Archive for August, 2011

Home Loan Services lost one of our mortgage loans?


Question by unknown: Home Loan Services lost one of our mortgage loans?
We are in foreclosure and our bank has sold the second loan (balloon mortgage) to quite a few other banks. Needless to say when we call HL on the loan they have no idea who now owns our second loan. We are trying to do a short sale, can we say we no longer owe the money if they lost the loan? Can we say “Prove it” will that work?

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Answer by Simpson G
Get an attorney. There have been a few casing of owners doing just this and having judgments in their favor.



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Q&A: What lenders offer zero down mortgage loans?


Question by wonderlandgurlie: What lenders offer zero down mortgage loans?
Please provide specific names or experiences you have had trying to get a zero down mortgage loan. Thank you

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