Search Results for defaulttag:searchlightcrusade.net,2024:/mt//feed/default2024-05-14T16:49:25ZMovable Type 4.21-en70170In Order To Deal With Looming Foreclosure, You Must Get Out of Denialtag:www.searchlightcrusade.net,2009://3.48562024-05-13T14:00:00Z2024-05-13T15:31:10ZDan Melsonhttp://www.searchlightcrusade.net/
A while ago, I got a call from a hard money lender, asking what I could to to "rescue" one of his clients by refinancing. He was being about as altruistic as a drowning man. What he really wanted...
Undisclosed Short Salestag:www.searchlightcrusade.net,2007://3.37302023-07-31T14:00:00Z2023-07-31T16:15:16ZDan Melsonhttp://www.searchlightcrusade.net/
What happens if a home you signed to purchase goes into foreclosure before the closing date? We were supposed to close on a home four months ago. On the day of closing we get a call from the seller's...
Condominium HOA and Other Common Interest Assessmentstag:www.searchlightcrusade.net,2009://3.48142023-04-24T14:00:00Z2023-04-24T15:46:17ZDan Melsonhttp://www.searchlightcrusade.net/
I bought a condo in DELETED, CA. Zero down. For 7 months I paid every bill on time - mortgages, HOA and taxes until... The Homeowner's Association told us that we MUST pay a $20,500 special assessment. My realtor...
Can You Keep Your Home Through Bankruptcy?tag:www.searchlightcrusade.net,2009://3.48102023-04-10T14:00:00Z2023-04-10T14:35:35ZDan Melsonhttp://www.searchlightcrusade.net/
The answer is "Yes." You don't have to lose your home in bankruptcy. I've done loans for many clients who kept their homes through bankruptcy. But they kept their mortgage payments current, or close enough to current. The condition...
Mortgage Foreclosure and Taking of Other Assetstag:www.searchlightcrusade.net,2009://3.47502022-05-02T14:00:00Z2022-05-02T11:15:23ZDan Melsonhttp://www.searchlightcrusade.net/
if our house is being foreclosed, can they take our retirement or make us sell our cars? we both have (1-2 year old) cars that are paid off. Can they take our cars or make us sell them to...
What if Your Partner Refuses to Pay Their Share of a Loan or Mortgage (or Won't Pay on Time)?tag:www.searchlightcrusade.net,2007://3.35462022-01-31T15:00:00Z2022-01-31T13:30:58ZDan Melsonhttp://www.searchlightcrusade.net/
what happens if partner refuses to pay his half of the mortgage? The lender will hold you each responsible for payment in full. That's the long and the short of it. You both agreed to the loan contract, and...
The "We'll Keep You In Your Property" Scamtag:www.searchlightcrusade.net,2009://3.47212021-12-27T15:00:00Z2021-12-27T13:54:05ZDan Melsonhttp://www.searchlightcrusade.net/
This is a pure scam throughout, but it's legal as far as I know. I'm not going to go into more details than I can avoid. The universe knows there's enough people pulling this right now, but the bad guys...
Efforts to Rehabilitate the Negative Amortization Loantag:www.searchlightcrusade.net,2009://3.47082021-11-01T14:00:00Z2021-11-01T16:24:42ZDan Melsonhttp://www.searchlightcrusade.net/
The negative amortization loan is a very popular loan with certain kinds of real estate agents and loan officers. It has two great virtues as far as they are concerned. First, it has a low payment, and despite the fact...
Restricted Sale Property: Very Difficult to Find A Loan (Even harder to find a good one)tag:www.searchlightcrusade.net,2010://3.50212021-10-28T14:00:00Z2021-10-28T12:16:39ZDan Melsonhttp://www.searchlightcrusade.net/
This is a warning to those who purchase restricted sale property. I've gotten a couple of calls for refinancing these in the past couple months, and I've never covered this subject. A restricted sale property is one where the...
Low Equity (or Worse!) Relocations in a Buyer's Markettag:www.searchlightcrusade.net,2009://3.46932021-10-26T14:00:00Z2021-10-26T13:09:44ZDan Melsonhttp://www.searchlightcrusade.net/
Hi, Dan! I just came across your website and you strike me as the type of guy who has answers for our situation: My husband and I built our home 2.5 years ago. We took out a second mortgage...
