Posts Tagged ‘property taxes’
Friday, December 18th, 2009
I want to sell my current home & purchase a condo. I am a retired senior with a fully paid-up home. The condo is in construction to be finished in a couple of months.
If I list my current home, it may not sell in time to simply pay for the condo. Therefore I have been to see lenders. They all recommend against a bridge loan due to unavailability and also due to high costs. They also recommend against a Home Equity loan. The one I think would be the best is this scenario but I am asking for your guidance on which one is the better way to do this for any and all reasons.
Re-finance my current home and take a 0k loan at less than 5%. This loan would have no prepayment penalty. I would make a k down payment on the condo Then sell my home and pay off the refinance loan on the home & owning the condo free & clear.
The other alternative, is to take a mortgage on the new condo & pay it off when the house sells but that mortgage cannot be done until it is completed. Again, there would be no prepayment penalty. Also the seller will not do a contingency.
If I would take the loan on my current home I would not have a problem making the mortgage payments because they would be low enough for me to afford to do this for a few months while the house is listed. But I’m not sure if it makes things more complicated to sell a home with a mortgage on it or not?
I would like to keep the home & rent to my son for property taxes only but it would be less rent than FMV & I think the IRS calls it my second home & the tax benefit is lost. What a shame not to be able to help out.
Thank you,
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Tags: australian senator, bridge loan, contingency, fdic, finance investment, guidance, home amp, Home Equity Loan, international trade, investment property, irs, lenders, mortgage payments, offside, olympia, portsmouth, prepayment penalty, property finance, property taxes, springfield illinois, tax benefit, unavailability, what a shame
Posted in Home Equity Loan Refinancing | 4 Comments »
Saturday, December 5th, 2009
My husband and I just applied for a home equity loan and were denied. We already have one which we applied for 2 years ago for ,000 which we have paid off ,000 (always on time!). We just applied again – for a ,000 line of credit – to pay off our credit card debt and the rest of the other home equity loan (which is at 6.24%). The new loan would be a variable rate of 3.5% where we would actually be paying less than we are now per month (but we would pay off more due to we are paying much more just to pay off the minimum amount on our cc’s). The issue is that we have a loan or mortgage for the house with my mom and dad (it’s actually just in my mom’s name). We have a legal contract written up but we have had some really tough times and we have not had to pay much over the last year or so – just our property taxes to the town (not so little in NJ). We did not list an actual mortgage on the loan application due to it being a private loan. I can’t even remember what we did for the first one and I don’t have a copy. Could this be the reason why we were denied in that it doesn’t show any equity in the house (the house is in our name) and if it is the reason how do we go about showing that we do have equity in the home and how much should we show – my mom will show whatever amount we need that would look realistic? We have lived in the house for 5 years and it’s worth about 0,000. Our credit scores are 749 and 769 so we know that isn’t the problem. Thank you so much and I’m looking forward to hearing your advice.
Sincerely,
Julie
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Tags: advertisers, amp, articleshow, card debt consolidation, credit card bills, credit card counseling, credit card debt, credit card debt consolidation, credit scores, debt counseling, Home Equity Loan, legal contract, legislation, loan application, mom and dad, mortgage, private loan, property taxes, tough times, variable rate
Posted in Home Equity Loan | 5 Comments »
Sunday, November 29th, 2009
I think that my husband and I are victims of predatory lending. Here are the details. We have a balloon loan for one year with 8.1% interest. The house was appraised for ,000 more than our loan. The bank who financed us let us use our vehicles as collateral, one was wrecked, so it has been released, but now they are holding on to my 1997 mini van, unless we pay them ,700 which they claim is the decrease that the market has taken and has reduced our equity in our home. When we went to resign the yearly loan in December, we asked if we could get the interest reduced, they said no. We asked if we could refinance, they said they do not do refinancing and directed us to their main office who would contact Countrywide for us. Last night we received a letter that said since we didn’t pay our property taxes in October, they had paid it and now that has raised our house payment. We have been having some financial trouble and were planning on paying the taxes with our income tax return. We are current on our loan but do have two 30 day late dings on the loan.
So, what do we do? Contact a lawyer? How do you negotiate with something like this??
Thanks!
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Tags: amp, balloon loan, blog archive, collateral, curse, easy finance, federal mortgage, financial crisis, financial trouble, Home Equity Loan, home loan, income tax return, lawyer, loan equity, mini van, mortgage loan, personal lending, property taxes, refinancing, rupee, tremors
Posted in Home Equity Loan Refinancing | 3 Comments »
Monday, November 16th, 2009
I have a regular home loan 15 years Fixed @ 5.25. I have paid about 10 years so far and my outstanding loan is around 95000. My monthly payments are around 1400 excluding property taxes.
