Mortgage Loan Assumption » Bank http://www.assumptionlink.org Information On Mortgage Loan Assumptions Fri, 27 Jan 2012 01:37:53 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Does Bank of America allow VA mortgages to be assumable in FL for mobile homes? http://www.assumptionlink.org/does-bank-of-america-allow-va-mortgages-to-be-assumable-in-fl-for-mobile-homes/ http://www.assumptionlink.org/does-bank-of-america-allow-va-mortgages-to-be-assumable-in-fl-for-mobile-homes/#comments Mon, 18 Jul 2011 16:24:45 +0000 admin http://www.assumptionlink.org/does-bank-of-america-allow-va-mortgages-to-be-assumable-in-fl-for-mobile-homes/ Question by Dolphingirl: Does Bank of America allow VA mortgages to be assumable in FL for mobile homes?

My mobile home comes with a deed not a title…It is permanently attached to 1/2 acre of land….

Best answer:

Answer by My Take on It
There is no such thing as an assumable mortgage any longer.
The buyer has to qualify for their own mortgage.

Add your own answer in the comments!

]]> http://www.assumptionlink.org/does-bank-of-america-allow-va-mortgages-to-be-assumable-in-fl-for-mobile-homes/feed/ 1 If it is an assumable mortgage then what do they ask for at the bank. Or what will I need. ? http://www.assumptionlink.org/if-it-is-an-assumable-mortgage-then-what-do-they-ask-for-at-the-bank-or-what-will-i-need/ http://www.assumptionlink.org/if-it-is-an-assumable-mortgage-then-what-do-they-ask-for-at-the-bank-or-what-will-i-need/#comments Mon, 06 Jun 2011 23:35:46 +0000 admin http://www.assumptionlink.org/if-it-is-an-assumable-mortgage-then-what-do-they-ask-for-at-the-bank-or-what-will-i-need/ Question by countygrl2005: If it is an assumable mortgage then what do they ask for at the bank. Or what will I need. ?

Best answer:

Answer by Ralph T
The same as if you were applying for a new loan for yourself.
Employment,income,expenses,debts.
An assumable mortgage only allows someone to assume the mortgage at the terms in effect at the time (they take over the payments) and fulfill the loan contract.
They may also pay you some or all the money you have already paid out or the equity portion of your mortgage.

What do you think? Answer below!

]]> http://www.assumptionlink.org/if-it-is-an-assumable-mortgage-then-what-do-they-ask-for-at-the-bank-or-what-will-i-need/feed/ 2 UPDATE 3-US bank regulators in pact with mortgage lenders http://www.assumptionlink.org/update-3-us-bank-regulators-in-pact-with-mortgage-lenders/ http://www.assumptionlink.org/update-3-us-bank-regulators-in-pact-with-mortgage-lenders/#comments Wed, 13 Apr 2011 21:22:26 +0000 admin http://www.assumptionlink.org/update-3-us-bank-regulators-in-pact-with-mortgage-lenders/ UPDATE 3-US bank regulators in pact with mortgage lenders
* Lenders agree to compensate those wrongly foreclosed * Would also overhaul mortgage servicing practices * Fines still to be determined * Banks still face state AGs probe (Adds FDIC statement, analyst …
Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance

New rules on mortgage servicers appear toothless
New rules are expected soon for the nation’s top 14 mortgage servicers, but consumer groups fear they won’t be tough enough to halt foreclosure abuses.
Read more on Reno Gazette-Journal

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