Tag Archives: House Loan

When is the right time for a home equity loan?

Posted on February 26, 2010 by admin

Kae B asked: I am interested in doing some updates to my home totaling about $50K (windows, bath, kitchen and small interior remodel). I haven’t really priced things out so this might be an inflated estimate, but I’m sure it’s … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , | 3 Comments

Can I let a house go into foreclosure under a dead person’s name? Or will the mortgage transfer to the heirs?

Posted on March 11, 2009 by admin

EarlyRetiree asked: My father-in-law passed away recently and he owed as much or more than the value of the house on a home equity loan. Can we let the loan default and let the house foreclose? Or will the home … Continue reading →

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what happens to us if we want to sell a house with 2 mortgages and an home equity?

Posted on March 3, 2009 by admin

WhoK asked: We have 2 mortgages (1st & 2nd), my friend withdrew an other line of equity. What happens to the equity line loan if we sell this house short? Can we ask the bank to convert equity loan to … Continue reading →

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 2 Comments