“Dear Steve, Why isn’t the Land Trust a valid instrument to be used as a vehicle to quiet title and bring a lawsuit against an unscrupulous mortgage holder? Lyndha” Dear Lyndha, First off, you’d have to direct any specific legal question to a lawyer that is licensed to practice law in the state you live … Read more
“Dear Steve, I Was Injured On The Job An Can No Longer Work .When This Happened I Worked Out My Income Over The Next 5 Years The First 2 Years My Income Droped 35% The Next Year Another 15% The 4th Year Another 15% This Is Where My Income Is At This Time. The First … Read more
“Dear Steve, I have been trying to get Bank of America to work with me for three years on a modification. I have had no luck. I came across a company that goes by the name; National Advocacy Program. They told me I qualifiy for their help at a cost of $3,500. I have tried … Read more
“Dear Steve, I’ve been trying to help my disabled father for over a year. His mortgage loan originated with country wide, then it ended up landing with BOFA. It’s been next to impossible to get a so called *HAMP, or *HUD help since they are nothing more than credit counseling centers that corresspond with the … Read more
“Dear Steve, I have a friend who could not afford her morgage payments and was approaching forclosure, she tried to do a modification with the mortgage company but they did not instead they sold the mortage to a nother company. This left the homeowner desperate and afraid of loosing her home, so he hired an … Read more
“Dear Steve, On July 29 2012, I listen in to a “workshop” given by AJ Narasimhan, CEO and Jose Garavito, General Manager of Mortgage Eliminators. They claimed that they had over 100 Quiet Title Wins in Bankruptcy Court via the Adversial Process, therefore the BK Court was your friend. I have made a number of … Read more
“Dear Steve, I had a deed in lieu on a property in 2006 and in the process of trying to get it removed by contacting both the bank and credit bureau….the mortgage had need sold at least 3x and now Chase bank owns it. So after 2-3 letters to both the bank and credit bureaus….denying … Read more
“Dear Steve, Hi, I have a question about my Mom’s mortage. She has been living in a home for the past 15 years. She purchased the home for 29 thousand with something in the range of 10% intrest rate. 15years later she stills owe around 25 thousand and is now on a fixed income of … Read more
“Dear Steve, I too talked to Mr. Chapman like another reader posted. Was told he could drop my mortgage anount by 50k. And payments would drop $300.00 a month. He ask for my bank info. so $660.00? Could be taken out each month to hold. He stated it would take 4 months for him to … Read more
“Dear Steve, We bought our current home as he market feel out from under us in 2007. In late 2006 we have 300-400K in equity in two homes. By the time we closed we one under water (eventual short sale) and one we made $22K on. Our $540K purchase was initially on a bridge loan … Read more
“Dear Jon, Just retired after 36 years in education. Retirement income is half of previous income. My wife works in school system as well. Our health insurance has increased 300 fold. While we were both employed previously our insurance was just dollars a month. Now that she has picked me up it’s increased to 300 … Read more
“Dear Steve, I still have issue with my Home lender because is taking such long time to get Loan Modification for almost One year and 8 months.Now recently in California has passed several bills protecting the Home owner.I believe I have strong case,I’m looking for a Legal representation in contingency basis. Please Steve If you … Read more
“Dear Steve, First and foremost I would like to thank you for all of the advice and help that you offer on your website. I feel very fortunate to have stumbled upon it while doing a Google search, and applaude you for offering your feedback free of charge. My situation is as follows… I bought … Read more
“Dear Steve, I own two properties one is a single family home which is our primary residence and the other is an income property. Both houses have a second loan. The second loan in the income property is for $175,000.00 founded through a private lender with a high interest rate. I owe about $65,000.00 on … Read more
“Dear Steve, I entered into a joint investment in a real estate home site in North Carolina in 2005 with a close friend. The investment totaled $119,000 and we put in about $ 15,000. each and financed with a local bank for a three years interest-only bearing loan. After three years, the real estate industry … Read more