Foreclosure Process Knowledge Base
FORECLOSURE PRoCESS? 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 house is being bought? Or does she have to leave by June 9th?
Foreclosure process? I stop paying my mortgage in June, and I have to intention of keeping my house, I was wondering if I am going to receive a letter from the attorney to evacuate my house? I live in florida and can't find anything online that shows the foreclosure process, I would like to know if I am going to get notify or if someone going to come to my house for eviction from one day to another?? please help :-)
Foreclosure Process? I live in Florida and my primary residence in about to go to foreclosure. My wife is on the Deed, but not on the note. When I took the mortgage, she signed that she allow to take 2nd mortgage on our house, but never signed the mortgage. Will it affect her (credit or any other way)?
How long is the foreclosure process if I have already modified my mortgage once? I modified my mortgage a few months ago and still struggling. I owe $315 and it's worth about $200. So, after thinking about it I am considering just letting it go into foreclosure. Since I have already been thru this process with them and re-negotiated my mortgage, is the foreclosure process quicker? Will they start the forclosure process after I have missed only one payment? How long do I have to try and save money and find somewhere to live? Has anyone been thru this?
How does a home foreclosure process work? If someone with an A paper loan goes into foreclosure because their home is worth less than half the value of the mortgage therefore bank does not approve short sale, and they lost their job, how does the process work? This would be for CA. And how long does it stay on the credit report and would existing credit card rates go up?
How long is the foreclosure process in California (Riverside County)? 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 the house, approximately how long would they have before the foreclosure and eviction? Again, this is Riverside County. (Please only answer if you have first hand knowlege of this process.) Thanks!
How do I follow a house through the foreclosure process? I have a seller who will not sign a short sale offer but instead will declare bankruptcy. How do I follow the house through the foreclosure process ? Am I able to purchase this house by the bank before it goes back on the market ? Is there an auction by the lender? How do I find out ? Thank you for any help.
If a foreclosure process has not begun, can the homeowner sell our appliances? My brother in law has just filed Bankruptcy and included his house. The foreclosure process has NOT begun. Can he sell his appliances without getting in trouble? I don't know whether he purchased them or not after purchasing the house. I know he has filed the BK, but it has not been discharged yet. His Mortgage company has not even begun the foreclosure process. He came to me because my mom is a real estate agent, but she didn't know the answer to this either. Thanks!
How does filing for bankruptcy effect the foreclosure process? I've been doing some research and have found a few resources: www.bankruptcyinthenews.com/index.php/2010/08/21/how-does-bankruptcy-stop-the-foreclosure-process/ but I haven't found anything specific. It seems like I'm getting a range of that it slows down the foreclosure process up to six month to a year, but I still haven't found anything specific.
When is the foreclosure process complete? I have been in this foreclosure process now for 14 Months. I am waiting for something in the mail or anything to tell me that the process is complete. How do I know? I looked up my old house and it says that it is "corporate owned". What does that mean? I am concerned because I am still paying utilities on the property and they won't let me cancel, because it's a lien or something like that, until I have proof that my old property doesn't belong to me. What to do? Any comments or suggestions would help greatly.
My loan application got withdrawn based on a question about foreclosure process? I'm in the process of refinancing my home. I've never been late on payments everything is good. Last week while talking to the loan officer I asked her about the foreclosure process that's it. Today I receive an email that my application has been withdrawn because of my "intentions" to foreclose. Can they do that ? I think it's a bunch of bull.
How to find foreclosure info if in process? How to find foreclosure info on a property, if it is under process. I am a tenant at a property and received a letter from attorneys office saying the foreclosure date is set on the property i am renting on 01/jan /2011 Is there a way to know the details if there is a foreclosure under process by the bank. I don't want to ask the owner of the property, they always mislead me. I am in broward county ( florida) Thank you very much for the helpful info.
Question about foreclosure process in Michigan? has anyone recently done a foreclosure in Michigan? If so what did the process consist of, how long did it take, and what where the repercussions afterwards. I no longer live in the home and can no longer afford to keep it.
