Mortgages Home Loans – bankruptcy modification
answers to your mortgage loan questions
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If I buy a new home and default current loan, can the lender go after my new home?
Posted on December 26th, 2010 3 commentsendlesstime20 asked:
I have a 1st and 2nd mortgage loans on my condo. The balance on my loan is more than the value of my condo. The loan on my condo is only on my name. If I purchase a new home with my parents (let’s say I can get the loan approve) and default on the loan on my condo…..can the lender go after my new home to recover their lost or 1099 me? Thanks in advance.
Adam -
What fees can I expect before closing on a home?
Posted on March 28th, 2009 3 commentsVanessa R asked:
I am getting ready to buy a home and my mortgage lender went over some fees but I thought they were all rolled into my end cost with a FHA loan. Well now I have paid almost $600 in fees that will be credited to me at closing. I have now picked my closing agent what other fees will I incur before closing? I am just trying to stay afloat with bills and also save enough to have proof of 1st month mortgage. I have searched the internet like crazy but there is not much about fees prior to closing with the VHDA/FHA plus loan. Thanks in advance for anyone’s help! Have a great day.
GARRETT




