How do I get money paid on mortgage for house mother-in-law promised to sign over?
We have been paying off a mortgage and have paid off a Visa for my mother-in-law who promised the house to us is writing.. Now she doesn’t want to sign the house over.. Can we get our money back for the paid Visa? And can we get the money back for what we have paid on the mortgage? We have all canceled checks etc.. There was never a rental agreement, but there was a written statement from her like a bill of sale.
The letter states the house is to go to me and my husband for the care we have given her and her mother. The house belonged to the grandmother first and was left to her children. All the children signed their parts over to my mother-in-law thinking it was going to be signed over to us,(they are providing statements). The statement I have from her is witnessed by several people..
Your only option is to take it to a judge and see what he/she decides. The odds are no, written statements are not deed transfers and it sounds like she never filled to transfer the deed to you.
The money you paid to visa was a gift unless there is a contract, but you need to sue her in order to enforce your contract.
Mortgage Late Fee question?
I used my online banking account to pay my mortgage last month. The due date was 6/16 and that was the date I set it up to be paid by my bank. The following month, I received a statement from the mortgage servicer with at $25.00 late fee. I called them and they said the payment was received and posted on the 17th. My bank account clearly shows my checking account was debited on 6/16. Is it right for me to be penalized $25.00 just because the payment “posted” a day later. The mortgage company refuses to remove the charge.
They received it a day late, so yes, there will be a fee.
Simple question for anyone with a mortgage through Bank of America!?
Super simple/stupid question here!
My husband and I just bought a house; we closed on it 2 weeks ago. We were already told a million times that our first mortgage payment wont be due until April 1st. Great!
However, we had kind of expected to get a letter or a welcome “package” if you will explaining the simple things to us like how to access our mortgage online, where to send payments, etc. We haven’t gotten anything of the sort yet, and I like to pay things far in advance so I don’t want to wait up until the week that the mortgage is due to ask this question!
For those of you who have a mortgage through BANK OF AMERICA, do you receive monthly “statements” in the mail for your mortgage… almost like you would for a credit card statement?
It appears that the only way to access the mortgage online is to open a BOA checking account, which I do not want to since it is $6/month and I really like my bank.
So again, do you get anything in the mail from them? –just trying to figure this out far in advance! Thanks for any info/advice you can give! =)
Just for clarification, we already closed on the house, 2 weeks ago.
My BoA mortgage does not send monthly statements. They send a payment book once a year.
If you only closed w 2 weeks ago, you should expect a payment book shortly. It will give you all the info on making payments. If you don’t get it within another week, call and ask.
You should be able to set up auto payments thru your bank’s online billpay. That’s the best way. You have complete control and don’t have to rely on the creditor’s site.
Mortgage payoff question?
I recently paid off my mortgage. I haven’t been able to get any paperwork from my bank on this, except the escrow closeout check and an accounting of that. Are there not other papers, statements, etc that I should receive?
Let me start off by saying I work at a large bank in the mortgage department. With that said … Once you have paid off your loan you should receive a Certificate of Satisfaction and an escrow refund check (if applicable) within 30 days. 60 to 90 days from pay off you may receive a copy of the recorded Deed from the county or your bank (it depends on the state). In some states you will have to contact the county directly to get a copy. Hope this helps.
Why would a real estate agent need to see my bank statement?
My mom and grandmother are buying a house. I withdrew a lump sum of money from my 401k and I gifted it to my mother to pay off a credit card debt. The realtor needed to see proof that I withdrew the money from my 401k, deposited it in my bank account, and the front and back of the check I wrote to my mother. I printed out a copy of my bank statement after I photo-shopped my statement. (I blurred out all transactions except the deposit from my 401k) I feel that since I’m not going to be on the mortgage loan, there shouldn’t be any reason why the realtor should need to see any of my other transactions. But now, the realtor says that she needs my bank statement without anything blurred-out, or my mother and grandmother won’t be able to get the loan. So does the realtor really need my bank statement with nothing blurred-out?
Thank you everyone for responding to my question. All of your answers are correct. I spoke with the realtor yesterday afternoon, and she told me that if I didn’t gift my mother the money than she wouldn’t need to see my bank statement (unblurred). She said the paper trail is what the bank wants to see, and if things are blurred-out on my statement than the bank would be suspicious and probably deny the loan. So I faxed the realtor another copy of my bank statement (unblurred this time). Thank you again everyone.
In order for your mother to get a loan she needs to document where all of her funds are coming from. This is not about you, but about your mother. Your mother needs this as proof that these funds came from a legal source. Blurring data indicates you are hiding data, and no hidden funds are what they are trying to prove, so you are defeating the purpose.
If you refuse mom is not buying.
Powered by Yahoo! Answers