Upside Down Mortgage

Archive for February, 2009

Mortgage Fraud Uk

Question: credit card fraud in uk?

ok so i took about a credit card when i was 16 i lied about my d.o.b. i also have credit with other companies now im 17. when i get added to the electoral roll what will happen. i pay my credit back on time but i want to get a mortgage in time please advise me on what to do.

Answer: I think it's probably the credit card company's fault for not verifying your details, it should have no effect on your mortgage application

Don't Panic! - $50 Billion Fraud!

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Loan Modification Help From Government

Question: What branch of the government oversees the loan modification program?

For almost two months I have asked my bank to help me with the loan modification that I know I'm eligible for. They continue to blame Freddie Mac for the failure to get paperwork of any great value out to me. I want to contact whatever branch of government is responsible for this modification and get my bank off their ass...

Answer: Call 1-888-612-4850 they have the details.

CA Stop Foreclosure Refi or Modify Now (Updated)

Loan Modification On Second Homes

Question: Foreclosure what happens to second buyers credit?

I bought my home with a family member and we lived together for 4 years. We took out equity in the home and had a second mortgage. I consolidated both loans under my name only. He moved out and signed the deed over to me. I am the only one on the loan and deed. I have Countrywide and was in the process of a modification. Now because of their lies, I had no idea I was in foreclosure. Will my family member's credit be effected negatively or show foreclosure on their credit? If so what can do about it?

Answer: Legally, the second buyer is ancient history. They aren't on the deed and they aren't on the loan. Therefore, their credit will not be negatively affected. You are the only one on the hook.

It sounds like you have other issues to clear up though, and a real estate attorney could be helpful.

good luck!

New York Attorney: Can A New Yorker Get A Loan Modification On A 2nd Home?