I’m almost three months behind with my mortgage payments. I bank with Bank of America which also happends to be the parent company of my lender (LaSalle Bank). Do they have the right to take my money? Do you think my lender is aware I have a checking account with them?
Posts Tagged ‘foreclosure mortgage’
Can my mortgage lender take away funds from my checking account without my permission?
Wednesday, January 20th, 2010Can mortgage lender take it upon themselves to pay your property taxes?
Friday, November 27th, 2009If you don’t have an escrow account and you are 6 months behind on your property tax payment, by law you have 5 years before the tax collector could foreclose for taxes due, but can the mortgage company step in and pay the amount and charge for past due and one year in advance raising your mortgage payment a lot.
Can the lender go after the buyer after a Foreclosure in VA?
Sunday, August 23rd, 2009I have an interest only 5 year ARM, 100% financed loan. (100% financed in a single loan not 80/20). The ARM will reset next year. I am underwater by as much as 100K. The lender isn’t cooperating and I am trying my best, with the help of some organizations, to find a way to refinance my mortgage and turn it into a 30 year fixed, etc…
I will do my best to avoid a foreclosure. However, if I chose to walk away, I need to understand from now what to expect. I know that the lender can go after the buyer in Virginia (paycheck, assets, etc…)
My question is: Is this always the case? Can my mortgage be different? Can my mortgage be different because it is 100% financed or because it is interest only? How can I verify that?
Thanks for your help!!
What is a land contrect, in relation to a mortgage ??
Sunday, August 23rd, 2009I have fallen behind in my mortgage on an investment property,, an Investor has offered to take it over on a land contract,, what is a land contrect. and who will retain ownership of the property ?/
Can i get out of my fixed rate mortgage?
Sunday, August 23rd, 2009I signed up for fixed rate which isn’t due to expire for a couple of years , can i get out of it before it`s due and will there be a fee?
I don`t want to pay it off i just want to change to a cheaper one now that the mortgage rate has gone down…or if i stick with it will it mean i pay off my mortgage quicker?