Sued by Midland Funding LLC?

I have been sued by a collection agency for the chase credit card debit. I am unemployed for long time. I received a petition from a Texas county court. I really don't know what to do. Please help. And if the court made a judgment in favor of them, what will happen? I don't have money to pay it back. I doesn't even have a bank account. I have a house ( my son paying for the mortgage and other stuff, but its under my name) and a 6 year old car (paid off). Am I going to lose those? Please help.

Read more: Sued by Midland Funding LLC?

Will i be able to get a mortgage on a house with moderate to high risk of subsidence?

I am hoping to buy a house at auction next week, but the legal pack states that by viewing records for houses withing 50 meters they have determined that the house has a high to moderate risk of subsidence. Are there any solicitors out there that could give me some advice on whether they think I would be ok to get a mortgage on this house?

Read more: Will i be able to get a mortgage on a house with moderate to high risk of subsidence?

I received a 1099-S with a HUD-1 settlement from when i sold my house, how do i do my taxes?

i need all the money i can get so i can not afford to pay for someone to do my taxes. What forms will i need? After the mortgage was paid off there was about 9,000 to put in my pocket. Is this taxable? Please help!
Added (1). the 8949 says 1099-B, i didn't receive a 1099-B, i received a 1099-S. If you pull up that form you will see what i mean.
Added (2). we lived there about 5 years ago and was renting it to a cousin.

Read more: I received a 1099-S with a HUD-1 settlement from when i sold my house, how do i do my taxes?

The Seller is offering me $5,000 in closing cost help on a $175,000 house. What if I have money left over?

I'm going to have ~$2,500 of closing cost help that is currently "unused". I want to know, what should I do with this "left over" money that the Seller is offering me? Or can I get this money back to pay for the principal on the house and/or buy down my mortgage rate? Thoughts? Has anyone been in this situation before?

Read more: The Seller is offering me $5,000 in closing cost help on a $175,000 house. What if I have money left over?

Can the bank sell a house under a mortgage lean while the owner still living there?

Can the bank sell a house under a mortgage lean while the owner still living there?

Read more: Can the bank sell a house under a mortgage lean while the owner still living there?

Why is it illegal to change someone else's address?

why is it illegal to change someone else's address. When it's not illegal for someone to use your address as their own? I don't understand the concept. I pay taxes, mortgage and everything else for my home and I am legally responsible for my home and my mail box. Why can't I change the persons address when it is my home?
Added (1). @Peace, am i using your address currently? No i didn't think so:) These people do not reside in my home, nor have they ever. People need to prove that they have a right to use someone else's address as their own, maybe permission from the actual owner! That's too challenging for someone like you to consider though.

@Comicbookreader, I have used not at this address return to sender for months now and it has not stopped. Wouldn't it be that they are interfering with my life by purposefully sending mail to my house? Do they pay my mortgage? Are they responsible for the mailbox? Do they pay my taxes? No, exactly, so what right do they have to user my address? Please do explain:) If I start sending mail to your house that's ok then?

Read more: Why is it illegal to change someone else's address?

Do banks allow customers prepay my monthly mortgage?

EX: I have a mortgage ofr $1000 a month. I will be leaving out of the country for a business trip and I will be gone for 6 months. I would like to prepay 6 months worth of mortage. Will the bank allow me to send them a $6,000 check to cover all 6 months while I'm gone?

To clarify, I'm not planning to pay the mortgage off early, I'm not planning to pay down the principles.
Added (1). No auto pay

Read more: Do banks allow customers prepay my monthly mortgage?

Business Law Students out there?

Buildmore Construction Co erects a silo (for grain storage) on Yore Ranch. Buildmore also lent Yore the money to pay for the silo under an agreement that the silo is not to become part of the land until Yore completes loan payments. Before completing payments, however, City Bank, the mortgage holder on Yore's land, forecloses on the property. City contends that the silo is a fixture to the reality and that the bank is therefore entitled to the proceeds from its sale. Buildmore argues that the silo is personal property and the proceeds should go to it. Is the silo a fixture? Who should win in court and why?

Read more: Business Law Students out there?

Who is the ultimate investor in mortgages?

Who is the ultimate investor in mortgages?

Read more: Who is the ultimate investor in mortgages?

If mortgage payments and rent payments are the same?

If mortgage payments (including the property taxes and homeowners insurance) and rent payments are both $550 is it better to buy than too rent?

Are there any other expenses homeowners will have to cover other than maintenance, trash & water, lawn care?

Read more: If mortgage payments and rent payments are the same?

I'm in the process of doing an mortgage app. Can I still change my info or is it too late? Help?!

