Equity Home Loans

I have a home equity loan. In Texas, the 2 parties must agree on a fair market value. If not, is my loan null? I have a home equity loan, which is going into forclosure. I started looking at the original loan papers and the Texas Constitution's articles about mortgages, trust deeds, leins, ect. In the constitution, it says that both parties (lender and borrower) must agree with a fair market value of the homestead. I found the fair market statement and I was the only party to sign it. Would that make my loan null?

Home Equity Loan Question in Texas? First of all, I know that I can only have liens for 80% of the value of my home. I also know that I can only take out 1 loan a year. I also know that it takes several days to close. Getting that out of the way here is my question.... I recently put in an application for a home equity loan for bank of America here in Texas. Everything was approved but they said that since my parents co signed for the house, that my parents would need to be off of the warranty deed in order to finalize the loan..... Is this true or is this just a bank of america rule??? I talked to other banks and lenders and they say that this is not true and that my parents will just have to sign some paperwork at closing basically saying that they acknowledge existance of the equity loan and share no responsibility. Thank you for your help!! People, I am not refinancing! I am doing a home equity loan! I don't want someone to call, I just want a straight answer. I am sorry but I have asked this question 5 different ways and noone seems to be able to give me an answer.

can you do a home equity loan in texas with a power of attorney?

howto get a secured Home Equity Loans in Texas?

Can you refinance 100% loan-to-value in Texas, and cash out on the equity for home improvements? Meaning, we owe $99K, can we refinance for $125K? (to Amanda: 100% loan to value means getting a loan for 100% of the home's value. Just because you owe on a home doesn't mean you owe 100% of what it's worth.) EDIT: If you really want to get technical Amanda, there is no "a" before 100%. So, it's clarified just fine. You read it wrong. No, I didn't ask if you could refinance a loan that is 100% of the value of my home. Go back and read again.

any advice on getting a home equity loan , we are about to be foreclosed on..? I would like to avoid foreclosure, we are behind about 5,000, on top of other bills I need to get paid off. We both took a job loss and then a paycut! So, anyone else have this happen and any advice on how to do this? PS im in texas. I've been im my house for 3 years and I have good equity!

Do you know anyone who does a person to person loan? I need a loan of 6000.00 and I am willing to pay 25% interest on it and I just need it for 18 months. I have paystubs, same job for 8 years, direct direct deposits, make 80 thousand a year, can show tax records. My wife had a stroke a few years ago and was unable to work and we got behind on a lot. she is now better and we are back on our feet, but have bills we really need to pay off in order to build back up our credit. I get a bonus in March 07, used this years to pay off an old tax lien from 1998. Can show proof of this also. I just need someone to give me a shot. I would be willing to sign a peronal guarantee and allow a lien to be put on my house by the person who lends the money for collateral. Do you know anyone who might be interested? I can't do a traditional home equity loan because in Texas you can only refinance 80 percent of your homes value. I owe 98,000 and it appraises now 130,000. You will get your money.

I need a LOAN to make repairs on my home. I own my home outright but my only income is disability.? Is there a special program for people like me - government or otherwise? My bank will not make me a home equity loan because they say my income-to-debt ratio will be too high. The "energy efficiency" program offered to low income people with older homes has a 5-8 year wait in my part of Texas. Hurricane Rita affected my roof - but not enough for my home-owner's insurance to cover. State Farm said my roof was already over 15 years old and probably needed to be replaced anyway. They also said that the damage was not severe enough -just multiple leaks but no shingles torn off. I need a NEW ROOF most of all, especially before there's anymore damage inside my home. Does anyone know where I can turn for a loan or a grant? Thank you, Terri

Question on how to change General Warranty Deed in Texas? My parents co-signed for my loan, so they are on the General Warranty deed for our(my wife and I) house. I want to get a home equity loan, and everything came through ok for acception of the loan, except they say that since my parents are on the general warranty deed, that they can't give me the loan until they are off of it. I want to take them off of the deed without taking them off of my loan. Is this possible? Is this possible in the state of Texas? Another reason why I want to take them off of the General Warranty Deed is so that I can recieve 100% Tax deductions on my homestead exemptions. As of now, we can only deduct 50% homestead. Thank you for your help!!!! I am not trying to consolidate debt. On one of the answers it says to be careful with home equity loans. I qualified for the 80%. Also, when I pay off the equity loan, I will be able to refinance if I want. Taking out a home equity loan does not mean that I can "Never" take out another loan on the home.

