Upside Down Mortgage

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Mortgage Default On Credit Report

Question: NC Mortgage/Deed Question?

I posted a similar question but left out some details so let me try again...I live in NC. My husband and I purchased a house after we married but my husband wanted it only in his name due to his credit being better than mine.

BUT the deed is in both of our names.

So, my name is not on the mortgage because my credit would have brought us down:( BUT now the marriage is not going well and he is threatening me that if he defaults I have to pay for it.

SO - right now his name is on the mortage - mine is not. Both names are on the deed.

Who is responsible for the mortgage? If he defaults on it am I responsible? Will it show up either good or bad on my credit report?

If someone can help me understand the legal ramifications I would greatly appreciate it. THANK YOU!!

Answer: I agree, that's messed up. He does the "family" a favor and you want to stick it to him and save your own hide. I hope you do the right thing and pay your half. Maybe you two should think about selling the home and going your separate ways.

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Mortgage Help Direct Gov Uk

Question: What is the pregnancy pay in the UK?

I read this piece on direct.gov.uk, and it said that pregnant women can take up to 39 weeks leave, however, you get paid 90% pay for first 6 weeks & for the next 33 weeks you get only £112.5 per week. That isn't very fair, is it? How would a single mother pay her mortgage at that rate? I'm not sure if this is the way it works.

Answer: hi
i work for NHS. this is what my hospital policy says,
you need to check with your employer for their policy, but it should not be very different

Eligibility and Entitlements for Maternity Leave
3.1.1 All employees are entitled to 39 weeks ordinary maternity leave (OML),
regardless of length of service.
3.1.2 Employees who intend to return to work1 after maternity leave are entitled to
take a period of additional (unpaid) maternity leave (AML) of up to 13 weeks.
They are therefore entitled to up 52 weeks maternity leave (39 weeks OML,
13 weeks AML).
Eligibility and Entitlements for Maternity Pay
3.2.1 There are two types of maternity pay as follows:
− Occupational Maternity Pay
− Statutory Maternity Pay
Entitlements to these will be dependent on a number of factors, including
length of service and intention to return to work after maternity leave. The
differences are outlined below.
Occupational and Statutory Maternity Pay and Maternity Allowance pay
periods can start on any day of the week aligning maternity leave and pay
start dates.
Please also refer to section 3.7 “Temporary Staff”.
3.2.2 Occupational Maternity Pay
Employees who have completed 12 months continuous service with the
Trust or another NHS employer at the beginning of the 11th week before
their Expected Week of Confinement (EWC)2, i.e. the 29th week of
pregnancy, may be entitled to the following:
− 8 weeks full pay (inclusive of Statutory Maternity Pay)
− 18 weeks half pay plus Statutory Maternity Pay (if half pay plus SMP or
Maternity Allowance exceeds full pay then half pay will be reduced
accordingly)
− 13 weeks statutory maternity pay or maternity allowance
Statutory Maternity Pay is paid at the rate of 90% of earnings for the first 6
weeks followed by a lower set rate for the remaining 33 weeks3
In order to qualify for occupational maternity pay, the employee must:
− Follow the procedure as set out in section 3.3
− Continue to be employed by Wrightington, Wigan & Leigh NHS Trust at
the 11th week before the EWC
− State on the application form their intention to return to work for the Trust
or other NHS Employer for a period of three months following the period
of maternity leave
− State on the application form the provisional date she intends to return to
work
3.2.3 Statutory Maternity Pay
Employees who have been employed by the Trust for at least 26 weeks
into the qualifying week (15th week prior to the EWC) will only receive
Statutory Maternity Pay.
The entitlement to Statutory Maternity Pay is provisional on their average
weekly earnings being above the lower earnings limit for National Insurance
purposes.
Statutory Maternity Pay is payable for a period of 39 weeks. It is paid at the
rate of 90% of earnings for the first 6 weeks followed by a lower set rate for
the remaining 33 weeks2.
If earnings are less than £100 per week, the rate of Statutory Maternity Pay
will be 90% of earnings for the full 39 weeks.
3.2.4 Calculating Full Pay
For the purposes of Occupational Maternity Pay, full pay is calculated on the
basis of your average weekly earnings over the 8 week period leading up to
the last pay day before the end of the 15th week before the expected week of
confinement. This will includes leads, allowances, overtime and
enhancements.
All payments that are taken into account for National Insurance contributions
are included in this calculation. Half pay is half the amount of full pay as
calculated above.
3.2.5 At no time will the combination of Occupational Maternity Pay and Statutory
Maternity Pay exceed the employee’s normal average weekly pay.

Hope this helps

How To Find Help For Your Mortgage Repayment

Mortgage Default Letter

Question: Collection agency suing for default on mortgage loan??

A house I owned went into foreclosure in 2007. It was auctioned for 366K but mortgage loans were for 320K and 80K=400K. I received a letter from a collection agency Dyck O'neal stating: "enclosed are copies of the documents that support the debt owed to Dyck O'neal. The amount owed as of the date of this letter which includes principal, interest, and fees is 94K." The loans were first with Chase, then I guess they transferred this account over to collections. The situation I'm in is too long to explain and very complex, but I do not have that kind of money to pay these people back. What are my options? Do I need a lawyer and if so, what kind of lawyer should I get, a real estate lawyer or what? I have no idea what to do and I'm very worried as I have no money for something like this. I claimed Bankruptcy back in 2000 due to my exhusband maxing out all my credit cards that were in my name. I'm not sure if I can claim that again, or if that will help with this 94K debt.

Answer: i know this does not help much but there are hundreds if not thousands in the same boat as you are.

b/k may be an option but that can only be determined by a bankruptcy attorney in your local area. Unfortunately I know this does not help much but in the eyes of the law and the agreement you signed you still owe the balance due for the money you borrowed to purchase the property.

To: America From: Ron Paul Re: Bailout, Rescue Plan, etc...