Mortgage Companies

• INCOMPETENCE....AARRGGHH - just ventin'...sm
  • what you need to do - Snow Bunny
  • My solution - Patti
  • finding a new mortgage company...sm - OP
    • Mortgage Companies - anon
  • My solution to your stress - would be
    • I agree...it was the first thought that went--sm - ks

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu

Is the only way to get my name off a mortgage is to have my ex either refinance or sell the place?

Thanks

a family member needs to get a mortgage for a home they are currently "buying" from a friend on contract.  I say "buying" in a very loose term, because I am not sure that they even have a written agreement, sometimes it sounds like they are just "renting".  Anyway, credit is a problem for them.. bankruptcy 7+ years ago, collection accounts they are currently paying on, etc. and probably some current finance company bills and "of course" the "new-used SUV" they got about 8 months ago.  You all know what I'm saying here, this is not a "one time credit problem".... Supposedly, they tried one mortgage company but, according to the wife, after about 3 months they got mortgage approval but PMI insurer turned them down.  They actually have a good deal on the home, appraised at approx 90,000 and they are buying it for approx $78,000, so there is some equity.  Of course, they have actually no $$$ to really put down.  The situation is that they have been living there a few years and the seller "a friend of theirs" needs the cash by October, so that he can purchase a property he is currently buying on contract from his sister, who needs the money now, etc. and on and on it goes.  Anyway, if they cannot come up with a mortgage, they are out, have to move and of course, they will be trying to hit us up for cash or, heaven forbid, a place to live!!!   I need any suggestions anyone has or any names of mortgage companies that deal with this particular situation. The wife called us and asked us to co-sign, but that's out of the question.  Appreciate any advice

I am looking to buy a house that is $185,000.  From the sale of my current home, I will make $165,000 and will use all of that as a down payment.  Obviously, I am 20k short.  I don't have the best credit (low FICO score) so I am looking for a mortgage company that will loan me what I am short with bad credit.  Anyone know of any?

Thanks

and it was supposedly a "reputable" one, recommended highly by just about everyone.  Searched online, you name it.  Thought I did my homework pretty good.  Well, they were a rip off.  Thankfully I kept logs of everyone I talked to about what and when, etc.  They screwed up several of my accounts, didn't pay them for almost 3 months (even though they received payment) and none of my interest rates were adjusted.  I contacted one of the lawers for the cc company that was handling the collection at that point since my company failed to do so and they said that this was a very common thing and that they really did not like to deal with companies like that, would rather deal directly with the person. 

Good luck to you though, sounds like you actually found one that does some kind of work. 

They cut production to get the prices up again. If we're not _____ by the oil nations, we're ____ by the American oil companies. G-R-E-E-D is the name of the game in the last few years.

Government tells us to cut our driving. Well, I hate to tell them but between a pickup and a car, we drove a total of  5,838 miles last year, and most of that mileage was 100 miles a day for DH to go to work. I get to the store once a month anymore, 2 mile round trip. The only thing I can cut down on is to walk to the store and back. Been there done that, but I'm no spring chicken and carrying 5 bags or more, well....you'd see a bag every 100 feet.

I don't see how it's any different that american companies are hiring illegals here versus american companies offshoring (which I detest) because the issue on either side is -- bottom line - the dollar -  and what American employers are willing to pay today...........and in either case, we are all losing our jobs to foreigners (whether they are legal, offshore, or illegal workers).

just my opinion.........

yourself first. That's what I did. We had a medical problem and we went from paying on time for years to 90 days behind in 3 months. We wound up living off the cards...which is an absolute no-no, but couldn't be helped, and wound up with $45,000 in CC debt.

 I called them all and they all have programs for hardship cases. They set up payments for you which are lower than what you would usually be paying and they lowered my interest rates again (in the good times, I was paying 9%) from 19% to  21% down to 9% again and one company even lowered my interest rate to 6%!

They automatically take the money from your account and you just have to remember to keep the money in there.  Payments are much lower since they lowered the interest rate and all the cards will be paid off in 4 years.

One company did close my account, but none of the others did. I haven't used a credit card for 2 years and most of the cards I had for 10 years.

Hope this helps and good luck. There is light at the end of the tunnel.

All of those companies you listed are non profits as described and accepted by the IRS.

I'm afraid you're going to be out of luck with your animal rescue lady, unless she reorganizes as a non profit, or makes you officially part of the company.

But, DON'T TAKE MY WORD FOR IT.  Check with your tax person, or if you can't reach her, find another tax person.  Call H&R Block.  There may be some loopholes that you can use to get the deduction.

not too long ago.