| Recent Answers from Eric Forster |
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2008-11-29 Mortgage approval: At this point in time you are not yet the owner of the condo (you will be the owner once the condo construction has been completed and a mortgage for $209,000 is in place). The question, then, is whether...
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2008-11-29 loan approval: Hakan - If you are being sued, you must see an attorney immediately (try the local Legal Aid Society). Otherwise, the seller will obtain a default judgment against you. As to the closing costs, not...
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2008-11-11 Reverse Mortgage: Leilani - The AARP has an excellent guide to reverse mortgages, and you can find it at http://www.aarp.org/money/revmort/. In many cases, reverse mortgages work very well. However, it important for...
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2008-11-11 Escrow: Lynne - What your lender did with the property tax is standard operating procedure for all loans that are in default, and your loan documents specify (in the fine print) that that is exactly what the...
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2008-11-04 Mortgage Help: Hi, Technically, it makes no difference whether you owe one payment or two - either way, the lender can foreclose on you. However, if they hound you with late payments and threats because of a mistake...
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