My building suffered damage with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can’t finish the repairs needed. My mortgage payments are up to date. The repairs are done, the Mortgage company inspected the [...]

My mom and sister are both named on the mortgage. Payments are still being made. My mom just passed and my sister does not have a job because she was caring for our ailing mother. It sounds like your sister needs to sell the house ASAP, or get herself a job to pay the mortgage, [...]

We paid off a 2nd mortgageforeclosure before it went through. We continued to pay on our first mortgage with no problem. The attempted forclosure was not on our credit report until we refinanced with a new mortgage company. Is this fair? It looks suspicious that it only appeared on our credit after we refinanced with [...]

I have a standard 30 year fixed rate mortgage at around 5%. I am planning for an early mortgage payoff. I am wondering if I should pay the minimum mortgage payment and save my extra cash until I can pay the mortgage off in one lump sum 9-10 years from now or make smaller monthly [...]

A relative will be leaving me a house in their will. If there is a mortgage (home equity) on the house when they die, do I take over the mortgage? I intend on selling the house when it is left to me. It goes with the property. If you(or the executor) don’t pay the mortgage [...]

What is a mortgage? How long is a typical mortgage? Identify the different types of mortgage on offer in the United Kingdom? If you cannot keep up with mortgage repayments what can happen? Why could you not look in a dictionary? A mortgage is a loan for real estate. Typically 15 to 30 years. If [...]

I’m currently on a repayment plan on a rental property for the 1st mortgage. The 2nd has been charged off by EMC mortgage and sent to an outsourced collection company called LCS. Does anyone have any experience on how to deal with LCS and what rights I have to settle this 2nd mortgage. Can they [...]

I heard that mortgage brokers drive Porches and make tons of money. By and large, how much does the average mortgage broker make? Depends on the person. Two items that affect their income is volume (number of loans they close) and how aggressively they price their loans. With the real estate market booming and the [...]

In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks. read on… http://myfinancetimes.com/2008/05/24/subprime-mortgage-creditcrisis/ The above article elucidates you on the actual subprime mortgage crisis in us. and the persons behind the mortgage fraud and all [...]