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What happens to your mortgage if you sell your home for less than you owe?

Posted by Bidadari Lembayung Senja 17 March, 2010 - 4 views (0) Comment

We would like to move into a bigger home. We live in a small condo that we paid a lot for. We will never get as much for it as we owe for our loan, but we have out grown it. We are not in a foreclosure situation because we are making the payments on time without a problem. If we sell our home for less than it is worth, can we add the balance of our mortgage onto the mortgage of a new home, or will we owe the bank the balance right then and there?

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What can sending money possibly do to help the problem with polar bears?

Posted by Bidadari Lembayung Senja 16 March, 2010 - 3 views (0) Comment

There are these commercials all over TV, made by the organization WWF(world wildlife foundation) and they want us to send money to "help" these polar bears that are dying due to global warming. How can sending money possibly help with global warming?! Shouldn’t they be commercials for recycling or not driving a hummer or something that would really help? Aren’t we just paying for more useless commercials? How would we stop global warming by sending them money? They don’t elaborate on how we could help.

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Credit cARD?

Posted by Bidadari Lembayung Senja 16 March, 2010 - 5 views (0) Comment

i just recently opened a bnk account. and i added money to my savings account. so that money that i put in there can i still use it with my card if i was to go to a store or something? or can only take money out from the atm? another ? i wanna ask what is the diff. b/w credit and debit? thnx for the help

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What Loan company will take over my federal student loans when the loans are in forbearance?

Posted by Bidadari Lembayung Senja 16 March, 2010 - 2 views (0) Comment

What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under 00.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

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What happens to your mortgage if you sell your home for less than you owe?

Posted by Bidadari Lembayung Senja 16 March, 2010 - 4 views (0) Comment

We would like to move into a bigger home. We live in a small condo that we paid a lot for. We will never get as much for it as we owe for our loan, but we have out grown it. We are not in a foreclosure situation because we are making the payments on time without a problem. If we sell our home for less than it is worth, can we add the balance of our mortgage onto the mortgage of a new home, or will we owe the bank the balance right then and there?

Categories : Uncategorized Tags : , , , , , , ,