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Yes, if the house was sold for less than the loan value.
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∙ 13y ago
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Can a mortgage company report a foreclosure?
Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.
How do you know if your foreclosure will be pursued by the mortgage company?
go ask the mortgage company.
Will bankruptcy protect me from foreclosure by my mortgage company?
Yes, bankruptcy protect you from foreclosure by your mortgage company. You can read more at www.hirby.com/mortgage-lender-filing-for-bankruptcy
Can a mortgage company freeze a bank account after foreclosure?
No
Can a mortgage company place a lien on your car if you deafult on their loan?
The property listed on the financial agreement is the collateral for the loan, when a homeowner defaults on their morgage the lender will generally pursue foreclosure.
How do you know when your house is in foreclosure?
You will be informed by the mortgage company or bank.
Mortgage foreclosure dismissed for want of prosecution?
The mortgage company did not go to their own court date and the foreclosure was dismissed. They will be able to refile it if it was without prejudice.
What are your rights during a foreclosure on your home?
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
What is the solution of house 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.
What effect does Foreclosure have on credit?
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.
What is the foreclosure process on your house?
That depends on your state. The laws for foreclosure are set by state. 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.
On a foreclosure who pays the difference in principle?
There are several possibilities. 1) The lender may continue to pursue the borrower for the money after foreclosure. 2) The lender may just write off the loss. 3) depending on the mortgage insurance situation, the insurance company may contribute.
