I’m having trouble finding the law that states the answers for these. I’m only looking for the law that will answer my questions.
When I take my monthly draw from the bank from my reverse mortgage loan is that considered income? Also can I deduct the interest when it is added to the outstanding loan balance each month.

My parents may be gettng a reverse mortgage, Not sure if its the best thing for them, although it is none of my business. I think they are to young to do this and they don’t owe very much on their house.

I guess it depends on the owner, right? but we just wanted to pay the rent and whatever utilities that we may use..not the homeowners insurance, property taxes, and the rest of that stuff

I bought a house back in Jan. and since April I have been in a snowball effect of back luck. At this point, I’m drowning in credit debt and I’m working 2 jobs and BARELY paying the mortgage and utilities. My house is currently up for sale. But, I feel that if it doesn’t sell soon, I will be forced into foreclosure or bankruptcy. And I really don’t want to go that route if at all possible but, I don’t know if I have any other options. If I could get out from under the mortgage payment and utility bills then I could get caught up on everything else. Any advice would be greatly appreciated.
I bought a house back in Jan. and since April I have been in a snowball effect of back luck. At this point, I’m drowning in credit debt and I’m working 2 jobs and BARELY paying the mortgage and utilities. My house is currently up for sale. (I don’t want to refinance because then I’ll be stuck there longer) I want to get away from the area. But, I feel that if it doesn’t sell soon, I will be forced into foreclosure or bankruptcy. And I really don’t want to go that route if at all possible but, I don’t know if I have any other options. If I could get out from under the mortgage payment and utility bills then I could get caught up on everything else. Any advice would be greatly appreciated.

I have done residential mortgages in the past, and would like to get into Commercial loan brokering. If I could find some inexpensive materials that would teach me how to evaluate a loan or put together a package, etc…it would be tremendous.

In considering this question, how many points can I buy down until we reach a stop due to anti-predatory lending practices.

a home got foreclosed some months ago yet homeowners association acts like they got no clue, and billed me a bundle.
is it true even after chapter 7 bankruptcy, they can ask for money until foreclosure? how come if someone bought the house on auction, they didnt catch up the hoa bill?

Does anyone know what company who would approve a VA loan with a low credit score?
Thank you

I have never used these. Can they be used by real estate investors to: purchase property, re-hab it, re-sell as soon as possible? How many FHA loans can an investor have out at one time? What kind of collateral/downpayment is required to utiilize the FHA program for investors?

in the contract it says that there is not guarantee the loan will fund and the rate might change, etc. Now i cannot get my money back, what do i do? They are a corporation by the way.