I have two mortgages with two separate entities what happens in forclosure?

Ordinarily, when a foreclosure occurs, the funds are paid out by lien priority. So if you have a first and a second, the first would need to be...

We've been told that our mortgage is owned by Bank of the West, which has elected NOT to participate in MHA. What can we do ?

Despite the fact that the Bank of the West does not participate in MHA (only Fannie, Freddie and those lenders who took TARP funds are mandated to...

Do we qualify for a loan modification or refinance

Your goals are realistic. You cannot refinance if you are behind on the mortgage or are underwater. just call your lender and get a loan...

Where or how can I find out if a pool of mortgages e.g. GSAA Home Equity Trust 2005-10 still exists or has been terminated.

You can try to look on EDGAR, the SEC website. All the info on the trust, including the PSA, should be there. Good luck.

Hamp Guidellines

HAMP only uses your gross income and does not consider monthly expenses. There are many in-house modification programs, that vary lender to...

Only my name is on the deed of the house awarded to me at my divorce and only my X is on the mortgage. I pay it monthly.

Theoretically, the question really become whether or not he is on the note as well. If he is only on the mortgage, he no longer has any liability....

How can I get son's name on a loan that is in my name? I own my home and property. No debts.

Theoretically, you could contact the lender to see if the loan is "assumable." If so, the loan is current, and your son shows the financial means...

In Illinois if a house is foreclosed on can the cosignors home be attached with a lien?

I would consult with local counsel on this. However, to answer your question generally, it is not necessarily true that a person would not be...

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What can I do about preventing a foreclosure now that a divorce is in the works?

You should really consult a local attorney on this. However, if you are on the note, your obligations will not be "discharged" unless he agrees to...

What happens to the second mortgage when the first mortgage forecloses on house?

The second mortgage holder's debt is now unsecured, they can get a judgment against you for the full amount owed, and potentially garnish your...