How long does it take to hear back from a bank when making an offer on a foreclosure? The bank is HSBC.?
Answers: It can be days, weeks, even 2 months. One of the downfalls in working with short sales and foreclosures is that the transaction moves at the speed the lender is willing to go, which is typically VERY slow. Lenders routinely ignore any deadlines you put on the offer.
It's really hard to say. They could be waiting to see what other offers they get or your offer could be buried under a mountain of paperwork.
It sounds like you are trying a short sale. A lot of the successful shortsalers will place a "good faith" check in with their offer. This really gets attention! You also state that they have "x amount of time to respond as you have other offers at other banks. Cashing the check constitutes them accepting your offer"...something to that effect.
Check with other investors and see what they do. Always consult an attorney for legal advice if possible.
A Home Refinancing Question?
Ok ... I literally don't have a great Knowledge surrounded by this Subject but I do want to find out regarding this Letter I receieved from one of the Agents . incase its a street light in the gloom for me.I have received a message which mentions these things ...WHAT DOES THIS MEAN ??
you may refinance and possibly lock in a interest rate and grasp a good amount of currency from your home's estimated available equity through exclusive fast track loan program, available to you as a select, qualified COUNTRYWIDE home loans customer ? On top of this you may also qualify for 1/2 point slackening in contained by the DISCOUNT POINTs on your NEXT HOME REFINANCE or Purchase Mortgage ..
MY PARENTs own this condo for last 4 years and they received this dispatch .. is this for REAL ?
DO I HAVE ANY benifits out of this ??
Country Wide is being bought by Bank of America ... so I don't even know if adjectives these is for real .
Any experts can consent to me know .. ?? what does that Sentence mean ??
Answers: OK okay there are a bunch of parts to that so I will do my best to provide some frothy to you on your journey.
To refinance your mortgage you are essentiall paying sour the first mortgage with a trial one. this can be done many ways any keeping the same loan language or extending or shortening the term; adjectives of these will raise or lower your expense.
Locking in a different rate can mean one of two things: the first self that the current mortgage is an ARM or adjustable rate mortgage where the loan is give or take a few to ratchet up to a new interest rate. or you are in recent times in a position to know how to benefit from a lower interest rate due to the rate reductions of belatedly. Basically it is trying to get the loan holder to acquire a new loan at a different and hopefully better rate.
Now the cashing out equity cog is generally a desperate idea as house values are going down and it will increase your debt which would be fruitless if all of a sudden you stipulation to sell so surrounded by today's market a home equity brass out is pretty much a bad piece, however having a home equity smudge of credit isnt so bad contained by case of emergency where on earth you need to slap into some cash, own the line of credit but dont use it unless it is a authentic emergency.
Of course Countrywide is being bought by BoA but that doesn't affect you or your parents. it merely means somebody else owns countrywide.
The notification is probably for real but if you dont own the condo later you probably will not directly benefit from it. Your parents may be within a position to lower their payments or protect their loan but it is up to them to investigate based on their current loan lingo.
hope that helps
It is probably concrete, but if you dont own the condo, it is of no benefit to you.
Disability living allowence?
i live in a 2bedroomd house i rent 1 bedroom i enjoy access to living room, bathroom and kitchen it is fully furnished. my rent is lb100.00 per week i am on D.L.A can i get extra aid with my rent from the housing benefit i am also on income support.Answers: I really don't don't know, but its worth applying they can single say yes or no.
Hi,walk to the housing department has you may be entitled to a rebate.It will adjectives depend on how much you are getting.Good Luck
PS/ Check on line to see if your council is on.You might know how to check what you will be allowed
You may get a part of the pack rebate, the only article for you to do is fill out the forms and apply for housing benefit and council charge benefits. If you don't try, you will never know.
yes u can, u can claim full council and rent, all u necessitate to do is ask the landlord / council for a rebate form.
Good luck
Your DLA doesn't qualify you for anything but your income support does. Get contained by touch with DSS as you singular rent a room so the rules would be different to renting a flat/house etc.
Yes I deliberate you may well qualify.
Council policy will settle on.
Just fill out the forms.
You will want to contact the Department for works and pensions (DWP) which be formerly the DSS.
Their advisors will be able to enlighten you if you qualify for extra help and other benefits.polite luck.
This website will tell you how much you are entitled to. I am guessing, but I come up with you should have an income of lb125 a week if you procure DLA, maximum incapacity benefit and income support of roughly lb3.10 a week.
Your housing benefit and council tax benefit are worked out on the income support you receive. DLA is overlooked.
You can claim full council tax and housing benefit on your income.
You can also look up your entitlement on the CAB website, but it is not as smooth to use as the one I have timetabled.