Will banks settle heloc due to medical emergency if the house is worth more than the mortgage?
My initial reaction is to say "No", the HELOC lender will not accept anything less than what they are owed, if there is enough equity in the house...
Fairfield, NJ
Residential real estate Lawyer at Fairfield, NJ
Practice Areas: Residential, Real Estate, Foreclosure
My initial reaction is to say "No", the HELOC lender will not accept anything less than what they are owed, if there is enough equity in the house...
The usual practice by an REO department is to turn the property over to a realtor to market it. It is very rare for the bank to deal directly with...
I think that all four should be on the contract and a simple "Amendment to Contract" adding the additional two names can be done at any time prior...
If the text was signed by both parties and contained all the elements of a real estate contract, you may be able to enforce it. Verbal agreements...
The first thing I would do is hire an attorney to contact your lender immediately. He/she will then advise the lender that you have not vacated the...
You cannot stop him from filing a lawsuit, but litigation is expensive and many people who threaten to bring a suit refrain from doing so when an...
The title company is the underwriter for that title agency and, as such, insures that the closing/ settlement agent will close title properly. In...
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I agree that coming to an amicable solution with the other title owner is advisable. In situations such as yours, the person that wishes to keep...
The rules and regulations of the N. J. Real Estate Commission (which is part of the Dept. of Banking and Insurance) pertain to licensed realtors...
I believe that the best course of action for you is to apply for permits now for the renovations done by your contractor. The town will then send...
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