My mother-in-laws two sons living in her home are heroin users, she has applied for a reverse mortgage, if her house is confiscated by the federal government, who pays off this loan to the finance company?

Banruptcy discharged in Nov. 2005. We run our business from our home. We moved to the other side of Va. in Feb 2006 after selling our home there. I’m looking for a finance company who has done a mortgage very similar to my situation. Not one that will think about it. I don’t want to waste their time or mine.

I’m writing a presentation to a group of investors for a mortgage finance company for a school project.

I need some advice desparately. I am trying to get financed for a loan and am running into a problem and am not sure if I am dealing with people who don’t know what they are doing. I purchased a house in 2000. In 2003 my mortgage company (Bank A) sold my loan to another bank (Bank B). Bank B had my loan until 2005 - I sold the house. The finance company that is looking to fiinance me now (Bank C) is asking Bank B to provide them with three years of pay history and are expecting Bank B to give them Bank A’s information. Well, Bank B won’t give it to Bank C, but Bank A no longer exists. This is holding up the approval for my loan, so my questions are (1) do banks expect all banks to divulge other bank’s information like this and is is normal practice (2) why would this hold up my approval everything else is a go (3) should I be looking for another bank or is there validity to what Bank C is doing. Anyone know how this works?

As the mortgage market is slow I was considering getting a job for a finance company.
For personal finance loans, i.e., American General, HFC, Wells Fargo Financial.

I am planning to purchase a 200,000-250,000 home in the state of Michigan, outright with no mortgage or any loan.

Hypothetically, if I purchase a home for 200,000 what will be my total outlay of cash before the home is actually mine? Assuming I am not taking out any loan to finance this home.
Also I am not sure how much I am going to be able to negotiate for zero closing costs as I am already planning to put in an offer about 10% under the listed price.

Finally, why does the owner care if its an all cash offer or not? They get their money either way, just from me and not a finance company.