Is it illegal for a landlord to collect rent money during a foreclosure process? I live in Florida and am currently a tenant in an apartment complex. I've been renting there for 3 years. In January 2010, I was served with foreclosure papers which stated that the property is in foreclosure and that my landlord had 20 days to respond. He hasn't paid the mortgage since June of 2009. Now, he is asking for this month's rent. Is this illegal? Do I have to pay him rent while the property is being foreclosed on? Why should I pay him if HE isn't paying?
How long does the foreclosure process typically take? My pool service man has come upon hard times. He told me that he hasn't paid his mortgage payment in about 8 months. He's been through 2 revisions to his original mortgage agreement but still can no longer afford to pay the bills. He went bankrupt 2 years ago and reaffirmed on the mortgage. The house is in Florida. Chase mortgage is in a holding pattern on foreclosures presently but temporarily. Once the mortgage company decides to foreclose how long can he expect to remain in the house?
How long is the foreclosure process? Say someone puts an offer/bid on a foreclosed property & they win the bid. How long does it take to finalize and complete the processing to the point where the property is considered "sold"?
Can anyone help me understand the foreclosure process of my condo home? I have a condo unit that have not been able to pay, I have kept up with assessments. I recently put it up for short sale and am usually working but I think the bank is trying to serve me with court papers. I have received a first notice already but not a second. How much time do I have before i need to move out. And can i get in trouble if I am not home to receive second notice
Why has my foreclosure process gone for over 2 years? The first two times I went to court I was sent home by the judge because the bank failed to sent in the mortgage information, or any other papers, on my court date. Then when I got a third court date it was canceled by the bank who instead decided to do a "mediation" with me but nothing came of it. That was a year ago and I have not heard from anyone since then. WHAT'S GOING ON?
what does the foreclosure process include in new york? they say the process starts the sixth of september but what does that even mean? can we still pay after the sixth and save our house? how long does the process take? will they tell us the day they will foreclose on the house exactly? help would be appreciated please and thankyou :).
How long did YOUR foreclosure process take? I keep seeing how quickly it CAN happen, but from people I've spoken to, it's taken longer. How long total, did you live in your house until you HAD to be out? Thanks! My state is Florida
At what point in the foreclosure process is "cash for keys" offered? We are in foreclosure on our home, and our auction date is set for the first of November. At what point is this offered? Can you receive it months in advance if you agree to keep the property maintained until you leave, or is it ONLY right before they want you out of the residence? Also, our mortgage company was Wells Fargo, anyone had experience with CFK with them, and if so, how much did you receive? Actually, no...that is not the answer to my question...
Do Banks Keep Equity In Foreclosure Process? This might be "far fetched" since a seller with any equity would be better selling short. But assume someone has a significant amount of equity in their home and just can't sell it to anyone. They can't make the payments anymore and so the bank does what they do. If they are lucky enough to make a profit after all legal and other fees are covered, does the mortgage holder get the difference?
The foreclosure process, what do I need to do? After several rate adjustments and no help from our mortgage company we have prepared ourselves mentally to let our home go. I'm still young(24), I'm aware my credit would be shot. I can't refinance since the loan(145k) is over the value (136k), so this isn't an option I have. My question is, in Oregon can the mortgage company sue me for whats left over of the loan after the sale? Or will this debt be forgiven. Thanks!
home under foreclosure process but? maybe i wanna try different realtor to get this home sold at better prices. do you think it's too late to find another realtor as a home is going under foreclosure process? loss mitigation dept said it's not late to submit them another buyer offer if there is but has to be certain price or else. bank is asking lot more than the market value. most likely it will be foreclosed im sure... i guess no realtor would come up and say 'i will try' at this point, would it?
In foreclosure process, second assumed by lender's mortgage insurance. Now what? We are currently in the foreclosure process. We have a second mortgage with USAA that was just assumed by their insurance company. What will happen with that, will they hand it over to a collection agency? It was for $121,000. I've been told that it's easier to negotiate with the collection agency to lower the payoff amount.
Foreclosure Process in Arizona? Has anybody here in Arizona gone through with a foreclosure? How long has it been since the foreclosure process and how is your situation now? Have you tried buying another house, did they come after you for $$? Can you credit score get better in time? Please, I need answers from someone who has gone through this or has a good idea of this whole process. Thanks.