Avoiding Foreclosure in Bankruptcytag:www.searchlightcrusade.net,2009://3.47352021-10-22T14:00:00Z2021-10-22T12:48:32ZDan Melsonhttp://www.searchlightcrusade.net/
How do I keep my home after filing bankruptcy. The Mortgage company wants to foreclose? I want to know if there is anyway to keep the home even after filing chapter 7 bankruptcy. I want to know if there...
Will Agents List My Property if I Owe More Than It's Worth?tag:www.searchlightcrusade.net,2009://3.46912021-10-21T14:00:00Z2021-10-21T16:30:47ZDan Melsonhttp://www.searchlightcrusade.net/
The answer is yes. This situation is called a short sale. As with everything else pertaining to real estate, there are potential upsides and downsides. First of all, lenders in short sale situations often demand agents reduce their commission, so...
100% Financing or Low Down Payment or Low Equity: PMI May Be The Only Optiontag:www.searchlightcrusade.net,2009://3.46772021-10-15T14:00:00Z2021-10-15T16:43:14ZDan Melsonhttp://www.searchlightcrusade.net/
One of the casualties of the lending meltdown is the high loan to value second mortgage. With many properties locally having lost twenty percent or more of their value, a second mortgage on a property that ends up in default...
Refinancing Out of A Negative Amortization Loan (Or Any Other) Before The Penalty Expirestag:www.searchlightcrusade.net,2009://3.46762021-10-14T14:00:00Z2021-10-14T15:49:47ZDan Melsonhttp://www.searchlightcrusade.net/
HI, My name is DELETED and my husband and I are searching for a way to get out of our Negative ARM loan before we get upside down. Our problem right now is our loan to value. Our loan right...
What if Your Partner Refuses to Pay Their Share of a Loan or Mortgage (or Won't Pay on Time)?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.29032021-09-26T14:00:00Z2021-09-26T14:10:37ZDan Melsonhttp://www.searchlightcrusade.net/
what happens if partner refuses to pay his half of the mortgage? The lender will hold you each responsible for payment in full. They don't care who pays; only that they get the full amount every month. That's the...
Financing Tricks and Calculating What You Can Really Afford in a Home Loantag:www.searchlightcrusade.net,2009://3.46132021-09-03T14:00:00Z2021-09-03T15:29:59ZDan Melsonhttp://www.searchlightcrusade.net/
(Note: the available loan options have shrunk since this was first written, and the rates are significantly lower right now, but the main point is calculating what you can and cannot really afford) Hi Dan, I am a first time...
Investment Property and Loan Qualificationtag:www.searchlightcrusade.net,2010://3.49952021-07-31T14:00:00Z2021-07-31T15:24:52ZDan Melsonhttp://www.searchlightcrusade.net/
One of the things that has constricted the most with the current paranoid lending environment is the ability to use rental income to qualify for a mortgage. It seems that lenders are seizing upon any excuse to deny income...
Are Foreclosures A Good Investment?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.27932021-06-24T14:00:00Z2021-06-24T10:12:56ZDan Melsonhttp://www.searchlightcrusade.net/
Well, sometimes. Okay, most of the time. But not always. Foreclosures: Bargain hunters beware! Myth no. 1: A big spike in foreclosures is right around the corner... ...That's because in most of the country, anyone who has owned a home...
Legal Reasons for Making Late Payments on Your Mortgagetag:gockel.hmdnsgroup.com,2007:/~searchli//3.27682021-05-27T14:00:00Z2021-05-27T11:22:02ZDan Melsonhttp://www.searchlightcrusade.net/
(I have noticed a fair number of hits to this article that, judging by their search query, probably want the article on What Happens When You Can't Make Your Real Estate Loan Payment instead) I got a question about legal...
Some Risks of Lender Owned Properties (REO)tag:www.searchlightcrusade.net,2008://3.44162021-05-15T14:00:00Z2021-05-15T10:02:11ZDan Melsonhttp://www.searchlightcrusade.net/
I have found your blog to be very informative. I was out riding my bike and rode past a house for sale. In a few minutes of Internet research I've found out a bit about it. The property is...