NLIC.org

Rita Said:

2006 Unclaimed real estate tax from lender's mortgage interest statement?

We Answered:

It appears that half of your 2007 tax was paid in 2006. In that instance you'd have to amend your 2006 tax return to take the extra deduction there. You can only deduct what was actually paid in 2007.

The only other fix would have been correcting the error back in 2006 when it occurred. Obviously it's too late to do that now.

Salvador Said:

I am having problems with my mortgage lender... any help would be appreciated. Thanks!?

We Answered:

Looks to me like this lender has burned you twice.

I think I'd go talk to another lender. Something is not quite right with this and I'm not convinced you are the problem.

I think this lender has gotten 2 chances to make a loan to you and has blown it. There are a lot of banks and mortgage companies out there. I'd go talk to someone else.

I'd start with the bank that has your accounts. Since they have your accounts they already have a business relationship with you.

Good Luck.

Yvonne Said:

in the state of ohio, which is the best lender who gives the best rate for homr mortgage, for a loan of ?

We Answered:

The best resource I have found is bankrate.com. You can enter your zip code and the loan amount and get a good idea what is out there.

I do not recommend using a mortgage broker. They earn a fee and guess who ultimately pays that? Instead, find at least three lenders that have attractive products. Ask each of them for disclosure statement. Then compare each of them.

Don't give any of them any money until you have done this comparison shopping and talked with them in person. You can sometimes get them to waive some of the "junk fees" such as loan document preparation. Remember that you can order your title insurance anywhere you want and they will have to accept it so shop that after you select the lender.

Elsie Said:

What is the difference between Title Insurance and Owners title Insurance?

We Answered:

The title insurance is the Lender's policy that protects the lender from any liens on that property. The Owners policy is for you, the owner to protect you from any liens that may show up on the property. For example, if in 10 years the county finds that someone else owned part of your land and owes money on it, you would be responsible to pay that if you didn't ave an owners policy. It's def worth it to get it.

Morris Said:

Can my lender foreclose if I am less then sixty days late on my mortgage payment in Ohio ?

We Answered:

Not yet, but I am sure they are firing warning shots. YOur NOD should give you the projected auction date.