Open Question: What are the consequences of initiating a non-judical foreclosure on a cond that my husband and I own?
Considering ur fixed expenses (i.e. rent, mortgage, credit cards, etc) r u beginning to see urself living on a very strict budget?
Are most of ur friends and family in the same situation?
MUMBAI - As the number of U.S. home foreclosures rises inexorably, while the Japanese economy is slowing down, with confidence in company earnings falling in the wake of Nippon Steel (other-otc: NISTY - news - people )’s lowered earnings forecast Thursday, Asian investors had no shortage of reasons to dump stocks Friday.
Major Asian stock indexes dropped 3% Friday, following the Dow's 1.8% drop overnight on serial bad news suggesting that the U.S. property market is in critical condition.
Thornburg Mortgage (nyse: TMA - news - people ) disclosed Thursday that it was in default on $320 million in financing after being unable to satisfy a $28 million margin call. Meanwhile, a report from the Mortgage Bankers Association revealed that foreclosures hit an all-time high in the fourth quarter of 2007 and that U.S. homeowners collectively have less home equity than mortgage debt outstanding for the first time since 1945, when the Federal Reserve first began tracking such data. The real estate slump will doubtless aggravate the severity of the subprime meltdown, which has been traumatizing banks and securities firms around the globe.
My partner says that the home that he owns with his wife should not even come into the equation when looking to buy a home with me. I own my own home and live with my 20 year old son who is at university/ and have 80k equity. My partner has 150k shared equity with his ex wife. He is paying the mortgage and most of her bills as maintainance for his 10 year old son. He is currently renting a house nearby. We are talking about moving in together, or buying a house but he wont consider using his own equity to move in. My home will belong to my son when I die. Help
My husband and I recently moved to FL because my husband found a job here and I always wanted to live here. The problem is that we purchased a Villa here and we still own a condo in VA. We are barely making ends meet right now and his company is now talking about downsizing. We cannot refinance because we have no equity in the home . We cant seem to get any good info on the short sale and are thinking of going with non-judical foreclosure. Do we have to be behind on payments to do this? Can the Mortgage Co legally place a lein on our current property or garnish either of our wages if the property sells for less than what is owed which we know it will.
Technorati Tags: equity mortgage, Open, Question, What, are, the, consequences, initiating, non, judical, foreclosure, cond, that, husband, and, own
Are most of ur friends and family in the same situation?
MUMBAI - As the number of U.S. home foreclosures rises inexorably, while the Japanese economy is slowing down, with confidence in company earnings falling in the wake of Nippon Steel (other-otc: NISTY - news - people )’s lowered earnings forecast Thursday, Asian investors had no shortage of reasons to dump stocks Friday.
Major Asian stock indexes dropped 3% Friday, following the Dow's 1.8% drop overnight on serial bad news suggesting that the U.S. property market is in critical condition.
Thornburg Mortgage (nyse: TMA - news - people ) disclosed Thursday that it was in default on $320 million in financing after being unable to satisfy a $28 million margin call. Meanwhile, a report from the Mortgage Bankers Association revealed that foreclosures hit an all-time high in the fourth quarter of 2007 and that U.S. homeowners collectively have less home equity than mortgage debt outstanding for the first time since 1945, when the Federal Reserve first began tracking such data. The real estate slump will doubtless aggravate the severity of the subprime meltdown, which has been traumatizing banks and securities firms around the globe.
Open Question: current on first mortgage, second is home equity loan. Any difference in foreclosure if late on home equity?
Resolved Question: I own my home.My partner still owns a home with his ex wife. We want to buy together??
My partner says that the home that he owns with his wife should not even come into the equation when looking to buy a home with me. I own my own home and live with my 20 year old son who is at university/ and have 80k equity. My partner has 150k shared equity with his ex wife. He is paying the mortgage and most of her bills as maintainance for his 10 year old son. He is currently renting a house nearby. We are talking about moving in together, or buying a house but he wont consider using his own equity to move in. My home will belong to my son when I die. Help
Open Question: What are the consequences of initiating a non-judical foreclosure on a cond that my husband and I own?
My husband and I recently moved to FL because my husband found a job here and I always wanted to live here. The problem is that we purchased a Villa here and we still own a condo in VA. We are barely making ends meet right now and his company is now talking about downsizing. We cannot refinance because we have no equity in the home . We cant seem to get any good info on the short sale and are thinking of going with non-judical foreclosure. Do we have to be behind on payments to do this? Can the Mortgage Co legally place a lein on our current property or garnish either of our wages if the property sells for less than what is owed which we know it will.
Technorati Tags: equity mortgage, Open, Question, What, are, the, consequences, initiating, non, judical, foreclosure, cond, that, husband, and, own
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