What is the process? Also, I have heard there are special loan programs for women in business, any information on that would be appreciated as well.

Investment property purchased for rehabbed. During rehab, mortgage was not being paid and insurance lapse. Lender purchased insurance. Property was vandelized, lender filed claim and recieved check. What happens to the check? How is it applied? What will it be used for?

When I was purchasing my home back in 2006 my realtor/broker told me that i need a down payment in order for me to purchase a home with 30 year fixed, so he suggested to borrow money of $148,500 from a private lender Tat Wong. That’s why my 1st morgage came out to $346,500 and a second mortgage of $148,500.

After a year, my realtor who’s connected to the private lender took over the loan of $148,500 and added $500 on top of that loan and came out to $149,000 and started paying him $1308 monthly interest only. The rate is too high. and I think he’s been making money out of me. If I cant pay he’ll forclose my home.

I am paying $2,276.26 on my 1st and $1308.00 on my 2nd. My mortgage payment is too high.

I want to buy a small grocery store price is $ 30000 on sublease … i need loan… do you have any specific link where i can get business start up loan… i asked my bank they said we dont give start up loan… serios answers only… is there any private institute they can give loan on business ., if we show all papers and closing…

I filed for bankruptcy two and a half years ago after getting divorced. I am now trying to buy an existing bar/grill. All the lenders I spoke to will not loan to me till after my bankruptcy is off my credit report(another 7 1/2 years), even though my credit score is average, I have money down, collateral, cosigner and would have equity in the business property.
Does anyone know somewhere that would consider giving me funding???

I’m a real estate agent trying to help those in foreclosure (e.g., refinance, short sale, or obtain hard money loans). I’m having problems getting them to respond to my letters and postcards.

Short of going and knocking on their doors, what can I say in my postcards or letters to get them to respond to help?

Thank you in advance for your assistance

I got a new job in Jan 08 and my wife and I moved to our new location and stayed with relatives while we sold our house. One problem, the market went to crap in our area and the house sat on the market for 7 months. We needed to move into a better living situation as we had over stayed our intended time with family, so we decided to put the house up for rent and rent a place in our new location. So, about a month later we found a renter and found a place to rent. The problem is the rent we are getting doesn’t cover our mortgage ($500) short so we would like to refinance. So here are my questions:
1. What is the best way to do this?
2. At what point is our house considered a rental property?
3. If it already is considered a rental, are the rates horrible?
4. Since the house was on the market, do I have to wait for 6 months?

Thanks for any and all help!

- Rich

Refinanced in 12/2005 pulled a heloc in 11/2007 through BofA i didn’t with draw the money until about 5/2008. i with drew $115k in California. What happens if i short sale the property now. Will they come after the the $115k. How long will it take to reestablish credit? thanks

Is there any way to start a credit repair business?

with liberty mutual
and why?