Hi All --- does anyone know the type of "Motion" an attorney needs to file in regards to asking the mortgage company permission to have the mortgage revised during my chapter 13 payment plan (60 months probably)?
Quick background - this is a second home that is part of my family...
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Motion to have mortgage company change terms (2nd home)
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Good Faith Estimates (GFE's) Explained
Receiving a good faith estimate (abbreviated as GFE) is an important step in determining if the loan you are being offered is a good one for your situation. A GFE includes the proposed interest rate, the term of the loan (XXX/YYY is the typical format, where XXX is the months the payment is amortized...
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Mortgage modification ends BK early!
Filing Chapter 13 in April 2007 took a lot of stress off. But, I could not relax knowing that my ARM would adjust in Dec. 2008. So, I kept searching for a way out of a bad mortgage decision. When the FHA Hope and other programs were announced, I called. No help for me. So, I finally called ASC (Wells...
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Disposable Income & Mortgage payment
Hi All,
here's one that will probably stump my attorney when he returns from vacation. Planning to file Ch 13 in next few months. Looks like my payment may range from 350-600 (not sure yet). Have a first mortgage payment of $2577 incl taxes and ins which is fixed interest, interest only...
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Can't sell home
Here's a little background on our situation:
Bought my house in PA in 2001, and for whatever reason, the loan ended up being in just my name only and wasn't joint with my wife.
Not a big deal I don't think.
Then the following year (2002) I lost my job and I personally filed...
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Chapter 13 Advice.
Can anyone please give me and my wife some good orderly advice on this Chapter 13 mess we see happening before our very eyes on paper with the crazy numbers reported by one of our creditors.
Me and my wife filed a Chapter 13 Bankruptcy in April 2006 in Shreveport La.The case is for...
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73,000 Homes Lost to Foreclosure in May
URL - http://money.cnn.com/2008/06/13/real...ion=2008061308
73,000 homes lost to foreclosure in May
NEW YORK (CNNMoney.com) -- The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions,...
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How HUD Mortgage Policy Fed the Mortgage Crisis
How HUD Mortgage Policy Fed The Crisis
Subprime Loans Labeled 'Affordable'
In 2004, as regulators warned that subprime lenders were saddling borrowers with mortgages they could not afford, the U.S. Department of Housing and Urban Development helped fuel more of that risky lending....Last edited by lrprn; 10-11-2008, 04:29 PM.
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80/20 Mortgage--Why is 1 Bank Listed and 1 Not?
Hello. Prior to filing for Chapter 13 bankruptcy three years ago, I purchased a house with an 80/20 loan. I was told that the "80" loan was typical mortgage loan while the "20" was more of a home equity style loan. Anyway, I guess I never really paid much attention to the loan types....
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