I have a second Home Equity loan – 10 years Fixed @ 7.25. I am 1 year into this loan and outstanding balance is 75000. My question is should I consolidate them into a single loan and if yes for how many years I should get the new loan so that I don’t pay a lot more towards interest.
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Tags: 10 years, agricultural land, car loan, deployment, enchantment, fha home loans, friendliness, Home Equity Loan, home loan, home loan bank, homebuyers, loan home loan, loan options, mountain biking magazines, new mexico tax, personal loan, property taxes, refinancing your home, rgf, shepard smith, tax lawyer
Posted in about home equity loans | 1 Comment »
Saturday, November 14th, 2009
We owe 5,000 on our house and it’s now worth about 0,000. We have an ARM that is going to reset in Jan 09. We definitely can’t afford the ,000 jump in payment. Called the mortgage company (Ocwen) and they said we do not qualify for the government’s freeze on interest rates program because our ARM was for 3 years instead of 2, but they said call back closer to the time the loan is set to reset and they’ll work with me. Somehow I doubt it and I don’t want to pay my ,100 property tax bill on the house if I’m just going to lose it in the end. Plus, I’m thinking about all the money we could save every month if we let it go and just rented a house. We’d save about ,000 a month on rent and ,000 a year on property taxes. Why hold on to a house that costs too much and has no equity? Not to mention it’s an interest only loan, so paying it off will NEVER happen. Please give me your advise. Is foreclosure really so bad? My credit score is already low (610)
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Tags: 3 years, bad credit debt consolidation, bad credit debt consolidation loan, bad credit mortgage, bailout, branch managers, cambridge village, commercial loans, credit score, debt consolidation loan, diablo 3, foreclosure, how to stop foreclosure, improving your credit, interest only loan, interest rates, lending money, money, mortgage company, mortgage lending, ocwen, prescription drug discount, property tax bill, property taxes, starcraft 2, zero interest
Posted in home equity loan interest rate | 1 Comment »
Wednesday, November 11th, 2009
well in 2007 my dad took a home equity loan out. In 2008 I was put on the deed to the property. If my dad defaulted on the loan or property taxes and the house goes on a forclosure list am I going to have that on my credit. I live in philadelphia, pa
Tags: dad, Home Equity Loan, philadelphia pa, property taxes
Posted in no equity home loan | 1 Comment »
Tuesday, October 20th, 2009
I can’t afford my house payments! I used to only have a 1,500.00 payment on my house and then my business took a hit in 2006 and I had to get some equity out of my house so I did a new loan with hfc. With my and my wife our income was 4500.00 a month and they made our payments 4,000.00 a month. I was VERY stupid but I needed the money badly! Now I got some place with them because they lowered my payments to 3500.00 temp. My wife just lost her job and got a new one making only 1500.00 every two weeks. Now my business has closed and I am on uneployment. I don’t know what to do now. I don’t have 3500.00 a month i have 4 kids still living at home and I cant afford it. Now hfc is moving to india and I dont know what to do. ANY HELP!!! Contacting them gets you no were. They say one thing but never do it! Any tips. Im thinking about calling hope tomarrow but i dont know what they can do if they are moving. My house does not even include property taxes,insurance. Property taxes are 4,200 a year and insurance is 150.00 a month. now here is the bad part. My business has ruined my credit sooooo bad were i cant even get a credit card. IT"S LOWWWWWW AS YOU CAN GO. I was 3 months behind on my payments for the house but they added it to the back of the loan (THAT WAS SOME HELP) but with our income we cant afford 3900 in a house payment. I NEED HELP and ADVICE.
Tags: credit card, hfc, india, insurance, insurance property, job, living at home, money, property taxes, tomarrow
Posted in no equity home loan | No Comments »
Tuesday, September 29th, 2009
10 Points for Best Answer rewarded ASAP….!
Headline:
Owning the home youre in can be difficult to achieve when
the original owner has departed
It can be extremely difficult in some situations when the original owner of a house does not write out a personal will and testament. The difficulty in this situation is taking their name off the title, and putting a new name on it. Working together with experienced professionals, under your own terms, will benefit you legally with home ownership choices such as; selling, renting, or getting a home equity Loan, at your request.
We can help you if you have had concerns in the past such as:
- Having a friend/family member pass away with no written will
- Having no money to pay for attorney & court fees
- Not making property tax payments on a home that is considered stuck in another persons name
Options I can assist you with are:
- Paying for all up front expenses, until you are legally the owner
- Coordinating with attorneys & court officials to obtain home ownership, representing you in court, with or without a written will
- Filing legal paperwork to protect your stay within the property
- Getting you a secure bank issued cashiers check
- Arranging payment on property taxes that are due
- Creating financial security
A case like this is more likely to be dismissed by many attorneys
because of their complexity and sensitive nature. I however, work along side title professionals and attorneys who specialize in difficult real estate matters making it easy to clean up property titles, transferring the new ownership to you.
