So if the seller is willing to do a 2 month close…. your job start date may not be an issue.

In either case, make sure you see a lender…and then go find a house you want. The timing can work but you’ll have to work fast!

Good luck!!!


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