Ok, so I included my old address as my "current address". I did this for security reasons (long story). But now I'm starting to feel guilty and I don't want any type of mortgage fraud even though it's really immaterial as it relates to my ability to qualify for a loan. I haven't closed on the home yet. Is it too late to come clean? Will they deny my loan if I do come clean?

Read more: I'm in the process of doing an mortgage app. Can I still change my info or is it too late? Help?!

Who has taken a car loan before? Was it a good experience?

I'm in a financial spot where I can't really pay for a down payment of $4,000 or so. However, I don't have a car to travel to work every day. I can't exactly take the bus to go to a place that is 40 miles away every day. I recently got an offer for a great job, but I really need a car. My brother is willing to take a loan for me. However, we are both new to loans. We don't know what to expect. We hear all the time people struggling to pay their loans (student loans, mortgages, etc.), and we want to make sure that we are not going to put ourselves in a difficult spot. Any advices?

Read more: Who has taken a car loan before? Was it a good experience?

What does credit only underwriting mean in reference to a mortgage loan for first time buyers? Thanks?!

What does "credit only underwriting" mean in reference to a mortgage loan for first time buyers?
Thanks?!

Read more: What does credit only underwriting mean in reference to a mortgage loan for first time buyers? Thanks?!

How would I find out if a collection agency filed a judgement against me without my knowledge?

We had a foreclosure in July 2009. The loan was taken care of via the sale of the house by the bank but we also had a HELOC with USAA. That was immediately sold off to a collection agency and the account was closed. The debt passed from agency to agency. With the first agency we tried to make payments but stopped. The debt went through two (or more) agencies that we never talked to. No activity on the debt in two years. The debt is no on our credit report. In fact, we are about to sign an FHA loan for a new house. No leins on us (we checked). So how do I find out if whatever agency had the debt is trying to sue us? I don't want to worry about having my wages suddenly garnished one day. Shouldn't the debt show up on our credit report?

Read more: How would I find out if a collection agency filed a judgement against me without my knowledge?

Is it common practice for the religious to default on their mortgage?

Read more: Is it common practice for the religious to default on their mortgage?

Can you add a second person (new spouse) to your mortgage without refinancing?

Can you add a second person (new spouse) to your mortgage without refinancing?

Read more: Can you add a second person (new spouse) to your mortgage without refinancing?

I'm a young painter with no credit. Can I get a small mortgage with 40-60% down?

I'm a young painter with no credit. Can I get a small mortgage with 40-60% down?
Added (1). I'm self employed with no credit history. I've rented a 1 bedroom house for the past 2 years.

Read more: I'm a young painter with no credit. Can I get a small mortgage with 40-60% down?

When applying for a mortgage do they look at old house titles?

Me and my ex owned a house together, (bad idea, learned my lesson) I was not on the mortgage and only on the house title. When we broke up I did a quit claim deed and transferred 100% ownership to him. Will this negatively effect me in the future when I try to get a house? Will they bring it up or even know about it since it wasn't on my credit? Any help appreciated.

Read more: When applying for a mortgage do they look at old house titles?

Jose is applying for an automobile loan. The lender considers Jose creditworthy MOST LIKELY because Jose?

A has a new job.

B)
has a home mortgage loan.

C)
has many credit cards already.
Eliminate

D)
has made on-time payments to other loans

Read more: Jose is applying for an automobile loan. The lender considers Jose creditworthy MOST LIKELY because Jose?

Will I lose my Home if I'm behind on my Mortgage when I file Chapter 7 Bankruptcy?

I will be filing Chapter 7 Bankruptcy due to Divorce and loss of income next Year. I plan on keeping my home, but I am worried though. I have a home, and due to the significant loss of income, I'm struggling to keep up with the mortgage payments. I may fall behind this month. A coworker who filed Chapter 7 said I have to be current on Mortgage if I want to keep my home when I file. Is this true? I've tried a Home Loan Modification, but I was denied. Any answers?

Read more: Will I lose my Home if I'm behind on my Mortgage when I file Chapter 7 Bankruptcy?

Where can I get a list of people who missed mortgage payment?

Where can I get a list of people who missed mortgage payment?

Read more: Where can I get a list of people who missed mortgage payment?

Which loan companies offer loans with lowest finance charges?

I need to buyout my ex wife from our mortgage so that I can refinance the house in my name alone. She won't agree to me making monthly payments for her equity on the house so I am forced to find a loan that is as affordable as can be. (it's the only way I can continue to make child support payments, bill payments, and payoff the debts that she will not pay). My home is a VA home and they won't let me refinance it to my name alone until I have an official divorce date. My ex won't give me the divorce date until "after" I give her the equity money. I have no gripes doing this because she is entitled to her fair share. Just trying to figure out a way to get this cash to her in a manageable way.

