Comments for Mortgage Q and A http://www.bullheadcityresources.com Mortgage questions answered Fri, 25 Feb 2011 04:05:37 -0500 hourly 1 http://wordpress.org/?v=3.0.4 Comment on Can your nickname be valid in a mortgage application by guest http://www.bullheadcityresources.com/can-your-nickname-be-valid-in-a-mortgage-application/#comment-641 guest Fri, 25 Feb 2011 04:05:37 +0000 #comment-641 The name on a mortgage application would have to be your names in full, lenders would not accept nicknames.Even if you changed your name by deed poll you would still have to decalre that and also the name you were known by previously The name on a mortgage application would have to be your names in full, lenders would not accept nicknames.Even if you changed your name by deed poll you would still have to decalre that and also the name you were known by previously

]]> Comment on What are the risk involved in mortgage backed security by guest http://www.bullheadcityresources.com/what-are-the-risk-involved-in-mortgage-backed-security/#comment-843 guest Fri, 25 Feb 2011 04:05:04 +0000 #comment-843 market risk market risk

]]> Comment on Can a second mortgage put your home in foreclosure by guest http://www.bullheadcityresources.com/can-a-second-mortgage-put-your-home-in-foreclosure/#comment-1021 guest Fri, 25 Feb 2011 04:05:01 +0000 #comment-1021 Yes, any unpaid mortgage can put your home in jeopardy of foreclosure. Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.

]]> Comment on Can you get a mortgage loan with horrible credit by guest http://www.bullheadcityresources.com/can-you-get-a-mortgage-loan-with-horrible-credit/#comment-791 guest Fri, 25 Feb 2011 04:03:59 +0000 #comment-791 Most probably No Most probably No

]]> Comment on Can you refinance if you are behind on mortgage payment by guest http://www.bullheadcityresources.com/can-you-refinance-if-you-are-behind-on-mortgage-payment/#comment-347 guest Fri, 25 Feb 2011 04:03:22 +0000 #comment-347 You would need to find a lender willing to loan you money. However, if you're behind on your mortgage you would not be a good credit risk. If you did find a lender willing to refinance it would likely be a predatory lender who would hit you with thousands of dollars in fees at the closing. You would owe more money and would still lose your home. Call the attorney general's office in your state to ask if there is an agency in your area where you could get credit counseling. You would need to find a lender willing to loan you money. However, if you’re behind on your mortgage you would not be a good credit risk. If you did find a lender willing to refinance it would likely be a predatory lender who would hit you with thousands of dollars in fees at the closing. You would owe more money and would still lose your home. Call the attorney general’s office in your state to ask if there is an agency in your area where you could get credit counseling.

]]> Comment on Does ex have to sign off a mortgage if we are divorced by guest http://www.bullheadcityresources.com/does-ex-have-to-sign-off-a-mortgage-if-we-are-divorced/#comment-926 guest Fri, 25 Feb 2011 04:02:56 +0000 #comment-926 Not necessarily. It would depend on the courts issued judgment. At times, when the mortgage is in both names, it stays in both names until the house is sold. Usually, this takes place when the children reach the age of emancipation (unless they are still in school as full-time students). Still, it depends on the judgement.A Different PerspectiveAny matters regarding real property, mortgages and deeds should be addressed at the time of the divorce. Banks are not bound by divorce agreements. Any changes in the mortgage must be approved and executed by the bank and must be in writing. Generally, the mortgage remains in both names until it is paid off. Not necessarily. It would depend on the courts issued judgment. At times, when the mortgage is in both names, it stays in both names until the house is sold. Usually, this takes place when the children reach the age of emancipation (unless they are still in school as full-time students). Still, it depends on the judgement.A Different PerspectiveAny matters regarding real property, mortgages and deeds should be addressed at the time of the divorce. Banks are not bound by divorce agreements. Any changes in the mortgage must be approved and executed by the bank and must be in writing. Generally, the mortgage remains in both names until it is paid off.

]]> Comment on With a Ch.7 can you reaffirm your first mortgage but have your second mortgage dismissed by guest http://www.bullheadcityresources.com/with-a-ch7-can-you-reaffirm-your-first-mortgage-but-have-your-second-mortgage-dismissed/#comment-56 guest Fri, 25 Feb 2011 04:02:28 +0000 #comment-56 Answer NO. The second mortgage is still secured by the property. Therefore it has to be reaffirmed or paid according to the stipulations of the lender. Answer

NO. The second mortgage is still secured by the property. Therefore it has to be reaffirmed or paid according to the stipulations of the lender.

]]> Comment on How can I research if a piece of property has a mortgage lien on it or not by guest http://www.bullheadcityresources.com/how-can-i-research-if-a-piece-of-property-has-a-mortgage-lien-on-it-or-not/#comment-928 guest Fri, 25 Feb 2011 04:00:10 +0000 #comment-928 Answer check the registry of deeds for the county in which the property is located. You'll need to know the owners name (Grantee) to search - or if you know the prior owners name(Grantor), you can find it that way as well. If you are lucky, the county has the records available on line. Good luck Answer

check the registry of deeds for the county in which the property is located. You’ll need to know the owners name (Grantee) to search – or if you know the prior owners name(Grantor), you can find it that way as well. If you are lucky, the county has the records available on line.

Good luck

]]> Comment on How do you file a mortgage lien by guest http://www.bullheadcityresources.com/how-do-you-file-a-mortgage-lien/#comment-244 guest Fri, 25 Feb 2011 03:59:13 +0000 #comment-244 You record the signed mortgage in the local land records office. You record the signed mortgage in the local land records office.

]]> Comment on If you default on a rental property mortgage loan can the mortgage company go after your assets by guest http://www.bullheadcityresources.com/if-you-default-on-a-rental-property-mortgage-loan-can-the-mortgage-company-go-after-your-assets/#comment-547 guest Fri, 25 Feb 2011 03:57:42 +0000 #comment-547 That depends on the state, and whether the financing was "non-recourse". The process you want to find out about is known as a "deficiency judgment". That depends on the state, and whether the financing was “non-recourse”. The process you want to find out about is known as a “deficiency judgment”.

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