Kaydee asked:


I have a 2nd mortgage with irwin. 3 years ago i declared bankruptcy for medical reasons but did not reaffirm this mortgage. I did not know that i needed to and Irwin was not present at the hearing. they have tried to foreclose which I stopped and now they won’t let me pay off with a refinance but won’t disclose why. Anyone else have similar problems?

RUDY

kubiak422 asked:


We have only had our mortgage for 3 years now.

PETER

dumbmistake asked:


I cosigned on a mortgage AND home equity loan over 5 years ago for my sister (and her husband) under the verbal agreement that they would get their act in order and refinance to get my name off the mortgage and loan within a year or two. Well it’s been over 5 years and not only are they doing nothing to get my name off their debt, but they have completely ruined their credit as well as mine. I am on the deed but with only 1% interest. I have been asking her for the past 2 years to hold up her end of the agreement to no avail. I recently got married and purchased a home of my own - but could not put my name on our house because I am carrying this other debt. My husband is carrying all of our debt under his name, while I am carrying my sister’s. I’m pretty much screwed unless this gets taken care of. I am currently seeking legal advice, and quite possibly will take her to court, but that will cost me a lot of money. Does anyone have any insight on how to handle this situation?
I am thinking there must be a way to force her to sell the house to repay the mortgage and the home equity loan - and thereby satisfying the loan that’s under my name?

ALLEN

badgirl asked:


BadGirl has an idea. What if I dump all of my student loans into a refinance and/or home equity (on property I own, but need to unload), and then I decide to bail on that property. It will take me a good 20 years to pay off my large student loan, but how long will it take to recoup my credit rating if I do this? BadGirl thinks it will take longer to pay off the student loan, than rebuild a bad credit rating (and get rid of the student loan debt for good).
Comments/suggestions?
BadGirl was not considering a bankruptcy, just giving the property back to the lender and dealing with the rest. You are right about the fact that I should be smarter, but I actually make about $40K less than I did before I became a teacher, and have more college debt because of it. I was thinking about refinancing with the same shitty company that talked me into the interest only rate to begin with-I thought maybe I could give them some of their “interest” back.

ZACHERY

Deby asked:


We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?
We wish to purchase a 2006 or 2007 new mobile home from a dealer.We have land with approximately 25000 equity in it. Owe 7500 and want to use the equity towards the purchase and pay the land off and refinance it with the mobile home loan. but due to my brother having his 35 year old mobile home on my property I am having a problem finding a lender that will do this. They want us to split the property into 2 deeds. Due to zoning restrictions we cannot do this. His home is in his name and is not part of the appraisal on my property. Our credit scores are approx 540 to 600 not sure of the exact figure. Does anyone know who can help us?

NESTOR