How to request a copy of mortgage contract?

Posted by admin | Renting Real Estate | Sunday 31 May 2009 4:56 pm
Luz Arianna asked:


I need to request a copy of my parents mortgage contract at AHMSI (American home mortgage servicing inc) and I really don’t how should I ask for it does any one know?

This is the form:
https://online.ahmsi3.com/servicing/PDF_files/OCR00004.pdf

mortgage online

I’m trying to understand BALLOON MORTGAGES. Can someone help me understand the following example?

Posted by admin | Renting Real Estate | Sunday 31 May 2009 10:27 am
Yahoo_Asker_G asked:


I entered the following into an online mortgage balloon calculator:

Loan amount $100,000.00
Interest rate 6.000%
Term 10 years
Amortization period 30 years

My question is:

After 119 monthly payments of $599.55 why does the balloon payment come out to $84,285.33 ? If everything is due on a 30 year amortization schedule, shouldn’t the amount owed be the remaining 241 payments multiplied by $599.55 ($144,491.55) ? If not, then where does the $84,285.33 come from?

mortgage online

What are my chances of being approved of a home loan?

Posted by admin | Personal Finance | Saturday 30 May 2009 9:12 pm
PlasticTrees asked:


I have a credit score in the mid 500s, which was affected drastically by stupid things I did 4-5 years ago (beginning of college). I have a stable job although I plan to sublet to take care of the mortgage in a college town. I would also make a down payment of about 20%.

home loan

mortgage in a parent’s name but we are included on deed?

Posted by admin | Renting Real Estate | Saturday 30 May 2009 5:51 am
hipichik68 asked:


My husband’s parents agreed to use their name for financing a home 4 1/2 years ago. They didn’t put forth any monies as to the down payment or anything pertaining to this home since. We pay the mortgage online through my husband’s and my personal checking account and have done so since 2003 when the home was purchased. Our credit was less than perfect and we knew we would pay an arm and a leg for a 79,000 home. We are, however, on the deed with them. My mother-in-law passed away 2 mths ago and I have since faxed a copy of death certificate to the mortgage company. What happens after my father-in-law passes away?

mortgage online

Who will Reimburse me of expenses due to Wells Fargo error and oversite?

Posted by admin | Renting Real Estate | Saturday 30 May 2009 4:35 am
HawaiianApple asked:


I had applied for a loan, Wells Fargo had receive all banking accounts, retirement accounts, savings accounts, W-2s. I applied online I received a Pre-Approval/Priortiy Buyer letter, my agent said I should now start looking for a home, she new I was looking in Hawaii. I spent money for inspections, my hotel, car rental, dog boarding, food and gasoline. I spent $4468.55 on this trip, 7days before closing I was contacted by Wells Fargo, my current agent had left and I was assigned a new agent, Wells Fargo stated Amy Gooch and Wells Fargo had made a mistake on the paper work and could not lend me the money. I’ve contacted CEO’s and VP’s in the Co. Region, I received a form letter stating I would not receive the loan, ok, fine with that, what about the $4468.55, they refuse to give me that back after their mistake, do I have a leg to stand on or should I contact a my lawyer? And if anyone knows anyone from Wells Fargo, I’d like to set-up an appointment with them to discuss this matter

online home loan

State Revenue Took Back Tax Return w/o Notice?

Posted by admin | United States | Saturday 30 May 2009 2:27 am
evol asked:


I checked my online Banking in the morning, and it said I had more than enough money to cover my bills etc.. I wasn’t worried.. When I got home I double checked it to make sure, and it said I had $29.00…
It had a Garnishment fee for 100$ and another withdrawl for over 600$… I called the bank.. they didn’t tell me much except it was linked to Minneapolis Minnesota Collections Revenue.. About a month ago I got a letter saying MN revenue took my federal return to pay part of my student loan.. I was okay with that.. I received my state loan, and have payments set up to automatically come out of my checking FOR my student loan.. I finally got through to someone @ MN revenue and she said they sent out a letter a year ago (I asked what the address was and she said one that I haven’t been living at in over 2-3 years) I never got the letter… And since they heard no reply They thought i was ignoring it… My account is now going negative as all my checks are trying to clear.. rent.. car loan insurance.. everything. What can I do??? I need that money they took w/o prior notice.

online home loan

In the state of California, how can I get the court to have my ex refinance a car that we bought?

Posted by admin | Marriage Divorce | Thursday 28 May 2009 2:34 am
gunnmetalblue asked:


My ex wife and I bought a 2004 vehicle when we were still married. We separated in 2006, and have been divorced since 11/07. My name is still on the loan documents, even though the divorce settlement says that she has sole possesion of the car. She is constantly late with the payments, and my credit rating is suffering greatly. How can I go about having the court force her to refinance the vehicle in her name?

settlement loan

The underwritter for our new home loan wants a letter to explain a past bad debt, what do I say?

Posted by admin | Renting Real Estate | Wednesday 27 May 2009 10:24 pm
Raquel P asked:


This is one of the conditions we received back from the underwritter. What are they looking for us to say. It was years ago and a stupid mistake.

home loan

If I file bankruptcy in California will I lose my home?

Posted by admin | Other - Business Finance | Wednesday 27 May 2009 5:25 pm
sfgirrrrl asked:


I’m two months behind on my mortgage payment. I’m working with my mortgage company on a repayment plan, but have read some horrible stuff about this mortgage company online. My credit is terrible and refinance is out of the question. I’m working to repair my credit, but I want to have options before the house goes into foreclosure. HELP!!!

refinance online

Insurance policy dont cover the whole settlement.what do that person do?

Posted by admin | Insurance | Wednesday 27 May 2009 1:17 pm
gb298888 asked:


About three months ago i was injured (wrist)due to someone negligence but the doctors wanted to see if my injury would go away on its own. And put me in physical therapy as well because my hand was weak. they didnt want to resort to having to do surgery, but they have to do it now, because im in to much pain. The guy know it was clearly his fault and he wants to settle. But we have to wait until everything is out of the way including surgery. Now if his insurance policy dont cover the whole settlement. How will he come up with the rest will he sell some of his apartment buildings or will he take out a loan or something?Also if both sides agree including the insurance to the settlement how long would it take for me and my lawyer to receive the money? How long will it take for us to reach a settlement/ agreement if the guy wants to settle?

settlement loan
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