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The most important thing to remember when you're facing foreclosure is that you do have options to make the best out of your situation and make sure you keep your house. I find that there is a good amount of information at http://www.foreclosurefish.com/ which gives you ideas and resources you can use.
What else can I help you with?
Should you sign a deed in lieu of foreclosure if your husband is the only one whoe signed the mortgage note and you live in a community state property?
You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.
How far behind in your mortgage can you get before your mortgage company starts foreclosure proceedings?
It usually depends on a Mortgage Bank and also on the individuals previous credit ratings.
If foreclosure homes are sold at auction how are realtors selling foreclosure homes - Do they purchase the homes themselves or are they attempting to sell before the auction - How does this work?
the owner who is in foreclosure is attempting to sell the house before the foreclosure goes through. this is completely legal. if they want to sell the house for less than the amount that is owed to to the holder of the mortgage they will need to get the mortgage holders agreement.
What to do when you hold a second mortgage and the people have not paid in 4 months?
Absolutely start the foreclosure process. If the first mortage is also in default, then you run the risk that they start foreclosure before you. If that happens there is a good possibility that your mortgage will be wiped out. The only way to avoid this, in most states, is to purchase the house at foreclosure. For most private mortgage holders this is not a realistic alternative. Typically foreclosure can take several months. By delaying further you insure that your losses will be compounded. Keep in mind that you can always stop the foreclosure process.
How can you erase a foreclosure before 7 years?
You can't "erase" something off of your credit report. The best solution to not go into foreclosure. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!
Foreclosure after discharge with no reaffirmation?
A foreclosure proceeding that missed a recorded discharge of the mortgage may be defective. In certain states and depending on the level of the defect- the foreclosure may need to be done over from scratch. In that case you may find some assistance that was not available before pursuant to new consumer protection provisions relating to foreclosures. You would need to seek the advice of an attorney in your state who is familiar with the current foreclosure laws and bankruptcy law.
What happens if your spouse dies you're not on the mortgage but have the deed in your name?
Generally that means the mortgage was given to the bank before your name went on the deed. In that case you need to pay the mortgage or the bank will take the property by foreclosure.
Should you sue a title company for not paying your mortgage balance at closing which caused your house to go into foreclosure?
Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not been paid. At that point the title company could have been contacted and the matter should have been cleared up before the mortgage holder could finalize foreclosure proceedings. Therefore, I do not believe that the title company could have caused a mortgage foreclosure.
Is there any way to get a mortgage if you went through foreclosure and have a FICO score below 500 but have 50000 capital to invest?
If you just went through a foreclosure I know of no one that will give you a mortgage for a number of years. I tell people to sell the home before it goes to auction.
How to Receive the Best Mortgage Advice and Make Informed Financial Decisions?
Purchasing or refinancing a mortgage loan can be a confusing and complicated process. Many homeowners don’t know where to turn for help or advice. Fortunately, it is possible to obtain beneficial mortgage advice when exploring a few different avenues. One way to receive mortgage advice is to seek this advice online. There are a variety of websites that offer detailed advice on many common mortgage related subjects, including the MtgProfessor, MortgageAdvice, and The Home Loan Center. These websites are a great resource for those interested in gathering information on a variety of topics and understanding the mortgage loan process. However, many homeowners are looking for advice that pertains specifically to them. This can be obtained by contacting a mortgage broker or loan officer. These individuals have been trained in helping homeowners receive and obtain home loans and will know the ins and outs of the business. Loan officers are employed by banks and brokerage firms and will bee equipped to answer any mortgage related questions that you may have. In the case that a homeowner is seeking mortgage advice relating to foreclosure or bankruptcy, he or she may want to contact a debt relief specialist. These specialists work to help clients avoid foreclosure and bankruptcy or help them through the process. While loan officers will be better equipped to answer questions about refinancing, interest rates, and different types of loans, debt relief specialists will be the best source of information regarding foreclosure or bankruptcy advice. When seeking mortgage advice, it is important to carefully decide whose advice to take. Many loan officers and debt relief specialists will tell clients what they want to hear in order to win their business. This is why it is important to be cautious and exercise common sense. If something seems too good to be true, it very likely will be. It is also always a good idea to get a second opinion when receiving mortgage advice. While someone may give you good mortgage advice, the second set of advice may be even more beneficial. Seeking mortgage advice before making a large financial decision is not only prudent, it may open more opportunities and help to put a homeowner in a better financial situation.
Can you make payments before you are 3 months late with you mortgage payment to stop foreclosure?
Yes, but contact your mortgage company and make the arrangements. Lenders always prefer making arrangements rather than going into foreclosure because they lose money on every house foreclosed on.
What is a good reason for refinancing mortgage?
Mortgage refinancing can become a good option when you are facing foreclosure. Of course you have to make sure that you consult your realtor or lender first before doing any actions in relation to your mortgage refinancing plans.