For free information over the phone or in person, Contact us day or night, we are happy to assist you seven days a week. Let us help you benefit from our experience. call us at (xxx) xxx-xxxx, and ask for XXX XXXXXXXXXX
And of course everything is spaced right on my document, im just interested in spelling/grammar/english/ any type of mistake, how does it look, and is everything very clear? Thanks so much, I could NOT have finished this without all of you!!! <3 <3 And any alterations, just add an asterick* so I know how to you think I should change it.
Tags: amp, complexity, court officials, experienced professionals, family member, financial security, friend family, front expenses, grammar english, Home Equity Loan, home ownership, legal paperwork, property tax payments, property taxes, property titles, sensitive nature, seven days, title professionals, xxxx, xxxxxxxxxx
Posted in best home equity loans | No Comments »
Friday, September 25th, 2009
Copy/Past if you like and add an asterick* to an area that should be changed and if you could alter it for me that would be great. Any additional info about anything will help me choose the person for Best Answer =]
Thanks so much for your help, I will be printing about 100 of these.
Best Answer rewarded ASAP
————————————–
*
*
*
Headline:
Owning the home youre in can be difficult to achieve when
the original owner has departed
—–
When the original owner of a house does not write out a will, In certain situations, this can make it extremely difficult to take their name off the title, and put a new name on. Working together with experienced professionals, under your own terms, will benefit you legally with home ownership choices such as; Selling, Renting, or getting a Home Equity Loan, at your request.
We can help you if you have had concerns in the past such as:
-Having a Friend/Family member pass away with no written will
-Not having money to pay for Attorney & Court fees
-Not making Property Tax payments on a home that is legally stuck in another name.
Options I can assist you with are:
-Paying for all up front expenses, until you are legally the owner
-Coordinating with Attorneys and Court officials in order to obtain home ownership, representing you in court, with or without a written will
-Filing legal paperwork to protect your stay within the property
-Get you a secure bank issued cashiers check
-Arrange payment on Property Taxes that are due
-Create Financial Security
A case like this is sensitive and many Attorneys turn away from assisting people when everything is not perfectly placed when presented to them. I however, work with Title Professionals and an Attorney who specializes in difficult Real Estate matters making it easy to clean up property titles, and getting them into the name of someone new.
If any of this information applies to you, give me a call.
I am happy to assist you day or night 7 days a week with valuable free information either over the phone, or in person.
Call me at (xxx) xxx-xxxx, and ask for xxxxx xxxxxxxxx
Thanks so much Emily for your help!!! I am so glad to have you assist me on this
Tags: amp, asterick, attorneys, choices, court officials, experienced professionals, family member, financial security, friend family, front expenses, Home Equity Loan, home ownership, legal paperwork, money, property tax payments, property taxes, property titles, real estate, title professionals
Posted in best home equity loans | No Comments »
Related ‘property taxes’ sites :
 | Property tax - Wikipedia, the free encyclopedia
Property tax, or millage tax, is an ad valorem tax that an owner is required to pay on ... Property tax can be defined as "generally, tax imposed by municipalities upon ...
en.wikipedia.org/wiki/Property_tax |
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 | Property Tax Solutions in all 50 States
We offer a system designed to save our clients property tax dollars. Our approach and our services are the most cost-effective in the industry. ...
www.propertytax.com |
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 | Property tax
County assessors value and assess the tax and county treasurers collect it. For questions about paying your property tax or your property valuation, ...
dor.wa.gov/content/findtaxesandrates/propertytax |
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 | Property Tax Assistance
Annual Property Tax Report for Tax Year 2008. PTAD Director's ... Property Tax Assistance. Sign up to receive e-mail updates when this page changes ...
www.window.state.tx.us/taxinfo/proptax |
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 | FL Dept Rev - Property Tax Oversight
Florida Department of Revenue - Property Tax Oversight; Oversees property tax administration involving 10.9 million parcels of property worth $2.4 trillion.
dor.myflorida.com/dor/property |
| |
 | DLGF: General Property Tax Information
Property taxes in Indiana are administered at the local level with ... Property taxes in Indiana are paid in arrears, meaning the taxes paid in the current year ...
www.in.gov/dlgf/4988.htm |
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 | Taxes - Property Tax
Taxes Site - Property Tax ... State-Foreclosed Real Property. • Tax Collection and Foreclosure Forms. • Transfer of Ownership Guidelines - 384438 bytes ...
www.michigan.gov/taxes/0,1607,7-238-43535---,00.html |
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