Foreclosure is the legal proceeding in which a mortgagee, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the owner the right of redemption if the borrower repays the debt. When this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption.
If a house is on the market as a forclosure will the bank consider a lower offer? or is their asking price what they expect to get? Thanks
My mom is a realtor in the Bay area and she hasn't been selling houses lately and now it is causing us to move to a smaller house. We used to be v...
I'm living in Los Angeles, and would like to own my own place someday in the next 10 years. I've been told a good source for someone who is p...
Just how many foreclosures are predicted for 2008 compared to 2007? With all these good people suffering from home loses, where the heck are they all...
I am looking to find lists of bank owned foreclosures in California, but I do not want to pay some website $50 to do a search for me. I know B of A ha...
The gov has been working on a solution to help avoid foreclosures but I am having a tough time finding the latest news on what the plan is. Can anyone...
I saw a bit on tv last night on government foreclosures. It said that because of back taxes the government will seize a property and then put it up f...
Does anyone know anything about buying government tax foreclosures on homes from $200 and up? I have seen things about it on television and I was jus...
You know the ones that seem to promise cheap houses? Do people ever really get houses when they respond to those ads, or do they only receive some kin...
Dont know if this is country wide but I know here in S FL it has created a huge problem. Anyone hear of the government buying all these foreclosure a...
And can u really profit from these? Also How would I start if i wanted to try buyin them? And can u really profit from these? Also How would I start i...
I am new to this so please correct me if I am wrong here: 1. Foreclosure properties are sold by institutions such as banks when someone defaults (...
My husband and I would really like to get into buying foreclosed, pre-foreclosed, and hud houses to flip them. The problem is- we already have a mort...
Ones that do not have major repair work to be done.
I want to buy a house, but with my credit and the amount I want to pay a month, I need lower prices. I also can't buy a condo due to the FHA we a...
Does HUD really have foreclosed homes or other properties that can be bought for pennies on the dollar? Do they have a website that lists them??
I am considering a career change and have 350,000 to invest in the home foreclosure market with the intention of fixing the homes and keeping as renta...
If a bank owns a house that is worth 200,000 lets say. And lets also say that all that is owed on the house is 100,000. As a buyer, if I put in a bid ...
We are looking to buy a home and have seen several homes in our area that are foreclosed (bank owned). How do you go about buying these homes? Can y...
I can’t find any internet sources on this so hopefully someone here can help. I am more than willing to do the calculations myself if someone has a...
The house is not on the market and the bank claims they have no record of the house, but they are paying the taxes on the house and the city forestry ...
are there any hidden disadvantages to buying a bank-owned home? if you have any knowledge that would help me in any other way regarding to this q...
I keep hearing about a new law, that might be part of a presidential order, forgiving the short sale deficiency of a primary residence. Can someone p...
After my house when in to foreclosure June 30 th I got a visit from a real state agent that the lender hire, and he is telling me that I have to move...
My sister in law that was living with my mother in law when she passed was living in the house, then we find out she up and moved. We want to move in ...
We scheduled to look at a bank owned property tomorrow at 5pm. The realtor working with the bank told my realtor they were looking to "get rid o...
If a bank owns a house that is worth 200,000 lets say. And lets also say that all that is owed on the house is 100,000. As a buyer, if I put in a bid ...
I have been up to the courthouse twice and still have a hard time figuring them out.They list an amount and I assume that is what they either want to ...
As far as I understand if a home owner misses 2 or 3 mortgage payments, his property is put on the county notice of default report. At that point the ...
I don't understand why people are calling this a crisis. All I see is a price correction of a huge assest bubble hyperinflated by irresponsible l...
On the world wide web there are no absolutely free foreclosure property listings. Every place i have been i have to pay for a membership. There has to...
I have an address for pre-foreclosure from a web site that can tell you if a property is in pre-foreclosure or is already going to auction. I am look...
I would like to know how does the foreclosure process work for a Freddie Mac property? How low of an offer could you present to this agency?
I fell in love with a foreclosed property, and would like to make an offer. Is there anything that I need to know about buying a foreclosure property...
I recently made an offer for a Freddie Mac foreclosure property and the realtor just informed that my offer was not submited because an issue came up ...
I am trying to buy my first home and am looking at pre-foreclosure properties as an option. I have located a pre-foreclosure approximately one mile fr...
My aunt's house is being foreclosed June 9, 2008. However, she found a buyer for her house. Will the foreclosure process be pushed back while her ...
A friend is three months behind on their mortage. They say they have still not received any certified letters or anything. If they decide to stay in ...
My sister is thinking of filing for bankruptcy, but not sure if she should. She is only going to file beacuse of the Heloc which is $50,000. Should o...
My brother in law has just filed Bankruptcy and included his house. The foreclosure process has NOT begun. Can he sell his appliances without gettin...
I am about to start the foreclosure process. I know the lenders will send mail, but is there a way to get them to stop calling my home and buisness? ...
I am 4 months late I tried to get my payment deferred but they denied it, I want to know if my foreclosure process starts in february how long it wo...
I cant afford the mortgage on my rental property anymore and would like to voluntarily foreclose on it. Would the company be able to put a lien on my ...
My husband & I have to sell our first house (we already own our new home) . We have been trying to sell this house since the first of the year, we ha...
I have been watching late night infomercials claiming you can buy property for less on the dollar and more importantly for zero money down? How is thi...
Does anyone know about bank owned foreclosures in nj. Someone told me banks had lists of foreclosures and I could buy a house for 200.00. Although the...
Someone who wants to spend billions on the world and fixing it or someone who focases on the U.S?
Are these things connected? If there is the one problem triggering our economic mishaps, what is it? Or are we just in a stage...? I thought a wa...
Where do you start? Any secrets?
How can I locate the bank or lending source that holds the mortgage on a particular property? Thank you.
I am considering a career change and have 350,000 to invest in the home foreclosure market with the intention of fixing the homes and keeping as renta...