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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Bank"

The Four Options the Bank has When There is a Foreclosure Deficiency

One of the most common questions that a homeowner looking for help with their pending foreclosure asks is – what will the bank do to me if there is a defiency owed? Before I answer that question let me first discuss what I mean by deficiency. When your property is distressed and is facing foreclosure there is often a deficiency owed your lender/bank after a short sale, foreclosure auction, deed-in-lieu-of-foreclosure, etc. In other words the bank only receives back an amount less (i.e. deficient) than what they lent you. That difference of what they were paid back and what you borrowed from them is the “deficiency”. The bank has a number of options to deal with the deficiency you owe them. I want to point out here that the method you use … Read entire article »

Filed under: Foreclosure Help, Foreclosure Law, Insolvency

What Answers Does Bank Of America Loan Modification Program Provides To Your Home Mortgage

Government home affordable modification program brought good hope and prospects for the financially ailing homeowners who are not able to pay the home mortgage. Under the HAMP, the individual mortgage homeowner will pay lower interest rates on the mortgage. There are several servicers who are providing federal home improvement programs like HAMP and HARP, and Bank of America Loan Modification Program is one of them. You need to make sure that the debt-to-income ratio should not be below 31% and you should also get through income verification process and also mortgage loan trial modification by the servicer. Here are few points which you should consider when going for B of A Loan Modification. Be Patient There are struggling homeowners whose applications have been declined at least 2-5 times. Such homeowners had their re-application approved … Read entire article »

Filed under: Mortgage Refinancing

What is the best way to settle your debt. Should I contact Credit card bank or debt relief company to settle?

I am a single parent and have close to $ 15,000 in credit card debt. I tried calling credit card company to make an offer in lower amount. Do you think if credit card company settle with in lower amount of payment would it affect my credit history. What is the best way to go … Read entire article »

Filed under: Debt Relief

If your home goes to foreclosure, can the bank place leans on your bank accounts?

If I give my house to the bank as foreclosure can the bank put leans on my personal bank accounts and automatically deduct their monies each month? I live in Florida. … Read entire article »

Filed under: Foreclosure Help

How do I buy a foreclosure straight from the bank?

We are interested in buying a foreclosure but not from a realtor or FSBO. We have looked on the county website but don’t know how to proceed…Please tell us where to start! … Read entire article »

Filed under: Foreclosure Help

What are the chances the bank will sue after a foreclosure?

If I have an 80/20 loan (and the 80% is a 30-year balloon note), and I try to negotiate a short sale or my house goes into foreclosure, and the house does not sell for what is owed on the loan, what are the chances that the banks will sue me? What is the absolute worst thing a bank can do if the owner stops paying? And if they do sue, and I can’t pay, what happens then? I live in Ohio, btw. … Read entire article »

Filed under: Foreclosure Help

How to stop Bank Foreclosure because of back taxes?

I owe several years of back taxes. How do I stop bank foreclosure because of back taxes? I am paying the taxes as much as I can a month. … Read entire article »

Filed under: Foreclosure Help

For a successful business recovery – Decision – National Bank

Just lost a big contract? Business numbers have taken a big dive? Racking up loss after loss? If your business is in difficulty, it’s very important that you seek help as quickly as possible. For a successful business recovery – Decision … Read entire article »

Filed under: Insolvency

Foreclosure Defese Secrets Foreclosures Houses Bank Homes List Foreclosed House This program is a necessity for any homeowner facing foreclosure or even just behind on their mortgage. Foreclosure Defense Secrets was written by a foreclosure attorney and reaveals all of the legal tricks that the banks dont want the public to know. … Read entire article »

Filed under: Foreclosure Law

Which bank offers the lowest interest rate for mortgage refinance in California?

I need to refinance my second/investment home in Milpitas California and I’m looking for a mortgage broker or a bank that offers lowest interest rate based on 700 or more fico score. Preferably a loan program with minimum monthly payment is preferred. … Read entire article »

Filed under: Mortgage Refinancing

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