I am 6 months behind mortgage payments on an investment property. How do I get rid of it?

Sep 27, 2007 by Single Mom in New Jersey | Posted in Renting & Real Estate


I went in the propery with another investor. I left it in their hands to fix it up and rent it out and they havent. The house is Newark New Jersey
Another question is how do I find an investor to short sell n the property or is that something

I think you should file for bankruptcy protection, and give the property to the mortgage company. You should consult a bankruptcy attorney.

Feeling Mutual | Sep 27, 2007

Where's it at and why hasn't it been foreclosed on yet?
boater60102 | Sep 27, 2007

How do you find out if a house is behind on mortgage payments?

Dec 13, 2010 by crsizemore2002 | Posted in Renting & Real Estate

My soon to be ex and I have a house that he refinanced in his name only. I need to find out if that house is behind on payments ready for foreclosure or has been paid off. The loan is in his name only...the deed is under both our names.

You do not. Due to the privacy laws, the lender will not tell you anything about the status of the loan because you are not on it. Even the garbage company will not tell you if he is making those payment if you are not on the account.

godged | Dec 13, 2010

Behind on Mortgage Payments - Michigan Short Sale Experts - http://michiganshortsalehelp.org/

Ryan Overmyer is Michigan's #1 Short Sale Expert. He completes more Short Sales than any other individual Realtor in the area. In this ...

FTC Sues Florida Loan Modification Firm

26.04.11

Continuing their crackdown on scam artists that prey upon delinquent homeowners facing foreclosure, the Federal Trade Commission has charged a national operation with marketing bogus loan modification services. The FTC has sought to stop their illegal practices and force payment of restitution to victims.

Based in Palm Beach County, U.S. Mortgage Funding Inc., Debt Remedy Partners Inc., LowerMyDebts.com LLC, David Mahler, Jamen Lachs, and John Incandela, Jr., also known as Jonathan Incandela, Jr., allegedly violated the FTC Act and the FTC’s Telemarketing Sales Rule by falsely claiming they could obtain loan modifications that would drastically reduce mortgage payments for distressed homeowners.  

Source: Examiner.com

behind on mortgage payments - Bookshelf


How to File for Chapter 7 Bankruptcy
442 pages 		How to File for Chapter 7 Bankruptcy

Creator: Stephen Elias, Albin Renauer, Robin Leonard | Law - 2011-10-23
If You're Behind on Your Mortgage Payments If you're behind on your mortgage payments but want to keep your house, your first strategy should be to negotiate with the lender and try other nonbankruptcy alternatives discussed in this ...
Publisher: Nolo
The Story Behind the Mortgage and Housing Meltdown The Story Behind the Mortgage and Housing Meltdown

Creator: Kenneth Clark | Business & Economics -
has no opportunity to pay his cable bill or credit card prior to paying his mortgage, demonstrating a commitment to the mortgage debt that is not really available through any other means. Consider a mortgage-backed security on a group ...
How to Sell a House When It's Worth Less Than the Mortgage, Options for "Underwater" Homeowners and Investors
224 pages 		How to Sell a House When It's Worth Less Than the Mortgage, Options for "Underwater" Homeowners and Investors

Creator: Dwan Bent-Twyford, Bill Twyford | Business & Economics - 2009-03-09
In the past, your property had to be behind in payments or in foreclosure for the bank to consider a short sale. Because homeowners are walking away ... A forbearance agreement is not an option unless your mortgage payments are behind.
Publisher: Wiley

Nate Dogg -- Foreclosed On After Death | TMZ.com

by TMZ Staff

Either the amount is incorrect or that mortgage company is more ruthless than usual. $6,000 in three-four months isn't foreclosure material. If it is indeed $6k that means his mortgage was about $2k a month, which is low for the average celebrity. Maybe he was living the modest life in a normal-sized house, but something just doesn't seem right.

It's a damn shame that a person like Octomom, who became semi-famous for having a litter of kids and contributed absolutely nothing positive to society and hasn't worked in years, is able to stay in her house and have people bail her out of trouble, but a person like Nate Dogg, who from all accounts was a decent guy and started a gospel group after his singing career ended, got foreclosed on over $6,000 two days after his death? Wow.

...

Read more...

behind on mortgage payments - News


Help available for those behind on mortgage
Review Times - Apr 27, 2011
Residents in Seneca and Ottawa counties who may be behind in their mortgage payments can find assistance at WSOS Community Action Commission. This free assistance to income-eligible residents is offered through the Community Housing Improvement Program

Prince $368000 Behind In Mortgage Payments?
RumorFix - Apr 25, 2011
The large plot in Chanhassen, Minnesota, has gone into foreclosure because the famous performer (real name Prince Roger Nelson) has fallen some $368000 behind in mortgage payments. But despite claims from his management that the debt has now been

Need help with your mortgage?
Pensacola Business Journal - Apr 26, 2011
with grants of up to $12000 or six months mortgage payments. The original program would have provided as much as $35000 in assistance over an 18 month period for homeowners who were looking for work and behind on their mortgages.

FTC Sues Florida Loan Modification Firm
Examiner.com - Apr 26, 2011
FTC Sues Florida Loan Modification Firm They advised homeowners not to contact their lenders and to stop making mortgage payments, claiming that falling behind on payments would demonstrate a hardship to lenders. In addition, the defendants allegedly violated the FTC Rule by calling numbers

The dangers of interest only loans
International Business Times - Apr 27, 2011
Essentially, this means that you will not have the benefit of gaining equity in your home, even though you are making mortgage payments every month. Investors work around this by predicting that in five years time, the value of the property will have

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