ON Canada, this is possible especially when your credit was higher than when you first bought the house to what you have now. You may want to get the help of a mortgage broker/agent to see other alternative lenders suited for your condition. Email me at victor_catalan@centum.ca and we can review your options.

ON Canada - did you talk to the bank prior to skipping a payment? You may want to consider refinancing your current mortgage if the rates would make sense . Email me if you are in Ontario and I will be more than happy to review your consideration victor_catalan@centum.ca - Victor Catalan (647) 378-2143.

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I have been paying deligently every month on my line of credit and now the bank is considering not renewing my loan. they hold the second mortgage on the commercial property and another bank holds the primary loan. what is the worst case situation the bank can force upon us??? can they garnish my wages, credit, selling the property, etc? help...someone. thanks

all of the above === sat down and work something out with the banks!!!!

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A.growing dissatisfaction among urban merchants. b.successful resistance to federal laws. c.the growing power of the united states military. d.the expanding power of the federal government over local communities. e.the beginning of sectional differences between the north and the south. daniel boone's explorations of the cumberland gap and the wilderness road opened the settlement of: a.indiana. b.illinois. c.kentucky. d.north carolina. e.missouri. the immediate cause of the panic of 1819 was: a.land speculation in the west. b.rampant fraud and embezzlement at the bank of the united states. c.the collapse of cotton prices. d.bank loans exceeding currency reserves. e.falling real estate values. the hartford convention: a.threatened the secession of new england during the war of 1812. b.restated the right of states to nullify laws in order to protect citizens. c.renewed the power of the federalists. d.assured ratification of the treaty of ghent. e.succeeded in preventing a british blockade of new england ports please help me answer these questions! thanks!

Wrong section, but 1. E 2. C 3. C I think 4. A

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We have ran into a bad financial situation do not want to lose our house??? are there reputable loan options that could help us out without taking advantage of our financial state??? help!!!!

There's nothing you can do but start looking for different options. Try another bank or try to re-fi your mortgages into one. Or, go to one of those debt counseling companies and have them help you to reorganize your debt.

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My husband's wage is only £913 a month after tax (£13,000 pre tax per year) and i just lost my job today. i was on contract and they decided not to renew it even though the lady i was covering (who is on maternity leave) isn't due back until april next year (when my baby is due). i'm due to move house in 3 weeks and still have to pay the rest of the money on the day we move in (we've paid a holding deposit of £500) and i'm paying off a bank loan from last year and our credit cards. i have no idea how to survive because even if i slash my bills right down we are still about £650 too short per month. i'm not sure if i can get job seekers and even if i did that would mean i'd still be short per month by quite a bit. if any other pregnant ladies out there have gone through this, what did you do to survive and how much help did you receive in total from the government? i'm really clueless when it comes to what i can get etc and i also know that the job centre doesn't exactly lay out your every option when you go asking. (or so i've heard.) i am desperate to work, but i'm scared no one will hire me as i'm already showing. i'm grateful for your advice!

wear loose fitting clothes and go to as many job interviews as you can. i would take any job at all that's offered to you. by law they are not allowed to ask if you're pregnant before 3 months, or ask if you want to have children, so hopefully they'll just presume you're a bit chubby! i know it's a bit sneaky but it's the only solution i can see for you, and you'll have to fake surprise when you tell your new employers when you're about 3 months preg and pretend you really didn't know - you have irregular periods anyway, or you'd been having periods etc. any excuse will do. good luck!

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My mom has a power of a attorney but she cant drive bc of her handicap. the dmv wants a letter from the bank stating its ok for me to be under the registraton. the bank needs a living will to in order to write it. we dont have a living will and we cant afford a attorney to make a will for us or get a loan but been denied. no one wants to be my cosigner.what should i do?

The power of attorney became invalid the day your dad died. A living will is only valid while the person is still alive. Once they die so does the living will (that's why it's called a LIVING will). I take it your dad did not have a will. If he did then after it has gone through probate the executor can take the will and the death certificate to get the registration renewed. If your father did not have a will then the court will need to assign an administrator of the estate. The administrator can take the letter appointing them administrator of the estate and the death certificate and get the plate renewed. speak with a clerk at the local courthouse about how to get the ball rolling.

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I have lost some records of the amount of interest that was paid to me by my savings & loan bank where i bought some certificates of deposits ( cds ) for 6 month period at a time & auto renewed them every six months. is there a way to find the approximate savings account interest rates for cds from 1992 to 2005 ? i know that it varies from bank to bank and also depends on the amount deposited ( mine was over 10 k ) but usually savings & loan banks used to pay higher percentage rate than a regular bank but as far as i remember it was still not more than one percent higher than a regular bank. any help would be appreciated.

Just contact the bank. They have these records on MICROFILM and can retrieve and send you copies of the exact amounts paid to you. There will probably be a fee for their time in finding the right tapes and making copies.

