Are there anyone who have missed 1 or more consecutive mortgage payments?
485344
The game that you are playing is not a good one. Anyone that would even consider doing something like this is insane. First off, you buy the property with cash from an unsuspecting person that is in financial hardship. You then, more than likely, charge these people rent to live in their own home with the promise to sell the property back to them after a certain time period. If they default on the rent they are paying you evict them. \n\nPeople, if you are in trouble with your mortgage payment, please please go talk to a mortgage broker. There are many options that you may qualify for instead of selling your home to a person like this. The only way this type of scenario can help you is if you have no other options and have been turned down for a refinance.\n\nIt is violation of this sites policy to solicit business in case you were wondering.
37858
Most financial institutions these days have what they call "second chance" loans especially for those who have bankruptcy on their credit. If thats the only blemish on your hurt credit report then chances are they may be able to help. It is at a much higher interest rate but it is worth it to rebuild your credit and oh ya, by the way here is a tip for ya. If and when you do get a loan, pay the payments and take a long time to pay them off.\nYou see, the issue here is not that you paid in full but that you can show a good and faithful payment history. If they begin to see faithfull payments regularly then it out does the bankrupsy. most people make the mistake of paying something off too early and it shows a lack of payment history. So the best thing to do is stretch those payments out as long as possible so you can develope and good long payment history. It'l help especially if you ever go to buy a home.
521479
updated continuously:\n\nhttp://www.toptips.com/debtclock.html
1109819
I have not heard of them, but I would advise you to be VERY careful and check the Better Business Bureau on any mortgage company. There are a lot of real estate mortgage scams out there. Be careful!
256090
No.  The company that holds your mortgage should have supplied you with a statement of how much mortgage interest you paid over the previous year.  You can only claim that amount.
863573
No they dont, i have exactly what you refer to, i just keep getting bills saying your minimum payment is not due yet.
845814
Usually 3 payments . One at september , january and april
812974
Generally no.  Most retail mortgage packages are generated by computers after the variables, including closing date, are input by an operator.  The first payment is usually due on the first day of the 2d month following the date of closing (sometimes the the 1st of the following month if the closing is early in the month) to give the processors time to get the payment paperwork done.  You can, of course ask ahead of time.  Your lender may be willing to accommodate.
745527
It also means . . . you have a recurring bill and have paid all the amount owed to this date. The next statement, you will owe more, but for now, you do not.
808836
That is up to the finance company. Some will repo it if you're late two or three payments. I would try to get them caught up ASAP or call them and see if they will work a new payment plan up with you or else you might be walking really soon.
68960
Maybe.\n\nWhat lenders want is assurance that you can pay back the loan as agreed.  So, a lot will depend on\n\n1.  Income Tax filing for the last 3 years\n2.  Pay Check Stubs for the past 3 months\n3.  Longevity of employment\n4.  Debt / Income ratio\n\nYes, the credit report carries weight, for it says something about your debt load, and your payment performance in the past.  But, it's not the only thing that matters.\n\nMy advice is this.  Contact a real estate agent who has contact with many lenders.
600493
Okay, here is the deal--\n\nIf they had a mortgage and they have decent credit and equity in the house, they could get a 2nd mortgage/equity line of credit.  That line of credit is considered a 2nd mortgage and it is recorded on the deed just like the first mortgage was.  They can indeed lose their house, either lender can decide to forclose on the house for missed payments.  Usually what happens is the first mortgage holder buys out the 2nd and then forcloses on the house.  \n\nIf they got a 2nd mortgage, they probably got a checkbook, so they could have written a check and gotten cash to give to Scott, but it was still a 2nd mortgage.  Payments will be due just like the first mortgage, every month.\n\nIf they aren't getting enough to pay both, they should immediately contact the first lender and see if they can refinance with both their mortgage and the equity line of credit.  This might be difficult because they have used all their equity in their house, so they are reborrowing for full value of the house and the bank might not go for it.  \n\nIt would be terrible for these people to lose their home because they tried to help somebody out.  I hope they can all find a solution.\n\nThey might also contact www.naca.com  \n\nIt's a non-profit housing advocacy group and they do some refinancing.  They are very much about people keeping their homes, so they might be able to help you where a bank might be less helpful.  \n\nGood luck!
68414
K, I don't know about paying some one.  Look for private owners (apartments that are small, like one building, or several buildings with multiple private owners)  private owners are less likely to check your credit history.
258877
Sure.  The last time I did a second mortgage on my home I closed with a title officer at my kitchen table.
649465
based on the credit reports that I see! only about 1% of the people do. I am a mortgage professional.
842512
Most of us live with the idea that the past repeats itself.  \n\nThey are checking:\n\n1)  Did you lie on your application about your past salary?\n2)  Have you been in the same line of work for the last two years?\n3)  Does it show your salary has been going up?\n4)  Have you filed taxes for the last two years (otherwise the IRS could put a lien against your house once you have one)\n\nIt goes on and on, but the rest are just variations of the four above.\n\nContrary to the guy above me, it is almost ALWAYS REQUIRED UNLESS you are going with a stated income loan.
224221
u must be a retired employee i think. \nbut i think they have mortage loans...