Citi-mortgage never completed the foreclosure. This personally sounds like a predatory attorney to me.\n\nHope this helps. You column makes it all extraordinarily confusing, free mortgage release apparently, for several folks. Same for insurance--if the \titled\ owner lets the insurance lapse, the lender will procure its own. We are now so amazingly upsidedown in an area that isnt predicted to recover any time soon.

Ive done my research and believe there is fraud. Browse and search the latest data entry data encoder job jobs listed on freelancer com. A lot of stories ended with a loan free mortgage release modification if anything. I am not aware of anyone getting their home free and clear because paperwork was mishandled during the foreclosure process.

As long as your payments are being made and the current servicer can verify that the payments are being made as agreed, I don't think there's anything to be concerned about. Would this cause the new lender to take 2nd place and thus be a deal breaker.\n\nIs there anything we can do other than try to sell. We have tried to speak to Chase, but they keep giving us the run around about that too.

You can contact them and try to do a Deed in Lieu of foreclosure - that's essentially the same as a quit claim except that they agree to take title. Since the property was included in the Ch 7 bK, if the property is sold as a short free mortgage release sale, will this action be considered as an act of entering a \"new contract. Also, I'm NOT making payments to the 2nd bank, it changed again at some point, but that bank's (3rd) name is nowhere in the recorder's file. My wife and I are just about ready to discharge from BK13 and we have just found out that our one mortgage company has went out of business and that we are still paying that company. However, the bank probably sent someone by the home to offer you foreclosure prevention options.

Hi Susan,\nThe best possible scenario is a short sale or deed in lieu of foreclosure. Shelli,\nIt looks like your loan was sold to Bank of New York Mellon. We are planning on renting our current home which our family has outgrown. When we apply for a loan, will the underwriters look at it as a BK or foreclosure and how long do we have to wait to apply.

Results for cash loan philippines. There had also bee some vandalization and the front windows had been boarded up. Since that is the case, you can still be held responible for HOA fees, insurance, and taxes. In their \"Relief Motion to Vacate Stay Order\", they included provision to contact debtor, offer Modification etc, etc, etc.

I am not aware of anyone getting their home free and clear because paperwork was mishandled during the foreclosure process.\n\nI would speak to an attorney if you think there is something to it.\n\nSorry I can't be of more help. Hi Jimmy,\nIf you included your mortgage in the bankruptcy then you are no longer liable for the debt unless you sign a new contract with the lender. The last time went by there, the locks had been changed.\nThere had also bee some vandalization and the front windows had been boarded up. I just don't understand how they can legally foreclose if they don't hold the title. I was trying to explain to you that I did check into what he told me about the MERS fraud and it appears to be true.

Is there anything we can do other than try to sell. Ultimately they are the same in the most part in terms of when you can buy again, and they are the only options for having control over the timeline to buy again. They will want all of the bankruptcy docs, evidence that Chase would free mortgage release not reaffirm and all the paperwork you have from the foreclosure.

Hi Scott, I'm sorry, but my question is why is there 5 years between recordings. I am going to defer this question to a bankruptcy attorney friend of mine, Chirnese Liverpool. Feb buyers remorse laws when a tenant buyers remorse out of rental leases in missouri signs a lease he or she is. The \"other\" county is online, that's where I found it. And, we had no idea so we couldn't do anything about it.\n\nWe have called HUD and they said that is when it was reported to them.

We are now being told we can not get a loan until 3 years after they get around to foreclosing on the home. I checked with the county recorder's office and when Countrywide took over my loan, they did NOT record anything. You are welcome to call me also if you like. You will need a real estate agent that can contact the lender on your behalf to get approval and cooperation from the lender to make the process move smoother. Hi Russ,\nIt is not uncommon at all for your servicing to be sold to other lenders. And, we had no idea so we couldn't do anything about it.

Rather than securing a new mortgage each time a portion of the development is sold, the borrower uses the blanket loan to buy them all. While you are the \"owner\" on paper, You really have no interest in the home since you have not made payments and have no intentions of fulfilling the obligations of the promissory note you defaulted on. We are currently a family of 7 living in a 2 bedroom apartment. Reproduction in whole or in part without permission is prohibited.

