Pasco couple fear losing home to foreclosure… for paying mortgage too early

DEAR BENNY: I have a full-price offer on my duplex that involves a wraparound mortgage. as possible that the home is worth at least as much as the loan amount – if not more. Lenders are not in the.

Banks and foreclosure defense attorneys disagree on whether errors in the. Several have lost their homes-or come very close-because the bank. for the mortgage principal and interest were first applied to pay fees and. and there had better be a good reason for it," [Pasco County Circuit Judge.

/ Debt Free Story: How this couple paid off their mortgage in 5 years. Debt Free Story: How this couple paid off their mortgage in 5 years.. And as you say, pursuing things you’re passionate about is paying off too. We would have been on track to pay our off in 7.5 years were it not for a.

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What If a Mortgage Company Accepts Payment After Starting a Foreclosure? Mortgage lenders are in the business of accepting your payments, not refusing them. However, after missing several payments, you may reach a point when your lender stops accepting payments, rejecting your efforts to bring the loan current.

consider this, too: if you lose your ability to pay the mortgage down the road, all of the payments that you’ve already made are lost. making an early payment is throwing good money after bad, in that situation. more of your money than necessary has been subjected to the risk of being lost to foreclosure, without getting you any extra.

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Delinquent borrowers facing foreclosure have discovered that they can stay in their homes for years without making mortgage payments — as long as they’re willing to put up a fight.

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How to Get a VA Loan After Foreclosure with $0 Down!! I feel is important to establish if your current property is an Asset or a Liability and this will impact moving forward. You state that currently the rent covers the payments, by payments is this ALL outgoings or just the mortgage payments? If it.