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Long Island New York Bankruptcy Lawyer Richard S. Feinsilver discusses how a second mortgage loan can be modified in a Chapter 13 Bankruptcy
Richard S. Feinsilver, Esq
Attorney At Law
Addresses:
163-10 Northern Boulevard, Suite 205, Flushing NY 11358
One Old Country Road, Suite 125, Carle Place NY 11514
2100 Deer Park Avenue, Suite 1, Deer Park NY 11729
110 North Ocean Avenue, Suite LL2, Patchogue NY 11772
Phone Numbers:
1-800-479-6330
516-873-6330
Websites:
http://www.yournewyorkbankruptcylawyer.com
http://www.yourlongislandbankruptcylawyer.com
Duration : 0:1:44
Sherry Bradley discusses the 2008 Stimulus Package and changes to FHA Loan Limits…now is a great time to refinance your mortgage!
Duration : 0:7:7
To learn How To Complete The Free Mortgage Audit Online Form, checkout http://www.strongfamilyfund.com
Duration : 0:7:18
The mortgage crisis that helped trigger the US recession is hurting more than just home owners. An increasing number of tenants are being forced out as well. That is because once the banks take possession of a home, they evict whoever is in it – even if they’ have never missed a month’s rent.
Al Jazeera’s Tom Ackerman reports on the plight of one such family in the Midwest state of Indiana.
Duration : 0:2:43
You know, the one caused by unregulated financial institutions who did what unregulated industries always do in capitalism – create a crisis.
If we had not allowed banks to sell mortgages to third parties, we would never have had this depression.
They did not guarantee any bank’s loans, you silly person.
My point is, the more you regulate financial services, the less problems you’ll have.
that’s right, illegal immigrants with credit cards caused a global economic depression! Don’t forget about fluoride in the drinking water, you dingbat!
very Intelligent as it is well known that the government deregulated under Billy Cigar Smoking Clinton, and it has always been the democrat party’s position to reward incompetence
I am going through a foreclosure on my first mortgage, what are my options with dealing with the second mortgage? Any legitimate websites with guides for dealing with the aftermath of foreclosure would also be appreciated.
If and when the bank sells your house, the amount of the sale will be applied as follows:
First, the costs of repossession, foreclosure and the sale will be paid.
Second, money will be applied to your outstanding balance
Third, any other lienholders (2nd mortgage) will get money.
In this market, the bank is going to be lucky to sell the house for enough money to pay the fees let alone the first mortgage.
So, what will happen is that the 2nd mortgage holder will want you to pay and they very well could sue you and garnish your wages to get paid.
Good luck.
I bought my house right before the real estate crash. I want to find out if there is a way to negotiate a lower principal without affecting my credit.
The only way to do it without destroying your credit is to refinance.
I plan to start a career as a loan officer and want to do business primarily on the internet, from home, as well as get the training on-line and/or by phone. I’m thinking about joining either Apex Lending or Premier Mortgage. Trancontinental Lending Group is also an option. Anyone have feedback regarding these companies? I’m really leaning towards Apex Lending because I like the business structure, however there is a one-time $200 fee for purchasing software that allows you to run the business on the internet and from home. The software has the 1003 appl, credit score/info viewing, matches programs to client info, manages your accounts, funds, can do business in atleast 20 states, etc. Is having to pay this fee a norm when getting started, if so, are there companies that have a lower start up fee? I have taken a 24-hour mortgage broker course in Florida recently, but haven’t taken the licensing exam yet. I will need a mentor for the first few deals and would like to get started soon.
I also work for Aapex mtg that’s based in fl. working from home is cool but it’s best if you can go into an office and do work there. if you’re home you might bs more than if you were in an office, there fore you can get more work done. It’s just a suggestion. You should look around first before you make a decision.
http://www.TonyCroft.com