We continued paying mortgage to Chase, but never reaffirmed. I'll keep checking around and try to get to the free mortgage release bottom of it before my house is auctioned. My question is, after this amount of time, if necessary, could I walk away from the house and expect that I would be refinanced in a rather quick manner, taken into consideration that I have made all other payments for all my other debts on time. I was just wondering why they would do that. On mine it reads $0 balance included in bankruptcy.

Good afternoon Scott, Great site and kudos on the assistance you give people in this situation. Find out if refinancing saves you money i want to do fha refinance but i owe more than my house is worth with our refinance calculators. Can I Rent Out My Upside Down Home and Buy Again. If you re a mortgage free homeowner, equity release could let you access money. My question is.is this possible and also would he still have to buy me out of the house since I am still on the deed.

I have continued to pay on the mortgage, and have never been late. The default of the mortgage and the process for repossessing free mortgage release the asset are really two different issues. This is not unusual, especially since Decision One is no longer in business.

We have no control on when (if ever) Citi decides to foreclose, so why are we the ones being penalized for Citi's inaction. Hi Janet, it's always possible to speak to the lender to see what your options are - I'm not sure what \"make a deal\" might mean.\n\nAs far as how your property division is decided, that's a question for your attorney. About a week later, I received a call from someone telling me about the MERS fraud/illegal foreclosures. Traditional mortgages typically have a "due-on-sale clause", which stipulates that if property secured by the mortgage is sold, the entire outstanding mortgage debt must be paid in full immediately. Thank you for the kind words, I wish your situation was the exception - but unfortunately, you're not.

While the BK will protect you against any financial liability, you've got to get that title out of your name so you can move on and buy again in a few years. Then, some time in the future, BofA took over.where is the record of that. Same for insurance--if the "titled" owner lets the insurance lapse, the lender will procure its own. We provide payday loans all types of easy, fast payday loans cash canada, cash now, cash canada,.

I was just wondering why they would do that.\n\nShelli. While technically the HOA could pursue the BK, still the "titled" owner, most likely that will not occur, either. If there is no equity in the home, there are no assets to divide. This is done to facilitate purchases and sales of multiple units of property with the convenience of a single mortgage. We have just found out that another servicing agency bought our mortgage and is collecting the payments that we thought we were paying to the first mortgage company.

Good afternoon Scott, \nGreat site and kudos on the assistance you give people in this situation.\n\nI am hoping you can help me out as well. According to county records, the property was sold at that auction to Wells Fargo, for more than our original mortgage. After another look, I noticed it was about 5 years between the recordings.

There has to be an easy way to just transfer back to them. Dear Scott, We filed for BK in December of 2008 in Washington state. We wish to return to renting closer to our jobs and would like to give the house back to the bank & move on with our lives.

Do you know or should I look elsewhere for an answer. Homesafe debt free equity release is not a loan or a reverse mortgage of any. I live in California and I'm wondering why my deed would be recorded in a different county than I live in. It's pretty common for neighborhood kids to break into vacant homes and throw parties. While the lender may try, up the road, to be reimbursed for the insurance expenditures, it is unlikely to occur. If BofA took over CW, shouldn't there be a record of that.

I would ask them to send you all of their information and scour the internet for information about them. Is this what I need to do or is there something else I need to do. We put a contract in for a new house yesterday, but hit a snag when we found out our names are still on the deed for our old house. I am not an attorney, and this is definitely a question for an attorney.

When contacting \nBK courts they still are sending the payments of the old mortgage company to the new servicing agency. Yes, this is a confusing topic for many folks and they really only have one, very personal experience that they are trying to make the best of in most situations. In their "Relief Motion to Vacate Stay Order", they included provision to contact debtor, offer Modification etc, etc, etc. We are going to present parts of an insurance demand letter sample that is.

I don't mind trying to help point you in the right direction once I completely understand why and what you're asking for. I called Wells Fargo (who ownes both mortgages) and they could do nothing until we reaffirmed. Bankruptcy relieves you of accountability, not responsibility. You will want to find a real estate agent that specializes in negotiating short sales with Citi - that's important.

