Low Rate homeowner loan

Aug
27

Mortgage scam/Bank fraud?

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mortgage fraud

The daughter of a dear friend of mine has gotten herself in some pretty deep trouble and claims innocence. See link.
Is it possible that anyone involved in this may not have known what was going on?
http://www.mortgagefraudblog.com/index.php/weblog/comments/2714/

Quick House Sale
Categories : homeowner loan
Comments (9)
homeowner loan

If you are a homeowner, you can pledge your home and get a big loan amount in return. This is the easiest way to avail a loan. Even lenders would not ask you too many questions just because they are getting a security for their money. They know that they have a support in the form of your home. But, if you are apprehensive of rising number of repossessions, there is another way out also.

A homeowner can take unsecured loan without requiring to pledge his home. Unsecured loan for homeowner comes with a little higher rate of interest when compared to secured homeowner loans. This happens due to the higher risk that lenders have to assume without the security in place. You should make sure that your credit score is high enough to get you a loan at competitive rate. A better credit record gets you a better interest rate.

Credit rating agencies like Experian and Equifax can be approached if you are not aware of your credit score. These agencies charge a little fee for providing you with a credit score. In fact, these agencies record every detail in your credit file and keep it updated for financial purposes. Lenders confirm your credit record from these agencies before sanctioning you any type of loan.

If you have a credit score of above 600, it is considered safe. Unsecured homeowner loans can bring you a loan of up to £25,000. Of course, your credit score would be a critical factor in getting that much amount. The repayment term usually varies between one to ten years. It becomes difficult to get an unsecured loan for homeowners in case of bad credit history. Even if you get it, the interest rate would be very high. So, maintaining a good credit score should be a priority for every borrower.



Real Estate Professionals
Categories : homeowner loan
Comments (0)
homeowner loan

For example, our homeowner’s insurance is in an impound account, as well as property taxes. Will any of this come back or will it be absorbed into what is owed to the lender?

Sell House Quick
Categories : homeowner loan
Comments (2)
mortgage fraud

I got a letter from my mortgage company saying that an employee “may” have sold the information off my application. They have fired the person, but the deed is already done. What should I do? What would you do?
The mortgage company said I get complimentary credit reviewing for two years… but did not mentinon my sister who was the co-signer… and she is worried about her information as well.
Both great answers- I’ll let Yahoo people vote on this one. Thank you!

Quick Property Sale
Categories : homeowner loan
Comments (2)
homeowner loan

If your loan applications are getting rejected due to your bad credit status then bad credit homeowner loans can be very helpful for you. Bad credit homeowner loans are loans for people who own a home and are suffering from bad credit status. You can avail bad credit homeowner loans by placing your home as security against the loan amount.

Bad credit homeowner loans can be availed by a person having a bad credit score. This can happen due to arrears, defaults, late payments, country court judgments or CCJ’s etc. To avail a bad credit homeowner loan you need to place your home as collateral against the loan amount. You’ll also have to submit your income tax returns detail and bank statements to convince the lender to offer you loan at low interest rate. With bad credit homeowner loans you can avail an amount that ranges from £ 5000 to £100000. The repayment duration ranges from 5 –25 years. Loan amount depends upon the value of collateral placed as security and the repayment ability of the borrower. As the loan is advanced to people having bad credit score, lenders offer bad credit secured loans at slightly higher interest rate ranging from 7.9% APR to 19.9 % APR. You can also apply for a bad credit homeowner loan via Internet.

Bad credit homeowner loans are very beneficial for people suffering from bad credit status. If you are a homeowner and want to avail a personal loan then bad credit homeowner loans are best for you. You can employe the amount availed through bad credit homeowner loans to meet any of your personal needs like buying a car, paying debts, renovating home, and debt consolidation and so on. Bad credit homeowner loans are very economical because it carries low interest rate. Lenders offer flexible repayment duration with adverse credit secured personal loans. You can choose repayment duration from 5-25 years. Borrowers can increase their credit score by paying the loan installments regularly and on due time.

Availing bad credit homeowner loans is very easy but make sure to pay the loan installments on due time because lenders can seize your property in case of non payment of loan installments.

With Bad credit homeowner loans, bad credit borrowers can easily avail large amount of money at very low interest rate.



Passive Income
Categories : homeowner loan
Comments (0)
homeowner loan

I’m thinking about starting a document prep service that assists homeowners in getting their loan modification together to submit. I have seen what those loan mod firms & attorneys charge! What do you think of this type of service offered?

