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Andrade Menefee... Asked 1 more question
17 days ago
I have a home loan with Bank of America. I have already gone through 3 loan modifications with them within the last couple of years with the "Making Home Affordable" program, as they would raise the mortgage after reducing it for a few months and I would have to go through the program again. I was required to miss payments to show a need each time to to modify the loan. In late November they requested those payments be made up and put them back into the loan amount, indicating I was behind on my payments. I informed them that those payments were supposed to be put at the end of the loan and was told, "This is the end of your loan." Since then I have been paying more than the monthly minimum each time. They told me that Making Home Affordable was a temporary reprieve for home owners and those payments need to be made up now. I am afraid of losing my home. Please contact me!
 
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ramon ibarra
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For example, I bought my house for $158k. My current mortgage balance is $142k. The bank told me a few days ago my home is worth about $245k.
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Matthew Hall... Asked 1 more question
a year ago
I am looking at purchasing a new house, this would be new construction in a planned community. I currently have an FHA loan on my current house. I have enough equity in my current home along with assets to have a 20% down payment on the next home. Is it possible to start the house and mortgage before selling my current home?
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A Curious User
a year ago
I sent over a copy of the transaction as I don't get paper statements mailed to me. Will a copy of the transaction suffice? I'm not comfortable sending over my bank statements. It wasn't necessary for another child's loan.
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Jonti Bolles
a year ago
We have been in our home for over 5 years, but want to build on a piece of property in a nearby neighborhood that is in transition. We want to sell our current home when we are able to move into the new (but smaller) home. Do banks provide bridge loans or something to start construction while we can stay in your current home? What are the typical timelines and is there a different qualification or downpayment for a construction loan?
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