Mortgage

Should I Apply for a HARP Mortgage Loan?

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Question: Dear Steve, I’m recently retired and looking for ways to reduce my debt. My credit status is very good. I have a standard mortgage with Chase and am paying 3.5% interest. I’ve heard much about the HARP loan and am curious about your thoughts on applying for the HARP loan. Connie Answer: Dear Connie, You have an awesome interest ... Read More »

    What Do You Know About Camden Legal Group?

    Searching-right

    Question: Dear Steve, I gave Camden Legal Group in Beverly Hills, California, a deposit for $4,000. and gave them instructions on how I wanted to handle my lawsuit against Nationstar mortgage!!! They called me after about a month to tell me that they could try to get my loan modified since it had recently been sold to another investor, to ... Read More »

      Should We Consolidate Student Loan Debt Into Mortgage? – Rhonda

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      Question: Dear Steve, We are going to refinance our home, out of an adjustable rate, and wondering if we should bundle our kids’ student loan debt into the mortgage. The student loan interest rate is high and simple interest; the mortgage interest lower, of course. We are at about 50% equity. Should we continue to pay off the student loan ... Read More »

        Is Camden Legal Group Legitimate?

        odd

        Question: Dear Steve, I was contacted by this law firm about getting my loan modified. They kept pushing me to pay them 4200 dollars and I informed them I was scammed by Real Estate Law Center in Los Angeles. I feel as if I am being preyed upon by the same people and it sounds similar to what Real Estate ... Read More »

          Should We Rent or Buy a House?

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          “Dear Steve, My wife and I are new to the area and wondering if we should jump right in and buy a house or rent. I hate to rent because I think we are throwing our money away. What do you think? David” Dear David, I can certainly understand the idea of pride of ownership and the desire to buy ... Read More »

            I Thought I Had Reaffirmed My Mortgage in Bankruptcy But Didn’t

            Real Estate Concept

            “Dear Steve, I filed bankruptcy about 4 years ago. I thought I re-affirmed my mortgage with Citi Financial. I continued to pay the mortgage but fell behind and decided not to continue owning the house. I contacted Citi and tried to do a short-sale but it didn’t go thru. During the second attempt to sell, a water line broke and ... Read More »

              I Paid Off an Old Debt But Can’t Get a Mortgage

              break free from prison pressure or quit job running away towards

              “Dear Steve, I made a move to another state for a new job in early 2007. By the end of summer in 2008 I was laid off from my job. I received unemployment pay but I was out of work for more than a year and a half. At the time I was laid off I had some credit card ... Read More »

                We Have No Savings, an Underwater Mortgage, and the Car Just Died

                Drowning swimmer

                “Dear Steve, I have $11,000 in debt, no emergency fund; home seriously underwater; car died and employer just dropped our healthcare coverage, which looks like it will add another $500 to my monthly expenses. It looks like I need to address 3 of the aforementioned expenses immediately; how will this impact my credit score or what strategy should I do ... Read More »

                  Foreclosure and Bank of America Walked Away From My Mortgage

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                  “Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »

                    Is Real Estate Law Center in Pasadena, CA a Scam? – Roland

                    Bank

                    “Dear Steve, Is real estate law center in Pasadena Ca a scam? I want info on a case that they have won, but can’t give me any info. They want me to pay money up front. They do not sound like a “real” company.Do you have any info on these people if they are legit? They said that I would ... Read More »

                      My Son Has HIV and My Husband Fled the Country. My Debts Scare Me. – Suzanne

                      going to be amazing

                      “Dear Steve, I am a 63 year old woman with a 27 year old son that is not in the best of health, due to his HIV positive status. My husband fled to Canada, after an arrest for domestic violence. I am now locked into an interest only mortgage, and even if I did pay a little more each month, ... Read More »

                        Fannie Mae Wants to Settle Our Mortgage Debt for Less Than We Owe. – Dorrie

                        gift

                        “Dear Steve, Reduced payoff and the mortgage is in good standing We have a house mortgage with SLM (Fannie Mae). We have been getting letters from them stating that we are eligible for a reduced payoff if we refinance with another Mortgage Company. Now mind you we are current and always been current (direct payment from our checking account). First ... Read More »

                          Our New Expenses Leave Us Unable to Pay Our Credit Cards. – Erika

                          We are going to need some voodoo for this situation.

                          “Dear Steve, I’m a 39 year old married woman with a 11 month old infant. My husband is a stay at home dad. We only have 1 income. We recently are in the process of building a new home. We currently live in a Condo that will be rented to ensure that the mortgage and condo fee are covered. I ... Read More »

                            Ocwen Condo Foreclosure in Limbo Leaves Me Worried About HOA Fees and Mortgage Modification – Frank

                            do nothing

                            “Dear Steve, Condo in foreclosure since May 2011, mortgage previously with GMAC, now taken over by Ocwen. Retired in January and wrongfully assumed I could just start making payments on the mortgage. Halt, you must go through a modification with Ocwen to stop the foreclosure. Agreed and sent all paperwork and info they requested. Ocwen rep calls weekly to check ... Read More »

                              Should We Consolidate Our Mortgage and HELOC With American Bank Mortgage Company? – Lisa

                              In God We Trust

                              “Dear Steve, I have a first mortgage with Chase bank it is -$84,000. I also have a heloc with Chase bank it is $114,000. The heloc is interest only. The interest rate on my first mortgage is 4.5% fixed for 12 years. The heloc interest rate is 2.4%. I pay a total of $924 per month on these two loans. ... Read More »

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