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What Is The Profile Of The Average Person Who Defaulted On His Subprime Mortgage?

It seems that the subprime mortgage debacle has turned out to be very serious, so much so, that it has world-wide implications. Even here in China, the Chinese are worried about it. Does it make sense to analyze this problem, to see what caused it so that it doesn’t happen again? Why don’t we start by looking at the actual person who defaults on his loan. What kind of person is he? What demographic does he fit? What is his profile?

How Can We Get Help For Mortgage Fraud. How To Find A Lawyer When A Person Is Indigent?

Don’t know where to find help. My son who is developmentally disabled was conned into signing mortgage papers on four homes totaling over $1 million. He had great credit but was only making a little over minimum wage in a warehouse job when he answered an ad in a Chicago newspaper saying he could make money by helping other people with poor credit get housing. He was naive enough to believe this. Now all four homes are in foreclosure and we have nowhere to turn. We live near Chicago.How could they give loans to someone making so little money? Does anyone know where to go for help? He’s been served with papers. We are retired and cannot help him much.

What Happens If One Person Declares Bankruptcy But There Are Two Other Co-owners On A Mortgage?

Home is co owner by all three parties on paper. Home is mortgaged, and due to real estate market amount owed is still greater then the value of the home. One person is about to declare bankruptcy. How will this affect the other two, and the mortgage?

What Are House Prices Like In The Usa? Can A Single Ordinary Person, With, Say A Clerk Job, Buy A House?

Or does it take two good jobs to buy a house?

Where Can A Person With Bad Credit Get A First Time Buyer Morgage?

I make good income ,little money down

How Much Does It Cost For A Single Person To Rent A Property In Ankara?

Other than Istanbul and Ankara, which area/town is cheapest for renting property in Turkey?
How much would it cost to rent a one-bedroom property per month?
What are rules and regulations regarding property rentals?
Thanks…

What Happens To A Mortgage When The Person Dies?

I have a friend who’s father and grandmother have both now passed on. The Mortgage was in their names. Their mother is still residing in the home (beign the wife of the owner, but not on the loan in name).
What happens, if anything?

Category: mortgage  Tags: , , , , ,  7 Comments

Who Is The Best Person To Contact For A First Time Home Buyer?

The best person to NOT contact are the people in here spamming for business. Spamming is against the TOU, and ethical business people wouldn’t violate that, even under the guise of “email me and I can help.”
The first people I would contact are friends or family members and ask for referrals on a lender or Realtor.

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What Is Private Mortgage Insurance And Who Gets The Money When A Person Cannot Fullfil Their Loan Obligations?

If you don’t put down 20% on a home loan you must pay Private Mortgage Insurance. So with all these loans going belly up why did ppl pay this and who took the money?

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Would A Person Qualify For Fannie Mae Or First Time Home Buyer’s Loan If They Had Bad Credit?

What if the credit wasn’t due to credit cards or unpaid loans?

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Would A Person Qualify For Fannie Mae Or First Time Home Buyer’s Loan If They Had Bad Credit?

What if the credit wasn’t due to credit cards or unpaid loans?

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What Qualifies A Person For The First Time Home Buyer Tax Credit?

What are the conditions, details? I heard it was up to $8,000 for the downpayment. Deadline end of November.
How much is the credit?
How long to get it back?
Deadline?
How is the amount calcuated?

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First Time Home Buyer Tax Credit For Couples Where Only One Person Is A First Time Home Buyer?

I purchased our current home before me and my wife got married. I am the only owner of the home. If we were to move and both buy a new home, would we receive the tax credit because my wife is a first time home buyer?

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Please Tell Me Am I A Nasty Person For This?

HOw do i stop turning bitter. I always hated bitter people and i fear i am turning into one. I believe you make your own luck to a certain extent but lately i feel everything has come against me. My main prob is my mother who is 70, she is mentally ill and obsessed with me, she feels 100% its my job to come live with her, forget my partner and ‘look after her’. Everyday i battle and say no, i put up with temper tantrums and threats. She is under psychriatic care. Shes fully functioning, she drives. My dad lives 10 miles away from her but makes sure shes looked after finanically and practially and stays with her at night. But he ‘expects me to chip in’. I live with a constant pervading guilt that wreaks my life. I do as much as i can i phone her 3 times per day, i viist her for a full weekend every 3 weeks and all holidays and xmas and easter. I hate it but i do it ‘out of duty’ no more and the resentment is fierce sometimes as i feel i am sacrificing my own happiness, yet if i dont do these things i feel so guilty.
I moved cities with my parnter who had a specialist job. I told him to move here and he gave in after 4 years. Hes lost his job and now we are both stuck somewhere we dont want to be and both very unhappy this past 2 years. I’m bullied at work but there are no other jobs in this city. We haveent got on teh property ladder, his is 46, i am 31. I love him very much and he is very good to me, i want ot spend my life with him.
Meanwhile my best friend has climbed the career ladder adn i am HONestly very pleased for her. I’ve always encouraged her and told her how proud i am of her, which i am. She had a very difficult life and deserves this sucess. We were always a support for each other, we know each other since 5 years of age. But she always critisced how i handled my mom. I know its not perffect, but i do the best i can, balancing it all and livign away from it so i can have some peace and normality. I’ve always been there for her when she was down in the crap and she came lived with me 3 times in a city i lived in but on each occasion gave up the job and moved back to her parents. I never had that net. I’ve kept going throuhg some horrendous jobs just to keep a roof over my head. Yet she doles out advice and says i’m too much of a chicken with my mom.
My moms family have cut her out. They live hearby and never visit her. Shes been abusive to them and they wont take it. Yet, they watn me to be friends to them without her. I’ve deciced they support me in this situation or i cut them off, and i’ve cut them off. They used to ring me and tell me all the nasty things she’d say aobut me even though i didnt want to hear it and they would give out to me if she rocked up at their gatherings uninvited although i woudlnt want her to be at them and i’d tell her not to go that she wasnt wanted. Am i wrong to cut these relatives out? I’m 31 and have no siblings…am i turnign into a nasty person?

Category: property ladder  Tags: , , , ,  Comments off

Am I The Only Person Who Hates The Holiday Season?

they are bumming me out big time, i have a lot of stress going on at home and with friends, i have no reason to be happy and hearing christmas music makes me nauseous, every year its the same thing. put up that f%%^#! tree and pretend to be cheery, i never get good gifts or anything i actually want, and this year i have no money to spend because i could not find a job. all those tacky lights. i’m miserable….anyone else out there like me?