“Dear Andy, I bought my house 5 years ago at the peak of the housing market and live in MD. I have a NC interest only 10/1 ARM and have been unsuccessful at refinancing or any loan modification over the last 2 years. My husband has an opportunity to attend a PHD program in FL …
“Dear Andy, I was injured and out of work for over a year,and required surgery. My husband was a truck driver, and leased a truck, that was new, and kept breaking down. He could not hardly make enough money to pay the bills,except the mortgage payment. We had to also let a car go back …
“Dear Andy, We are buyers. We have placed more than two offers on a short sale. First time, we were apparently out-bidded. Second, house was taken off market, then placed on active status and our #2 offer was put through with the Sellers paperwork to the bank. It was “accepted”. Offer made in October of …
“Dear Andy, We have a loan through American Home Mortgage I assume this is Bank of America. Right now it is an interest only loan with a rate of 6.75. There is no way to get it refinanced right now as credit ratings are poor. We have concentrated on getting everything paid off. How would …
“Dear Andy, I owned a single family house in N.Y. First and second mortgage were held by chase. The house was foreclosed almost two years ago. I received a letter from an attorney in August asking me to pay 10% of the debt on the second about $10,000 now I received another letter from same …
“Dear Andy, Went bankrupt 2 years ago. Been a discharged bankrupt for just over a year. Is it possible to get a mortgage? I am a first time buyer and would love a house and am more financially stable than i have ever been. David” Dear David, With the mortgage products available today, there won’t …
“Dear Andy, We are one of the many Americans who has a mortgage loan that is much higher than our home value. If we were to sell our home today, we would take about a $100,000 loss. I would like to know where I can go to find out if we qualify for any of …
“Dear Andy, Hello Sir. We own a second home in California (good part of SF Bay Area) with a renter. Two years ago contacted Citimortgage for loan mod but they did not help because at that time we were only behind a couple of payments. Citimortgage did offer us a fixed 5-year interest that time …
“Dear Andy, I have an existing mortgage (130k principle, 140k value) I have approximately $52,082 debt (Cars, Credit Cards, etc..) My credit scores as of 7/1 are 554,620,589 Of that $52k $26k resides in 3 creditors hands that have high interest rates (10%+ range). Only having a few thousand in equity in my home and …
“Dear Andy, I have a mortgage with GMAC. I scheduled to have a full payment electronically withdrawn from my checking acct this thursaday, aug 4, 2011, with the assistance of a GMAC representative via a phone call to GMAC. They accepted the payment and gave me a confirmation number. This payment was set up on …