Sell House Quick
Categories : homeowner loan
Comments (3)
Aug
05

Occupancy Mortgage fraud question?

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mortgage fraud

Okay I did a google search and found out that occupancy fraud is the number one mortgage fraud according to a study they did. Now what are the chances of getting caught? I think they are slim although I know you might say “I wouldn’t risk it”. I am 20 yrs old i bought a duplex and it’s too expensive to live there so I just rent it out. If they were do find out how would they find out? Bills are on someone else’s name, no mail goes there, all the mortgage mail goes to my e-mail no paper. I don’t want to hear how dumb I am on the fraud or whatever, it’s just not an option. How can they possibly find out? What are the chances? If you really want comments/suggestions are welcome. Thank You in advance =)

Rent Back
Categories : homeowner loan
Comments (5)
homeowner loan

Everybody has to manage money, be it the weekly shop or a multi-million pound contract at work. Most people have some form of debt, accrued through either planned or unexpected spending. It can be a difficult task to manage multiple debts with several credit suppliers, ensuring that payments are made on time to avoid penalty charges.

There are two main types of loan, secured and unsecured. A secured loan is when the lender is given a legal right to an asset belonging to the borrower, so that in the case of a default on payment, the lender can repossess the asset and recover their costs from its subsequent sale. An unsecured loan differs in that no asset security is required; loan limits are based on the individual’s credit history and ability to meet the proposed repayment schedule.

The total personal debt in the UK at the end of June 2007 was 1,345 billion GBP. Debts that are spread on credit cards, store cards, bank overdrafts or personal loans can be consolidated into a homeowner loan, allowing you to the spread the repayment schedule over a longer period according to your individual circumstances.

A homeowner loan differs from other forms of loan as it secures the debt against the value of the owners’ property. This often results in a homeowner managing to obtain a larger loan then they would be able to through an unsecured method. This can be useful to pay off other debts and consolidate them in one long term payment plan or to borrow additional funds for other projects.

Many people dream of having more space and moving to a larger home and with demand exceeding supply of properties, house prices have hit new highs and the rise is expected to continue. Some owners are exploring new ways of getting more space by considering the option to extend their current home. By securing finance with a homeowner loan you could build an extension to your existing home, making financial savings by avoiding having to pay expensive estate agency fees, stamp duty or removal costs as incurred when moving properties.

During 2006 there were over 2.3 million new cars registered in the UK. As a viable means of commuting and transporting the family, cars are common place throughout society today, but they are a major financial cost, often second only to a mortgage. Many buy a new car by taking an unsecured loan to pay for their purchase, however a homeowner loan could prove to be a more financially viable option.

Whatever your motivation, if you own your home you will have the option of getting a homeowner loan which may save you money in comparison to unsecured loans. It doesn’t cost anything to investigate, so find out if a homeowner loan could help you to improve your financial circumstances.



Repossession
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Comments (0)
Jul
23

Shocker: Mortgage Fraud Is Rampant?

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mortgage fraud

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday. Suspicious activity reports rose to 63,713 in fiscal year 2008, which ended last September, from 46,717 the year before. California and Florida, centers of the housing bust, had the highest numbers of suspicious reports as foreclosures jumped, the stock market dropped and credit dried up. “Industry employees sought to maintain the high standard of living they enjoyed during the boom years of the real estate market and overextended mortgage holders were often desperate to reduce or eliminate their bloated mortgage payments,” it said. Reports filed through March put fraud reports on track to top 70,000 in the current fiscal year, the agency said.

When you mandate mortgage fraud, you shouldn’t be too surprised when you actually get it.

Of course it is those greedy ‘industry professionals’ who are to blame. Or is it?

Rent Back

Categories : homeowner loan
Comments (1)
mortgage fraud

I believe that I am a victim of mortgage fraud and total loss is about $500,000.00 I already contacted FBI and also hired private attorney to file a lawsuit against the lender, seller, appraiser, realtor and the title company. To make a long story short .I bought a property which was inflated by the seller , over a half million dollars. The loan officer from the lender, appraiser, realtor, and the title company eventually helped seller to flip the property which means they all lied to me about everything. (I have all the evidences)
Please assume that I have a strong case – (Just for civil case) how much would be reasonable for me to ask the lender to compensate – I want to be a reasonable person and my lawyer and I have a little different opinion for this matter. I need a second opinion from others.
P.S. Previously I had a meeting with the president of the subject lender. He treated me as if I was a begger who is trying to make fortune out of this case. I was sad.
Thanks

Quick Property Sale
Categories : homeowner loan
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