Can Home Loan (mortgage bonds) are taken by the nationalized bank in India in the U.S. take?

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I am an Indian national working conditions in the H1B.Ich U.S. $ 55,500 for the loan (mortgage) in India, and I would like if possible, an exemption here, enter Germany is she? If yes, please let me know the necessary documents and will be in federal / state? I spoke with a consultant H & R Block Tax and it is not safe and I wanted a little of that tun.Ich EMI equated monthly installment to be paid in Indian rupees nationalized bank in India. I receive an annual statement which clearly paid off the interest and principal payments during the period. How to convert the amount paid in Indian rupees to the U.S. dollar and get relief ?**** The loan is the only home I ******* I have no home loans in the United States here * ** No, not at home in the United States. It is in India.
I’m late paying my mortgage, because they put out of my job last year. I was contacted by a company called United Mediation Group. You’ll change my mortgage and my interest rate to 2%. It cost me $ 1500. My loan is still held by my colleagues existing mortgage. Too good to be true – nobody has done this before? I wonder if there are hidden problems, if not my credit score down my mortgage.

7 Comments
  1. Reply
    the tax lady
    January 30, 2011 at 10:41 pm

    The location of the house isn’t an issue.

    If it’s your second home, you can deduct the taxes on schedule A as well as the mortgage interest under the same rules a US person can–that is, the house secures the debt (if you don’t pay, the bank takes the house).

  2. Reply
    tro
    January 30, 2011 at 11:17 pm

    this is not a home in the US?

  3. Reply
    martynne mordarski
    January 31, 2011 at 12:05 am

    I had the same query last year. save time & click on second and seventh links at http://www.loanresources.tk

  4. Reply
    Sharon T
    January 31, 2011 at 12:33 am

    If they contacted you, tread very carefully. Under no circumstances should you pay a fee upfront. In my state it is illegal.

    I think you will be $ 1500 poorer with no modification.

  5. Reply
    Landlord
    January 31, 2011 at 1:24 am

    It isn’t true. It isn’t even legal for your bank to charge 2%. No one but your bank can modify your mortgage, and they can not go below legal interest rates. This is just a scam for your 1500 bucks.

  6. Reply
    skr
    January 31, 2011 at 2:23 am

    one word…..scam.Only your mortgage holder can modify your note. Everything else is a scam. If you are having issues you need to contact the lender directly. Why pay a fee when you are having trouble paying in the first place it makes no sense

  7. Reply
    Kevin Williams
    January 31, 2011 at 2:45 am

    Ok. You are right its a scam. The loan remains with the same lender because all they are doing is a plain old loan modification. The 2% is a teaser rate. When the loan is done they are will tell you the revised payment is the same as a 2% rate on the old note. The $ 1500 is the fee. Same old trick new spin.

    Here’s what they may or may not disclose.

    1). A deed transfer was executed to transfer ownership.

    2). The mortgage payment will be paid to them and they will make the payment. Obviously if they did a deed transfer the bank will not see the new deed and you will make a slightly higher payment than what the bank requires.

    3). At a later date you will have to buy your own property back at a higher rate.

    4). You paid $ 1500.00 for something you do for less than $ 200

    5). You fell for the same old scam.

    You can review your state laws here to see if there'[s any information which may help you to discuss the foreclosure matter. Click the link and select your state:
    http://www.worldclassmemberservices.com/ForeclosureLaws.html

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