Read more: Which loan companies offer loans with lowest finance charges?

Cost of living in Metro Manila?

Hi I m looking for estimates of cost of living in Metro Manila (Makati area - I m going to assume Greenwoods in Rizal/Pasig is cheaper but I prefer to stay in Makati then my relatives subdivision).

This is not to include rent or mortgage payments - the house/apartment will be paid outright.

So around how much to pay for 2 adults to eat nicely (plenty groceries/some takeaway/some restaurants) each month and also electricity (aircon at night), phone/internet, water, insurance, health insurance, taxi maybe 4 times a week, some shopping in markets like quiapo etc but also some MOA shopping, etc each month?

Is there an average yearly salary that say upper middle class usually earn to live a fairly comfortable lifestyle?

Thank you in advance to all who answer.

Read more: Cost of living in Metro Manila?

Should i pay off my mortgage early if i win a settlement? What should I be cautious of?

Should i pay off my mortgage early if i win a settlement? What should I be cautious of?

Read more: Should i pay off my mortgage early if i win a settlement? What should I be cautious of?

Do a husband and wife have to sign on a mortgage in michigan?

i bought a home in my name as a marrie d man. A few years later I obtained a mortgage as a married man wife did not sign the mortgage. She said mortgage is not valid, and wahts it sold for her equity in the property.

Read more: Do a husband and wife have to sign on a mortgage in michigan?

Are you still bitter about your ex wife taking half money and asset. My husband is still bitter after 16years?

Even though my husband got lots of money now with no mortgage to pay and he still occasional get bitter about.their kids are over 18 so no child support to pay aswell
Is this normal?

Read more: Are you still bitter about your ex wife taking half money and asset. My husband is still bitter after 16years?

Senior Citizens, what's the first thing you think of when you hear the word shill?

BQ - Is any celebrity who endorses a product a shill?
Added (1). I always think of those pretty girls, employed by the casino who play poker with the house's money and lose purposely. Don't know why.

Read more: Senior Citizens, what's the first thing you think of when you hear the word shill?

Call me an asshole but does anyone else feel offended by the VFW commercials soliciting donations?

It starts out saying you claim you help veterans but did you pay their mortgage, out food on their table, pay their light bill and some other things. I find the commercial offensive and help veterans in my own ways.

Read more: Call me an asshole but does anyone else feel offended by the VFW commercials soliciting donations?

Removing and adding a name to a mortgage and various other?

Right, years ago when in university my partner and I wanted to buy a house. As I was in university there was very little hope of me getting anything.

So, my girlfriends dad remortgaged his house for a 20k deposit and took out a mortgage with her on this house. He had no financial input as we paid the mortgage and paid him back a monthly sum on the 20k.

Now he wants to downsize (100k to 70-75k) and is falling short on funds and transferring remaining mortgage (40k, 20
of which is ours).

So, firstly we need to remove him from this mortgage and place me on. How easy is this? Secondly we need to raise around 15k to repay him before it gets a bit awkward.

The house is around 80k with 50k outstanding on mortgage.

So, how easy or realistic is this going to be? We both pull in around 27k per year. Not perfect credit scores.

I'm assuming loan to value is probably around 80% so the likelihood is we won't raise the full amount through remortgage.

Anyone see any glaringly obvious problems with this or been in a similar situation or indeed have a reasonable plan of action or some advice.

Much appreciated.

Read more: Removing and adding a name to a mortgage and various other?

The Beachside Suites borrows $400,000 to purchase an adjoining property to increase the size of the resort?

The Beachside Suites borrows $400,000 to purchase an adjoining property to increase the size of the resort. The interest rate on the 30-year mortgage is 7% and the monthly payment is $2,661. What is the interest portion for the second month's payment?

327.67
329.58
2331.42
2333.33

Read more: The Beachside Suites borrows $400,000 to purchase an adjoining property to increase the size of the resort?

Which debt is worse when getting a mortgage? Credit card or student loan?

I will be looking to purchase a home in a few months. My credit is 732. I have about 10k in student loans and about 3k in credit cards. I have a few semesters to go and i will need help financially. Which debt makes it harder to get a loan… Credit cards or student loans?

Read more: Which debt is worse when getting a mortgage? Credit card or student loan?

Should I ask my nephew to stop telling everyone OUR house is his house?

