Payday loans direct lender bad credit

We are sending them all the requested documentation. I guess I am concerned because with me returning to work our current income is better compared to the time we initially applied for mortgage assistance. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Hi i have searched similar threads and have not found any information on this, it may be a very stupid question. Our situation is: we filed Bk 7 in 2010, we had a HELOC with Chase which we stopped paying, never reaffirming the debt but maintained payments for the 1st with HSBC. I question this since there was not lien document and the original Open ended deed of trust (dated 2004) had the following stamp on it Accomodation only. This instrument filed for record by Ticor Title company is an accomodation only, it has not been examined as to its execution or as to is effects upon the title. We want to refinance the 1st and stay in the house. Does this document cloud the title if we were to sell? This payday loans direct lender bad credit is not a stupid question because it is not clear. Sometimes the only way to find the lien is through a deep title search rather than just checking with the county recorder. In my 20 years in payday loans direct lender bad credit real estate and in counseling homeowners, I have never seen a 2nd lien disappear or not be called up during a refinance or sell the home. With that said, I would bet the 2nd lien is still there and it will hinder any refinance attempts unless you negotiate a settlement with them so they can release the lien. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our This is not a stupid question because it is not clear.

Sometimes the only way to find the lien is through a deep title search rather than just checking with the county recorder. In my 20 years in real estate and in counseling homeowners, I have never seen a 2nd lien disappear or not be called up during a refinance or sell the home. With that said, I would bet the 2nd lien is still there and it will hinder any refinance attempts unless you negotiate a settlement with them so they can release the lien.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on payday loans direct lender bad credit the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our I am going to check with Chase, i will need to research some of the threads here to find the right person to talk to at the corporate level. Correct me if i am wrong, since the loan has been discharged, do you know if there will be tax implications as far as them sending us anything forgiving the debt? I am thinking no, since the debt was discharged and the settlement we send is really to get the title clear? I was thinking of just going to HSBC (they hold how to get loan with bad credit the first) and trying to refinance but i do not want Chase to come back for the full amount. Per the IRS, If your debt is forgiven or discharged for less than the full amount you owe, the amount of the canceled debt is taxable and you must report the canceled debt on your tax return for the year the cancellation occurs. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue pay day loans direct lenders or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Per the IRS, If your debt is forgiven or discharged for less than the full amount you owe, the amount of the canceled debt is taxable and you must report the canceled debt on your tax return for the year the cancellation occurs.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

Please Read our I called the recovery department and the HELOC was under the purged accounts. I wish i had the money back then but we had medical bills. There is probably about 150K in equity but i really cannot afford any additional monthly payment. Is there any such thing as refinancing the first without upsetting the apple cart on the discharged 2nd (HELOC)?

We do not want to move or sell, i just want to get a fixed 1st. There is no way to refinance the first mortgage without the second mortgage subordinating to the first which they will not do unless they get paid.

The only other way to get that equity is to sell the home. The problem you have now is they know how much equity you have and may decide to foreclose in order to get their money back. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most payday loans direct lender bad credit of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our There is no way to refinance the first mortgage without the second mortgage subordinating to the first which they will not do unless they get paid. The only other way to get that equity is to sell the home. The problem you have now is they know how much equity you have and may decide to foreclose in order to get their money back. I have been checking with the 1st on refinancing and allowing an additional amount to take out to pay the 2nd. I also want to see if i can negotiate a better amount with Chase so i can get the 60K reduced. The 1st is asking for a settlement letter but if i have chase do that and the loan does not get approved or do not get the loan then i am afraid i will be in a bad situation and not able to meet the agreement. Also the 1st HSBC who is doing the refi mentioned the following?

Do you know of any programs that can help with a situation like this. Right now i am trying to work with Chase separately from the refi. She said as soon as i have the funds to call her and she will submit it to the higher ups to see if the would payday loans direct lender bad credit accept it. Once i have the funds i short term loans online no credit check am asking her to send me something in writing that confirms that they will release the lien on the house with the payday loans direct lender bad credit payment of the 8K.

Is there anything to be aware of in going through this process? I just checked our bankruptcy papers and we had gone thrugh a Chapter 7. From the information you had before does that mean that the difference of the orignial loan 100K and the 8K (what they would accept) will be taxable as income? As mentioned before our main concern is to keep the house and remain in it, reason why we want to refi to a 30 year fixed. Increasing the loan amount to give more to chase would increase our monthly payment which at this time is not feasible. The only thing we are looking at in taking out is an additional 6K to pay off credit card debt. Any money that is forgiven on a loan must be reported to the IRS and yes, it will most likely be considered taxable income. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice free how can i get cash now online bank with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Any money that is forgiven on a loan must be reported to the pay day loand IRS and yes, it will most likely be considered taxable income.

Is there anything else i should ask for once the wire has been sent.

The letter states: After I send the wire would like to get from them a satisfaction of mortgaage in case it takes a while to record the release. Mainly because I want to refi ASAP to a 30 year fixed and can send the lender the document to take into consideration. Any red flags i should be aware of or is this the standard procedure - i finally feel there is light at the end of tunnel in getting out of this bankrupcty mess. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.