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After foreclosing can a lender come after your retirement?
Rlarroude
QUALIFIED retirement accounts. like IRA, are protected so they can't.
If its just $ you earmark for retirement....that is only your classification and means nothing.
Wiki User
∙ 15y ago
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Who notifies HOA when a property is foreclosed?
Generally the foreclosing lender must notify the HOA.
When a lender agrees to take title to the property without foreclosing it is called?
It is called 'deed in lieu of foreclosure'.
In Alabama is a lender required to give a notice before foreclosing on a home?
Notice is required in all states.
How does a foreclosure proceed?
The foreclosing mortgagee can and usually does bid at the foreclosure sale. If the foreclosing mortgagee is the high bidder, it essentially pays itself up to the amount of its debt by canceling the debt to the extent of its bid. The foreclosing mortgagee only has to come up with cash if it bids more than the amount of its debt.
When can you buy a house after foreclosing on a previous one?
There are many factors to consider, such as how quickly your FICO score rebounds and lender policy, but generally you may be able to find financing for a home 2 years after a foreclosure.
What is a sentence with the word retirement in it?
Here are some sentences.When is the retirement party?His retirement will come soon.
Which states limit the foreclosing entity to the proceeds from the auction?
Which states limit the foreclosing entity to the proceeds from the auction?
What steps does the bank take when foreclosing on a house?
When foreclosing on a house, the bank first looks at the person's saving and checking account. Then, the bank has the right to seize any properties before foreclosing on the house.
Which old rock bands have successfully come out of retirement?
Some rock bands such as The Smiths are unlikely to ever come out of retirement, but there are some that do. The Scorpions have come back after their retirement in 2010, as have The Pixies and The Stone Roses.
If you are foreclosing on your home can you take appliances with you that you brought from your previouse home?
Of course you can. You can take anything you want, including the windows. Here's where it will come back to bite you: When the lender finds a buyer for the house, the difference between what you owed, and what it was sold for is your responsibility. The only way to get out of it is filing for bankruptcy. Bottom line, the more you take, the more it will cost you in the end.
What is the process for foreclosure of a home?
That would depend on the state in which the property is located. In some states the lender can use "self-help" methods when foreclosing on collateral property, meaning that no court order or procedure is required. Other states the lender must go through the required judicial procedure in the state court in the county where the property is located.
If you own more than one property and you are foreclosing the other property how will it affect the property that is still current on payments?
There will be no affect to the house with the current payments. Even if they are with the same lender. But it will hurt your credit badly...at least for 4 years.
