What is the process and charges (if any) for applying for a forclosure home loan?

August 31st, 2010 by Bank Loan | 5 Comments | Filed in Loans
homes loan
by TheTruthAbout…

Question by Miss Letty: What is the process and charges (if any) for applying for a forclosure home loan?
I’ts been a while since I apply for any home loans, but I don’t know if forclosure loans are different? Are there any initial or process fees involved, and a limit on the application loan?

Best answer:

Answer by Age of Reason
The same as applying for a loan on a new house. You pay a broker a fee to find you a mortgage then you pay all closing cost roughly 6% of home purchase price and you need a down payment
Price limit is based on your income and the price of a house.

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Can I get a home loan for more than what the house is listed for?

August 30th, 2010 by Bank Loan | 6 Comments | Filed in Loans
house loan
by Fibonacci Blue

Question by Alisha: Can I get a home loan for more than what the house is listed for?
i wanted to buy a house that definetly needs work….it is selling for $ 54,000 but i wanted to get a loan for about $ 70,000 to get the house fixed up. Will the home loan people approve a loan for higher than what the house is listed for ?
The house was purchased a year ago for $ 72,000, and the people who owned it, trashed it and now its going into forclosure, so with some work it could be worth 72 thousand or higher.

Best answer:

Answer by DJ B
If the appraisal comes in higher, then the lender may work with you to rehab the house. But otherwise probably not. You will have to do an investment loan anyway.

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Need a Home Improvement Loan for a house I purchased 2 years ago in Texas?

August 27th, 2010 by Bank Loan | 2 Comments | Filed in Loans

Question by Gordo21: Need a Home Improvement Loan for a house I purchased 2 years ago in Texas?
I looking to get a Loan for $ 5500.00 – $ 7500.00 to fixup my house. I’m a first time home owner and purchased the house as a forclosure through an FHA Home Morgage Loan. I don’t have much equity built up, but I’m looking for any options available. Government Loans or Grants, First Buyer Home Improvement Loan, Any advise will be appreciated. Thanks

Best answer:

Answer by glenn
If this is for new windows then you can borrow from the window company. Same for new AC or appliances. Maybe some other things. Ask whoever you are planning to hire.

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Is US Bank Breaking the Law?

July 10th, 2010 by Bank Loan | 50 Comments | Filed in Loans

inflation.us Sign up to get our free report! en.wikipedia.org en.wikipedia.org Is US Bank a legal CA Corporation? – US Bank is not listed with the CA Secretary of State. Interesting that when naming US Bancorp in a lawsuit, US Bancorp pushes all lawsuits onto “US Bank” (which doesn’t seem to be a legal entity) Is American Serving Co. a legal entity? – We have not been able to find ANY Articles of Incorporation anywhere in the United States for this major US Bank servicing agent. Did US Bank Verify Income on the Loans they Issued? – Did US Bank grant loans, fully aware of fraudulent borrower information? Where did US Bank get it’s Money? – If US Bank is claiming they were injured during a forclosure, don’t they need to provide basic accounting showing where the initial loan funding came from? Does US Bank have the Original Note from ANY loan? Is US Bank using lawful means to evict former homeowners from their properties?

ASTONISHING VIDEO EVIDENCE FOUND!!! the Clinton administration admitting their policy of “BANK AFFIRMATIVE ACTION”. Secretary Cuomo admits they forced banks to make BAD LOANS. Video also shows Obama’s tie to all this. Obama is seen discussing his legal and community organizing career. See how it ties in to ACORN and the Clinton administration enforcement of the Community Reinvestment Act.
Video Rating: 4 / 5

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