I am looking into a foreclosed home. However it needs some work. Can we ask a mortgage lender or a bank for a higher loan amount to fix the problems as long we qualify for that higher amount? Is this allowed? Ok Thank you for answering that question. I have another. Which is easier and [...]

We are in Illinois, and I need to know the laws regarding this timeframe. The original lender said they could not refinance us at a more favorable rate, so we shopped and found another which could. We completed the paperwork, and made a written request that the mortgage be released to the new lender, yet [...]

I am no longer able to pay my mortgage payments. I have made new living arrangements and I don’t want the house anymore. There is a Private mortgage insurance policy on my loan.Should I just let the property go into foreclose by itself. Or should I better contact my mortgage lender. And if I should [...]

I am no longer able to pay my mortgage payments. I have made new living arrangements for myself. Should I just let the property go into foreclose by itself. Or should I better contact my mortgage lender. And if I should contact them what should I negotiate for? Sounds like you are unsure if you [...]