Land/home refinancing in Texas? I am trying to find ANY lenders in Texas that will refinance or take equity loans for mobile homes with land. I purchased the home and the land seperatly at first, now they are attatched as real property by deed. Are there ANY lenders in Texas that I can contact?!

What can I do to my home mortgage payment? My goal is to: a) Reduce my monthly morgage payment OR b) keep the monthly payment around the same but, shorten the term to 15 yrs. I have a 6.4% 25 yr. "home equity loan" (already did a zero cost equity refinance in 2004) on my home in Texas. I owe about $181,000 with the value of the home around $263,000. I plan to stay in the house another 5-6 years. I am told that I cannot convert my current "home equity" loan to a "fixed" loan. Right now, the home equity rates are around 8%. Is this all true, that I have to stay with a home equity loan? Do I have any options to achieve either of my goals of a) or b) above?

Can Chase home finance take my home? For a long time I had superior credit but due to severe health problems I fell behind and could no longer afford to keep up with my payments, I sent what I could consistently. However, I just recently had an award issued against me in favor of Chase credit card company. I know that Texas law states that Unsecured creditors cannot force me to sell my home for unsecured credit card debt the exception being home equity loans, contractor liens or loans for home improvement. My problem is that I also had a credit card with chase. (never used it for anything concerning my house )Could they find some loophole and force me to sell my home since my credit card was with them and they are my mortgage company? Anyone been in a similar situation? By the way the award(judgment) is for the credit card only not my house.

We live in Texas and my mother in law died without a will. My husband has 6 siblings. Two of them have? signed over there share of the property to him ( my mother in law expressed that the house should go to him- he had been helping pay off the mortgage) The rest of his siblings want to be paid for their share of the property. Can we get a loan on the property in order to pay the rest of the siblings with only the two signatures? From what I understand in Tx if you die without a will all property goes to all your heirs equally. The house is paid off but is in need of repairs. We would like to sell the property but his siblings do not want to pitch in for the repairs and are not in a position to pay off the taxes that are owed on the house. We already own our home and don't want to get a home equity loan on ours to fix up his mom's house. Please help.

best method for pulling equity out of a paid off house? Recently my family has come into some unexpected finacial obligations. We own our home free and clear and its on the tax apprasil role for 120k(dont laugh texas real estate is really cheap) My question is what is the most efficient and most expediant way for pulling equity out of our home. Is it a home equity loan? Can you get a regular mortgage on a home you already own? And do would we still have to pay an apraiser and go through all of the closing costs even if we only need to borrow 50 percent of the value of our home. thanks

affidavit of affixture in texas? My bank requires this for a home equity loan. I have no idea what this is.

Separte Property Law in Texas? Does anyone know about this subject? I am currently in a unhappy marriage and looking to get a divorce. My father-in-law bought and paid cash for our home as a part of my husband's inheritance. Several years ago we took out a home equity loan to pay off some debt which my father-in-law co-sign for. At that time had I known that I had no legal rights to the house I would have never co-sign for the loan. Because of my husbands drinking and irresponsiblity with money my father-in-law had my husband sign a "quit deed claim". Does this mean my father-in-law gets out of paying the loan back if my husband doesn't? Thanks!

Is there a place to just do a personal loan to consolidate debt? My bills are all current. My credit is good. I live in Texas. I do not want to do a refinance or a home equity. I cannot seem to find a source to consolidate my debt. I have good credit and i never have had a late payment. Everything i find is for people who have already fell behind. I do not wish to do this. I want to keep my credit good. I need to make one payment and interest per month rather than four. I am now self employed. Any suggestions?

