Where can I open a checking account while filing for bankruptcy?
I am getting ready to file for bankruptcy due to an ARM mortgage loan. I bank with WaMu and my lawyer advised me to take my money out and put it into a different account. He said WaMu usually closes account of people that file for bankruptcy. Where can I open a checking account where it won’t be closed after bankruptcy.
Thanks in advance.
Any good banks in Los Angeles, California specifically near South Gate, CA.
Never heard of such a thing. Of course WaMu is a bank that got bought by another bank. Try TD Bank formerly Commerce Bank.
Can mortgage lender verify previous rent history cancel checks?
I am applying for a loan and they want proof of rent history. I AM NOT ASKING IF THEY CAN VERIFY FUNDS!!!!! just previous years cancel checks. Can they ask my bank for copies of this cancel checks or verification…
No, the lender would not know what check numbers to request so it’s up to you to go back through your ledger and write down the check number for each check that you paid your rent with. Then you call your bank and ask them for copies of each check.
Getting a home loan after bankruptcy?
I filed bankruptcy 2 years ago. Shortly after, I opened a secured credit card in an attempt to help rebuild my credit. As of last month, I haven’t even been able to open a checking account with a new bank. How possible would it be to get a home loan within the next couple of years? Do you know of any reputable mortgage lenders (America) that are willing to work with people with that have filed bankruptcy?
No reputable will consider you for 7 to 10 years. Anybody that says they will is a scammer wanting an upfront fee that they will run away with as soon as you pay it. Or somebody wanting to steal you identity.
Help with next step of how to obtain refund from Option One Mortgage Corporation.?
In 2008 I sold my condo, at that time Option One Mortgage was servicing my mortgages. Originally when purchasing I did an 80/20 loan which is really 2 loans, but it eliminated the need for a down payment to buy my home. Over the course of 3 years of ownership I had paid extra money toward the principal of the loans, so I had acquired some equity and I did sell my home for a SMALL profit.
Now that I have established a bit of background information, I will try to explain the scenario and then ask my questions.
I remember it being very close to the last day of the month when I closed on the loans and the title company sent the checks to pay off both loans. She (title rep) had sent them Overnight. Option One confirmed it was on time (both loans). However, a month or two later, I Was supposed to receive 350- 400$ in over-payment back. I did not. I then called Option One and was transferred overseas. The rep said he was in another country and that he spoke very little English. I explained to him that #1 I had just pulled my Tri- Merge Credit Report (the big 3) and that they were reporting me late on one mortgage and not late on the other!!!!! He would not believe me. I had NEVER been late on those mortgages, and a 30 day late was only going to help kill my credit score, especially on a mortgage. He said that I would have to fax MY credit report to this other country for ME TO PROVE that they reported me late. My title company and I were baffled! He also said I should receive my refund check within a “month or two”.
I never received it. And then I had some VERY BAD things happen immediately afterward (got very ill, house broken into,I was attacked, lost life savings, lost job,etc). Honestly, just now in 2011, I am finally recovering enough and capable enough to try clear up these type issues!….. Please does anyone have any suggestions? Obviously Option One is out of business. So I can not contact them.. I KNOW that now I have Bad credit but, I can prove I was never late on one of those mortgages. It is important, because if I can clear the mortgage late up, and needed to rent a house I can prove a clean mortgage and rental history and in this market if you don’t have great credit, then a good housing payment history came make a huge difference
I know I am asking this question a little late in the game. But honestly, I had fallen so hard physically, mentally, emotionally, and financially, that it has take much time to gain the courage begin to find the proper course of action for this situation.
If you are a child or teenager and think it is funny to send me a sarcastic or mean spirited answer, please don’t.
I sincerely thank everyone in advance for any information that will be helpful with answering the following questions.
How do I: 1) receive my refund due to me? 2) clear up the erroneous late payment reported for one of those mortgages? Thank You.
Unfortunately with Option One out of business & your loan paid in full you have no one to request the refund from. Legally they had only 30 days to refund you. As for the late payment, dispute it with the credit bureaus. All 3 of them. It will come off since Option One won’t respond. Good luck!
Mortgage company playing games need some good advice?
am lost and felt like i have been lied too by my mortage company. In 04 we bought a townhome for 174k had 2 loans, 1 for 140k that is a ARM and other for 35k. august of 05 we were approached by Countrywide that has our 1st loan telling us we have a value of 220k and you have about 35k in usable equity. We had about 25k in medical debt for my kids hospital bill. They suggested to roll that in with my 35k second. The selling point was to clear those payments to get ready to refinance my 1st which is a ARM to a fixed plan. Now i am getting these rate hikes now have a 10percent on my first and the payments are killing us. I went to countrywide to refinance, check my credit was 700, my income was fine. Then they send out a apparisal,came in at 185k, countrywide told me i cannot do anything. I hired my own appraiser came up with the samething, but he told me the property should have never been appraised at 220k when i took out the HELOC should have been 183k?
we live in a townhome community so all homes are alike. My appraiser that i hired showed me the sales during that time frame that countrywide showed a value of 220k. All the comparable sales were between 181-186. No other lending company will not help us get out of this 1st loan too. I keep trying to talk to Countrywide i find them rude and unhelpfull
Dear Home Owner:
There are many loan programs available that you can combine your first and your second together and refinance. They include a “Rate & Term” refinance as a 1st Trust Deed, and a new debt consolidation loan of up to 135% LTV, as a second Trust Deed.
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