Judge advances suit over botched mortgage modifications

Posted on Nov 5, 2012 in HARP Refinance

Check out these apartment creating pictures:

0801 | Drake Apartment Developing | 2009 | East Side

Image by Facility Records | MSU Physical Plant
0801 | Drake Apartment Building | 2009 | East Side

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0802 | Howland Apartment Constructing | 2009 | South Side

Image by Facility Records | MSU Physical Plant
0802 | Howland Apartment Developing | 2009 | South Side

If you would like to see much more homes click here…

no income home loan
by eyewashdesign: A. Golden

Question by reychael_rios2001: How can someone who is on disability income , look w/poor 2 no credit credit, diagnosis get a home loan?
Can a person on disability income with poor to no credit,married, combined incomes get a loan big enough to purchase a small family home with enough to pay of other debts

Best answer:

Answer by sundayschild63
If you can find a co signer that has good credit,that trusts you enough to sign for you.
Thats the only way I know of.

Add your own answer in the comments!
Question by garnegus: NEED ADVISE ON FHA HOME LOAN VS PRIVATE LOAN?
HELLO EVERYONE. I SEEN A FORECLOSURE PROPERTY OWNED BY CHASE PREVIOUS BROUGHT 50Ok AND NOW SALING FOR 289k. NOW I HAVE THE CASH, sales CREDIT, capsule INCOME, approved BUT THIS PURCHASE WOULD BE MY SECOND HOME THAT I WANT TO MAKE MY PRIMARY RESIDENT. nOW MY FISRT HOME i LIVE IN , I HAVE PLACE IT ON THE MARKEFT TO SELL. I ONLY HAVE ONE PROBLEM, FHA REQUIRES THAT YOU HAVE 25% EQUITY IN YOUR HOME IN ORDER TO PURCHASE A SECOND HOME OR TO USE IT AS A RENTAL INCOME. I HAVE SOME TO CO SIGN WITH ME, BUT SHE PURCHASE A HOME LIKE ME 4 YEARS AGO AND WE BOTH HAVE NO EQUITY. SOMEONE TOLD ME TO GET A PRIVATE LOAN THEN IN 6 MOS, THEN FINACE IN 6 MONTH. DOES ANY ONE HAVE ANY EXPERIENCE WITH PRIVATE LOAN HOME PURSCHASE. I AM SO REDY TO BUY, BUT I CAN’T DUE TO NO EQUITY AND I DON’T HAVE ENOGH OF MONEY TO GO CONVENTIONAL. . ANY ADVISE?????

Best answer:

Answer by thedude81321
Firstly, you should probably take caps lock off and properly use upper and lower cases, it will get many more people to answer your question.

It sounds like you are not really in a situation to buy a home. If you don’t have enough money to go conventional, you may find that you don’t have enough money to keep paying for the house. A private loan may work, but it also could end up screwing you in the long run. If you don’t have the ability to get a conventional loan, will someone want to refinance you in 6 months? You may end up with that private loan for longer than you think.

My suggestion is to wait on this whole purchase. Unfortunately, you can’t really expect to buy a home and then turn around and sell it in just a few years. This is also a terrible time to sell, and you can’t really count on your house even selling, so if you can’t afford this new one without your house selling, you are into another issue.

Sorry to rain on your parade, but from what you’ve told me, this just doesn’t seem like a smart decision at the moment. Good luck.

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Question by jojo: I’m wanting to buy a 0, pill 000 house. How much should I expect to pay for a down payment and closing costs?
I’m getting an FHA loan which reqires 3.5% down, patient but I’ve never bought a house before so I was wondering how much to expect for closing costs.

Best answer:

Answer by Huntsman
Your estimated closing costs will be around $ 3, ed 155
Sometimes you can get a seller to pay for these costs
I googled: Closing costs calculator to get this info
Your monthly payment will be around $ 500 for a 30 year, not including property taxes and home insurance

Make sure you don’t get scammed into ARM mortgages.
Stick to a fixed rate with no points

Best investment you will ever make:
A book called Home Buying for Dummies
^ not an insult – the best $ 20 you will ever spend in your lifetime.
Get your credit reports (at no cost) at Annual Credit Report.com
If you have credit cad debt, start paying it in full each month for best credit
And get pre-approved for a mortgage if your reports are clear of mistakes

Know better? Leave your own answer in the comments!

A couple of nice chateau images I located:

Château de Saint-Elix
chateau
Image by Mathieu Thouvenin
Chateau de Saint-Elix-le-chateau, adiposity édifié au XVIIe siècle par le marquis de Montespan.

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Château de Thoiry
chateau
Image by elPadawan
Château de Thoiry, visit this France

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Judge advances suit over botched mortgage modifications
A Yorkville homeowner's lawsuit alleging that her lender botched her efforts to modify her mortgage will be allowed to proceed and seek class-action status, approved a federal court judge ruled this week. The Monday ruling by U.S. District Court Judge Sharon …
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Gold Coast woman seeks class-action against Wells Fargo over HAMP
A Chicago woman has filed a class-action lawsuit in a federal court in Illinois against Wells Fargo Bank, claiming that the lender misrepresented the requirements of the U.S. government's Home Affordable Modification Program. The lawsuit, filed in U.S …
If you would like more informaiton please visit here…