How to get a value added home improvment loan? We bought our house last summer so we don't have much equity in it yet. Our house is valued at $105K. We have a bid from a contractor for adding on a family room in the back, attaching the main house and the guest house. Then we will make the guest house a master bedroom suite. We are also adding another bedroom in the family room (the family room addition is going to be 30 x 25 so were going to take about 12x 10 or so and build a room) This is adding 1000 sqft to our house and will make it a 4 bedroom, 3 bath verses a 2 bedroom, 2 bath. The estimated cost of this renovation is $25000. A Realtor friend of mine has put the estimated value increase at a MINIMUM of $60K but said will probably be more. I have been searching the net to see whats out there and came across something called a value added loan. Does anyone have any suggestions on who to use for this? Im in TEXAS by the way. I found some off the wall loan companies and want to use a reliable and respected company.

value added mortgage in texas? I have searched the net for a value added mortgage in Texas because we don't have enough equity to get a home improvment loan at this time. The estimated cost is about $20000 and the estimated added value is $60000+ Anyone ever heard of this type of loan or had one yourself? Apparently it's not advertised very well because I can't find a lender who does this without using your current equity. (We bought our house one year ago which is why not enough equity) Project details: Adding 500 sqft family room, attaching main house to guest house(guest house 500sqft is done and ready to go). Current house is 2bd,2bath and 1056sq ft, after project it will be 4bd, 3 bath and a little over 2000sqft with two living rooms.

Recently purchased first home and moving to another state? I purchased my first home a few months ago and will be moving to another state due to a better job offer. I know that trying to sell my home may not be in my best interest since I just got it, however, if I do - there is no pre-payment penalty on my loan. My question is: Am I better off selling my house (have about $25k in equity) or renting it out and trying to buy a second home in the new state? Would I be able to buy a second home with having this first one? I have been told that I should be able to as long as I can prove the first one is rented out. Is this correct? I go back and forth with selling because if the job offer doesnt work out, then I would always have a place to come back to if needed. If this would help in providing your answer - I currently live in Texas and will be moving to Colorado. I would prefer answers from people who have mortgage/lending/real estate experience.

DESPERATELY need a loan now for business taxes. A loan shark or high interest is okay.? MUST SAVE THIS BUSINESS. WE HAVE BEEN CAUGHT IN A CIRCLE. WORKING CAPITAL WAS NOT EXTENDED WHEN OUR CREDIT WAS PERFECT. WE USED A/R AND SAVINGS TO FUND PAYROLL AND OTHER EXPENSES. CLIENTS PAID SLOW AND IT HAS ALL FINALLY CAUGHT UP WITH US. WE ALWAYS PAY OUR BILLS AND CAN PAY A SUBSTANTIAL MONTHLY NOTE. HOWEVER, NOW WE NEED A LUMP SUM FOR WORKING CAPITAL AND TO PAYOFF THE IRS. NEED HELP QUICKLY. OUR RECORD WILL SHOW WE PAY. NOT ENOUGH EQUITY IN OUR HOME. PRICES ARE DOWN IN TEXAS. PLEASE NO SCAMS OR CRUEL MESSAGES. I AM AT THE BRINK AS IT IS....

I need a Re feral for a Real-estate Lawyer, who specializes in Predatory-Leading and Fraud.? I am a guy who owned his own home for 35 yrs, and got de-frauded on a equity-loan by Town & Country. I need to know when the time-table starts and how long I have to file, for R.E. fraud. I just became aware that my house had been foreclosed on I was applying for a equity loan 18 mths. ago, but never completed the loan or signed the finial paper work, Never got payment-schedule, notices of default or foreclosure. I lost a $700,000 asset and $383,000 equity. I was told by my son, that their were never any notices or demand for payments sent to my Home address. It was vacant for 20 months while I was gone for 2 yrs. I was told that the Frauded note was sold to an investor in Texas, whom held on to it for 18mths. then sold it out from under me. I was the only one on Grant-Deed and it was home-steaded, but i was cancled by some-one other than me. I need so help and answers to get my house back, or value plus Damages...