Here is a list of all of our articles posted under real estate on AskTheMoneyCoach.com.
Are you leaving money on the table when it comes to your mortgage and needlessly overpaying for your house? That’s what many Americans are doing,
We keep hearing a lot about strategic defaults and about how people are increasingly walking away from their homes because they see them as bad
Buying a timeshare property may have seemed like a good idea when you signed the timeshare contract. But if you’re taking yet another “staycation” this
Scores of individuals and families in America are being forced out of homes they can’t afford. If you’re one of these unlucky individuals, you’ll likely
Q: My husband and I purchased our home a little over 5 years ago. We were looking at refinancing since the rates are low now.
Q: I’ve heard the term squatter’s rent used many times. Can you tell me what is the definition of squatter’s rent? A: Squatter’s rent is
I got a question from MH on Facebook. He wants to know if there are any legitimate companies that can help him sell his timeshare.
There is an organization called the Timeshare Users Group. They are known to be the first and largest timeshare owner network. When you visit their web site you find numerous articles, tips and advice on everything related to timeshare ownership including buying, renting and selling your timeshare. They will even let you advertise your timeshare on their free classifieds section.
A bank won’t let a woman refinance her house without her husbands signature. The problem is that the woman and her husband separated after being married for just one year, and the current mortgage is in her name only. What should she do? Click to hear Lynnette’s advice.
Q: I am a Single Woman Sharing a Mortgage with my Mother. I Purchased the House From her in 2004 to Prevent Her from Filing Bankruptcy and Losing her Home. We’ve Refinanced Twice and Now the Loan is Twice the Amount of What the House is Worth. My Credit is Not Great. I’m in Debt Minus the Loan on the House of About $15,000. The Bulk of That is a $10,000 Loan I Applied for an got (Surprisingly) While I was Unemployed. Isn’t That Called Predatory Lending. I Would Love to Leave Here and Find My Own Place But I Need to Get My Credit in Order. Some of My Debts are 5 Years Old. I Don’t Want to Pay These If I Really Shouldn’t. What’s the Best Thing to do? Also, Re: the $10,000 Loan, I Know I Should Not Have Applied for the Money But I was Desperate As Our Mortgage Was 3 Months In Arrears and In Danger of Being Foreclosed On. Is There a Way That I Could Get This Debt Removed as it was a Predatory Situation?
If you missed my segment on ABC News NOW, I discussed the real reasons that you are unable to qualify for a mortgage.
1. You Can’t Properly Document Income
Explanation: You can have an 800 FICO score and $1 million in the bank, but if your tax records don’t show enough income, most banks will deny your loan.
Maintaining a good credit rating while going through divorce can be very tricky. On the one hand, even if the two parties who are separating can agree on how assets and liabilities (like that mortgage) are supposed to be split, that does not mean that your creditors are bound to those terms. In fact, whatever deal you work out with your soon-to-be ex-spouse has no bearing whatsoever on your legal responsibility to repay debts for which you and he were both co-signers. In a nutshell, this means that if the two of you co-signed for credit cards, your house, a car note, or anything else, then your creditors can still legally come after either one of you for repayment.
Question: “I have two timeshares. Both are for 10 years. One I purchased in 2007, and the other one in 2009 at an interest rate
Q: I bought a condo in 2006 and my mortgage is more than it should be. I recently married and would like to move into
Q: My mortgage company is giving me the run around. I’m in foreclosure but can’t get a straight answer about my options or payment plans.
Q: My husband is relocating to another state. We have bought a house in Florida. The market is down and we don’t know what to
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