My nephew and I are actually very close in age. I decided it would be fun to purchase a vacation home because I live in a city. I own 75% of the house, he owns 25% and we split the bills accordingly. He continuously tells everyone that he is going to "his" vacation house and posts on Facebook about how hard he worked to get it. Overall, he just makes it sound like the house is completely his in front of our family and friends. This really irritates me because I put down the entire down payment and only went in with him on it because he begged me. I had told him that I would let him use it, but he insisted that he help with the mortgage if I let him use it. He made it sound like he was being nice.

Should I say something to him?
Added (1). The issue isn't that I spent more money than he did. The issue is that he is acting as if I have no stake in the house and it is only his house.

Read more: Should I ask my nephew to stop telling everyone OUR house is his house?

Can I borrow from my business to put down on a house deposit?

I have recently set up a business last month and have £5,000 in the business account. Me and my boyfriend went to the bank to get a mortgage on a house worth £100,000 with our 10% deposit. The bank have said we need a 15% deposit for the mortgage. We need to get an extra £5,000 together so we can put down 15%.
So my question is can I use the £5,000 that is in my business account towards the house that I am buying? I will put it back by the end of the tax year if I need to. I have stock worth £2,000 and currently mark my items up by 200% and they are selling well. So I will still have money to put back into the business after to keep it going. We can afford the mortgage, living costs and to put the £5,000 back but the house that we have seen is a bargain it is fully furnished and and in the ideal location so we want to snap it up but we cant save £5,000 as quick as we need to.

Any answers will be highly appreciated, Thanks in advance:)

Read more: Can I borrow from my business to put down on a house deposit?

How does Lenders Mortgage Insurance benefit me?

How does Lenders Mortgage Insurance benefit me?

Read more: How does Lenders Mortgage Insurance benefit me?

Explain Lenders Mortgage Insurance (LMI)?

Explain Lenders Mortgage Insurance (LMI)?

Read more: Explain Lenders Mortgage Insurance (LMI)?

What is loan mortgage insurance means?

What is loan mortgage insurance means?

Read more: What is loan mortgage insurance means?

Christmas gift ideas for my partner?

I purchased my partner a Playstation (along with remotes and a couple of games) for his birthday in April. Because we have a mortgage and I have bought him such an expensive gift for his birthday, he has requested that I not buy him a Christmas gift. I said that he was being ridiculous and would just get him something small (especially as I know he's gotten me something) - probably around the $50 mark.

He is so difficult to buy for that I was really struggling for ideas - then he got a new phone. I had made my mum a photo calendar for Christmas and remembered that the same website offered custom phone cases for his particular model. I managed to get it on discount and with free shipping, so I ended up spending a little over $10 on the whole thing (instead of $30). I would really like to get him something else small to go with the cover, but I am completely stuck!

Any ideas that are $50 or less?

Read more: Christmas gift ideas for my partner?

Appraisal came back higher than selling price. Can the lender approve for lower of the two?

Sales price of 120, offered 130.
The lender's appraisal came back at 132 and only want to approve loan for the lower of the two which is the 120. Can they do that? How can I get them to lend based on the amount I had already offered?

Read more: Appraisal came back higher than selling price. Can the lender approve for lower of the two?

Do you have to pay closing costs or appraisal fees again when you transfer mortgage to a different bank?

My bank doesn't own the mortgage, they only 'service' it. How much will it cost much to switch to another bank.

Read more: Do you have to pay closing costs or appraisal fees again when you transfer mortgage to a different bank?

So my wife and I have been married for 3 months?

She is currently signed off from work for depression (no, not because of me, cheeky lot) she suffers from depression, she has been felling poorly this past week so we're going out for a movie and dinner, (fingers crossed) I want to do something to make her special, finance is a bit tight obviously, as all bills and mortgage etc have come out, but i don't mind spending a reasonable amount… Any ideas on what I can do to make her feel special on the day? I was thinking the obvious, flowers and card etc, but I want to something more, I would buy her a dress but again i dont know if my taste in womens clothes is great! Any ideas would be great!

Read more: So my wife and I have been married for 3 months?

Can you get a loan for your house deposit?

I am 21 & Me and my partner would like to buy our first house. Its a friends house and she needs a quick sale as she is moving abroad for her new job. Its has been valued at £140,000 but she said we can buy it for £100,000 fully furnished. We do not want to miss out on this bargain. We have already saved a deposit of 10,000 as we was already looking to mortgage a house. Halifax wont offer us a 5% mortgage deal. They want 15% and so do every other bank we have applied with. I wanted to know if we could get a joint loan of £5,000 for the rest of the deposit. I would assume that the bank will frown upon this but could it be an acception as we have put MOST of the deposit? We can afford both mortgage and the loan repayments with a joint income of £45,000 and small financial commitments such as phone contracts etc. But we don't have enough time to save the extra. Has anyone had a loan for their deposit? We dont want to get a loan to find out we will not be able to get the mortgage.

