March 19, 2011
February 10, 2011
November 14, 2010
February 3, 2010
My mother and I shared a home for 35 years. In 1990 I paid off the mortgage what are my rights as to the home?
senora511 asked:
She died instestate. I have 7 siblings.What are my rights to the home. This is the state of Maryland. The law says that it is to be equally divided. She also had a reverse mortgage of $85000.00 as of June 05. I have put thousands of dollars into this home,because at that time she had no income until 1990. I paid all of the bills and made repairs to the home. What can I do to keep the home? I do not know if we have joint tenancy. The deed of trust that was sent to me when the house was originally paid off has my name firts and then hers. NOTHING was changed in the state of Maryland files as far as I could see. I need help. The Reverse Mortgage people will NOT talk to me even tho I sent in the forms and was approved by the bank in Nov 05 to pay off the loan. They as of this date will not talk to me.My mother died October 05.
ADOLPH
She died instestate. I have 7 siblings.What are my rights to the home. This is the state of Maryland. The law says that it is to be equally divided. She also had a reverse mortgage of $85000.00 as of June 05. I have put thousands of dollars into this home,because at that time she had no income until 1990. I paid all of the bills and made repairs to the home. What can I do to keep the home? I do not know if we have joint tenancy. The deed of trust that was sent to me when the house was originally paid off has my name firts and then hers. NOTHING was changed in the state of Maryland files as far as I could see. I need help. The Reverse Mortgage people will NOT talk to me even tho I sent in the forms and was approved by the bank in Nov 05 to pay off the loan. They as of this date will not talk to me.My mother died October 05.
ADOLPH
August 3, 2009
It’s Easy to Buy Home with FHA Home Mortgage Loans
Christen Scott asked:
Buying a home means requiring a lot of money but it’s not easy to have a lot of money at once for the people. When they are in such condition they seek help from loans and loans help them with their problem. Lot of home mortgage programs are available in market. FHA (Federal Housing Administration) Home Mortgage Loan is one of them and it’s different because of its standard and qualities. To qualify for this loan is as easy as for other mortgage loans. These loans allow first time home buyers to buy home for them very easily.
FHA Home Mortgage Loans is a program run by government, it was founded in 1934. The purpose behind launching this program was to let more and more people to apply and qualify for this loan. These loans are provided to the people by the private lenders. The most important thing about these loans is that any citizen of United States can apply for these loans. The interest rate for FHA Home Mortgage Loans is much lower than that of any type of conventional loans. The down payment for these loans is just 3% of the total cost of home. Even the monthly installments do not exceed 30% of the monthly income of the borrower.
Many FHA Home Mortgage Loan Program are available that allow borrower to not only buy a home but also to remodel and old home. There are programs that offers cash for equity in a Reverse Mortgage, helping the elderly have an income to older homeowners, generally 62 years of age and older.
The amount given to you for FHA Home Mortgage Loans is insured, therefore any default in the repayment does not make lender foreclose your property. The closing cost of these loans is much lower than conventional loans which average two and one-quarter percent. The amount you can borrow is decided by Federal Housing Authority depending on the value of the home you are going to buy. Moreover, if you decide to sell your home, the buyer will easily take over FHA Home Mortgage Loan because of its easy monthly installments.
SAMUEL
Buying a home means requiring a lot of money but it’s not easy to have a lot of money at once for the people. When they are in such condition they seek help from loans and loans help them with their problem. Lot of home mortgage programs are available in market. FHA (Federal Housing Administration) Home Mortgage Loan is one of them and it’s different because of its standard and qualities. To qualify for this loan is as easy as for other mortgage loans. These loans allow first time home buyers to buy home for them very easily.
FHA Home Mortgage Loans is a program run by government, it was founded in 1934. The purpose behind launching this program was to let more and more people to apply and qualify for this loan. These loans are provided to the people by the private lenders. The most important thing about these loans is that any citizen of United States can apply for these loans. The interest rate for FHA Home Mortgage Loans is much lower than that of any type of conventional loans. The down payment for these loans is just 3% of the total cost of home. Even the monthly installments do not exceed 30% of the monthly income of the borrower.
Many FHA Home Mortgage Loan Program are available that allow borrower to not only buy a home but also to remodel and old home. There are programs that offers cash for equity in a Reverse Mortgage, helping the elderly have an income to older homeowners, generally 62 years of age and older.
The amount given to you for FHA Home Mortgage Loans is insured, therefore any default in the repayment does not make lender foreclose your property. The closing cost of these loans is much lower than conventional loans which average two and one-quarter percent. The amount you can borrow is decided by Federal Housing Authority depending on the value of the home you are going to buy. Moreover, if you decide to sell your home, the buyer will easily take over FHA Home Mortgage Loan because of its easy monthly installments.
SAMUEL
December 7, 2008
Reverse mortgage or Equity loan?What is the best, least confusing and fastest way to sell a senior’s home?
vixxen asked:
My grandma is near 80 and my granfather is mentally gone.She doesnt want to be in the house when people are viewing her home.So, I think the best way is for her to see the home she wants to buy, get a mortgage for it, move and THEN sell her home. It is just my dad an I helping her.Any advice?
Yes, grandma wants to sell her home and move to either a senior community or a new home all together.
Her house is paid for.
HERSHEL
My grandma is near 80 and my granfather is mentally gone.She doesnt want to be in the house when people are viewing her home.So, I think the best way is for her to see the home she wants to buy, get a mortgage for it, move and THEN sell her home. It is just my dad an I helping her.Any advice?
Yes, grandma wants to sell her home and move to either a senior community or a new home all together.
Her house is paid for.
HERSHEL