LoveToKnow Mortgage:AllComments

From LoveToKnow Mortgage

Comments

Jasmine, you can find out more about the FHA by checking out their official website: www.fha.gov

-- Contributed by: Tamsen Butler

love the web site it is so cool and think you should put more pichers of the inside of the housing admin. but you also should put stuff that you do and stuff on the web site

-- Contributed by: jasmine

Johnny, this information can be found quickly and easily on the HUD website: www.HUD.gov. Click on "HUD Homes" and then select your state. You will be directed to the appropriate link which will give you a free listing of HUD foreclosure homes available in your area.

-- Contributed by: Tamsen Butler

I like to know about list of foreclosure in baltimore md

-- Contributed by: Johnny Johnson

Carl, FHA limits for single family homes are set by each individual county. Although the current loan limit for a single family home in your county is $225,150 (as of this writing) it is subject to change according to the county and usually follows the trend of the interest rates set by Freddie Mac (www.freddiemac.com).

-- Contributed by: Tamsen Butler

Are the loans limits going up?I live in Wicomico in Maryland the limit is 225.150.00 Will the county limits go up?

-- Contributed by: Carl R. McKenzie

Brian, whenever a loan is not paid as originally agreed - whether it's a mortgage loan, car loan, personal loan, or other - it's up to the lender to decide what happens next. When you stopped making your mortgage payments you defaulted on the original contract. Unfortunately, not all lenders are willing to help borrowers who find themselves in a tough spot. Some lenders will allow borrowers to skip payments without penalty, or lower interest rates, or make any other number of concessions as long as the borrower keeps the lender informed and appears to have the potential to eventually catch up on payments. I cannot say for sure why your lender was unwilling to work with you, but the key for other people who find themselves in similar situations of being unable to make payments on loans is to immediately contact the lender before the payment is late. Additionally, borrowers with loans secured through the VA or FHA should contact these organizations for help.

-- Contributed by: Tamsen Butler

We have had are loan for about 15 years.Last year I had phyical and personal problems and could not pay may mortgage payment.I do not feel the mortgage did not thy to work with us.Not our home is in sherrifs sale.I would like to know y they did not add the payments we are behind to the end of the loan.

-- Contributed by: Brian Dresher

Curtis, it depends on what you're actually looking for. If you are personally having difficulty with paying your mortgage then you should contact your lender or the FHA if your loan is guaranteed through them. If you simply want more information regarding the Mortgage Meltdown then take a look at the LoveToKnow article Great Crash 2007 Mortgage Fed Meltdown.

-- Contributed by: Tamsen Butler

can...you tell,,me what to do where to call about the mortgagy melt down curtis mccoy 343 chrome rd risingsun MD 21911 1410,,658..4595

-- Contributed by: curtis mccoy

Jimmy, thank you for your comment. You are absolutely right, and the link has been corrected.

-- Contributed by: Tamsen Butler

Actually the FHA's official website is fha.gov. I think it is misleading on this website that you use fha.com as if it were the official website.

-- Contributed by: Jimmy Mason
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