The seller had 2 mortgages both accepted our offer but then on Friday, the 1st mortgage holder ( who is receiving the full amount owed on the loan) will not send over a pay off statement!??!

If you have a good site then make it happen, but get the right advice from those who work with these retailers on a daily basis and don't believe what you read because these company's are changing daily as a direct result of share holder pressure and stock market pricing.

I am on a student visa (F1) here in the US.

In default it will go to foreclosure and if not sold the note holder will turn the collateral over to the mortgage insurance pool where the originator or holder will have it's note paid according to the participation of the loan guarantee.

HELOCs are just secured credit cards.... think of your normal Visa credit card's interest rate v your HELOC's interest rate.

The bank doesn't own it, the title holder does, which would be the buyer in a sub2 as title is transferred.  

Afterwards, you will have better insight on the timeframe and costs for you to become the legal title holder of the properties(house and lot). 

Many times the lender finds out about the transfer b/c of the holder of the insurance policy is changed as well.  

Why should the mexicans get special treatment if others in the world arent, even canadians dont get amesty if they decides to stay for over 5 years in the US because my Wife is a canadian and we have to go thru the whole legal process to get her her visa in the US.

We contact the homeowner, let them know we are now the mortgage holder.