Open Question: i refinanaced in 2004...BAD NOTE?

I wanted someone to explain how buying / selling houses work? If i bought a house worth £125k, and borrowed a mortgage of £100k (putting down £25k deposit) - and decided to sell after 3 years and property is worth £150k then for example... how much would i earn?

How much would i owe and how much would i have available if i wanted to buy another bigger house???

In theory will i get back what i put down as deposit and what the house gained in value over time?
What happens to the mortgage re-payments i made in that time - would i get a return on that also??

Open Question: Refinancing my Mortgage?

I have about 350K left to pay off on my mortgage. The housing market being what it is the value of my home has dropped below the 350K I have left to pay off. I am looking into refinancing to a lower rate but was told that my "Loan to Value" amount was off and I'd need to borrow more than my house is currently worth. Most lenders won't do that.

Is this correct?
Are there any other options for me?

Open Question: i refinanaced in 2004...BAD NOTE?

the bank didn't put my wife on the re-fi note, yet she is on the deed... my attorney says the note is bad, i might not even have to pay back the loan,

i sent a letter to the mortgage company explaining this.. the lady who called me back was no help

my attorney says, if i don't pay my mortgage, they cant foreclose on my house because, because the loan is only in my name, and my wife is on the deed.

i found this link http://www.hud.gov/offices/hsg/sfh/res/reslettr.cfm

and i am trying to proceed without an attorney

to boot in 2005 i went chapter 7 bankruptcy, the note Ive have been paying ..on time, is negative on my credit report

i think i know what to do... but what the heck try yahoo answers

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