Dubai Getting Bank Financing as Economy Defies Worldwide Rout: Arab Credit Bloomberg
Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate’s recovery from the 2009 debt crisis.
Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a $1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW) , is raising $850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on Aug. 8 it will repay $4 billion of loans when they mature on Aug. 21.
“Banks are continuing to extend financing to Dubai Inc. because of its improving economy and debt profile,” Gus Chehayeb, a Dubai-based associate director at investment bank Exotix Ltd. said by e-mail yesterday. There is “encouraging evidence with regards to its willingness to repay debt, sell assets, and stay current on its interest payments,” he said.
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I'm looking for a lender that can help refinance with bad credit?
My fiance and i want to refi, on our home. I have tried every company i can think of. We both have bad credit, but we need to also cash out to pay off our debt and start over. He owns his own business and it just started picking up again. It's seasonal work(painting). We want a loan with high interest so the payments are afforadable in his off season. Mortgage companies keep telling me that our home is worth too much? I find that hard to believe. If any can help we would thank you very much. I am trying to avoid bankruptcy.
I would be happy to discuss this with you. We are a direct lender as well as a broker. I have access to pretty much everything. There is always a solution.
annette@annettesousa.com
Jeremy Pham
Mortgage Lending & Investments
866-966-4224 ext. 7608
Who can help me refinance my house for cash out. I have bad credit.?
I'm asking about refinancing, not how can I consolidate debt or get out of debt.
Your best chance would probably be a manual underwriter. Even if there is a chance that you could get a subprime loan after how the market is, stay away!
Checkout http://homefunding.consumerplanet.info for some useful info and tips on handling the situation. Good luck!
I'm a home owner in Tucson w/bad credit & need cash to pay-off debt. Who can get me a cash-out refi in Tucson?
Please give me a referral of someone you know or have worked with in the local Tucson community. Again, my credit has declined and I would like to refinance with someone I can trust. Thank you for your help!
Hey, I live in Tucson and I just refinanced my home with this guy named David Sambell. I originally found him from his website www.GotDebtCallDavid.com. Give him a call at (520) 909-8961; he is local and really good to work with. Tell him you were referred by Gilbert W from a June 2006 refinance, he will know. Good luck...
Can I refinance my house even if I have a bad credit?
Here's the case: I've lived in this house for quite a long time now, and already built at least $400K equity. I still owe around $150K. Here's my concern: I refi my house last year and cash out $20K. My lender told me I need a co-signer in order to approved the loan.
I let my brother and his wife to co-sign, so they checked their credit and the loan approved. My biggest concerned was I only became a co-owner of my own house and they were became the primary borrower. Legally, they can do whatever in this house and it's not I don't trust them but let say something bad happened, like if my brother died or they filed divorce. Legally, my sister-in-law can get something out of this house, if I'm not mistaken. My only hope to get rid of their names is to refinance my house to my own name, but since I have a bad credit, can some lender approve it?
Please I need a good advice on how to refinance my house and by transferring the title in my own name.
With that much equity, any lender can take your loan easily even you have a bad credit. There are many lenders out there who can give you a different loan program. Regarding your problem, the only chance to get rid of their names is to either refinance the house or sell it. But if you ask me, I'll take the first option because it's hard to sell houses nowadays. If you refinance your house, you can easily get an extra cash out up to $100K, and the bank will be happy to provide you that amount. To get rid of your brother's name and his wife out of the title all they need to do is to sign a quit claim and your lender will do all those stuff, all they need is to sign it.
You ought really to speak to whoever organised the loan for you - but I think you will find that your relatives have absolutely no claim on your home at all.
As for re-finacing, you need specialist advice on that from someone who asks you questions about your income, age, expenditure and so on. Without doing this properly and carefully people could give you some well meant but REALLY bad advice.
if not, although you have bad credit (your words), you have a lot of equity. You'll certainly be able to get approved, just not under the best rates/costs.
if you happen to live in PA, NC or MD, feel free to contact me if you'd like to see what refinance terms are available to you: abcdgoodall@yahoo.com.
good luck!
You need an expert and that's not me. I would say contact someone that deals with subprime loans and get some advise. Talk to at least three different lenders. You will definitely lose equity in the deal, but you can have the house free and clear in your name. Ther had to have been other circumstances when you originally refinanced. Good luck.
Next topic: How to get out of your bad situation, Assuming you still have equity all you need to do is refi again, this time with someone that will explain it to you better. You probably will get hit with a pre-payment penalty but if you want out you might just have to do that. If you have questions you can contact me, my info is in MyQ&A.
Good luck!
What do you do when your credit is really bad, like 520 and you need to buy a car?
And I have no cash to give as down payment? I lease a car and I wanted to buy it out, but with a bad credit, they won't refinance for me... And if I give it back, there are thousand of dollars to pay for "return fees" . Is there any one out there that has experienced bad credit or returning a leased car? Please HELP!!!
How long do you have on your lease? If you still have a couple of years, stick with it. Maybe you can improve your credit by then.
When you return your car, you won't have "thousands" of dollars in "return fees" if you haven't exceeded your mileage or have excessive damage to your car. The most you would pay is a disposition fee, which is usually about $350. And if you made a security deposit, that would take care of the disposition fee.
Your bad credit is going to cause you serious problems with buying your leased car, or any other car, or getting another lease. You may need to get a co-signer next time.
Sorry but I believe you stuck unless you can find a friend to assume the lease
How can we transfer property in an amicable divorce if the other spouse has bad credit?
