0
What else can I help you with?
Can you sell your house while in foreclosure?
You can sell your house while it is in foreclosure. If the price is less than you owe the bank, the bank has to agree to the selling price first.
If your house is in forecloure can your spouse buy another house while you file bankruptcy There was a quick claim done to get spouse name off of the title?
If two people owned property, executed a mortgage, and the mortgage is in default, the foreclosure will be filed in both names. It was both mortgagors who defaulted and both will be parties to the foreclosure. If one executes a quitclaim deed to the other that will not stop their being mentioned in the foreclosure.
If a parent dies while house in foreclosure?
The executor of the estate represents the decedent.
What is Notice of default and election to sell under deed of trust?
A Notice of Default and Election to Sell under a deed of trust is a formal notification issued by a lender when a borrower fails to meet their mortgage obligations, such as missing payments. This document initiates the foreclosure process, informing the borrower of the default and the lender's intention to sell the property to recover the outstanding debt. It typically includes details about the default, the amount owed, and the timeline for the foreclosure proceedings. This notice serves as a critical step in protecting the lender's rights while giving the borrower an opportunity to rectify the default or prepare for potential foreclosure.
Judgments - can they take your house?
While any judgment can attach against real property, only a judgment and decree of foreclosure can result in the foreclosure of real property. Decrees of foreclosure are only added to judgments as a result of non-payment of a mortgage or deed of trust, or other security instrument.
When selling your house do you have to keep making house payments?
Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.
Is the house foreclosure process a long one?
Foreclosing on a house can take a while if there are any issues with the deed of the house or family members not wanting to sell. Other than that, it should only take a few weeks.
Can you rent out your home while home is in foreclosure?
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
Are deficiency judgments allowed in Minnesota after foreclosure?
In certain cases, deficiency judgments are allowed in Minnesota after a foreclosure. While they may be allowed in a judicial foreclosure proceeding, the amount of the judgment may be limited by the fair market value of the property that was foreclosed on. Homeowners have the right to a jury trial to determine the fair market value of the property. If nonjudicial foreclosure is used with a power of sale clause in a deed of trust, and the six month redemption period is available to the homeowners after foreclosure, a deficiency judgment is not allowed. Minnesota statutes relating to foreclosure of real estate are located at the following place in the state laws: Minn. Stat. sections 580.01 to 580.30
CAN you STAY for a while in a house to be foreclosed?
Typically, staying in a house that is being foreclosed upon is not recommended as it can complicate the foreclosure process and could result in legal consequences. It is best to consult with a legal professional about your specific situation and options.
Can a house go into foreclosure while it is tied up in probate?
Yes, a house can go into foreclosure if the mortgage is not being paid, even if the property is tied up in probate. It's important to communicate with the lender and the probate court to address the situation and explore potential solutions.
Can you modify a Deed of Trust in Maryland while in foreclosure?
No.