Renting and in foreclosure process? I’m renting a townhouse in California and just today when I got home I saw a paper on the door saying a foreclosure process has begun and the property will be sold this month. I don’t know what to do my landlord has not returned my calls and I just paid my rent. What will happen? I signed a lease agreement for a year and it will expire in March 09. Please help me with any info.
How long does the foreclosure process take from start to finish? My landlord just told me she is foreclosed on the house I am renting. I'm paid through this month but she said I can stay until probably March. I want to be prepared for anything since I am unfamiliar with the foreclosure process. When should I start prepping to leave? She declared foreclosure either end of September or early October.
foreclosure process in Indiana? I live in Marion county and am in foreclosure, or pre foreclosure, I have received the papers that state I have 28 days to answer, this time has passed and have heard nothing else, just need to know if I will be given time to move once the foreclosure process is completed or if they come and lock the house up with everything in it, not sure how it works. Appreciate any info anyone can give me, Thank you.
Foreclosure Process in Florida, I need help!!!? I live in Lake county Florida in the city of Leesburg. I believe my home is in pre-foreclosure. I need to know how long I have to get out or what the process is. I have already talked to the bank and I am not able to pay for it any longer my mortage went up $300 more a month. Does any one know the process? If it helps my mortage is thru US Bank. I am sorry Ii forgot to mention, my home has been on the market for the past yr I have it for sale now a SHORT SALE as a matter of fact and it is 9K less than I owe, I had a family look at it on Feburary 27th but I haven't heard anything yet. The house belongs to my boyfriends father and he doesn't care fot it any longer he plans to move back to Mexico here in the next month. I live in the home with 2 kids and due for my 3rd in 1 month so I can not afford the mortage.
Short sale and foreclosure process. Me and my fiance put in an offer on a house that was in the short sale process. However, the bank waited more than a month to do anything with our offer. In the meantime, the house went into foreclosure and now we have resubmit an offer and go through the whole process again. Why do banks do this? Is this legal. I am from the state of the Michigan. Thanks in advance.
Foreclosure in California. My house is in the foreclosure process.? My question is, once the lender sells the my home in an auction, are the lenders required to give us a certain amount of days notice for us to move out? Or will they just come and lock up my house? I know a couple of years ago lenders had the right to come and lock up the house even with your stuff still in it without notice. But with the market today, I need to know if they will give some type of notice? And if it is required for them to do so?
how does the process of a deed in lieu of foreclosure work ? I am several months behind in mortgage payments on a rental property, I have heard about a deed in lieu of foreclosure . does anyone know how this works ? and does it still count against your credit rating ? can this be done by calling the original mortgage holder and returning the property to them without a foreclosure penalty ?
For foreclosure properties, can you tell me the steps of the process please? For example, how is it determined whether house is owned by bank or government and whether… and how is it determined whether it goes on the market or to an auction… and where are the auctions held? If back taxes are owed, does the bank pay the city off? I am very curious as to how this process works. If know any of these answers, will you reply please? Thanks!
Help understaning foreclosure law / process in Missouri? I live in STL Mo and need help understanding foreclosure processes in Mo. I was told we had to be served by cert. letter 20 days before the sale date, we weren't. We just found out the house is being sold on courthouse steps on 6/10!!! We want to move but don't have enough time now. What is the process of foreclosure in Mo? We the sheriff put us on the street the day after the sale? Will we have to go to court where we can plead our case to the judge to just give us more time (we have 4 children)?? Any help or advice is appreciated ahead of time. We filed a ch. 13 to keep the house in Dec. 07. They hiked the payment in Feb. We spoke to our attys who said we would be served by cert letter of the sale date. We never received the letter, I only found out about the sale date through an advertisement. When I called our mortgage co. they said they didnt have to give us that time. So, we did not know the house was up for sale - they never served us with any papers. Never put anything on our door. All we need is another 30 days, is it possible to try to get that from the lender? Also, do they have to give you time to move out after the sale? I thought there would be a court date or something?? Thanks
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