Benefits and information about the FHA Streamline Refinance Programs .
Jan 08, 2008 in Mortgage
Benefits and information about the FHA Streamline Refinance Programs .
For qualified borrowers, the FHA Streamline Refinance program’s benefits are very good. There are some restrictions involved in the loan product and who is qualified. If you have an FHA loan and want to improve your terms .
What happens when a second mortgage debt is written off? Posted By : Jessica Bennet
Scenario: Our second mortgage was an original $20,000,00 loan which has now escalated to $35,000,00. The mortgage company I dealt with is going to charge off this month. My husband is disabled and 1 child is disabled. The loan is in my husbands name but the deed is in my name. I understand we will receive a 1099-C form. But what happens to the charge off with a lien on the house. I understand the debt is written off. But how does it affect me and will it come off in 7 years?