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My wife's family borrowed over $100,000 to help out with their farm. it was against my better judgement to loan them this money, but it's too late now. so they took this money, essentially wasted it and now they're more or less going to lose the farm. they're trying to sell it, but it looks like it's too late for that. last month, the bank refused to renew their commercial loan and it looks like they're about to foreclose. am i basically s.o.l. now? or do i still have a chance to put a lien against the property to get my money back? i have a feeling that if i want to get my money, or at least some of it, they have to file for bankruptcy first. but isn't it too late for that? i'm looking at talking to a lawyer, but i'd just like some idea of how this works. i don't want to spend the money and then have the guy tell me there's nothing i can do. thank you!

You should go see a lawyer immediately, but I want to answer your question. I am not sure what state you are located in and your state may have very specific steps for liens and foreclosures. But I will explain the process in general terms. BTW, you used the term "lien". Generally, you are only entitled to a lien on a property once you have a judgment. I assume that you have not sued the family for the $100K. So, what you have is a mortgage. You can record your mortgage now. Recording a mortgage is like recording a deed. Hopefully you have a loan agreement and your loan agreement specifically states that the property is collateral. Otherwise, you are an unsecured creditor (like a credit card) and you can only sue in court to get your money back. Assuming you have a mortgage (an not an unsecured creditor), your mortgage will come second to the bank's mortgage, because you recorded it second. If the bank forecloses and wins in court, the next step is the property will be sold at a Sheriff sale to pay the judgment. As long as you lodge notice as an outstanding creditor, and the sale generates enough money to satisfy the first mortgage (the bank), then you will receive whatever is left over to satisfy your mortgage. I am also assuming that the property does not have other liens and the family has paid all taxes. The family at any time can file for bankruptcy. This will halt any lawsuit or foreclosure proceedings. If they file bankruptcy, make sure you file a Notice with the Bankruptcy Court to be listed as a creditor. You will need to attach proof that the family is legally obligated to repay the $100K. It's a pretty complicated process and you must act quickly to protect your rights. First, talk to your wife. You will need her to back-up your story that the $100K was a loan, and not a gift. Then talk to an attorney. Good luck. Sharmil McKee Business Attorney Philadelphia, PA www.mckeeoffice.com

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About 10 years ago i used to have a business. i opened a line of credit for that business, and guaranteed it personally (it was the only way to get the loc). for 10 years even though the business is no longer in existence i have been faithfully paying that loan back every month, on time. some months i have paid back more than the minimum required, and have paid down the loan by about 10%.about $40k still is outstanding. my personal credit is excellent. now the bank wants to "review" my loan, and is asking for a new application, and copies of business and personal taxes. there is no business left for them to approve, so naturally they will not approve the loan. i can't afford to repay the $40k all at once. what is my exposure? can they demand all $40k now? if i can't give it to them, what happens next? $40k is not much compared to equity i have in the home i co-own with my partner- how much if any could they take? can they take the home if my partner (not married) also owns it? is there any way to "sell" my share of the home to other family? i have no idea how to do that- is it necessary? i appreciate any advice you may offer. thanks!

They could take your home but they won't. The home is protected against creditors for the first $100,000. You owe less than that so they won't waste their time. YOu will receive a judgement against you for $40,000. You won't be able to buy a new car with the Zero Down special at Zero percent interest rate. They will offer you a "buyout". Offer to pay them $10,000 today to wipe the debt clean and they write a letter promising not to ding your credit..

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My sister and i have an empty commercial building that is slowwww to sell. haven't yet been successful in getting a lease at all! though we each have jobs, it's financially hard on us to keep paying our bills plus the mortgage on the commercial building. from the bank with the loan, i've been offered a change in the agreement: to go from my 20 year loan which still had two years to balloon maturity....to a one year maturity date with interest only. the latter saves us money and helps. and though there's no guarantee that the building will sell in the next year, or that they will renew to another one year interest-only loan in a year, there is hope in both fronts, isn't there?? sure, we have no bites, but who knows. are there good reasons to accept or not accept the interest-only one year agreement?? it does financially help us. we are still so unsure what to do. and please, if you think i should go with one over the other, tell me why. lol

I'm going to suggest you stay where you are. I agree with the other poster that at least you know what you have to pay each month now. The other reason, commercial lending was essentially ground to a stop with all the problems with the lending institutions. Residential hasn't been a problem, but commercial was hit hard. With the effects of the bail out trickling down, there should be money for commercial lending coming down the pike, which may net you a buyer. As with all things, price is king right now. If you are able, lower your price.

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In the state of florida, myself and another person borrowed against a cd, approx. $26,000.00 that was in both are names, to purchased a large tractor, that was purchased in both are names, owning together. using the tractor as collateral for the loan, cd renewal came around and i was not available to renew the cd but the other person was, he renewed it in his name only, insuring the loan originally with both are names, now with just his name, using are tractor as the collateral. he pasts away, the insurance pays off the tractor loan, who does the insurance go to. does it fall back on the 1st original agreement between the parties? i did not sign off the note, nor did i renew the cd, his family came in and took the balance of the cd after the insurance paid off the loan we had original agreed. just really confused as to my rights! the bank claims i have no right? just a small town bank, in a small town. just wondering??????????????linda, tractor loan was paid off, that was in both are names.help!!!!!!!!!

I would seek the help of an attorney today. Hesitation will cost you everything.