admin — Fri, 10 Feb 2012 16:50:55 +0000

We are in the process of trying to refinance with a new mortgage company. We currently have homeowner’s insurance through Farm Bureau Insurance, as well as boat, automobile, and life insurance. The mortgage company we are refinancing with is saying that we must have and escrow account and pay their OWN homeowner’s insurance, instead of Farm Bureau. I don’t want to do this because we get a multi-line discount at Farm Bureau, and I like them. Can they do this?

admin — Fri, 10 Feb 2012 03:50:12 +0000

Our mortgage lender has filed for bankruptcy. Our payments to the mortgage company include principle, interest, taxes and insurance (PITI). What happens to the money we have paid towards taxes and insurance ?? Since we have paid this money in advance with our payment, is the bankrupt mortgage lender required by law to pay them? If they don’t, due to bankruptcy protection, are we responsible to pay the money that has already been received by the mortgage lender?? In other words, lets say we have made payments totaling $ 10,000 over the last 10 months, $ 2500 of which is taxes and insurance. If the mortgage lender does not pay the $ 2500 to the insurance company and to the IRS, do we have to come up with the $ 2500 to pay what the mortgage lender did not ??
Our mortgage lender has filed for bankruptcy. Our payments to the mortgage company include principle, interest, taxes and insurance (PITI). What happens to the money we have paid towards taxes and insurance ?? Since we have paid this money in advance with our payment, is the bankrupt mortgage lender required by law to pay them? If they don’t, due to bankruptcy protection, are we responsible to pay the money that has already been received by the mortgage lender?? In other words, lets say we have made payments totaling $ 10,000 over the last 10 months, $ 2500 of which is taxes and insurance. If the mortgage lender does not pay the $ 2500 to the insurance company and for property taxes, do we have to come up with the $ 2500 to pay what the mortgage lender did not ??

admin — Thu, 09 Feb 2012 13:51:42 +0000

On September 1, 2006, ABC Company borrowed $ 200,000 to finance the purchase of a building. The terms of the
mortgage require payments of $ 3,000 to be made at the end of every month with the first payment being due on
September 30, 2006. The length of the mortgage is ten years, and the mortgage carries an annual interest rate of
12%.

admin — Thu, 09 Feb 2012 01:51:48 +0000

I’m in the market for a house and read about mortgage insurance. Is it good to have and what the difference between that and homeowner’s insurance?

admin — Wed, 08 Feb 2012 13:51:44 +0000

My mom passed away and we are trying to short sale her home. My brother is on the title deed and second mortgage but not the first mortgage. Under the deed it says joint tenancy. We already have a realtor dealing with them but she doesn’t understand why first mortgage won’t cooperate so we will be seeking a lawyer for help. Doesn’t the deed give my brother automatic ownership since my mom passed on ? I live in Las Vegas, NV. Thanks.

admin — Wed, 08 Feb 2012 01:51:47 +0000

admin — Tue, 07 Feb 2012 13:51:43 +0000

admin — Tue, 07 Feb 2012 01:51:46 +0000

admin — Mon, 06 Feb 2012 13:52:12 +0000

admin — Mon, 06 Feb 2012 01:52:00 +0000

I’ve heard that all mortgage companies do not handle this loan. Other than calling all the companies in the phone book, is there a way to find out who does? Is there a listing somewhere?