Got and register at me website: www.thestenchoftruth.com Get updates on radio show guests, original posts, and links to all of my blogs and more. Listen to my radio show on Fridays from 7 to 9PM Eastern (US) time on www.inceptionradionetwork.com The Stench of Truth (552).mp4 Despite the story circulating on the internet that said that Iceland was forgiving mortgage debt it is not quite like that. They are forgiving a great portion of underwater debt AND they are making banks refinance the debts at current value and in line with the ability to repay. The banks seem to have to eat this loss. AND this is under an IMF program, which amazes me. The IMF sucks and guts countries but in this case Iceland got at least one good thing out of it. What do we have in this shitbag country? Empty words of an empty suit. Mortgage modification if the bank feels like it. It’s about time the banks start paying for the economic collapse they caused.
I have a house I need to get out from under. I may foreclose on it. Or, do a deed in lieu of a foreclosure. I want to file hardship due to the loss of my brother, whose income I depended on to pay for the house. My husband just passed away on the 3rd. I am living in his house. I cannot keep two houses. Can my mortgage company come after me for any money I received as a beneficiary?
I found a few houses (very nice ones, btw) that are in pre-foreclosure. The rent is usually btwn 650-1,000 per month (but I assume they mean, we’d be taking over the mortgage, not "renting" which is fine with us.) But, are there any downfalls? Like, will the amount increase annually? Are they super-dirty? Are there any hidden costs? ETC?
We would like to move into a bigger home. We live in a small condo that we paid a lot for. We will never get as much for it as we owe for our loan, but we have out grown it. We are not in a foreclosure situation because we are making the payments on time without a problem. If we sell our home for less than it is worth, can we add the balance of our mortgage onto the mortgage of a new home, or will we owe the bank the balance right then and there?
My friend was selling his house and couldn’t make the mortgage payments while the house was on the market. He said the real estate agent/company would pay his mortgage while it was up for sale. Then when the house sold, they deducted it from the price of the sale. How is this done?
Also, if you don’t make any mortgage payments while the house is on the market can it go into foreclosure?