All answers will be highly appreciated. Thank You:)

Read more: Can you get a loan for your house deposit?

How much insurance is required with a reverse mortgage?

How much insurance is required with a reverse mortgage?

Read more: How much insurance is required with a reverse mortgage?

Can you write off the entire 2015 property tax in this year?

We're trying to find other ways to reduce our taxable income since our 401Ks are maxed out. We're in CA and were looking to pay in advance on our property tax. If you've done this or are in the tax field, I'd love to hear from you. Please don't waste my time if you don't know or are going to response with a dumb comment like "ask your financial adviser" (something most people don't have). The property tax seemed like a better idea than making January's mortgage payment in Dec (that would only apply the interest portion but the property would be the full amount on your itemized deductions)

Read more: Can you write off the entire 2015 property tax in this year?

Unsteady income applying for a mortgage?

I'm looking to buy a house and I want to try to lock in a good interest rate before they raise up again. I have excellent credit. My question is will I be able to qualifiy if my income is "unsteady at the moment"?

I make between $38,000 and $42,000 per year depending on the market demand. So some years we have a lot of overtime and other years we will be shutdown for 6 to 9 weeks depending on the market.

Unfortunately we are currently in a slow market and have been having a lot of shut down weeks recently. Also when they do shut down they never shut down more than two weeks at a time.

Will I be able to qualify for a mortgage? Will this raise my interest rate since I don't show consistent income or will they just qualify me for a lower mortgage amount?

I'm assuming in a normal circumstance I would qualify for $100,000 but the houses I'm looking to get are in the $65,000 anyway and the mortgage loan would only be $52,000. I have a 20% down payment and good credit (765 credit score) but currently unsteady income. If I do buy a $65,000ish dollar house I'd have about $15,000 left in the bank specifically for expenses. My monthly expenses would be a total of $1850 per month.

Read more: Unsteady income applying for a mortgage?

If I'm in debt and I kill myself, do my family and relatives have to pay what I owe?

If I'm in debt and I kill myself, do my family and relatives have to pay what I owe?

Read more: If I'm in debt and I kill myself, do my family and relatives have to pay what I owe?

How are we doing financially?

Below, average, above?

Husband and I ages 28 and 33

Income. Take home combined: 6k
Liquid savings: 8k
Retirement: 61k
Mortgage: 24k left. Worth 120k
No other debt.

We currently save 1400 a month in liquid and 1100 a month in retirement. When our liquid gets higher we will cut back on liquid and add more to retirement. We would really like to retire early. But we also do plan on having a child within 3 yes

Read more: How are we doing financially?

Using Future Income for Mortgage?

I will be receiving former spouse military retirement income starting 2/1/15 but have found the perfect house now. Does anyone know of a way to use this income to qualify for a mortgage? I have the official letter stating when the payments start, how much and for how long. Thanks!

Read more: Using Future Income for Mortgage?

Confused about the debt snowball?

Dave Ramsey suggests that after $1000 emergency fund is set up, debt snowball begins. He states that all debt excluding the mortgage should factor into that.

Should I buy my house BEFORE paying off debt? Should I be saving for down payment on a home BEFORE paying off debt? Why did he exclude this step?

Read more: Confused about the debt snowball?

Once one gets a mortgage offer, how long til the money is transferred (England)?

We've had the valuation and are waiting any day for the offer (hopefully). Does the money come through straight away? Thanks

Read more: Once one gets a mortgage offer, how long til the money is transferred (England)?

I NEED TELEPHONE NUMBER FOR INDY MAC MORTGAGE SERVICES COMPANY?

I NEED TELEPHONE NUMBER FOR INDY MAC MORTGAGE SERVICES COMPANY?

Read more: I NEED TELEPHONE NUMBER FOR INDY MAC MORTGAGE SERVICES COMPANY?

What's the best way to refinance a mortgage?

What's the best way to refinance a mortgage?

Read more: What's the best way to refinance a mortgage?

Would a house under short sale still take this long to close?

I'm a cash buyer, considering buying a house that's under a short sale. The house is listed for a certain amount, but the short sale is actually approved for $5,000 less than asking price. If I accept that price and pay cash, would it still take the 60 days to close that they are claiming? Or does that only apply to people who are getting a mortgage?

Since the short sale is already approved at an amount I'm willing to pay, I don't why it can't close within two weeks.

Read more: Would a house under short sale still take this long to close?