I saw a property that is being handled by bac loan servicing company and would like to purchase it. How?
Since you are working with an agent get them to contact Bank of America and see if they would consider a contract before they list the house with another agent. Normally I wouldn't suggest this but since you are a cash buyer the lender will likely pay more attention to a pre-listing offer. Keep in...

I am a first time home buyer, Can I buy a house with no money down?
Actually you have three possible options. 1) Rural Housing if you buying outside Lexington in an eligible county. 2) VA loan if you are eligible through the Reserves or Active duty 3) Kentucky Housing has a Down Payment Assistance (DAP) program that will lend you up to $6000 (in a few cases $10,000) for...

Can I rent my home after FHA streamline refinance?
You have been given good advice. Just make sure that when you sign the FHA addendum and the 1003 (loan application) it specifically says you this is not your primary residence and that you do NOT intend to occupy the house. Otherwise any verbal conversations are not worth much in court.Also if you are...

When the house and property is owned by the estate of the deceased residents, can a reverse mortgage be used? If not, is there a
Sounds like this is a property the estate is holding. Even if the heirs are 62 or older the borrower must be a owner-occupant.

Re-FI on second home
I think Charlie did a good job of answering your question. By law In Kentucky if one spouse of a married couple buys real estate in just their name the other spouse has to sign the mortgage and HUD-1 to give up their dower or curtesy rights. They do not sign the note.As long as you are getting the rate...

I have a reverse mortgage of $217,000, with a home value of 300,000 +. Can I apply and receive a second or HELOC?
Secondary liens are not permitted on reverse mortgages. Most lenders won't do them because they have no idea what the remaining equity is going to be as time passes. HUD also has a prohibition. Hope that answeres your questionWayne Thompsonwww.waynethompson.com