CheezWhiz asked:


I’m cleaning out my files, and came across a lot of documentation from an old mortgage we had when we were at our previous house. We sold the house and are living in a new one. The paperwork is no longer relevant because paid that mortgage off and we have a new one for the new house.

How long should I keep this paperwork, and what are the reasons for keeping it?

appendium h asked:


Assuming a couple have divorced and the woman gets the house after the settlement , does the man continue to make payments for the mortgage ?

Amy B asked:


Me and my boyfriend moved in together and he got a mortgage for the house in his name and I just pay him some rent. If we were to get married in the future would I then be involved on his mortgage? Or does it not work like that.

webpinger asked:


My lemder is Indymac who has faultered. The house (3200 SqFt) is nice, more the wife’s pick, but is now a financial titanic. Is it possible to renegotiate my mortgage to a lower amount?

MJB asked:


I own property with 2 other people. We have no written contract, etc., but just equally pay the mortgage. Two of us now want to sell the property, but one person refuses to. Do we have any legal remedies?
Thanks!

blackguy_56 asked:


I’m thinking about breaking my mortgage with Scotiabank to get a better rate somewhere else (and hopefully lower payments) anyone have any idea how much Scotiabank charges as a penalty for breaking a 5 year closed mortgage 2 years early?

onlyinurdreams85 asked:


My friend is separated. He moved out of the house and told his wife she could have it. His wife is two payments behind on their mortgage. She told him that she is looking into filling bankruptcy. How can he get out of this mess?

Rikki Suzi asked:


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?

Dan asked:


What happens if you default on a mortgage and they sell your house for more than you owe?

Say the band sells your house for $300K, and you only have $50K left on the mortgage. Do you get your $250K?

Mamacita asked:


How can one mortgage a home without any credit history? We don’t own any credit cards and credit is harder now to obtain than before. What kind of a down payment would we need?

Thanks!