David Reed

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Member Since July 9, 2008 , From Austin TX, United States
David Reed is WalletPop 's Mortgage Expert
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Answered: What happens when a refinance company tells ...

The loan officer should have never made such a suggestion but there's not a lot you can do. Your note to the lender is a promise to pay each month regardless of who told you what. You could file a ...

Answered: Sudsidy recapture for rural development loans

Each month, the government subsidizes a portion of the house payment for those with very low monthly income. This subsidized portion accrues each month in an account and is typically paid off when ...

Answered: Walking away from mortgage in Georgia, what are ...

Nothing prohibits it legally. You can't go to jail for it. The loan will go into foreclosure and the bank will sell it to someone. Your credit will be harmed tremendously for the near term.

Answered: My mom and dad are in their 70's. They got a ...

I got an email from a couple two weeks ago in a similar situation, yet the husband has been disabled for 40+ years with a congnitive disorder and his 65 year old bride is still working. They've owned ...

Answered: How can our Government afford all these bail ...

ProfitBob...what a great answer!!

Answered: Higher number

I've never heard of a credit report suggesting someone take on more credit. I've literally seen thousands upon thousands of credit reports and I've never seen it. Maybe it's a credit report from a ...

Answered: Ex boyfriends judgement on my property

Not sure. You may be able to work it out if the signature of the quit claim were notarized, showing the date was before the judgment and the judgment was filed after he gave up his ownership. This ...

Answered: Timing

You can start right now but you wouldn't be able to close because the new lender would want to see the old loan closed, along with its current terms. But you can certainly make a loan application in ...

Answered: GMAC not honoring legal aggrement

Give me the emails of the three different supervisors and your loan number. Privately via my website.

Answered: Seeking finance 30% return in One Year

If you have an asset to secure other than a good idea, you might try that approach. But aren't those boxes already being sold in mass-consumer electronics stores and also sold cheaply to lower income ...

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