My wife and I are filing our own very amicable divorce. The house is currently in my name and we wonder what our option are for what we can do with it. Ideally, the house would be put in her name but refinanced at a higher cost - net cash out to me. The problem is that her credit is really bad (mine, too), and a refinance in her name may have horrible terms. Is there a way to transfer the ownership of the house to her under the terms of my (the current) mortgage? Any help is greatly appreciated.
An alternative is this, place her name on the deed, and give her the option of rent to own. Then you act like the bank and recieve her payments until it is paid off. In the meantime, because that could take her 10-30 years, you could place the house on the market..and split the equity after sale.
Should I cosign a refinanced mortgage with father in law when I have bad credit?
We live in CA. I live with my father in law and we are in need to apply for refinance w/ cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit (a couple of car repos, late payments, behind on taxes, etc...). The bank told him they would just really like my income there (I make $60k a year), but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.
Thanks for your feedback.
We live in CA. I live with my father in law and we are in need to apply for refinance w/ cash out. However, he is retired, has excellent credit, but only makes about $50k a year with combined pensions and social security. The bank was only willing to give him $350k and we actually need $390k. They said the only way they'd allow him the $390k is if I cosign. I have terrible terrible credit (a couple of car repos, late payments, behind on taxes, etc...). The bank told him they would just really like my income there (I make $60k a year), but I'm afraid if I cosign for him, it would only hurt his chances for a loan. By the way the house is worth about $550k in the current market.
Thanks for your feedback
eta: Thanks for the replies. Another question. I really don't want to explain my situation to him unless I really need to. Can the bank(s) discuss my information with him without my consent?
Did anyone actually read this question?
They are looking for a refinance with cash bank not a purchase so down payment is not even a factor.
Since you have bad credit the bank will not be able to make a decision on the loan until you actually apply and since you father in-law has already been turned down you have nothing to lose.
Now one of the other posters did point out something you have to take into consideration, if your name is going to be on the title and you have creditors coming after you for the repossessions or back taxes they can take you to court, get a judgment and file a lien on the home.
They can't take it but they can force you to pay them back out of any profits if you sell it.
Perhaps you could loan him some money since you have
good income. He can use it to increase the down payment and then ultimately doesn't need to borrow as much.
However a potential problem could occur later. Typically, when you are on the loan, you are also on the title. If you get sued by one of your creditors, then they could place a lien on the house. This essentially makes your father-in-law responsible for your debt.
Finally, the current real estate market sucks. If you can't be on the loan, talk to the seller about reducing the price of the house to something your father-in-law can afford. If the seller is motivated and has no other options, this might actually happen. Ironically, the fact that you can't help him with the loan might actually help him get a lower price.
If they don't lower the price your father-in-law can't lose what he doesn't have. Therefore, he will not be in worse shape.
If I refinance my home to cash out equity and end up foreclosing in the future, what can happen to me?
I like many others am in financial trouble and am having problems paying my mortgage.
I'm thinking about refinancing my home (for no more than it's current market value) and taking my equity so I can pay off my car and a credit card.
If I do that, and still end up facing foreclosure in the future - what can happen to me besides having my credit ruined?
I live in Arizona - the law here states that - "A lender may not bring a deficiency suit against a person who lost a property that is 2.5 acres or less at a foreclosure provided the property is a single one-family or a single two-family dwelling."
I fall into that catagory. Basicly, I'm wondering about future pit-falls if the worst case scenerio happens and I do end up foreclosing after I do a cash-out refi.
That is not the law here in Texas but it sounds like you will be OK there except....if you do this and somehow they can tell you planned it all along...I bet that falls into the category of defrauding a bank (bank fraud).
If you innocently have hard times though, your credit is ruined, but it doesn't sound like you can have a deficiency filed against you.
The federal government is discussing passing a law that might protect you against the "phantom income" problem. "Phantom income" is when a mortgage company turns any shortfall into the IRS and you owe taxes on that amount of the mortgage you didn't pay back.
Im on disability insurance and i need a loan realy bad. i have bad credit. can i get a loan?
I have tryed many places already and no luck. i know this is a pretty stupid question, but can u refinace ur car and get extra cash like u would with a home refinance. or i know u can put up a car as qolateral, but im still making payments. does the car have to be paid off to do one of those pawn auto things. anyone have any ideas to get some cash? im moving in a month and need money to move.thanks
Hey, try this find out the info on title pawn if you do not get the answer you want with the title pawn please go to the website www.helpgetfunded.com,www.thinkcash.com,www.cashcall.com these places help with loans or you can go with a private lender Matin Ellis at bemco_investments@yahoo.com. I am currently working with Martin to secure me a loan.Also contact jeffnorberts12@yahoo.com regarding a loan but do be careful in whatever you do. Please do not let anyone scam you check things out before you agree to anything or sign anything. Best of Luck to you
i have bad credit,but i need a loan.because i do not want to filefor ch13.....help?
i refinance my home,they promise me cash out,but i didnot get any cash,so that put me in a bind,trying to play catch up is hard to do when your note went up .can someone help me?
you re-financed and your rate went up?? most people re-finance so their rate will drop otherwise whats the point?? If you needed cash you should've done a home equity loan.
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10-Q: INTEGRATED HEALTHCARE HOLDINGS INC 15, a debtor must be granted a concession by the creditor for a refinancing to be considered a troubled debt restructuring. Although the New Credit |
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