90 days are up 11/14 will I still have 21 days until sale date or more before everything neeeds to be out!!
2007-11-09 15:28:37 · 7 answers · asked by islandmann 1 in Business & Finance ➔ Renting & Real Estate
I'm really sorry! :(
2007-11-09 15:34:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I recommend that you contact an attorney who specializes in real estate law.
Many of the problems that we have with mortgages that have led to foreclosure are a result of fraud on the part of mortgage brokers and real estate agents, real estate brokers and REALTORS involved in these transactions.
If a mortgage broker put you into a mortgage that you cannot afford, that may be a result of fraud committed by the mortgage broker.
Apparently it is not uncommon for mortgage brokers to falsify your income to convince the lender to give you a loan.
Get a copy of the mortgage application that the mortgage broker submitted to the lender and compare it with the mortgage application that you filled out..
Take a look at the income information and see if it is correct.
In a case that my real estate attorney is handling right now for the daughter of one of my colleagues who lost her home to foreclosure, the mortgage broker made up a falsified application and forged the buyer's signature on the application..
The buyer submitted one application to the mortrgage broker. All of the information that she submitted was correct.
The mortgage broker made up a different application with false income information which was much higher and forged her signature and submitted that to the lender.
My attorney is suing the mortgage company and the real estate broker involved in that transaction for fraud.
It looks like my attorney will win substantial damages for her.
If any of the people committed fraud in the process of getting you a mortgage they could be liable to you for a substantial amount of damages.
I recommend that you talk to your attorney.
2007-11-10 00:43:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You still have the option to sell or refinance your home all the way up until the sale date to avoid foreclosure. But, Typically hard money lenders will only give you up to 65% of the appriased value for the property.
2007-11-10 03:48:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well since you have not paid the mortgage in quit a few months you have had the time, and should have the capital to move into a rental, you knew this was coming up, why haven't you?
2007-11-10 19:50:09 · answer #4 · answered by Pengy 7 · 0⤊ 0⤋
The rules for time frame are different depending on which state you live in. Here is a good source for you, http://www.realtytrac.com/education/noframes/overview.html
Good Luck!
2007-11-10 11:00:26 · answer #5 · answered by Christiane 3 · 0⤊ 0⤋
OK, well you need to start packing, or come up with the past due amount plus all the late and legal fees.
2007-11-10 10:09:45 · answer #6 · answered by frankie b 5 · 0⤊ 0⤋
I'm sooo sooorrry!!!! Is there any way that you can talk to your landlord about it-stereotypes say that landlords are mean but i am praying that yours is not!!
fingers crossed!! :)
2007-11-09 23:38:27 · answer #7 · answered by runeveryday13 3 · 0⤊ 1⤋