NLIC.org

Brandy Said:

Why can Gov. bailout "Big3" when folks on medicare have to choose between food and medicine on their budget?

We Answered:

Because people are told that the provision of healthcare to those groups is bad.

FACT - the USA spends more on healthcare PER PERSON than any other nation on the planet.

FACT - the US has higher death rates for kids aged under five than western European countries with universal health coverage.

That means that a dead American four year old would have had a better chance of life if they were born in Canada, France, Cuba, Germany, Japan...

Saying that, the banks did need help. In the UK though, we part nationalised the banks, so that the taxpayer has a bigger chance of getting the money back.

Daisy Said:

Insurance provider paid claims for an ineligible dependent Does the dependent now have to pay the paid claims?

We Answered:

The plan SUBSCRIBER has to reimburse the insurance company. The employer's contract with them *might* allow them to attach her paycheck.

Correct, it doesn't seem like you're eligible for COBRA, because you flat out weren't eligible for the insurance coverage in the first place.

Peter Said:

Whats the difference between FAH vs Conventional if I'm not a first time home buyer? Is the loan legit?

We Answered:

I'm not even sure how you're getting an FHA loan with a 322K loan amount. Is your property a 2-4 unit dwelling? Hmm... Anyway, They need to drop the discount fee and your rate! 6.5% is paying the lender about 3.75% in yield spread premium. Listen carefully. GO GET ANOTHER QUOTE!! And to you readers: ALWAYS GET ANOTHER QUOTE!! Tell the next lender that you've been offered a 6.25% 30yr fixed with no points or fees. I repeat, NO POINTS OR FEES! I know you can do much, much better. Call around today.

Beth Said:

In Virginia, are you notified in writing that your house has been issued an auction date for foreclosure?

We Answered:

Not all states require judicial foreclosures. They are expense and pointless. CA does not require it.

He should have been given a few months already to remedy this, he decided against that, for whatever reason.

He has to be out by May 22nd, he will have 30 days after the auction to leave. If he wants to fight it and add to his legal problems he will have another 3-4 weeks, depending on your state and how long it takes to evict someone.

I am not 100% about the lien thing. After the auction he can be held accountable for any shortage between the auction amount and the amount of money they gave him. They can either right it off, and he has to pay income tax on his proceeds, or they can make him pay the whole thing, which does require a hearing. There may be other, additional liens, which would follow him out of this.

You can help him by helping him locate another place to live. He can not simply stay in that property and refuse to repay the loan that bought it.