Hi Scott,\n\nI'm not worried about the guy who called me, he's just a fast talker after my money, but he will never get it.\n\nI was trying to explain to you that I did check into what he told me about the MERS fraud and it appears to be true. A data entry clerk, sometimes called a typist, is a member of staff employed to. Correct me if I am wrong, but should free mortgage release that have been recorded. My wife and I filed and were approved for ch7 bk in 2010; we stopped making free mortgage release payments on the property, but the property continues to be under our name. That is basically an agreement between you and the bank to just \"turn over title\" in exchange for canceling the debt (which is already cancelled).\n\nHope this helps. Your loan being sold would not affect your ownership or the terms of your loan agreement.

Hi Janet, it's always possible to speak to the lender to see what your options are - I'm not sure what "make a deal" might mean. Hi Cindy, I would almost certainly say that it was a telemarketing call from an attorney service trying to make money off of you.but I seriously have no way of knowing for sure.

Seminar Series

Credit and Finance
Russ Wermers
University of Maryland
The county where I live is not online, so you cannot look it up.
3007 BIF
2:30pm

Seminars

In the News

Jan use our sample sample promissory letter.

This personally sounds like a predatory attorney to me. Hi Shelli, I think youre looking at your chain of title or the deed of trust history on your property. However the home must be a single family home or a one-to-four unit home where the borrower actually lives. When dealing with the courts they have told us we are caught up with all the back payments and current payments. I was paying Countrywide after Decision One and then to Bank of America. This is not unusual, especially since Decision One is no longer in business.\n\nYour loan being sold would not affect your ownership or the terms of your loan agreement.\n\nHope this helps.

I have had several conversations in the past few weeks around the discharge of mortgage debt through a bankruptcy.

Additionally, a HUD-approved condominium or manufactured home that meets FHA guidelines may also be eligible. I just dont understand how they can legally foreclose if they dont hold the title.\n\nThank you, have a great day. Hi Scott,\n\nThanks for your input, I appreciate your advice. The outcome will hopefully be the same, with the bank having the house and us renting, but I would like to avoid as many collection calls & letters as possible.\nThanks.

Citi is not purposely dropping the ball on your loan.

Once a parcel is sold, a portion of the mortgage is released, with the rest of the mortgage remaining intact. When an interested individual calls GreenPath, they will be asked a specific set of questions to determine if they are a likely candidate for a reverse mortgage.” The great thing about qualifying for a reverse mortgage is that there are no income or employment qualifications,” explained Briggs-Kelly. To buy again after bankruptcy you have to wait for 24 months before you can use a FHA loan for the purchase of a new owner occupied home. So, technically if I still own the home, I should be able to go in there anytime I want, correct. The remaining outstanding balance is adjusted accordingly, and the blanket mortgage continues phase by phase in that manner, until all houses are sold and the entire mortgage is repaid and retired.

Smart Money Week

I would speak to an attorney if you think there is something to it. Im not sure what I need to do, but I think I need to have a securitization audit done and then sue for quiet title. In the beginning when I purchased my home it was recorded in my county and the last refinance that I did, it was recorded in a neighboring county. Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form.

The University Forum

We are considering a short sale, but we were told that if we were to do a short sale, then we would be re-affirming the debt and we would get a 1099 for the discharged balance. Is it possible, and how to file a Motion for Specific Action, Pro Per in the BK Court to force the Bank to transfer Title. It appears that Decision One held the title until 2011, but they went out of business, so they didnt. I can only comment what youre seeing if I see it for myself.

Hey Cindy,\n\nMost of what Ive heard about MERS fraud is the mishandling of paperwork that means that the notification process and timelines, and even execution of the foreclosure was not by the books - but in the end, the only reason that was even an issue was that the homeowner defaulted on the loan. The last time went by there, the locks had been changed.

Bank has still not transferred Deed, and still sending Account statements, Insurance reinstatement papers etc. Once you stop making payments and default is imminent, the shortest route to recovery is short sale or deed in lieu. Im not sure that would be fair to a renter since the bank could foreclose at any time.