Posts Tagged ‘asbestos’

How will the banks treat this one?

Sunday, February 14th, 2010

Was living in one condo and needed money for down payment on a larger one for my family. The first condo was for sale but is just sat, so I rented it, when the new one was completed. Now the payments on both are crushing me. 50 on the first and ,350 on the new one. I can handle the second one okay, that’s where we are living now.

On the first condo, I borrowed money on a home equity loan for additional down payment on the second. First mortgage is for 5K, the amount on the home equity is K. So I owe a total of 0K, the market is now 9K

On the home equity I can still write a check for K…….at the time they issued the loan it was worth more……..

Did I mention that my tenant just moved out, he was only good for 0 per month…….so 50 minus his 950 left me 0 per month in the red. Now it’s the full 50……..this is a seasonal community and the rental market is weak…..

Here’s the question, if I write the a check for the remaining ,000, left on the home equity from the first condo……..then just let the bank have the unit back……..

what are they likely to do and
what will they do to me?

The K in money I clearly have no intent of paying off unless by some miracle the unit sells for 5 and I can wipe out everything and walk away…..

If you have any other input I’d appreciate it. Thanks

Thanks from Florida :(

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Can’t refinance without a job? Nor home equity loan? Divorced? Its complicated.?

Friday, February 5th, 2010

I have a divorce settlement that left me with my house and my exwife relinquished the home. I have a tenant who pays my mortgage and everything is fine. Its just that when i want to make a move like
refinance, I am pretty sure i cant because i dont have a job (unemployed). Also i would like to get a home equity small loan but i feel like again it will be the same thing. Should it be this difficult for a home that is in good standing, i have great credit too. One of my problems is that the divorce doesnt take wife off of note. I even did a quit claim but still i am told i have to refinance to get her off the loan. But i cant refinance cause im not working…..do i got the vicious circle right or should i try a different banker?

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Related ‘asbestos’ sites :


Asbestos - Wikipedia, the free encyclopedia
Asbestos (from Greek ἄσβεστος meaning "unquenchable" or "inextinguishable") is a set of six naturally ... The inhalation of asbestos fibers can cause serious illnesses, ...
en.wikipedia.org/wiki/Asbestos
 
Asbestos | US EPA
Asbestos is a mineral fiber that has been used commonly in a variety of building construction materials for insulation and as a fire-retardant. ...
www.epa.gov/asbestos
 
asbestos: Definition from Answers.com
asbestos n. Either of two incombustible, chemical-resistant, fibrous mineral forms of impure magnesium silicate, used for fireproofing, electrical
www.answers.com/topic/asbestos
 
The Asbestos & Mesothelioma Center
The Mesothelioma Center offers the most comprehensive and current information on asbestos exposure and mesothelioma.
www.asbestos.com
 
Asbestos in Your Home | Asbestos | US EPA
Asbestos in Your Home. The following information below is taken largely from a document ... In the past, asbestos was added to a variety of products to ...
www.epa.gov/asbestos/pubs/ashome.html
 
Asbestos In The Home
The mere presence of asbestos in a home or a building is not hazardous. ... Damaged asbestos may release asbestos fibers and become a health hazard. ...
www.cpsc.gov/CPSCPUB/PUBS/453.html
 
What is Asbestos? Asbestos Exposure Information and Mesothelioma
Exposure to asbestos is responsible for the development of several related illnesses, including mesothelioma.
www.asbestos.com/asbestos
 
Safety and Health Topics: Asbestos
OSHA and the Environmental Protection Agency (EPA) asbestos rules are intertwined. The following questions link to information relevant to asbestos in the workplace. ...
www.osha.gov/SLTC/asbestos
 
Asbestos | Define Asbestos at Dictionary.com
Asbestos definition, a fibrous mineral, either amphibole or chrysotile, formerly used for making incombustible or fireproof articles. See more.
dictionary.reference.com/browse/asbestos
 
Asbestos: MedlinePlus
Asbestos is the name of a group of minerals with long, thin fibers. ... Asbestos fibers are so small you can't see them. Disturbing asbestos can cause fibers to float in the air. ...
www.nlm.nih.gov/medlineplus/asbestos.html
 

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