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Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Wiki User
∙ 14y ago
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
Wiki User
∙ 14y ago
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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.
Before foreclosure on a house with a number of liens exceeding the buyer's offer Can you as the former homeowner sell it to prevent it going into foreclosure?
You can sell the house, but you are still on the hook for the remaining amount of money. And the banks may not want to allow the transfer, because they wish to have the property secure the loan balance outstanding. A purchaser wouldn't like to buy such a piece of property, because the danger of foreclosure at the sale might still exist. Without paying the liens, you cannot provide clear title to the property. Most lenders will not lend on a house that is being foreclosed upon. You may be able to reach an agreement with the lender about the sale in view of the foreclosure, but the liens will still need to be paid.
If going through foreclosure do property taxes have to be paid?
Yes. The taxes on owed on the property, no matter who owns the property.
What is the foreclosure sale date?
it means giving date by court to lender property is going to sell or date is given by when property is going to bet
How can someone find property that is going into foreclosure?
go down to your courthouse and they have a listing there. It also tells you what the house is going to start out at when bidding starts.
IF A HOUSE has been foreclosed what are the rules and regulations about going onto the property?
If a house has been foreclosed the lender has taken possession of the property and the borrower no longer owns it. Therefore the former owner has no right after the foreclosure to enter the premises. Arrangements to remove personal property should be made prior to the foreclosure sale.
When does one qualify for VA foreclosure?
Going thru a foreclosure is very hard on a family. You can be foreclosed on in as little as 90 days.
Can a house be foreclosed on in a person's name who is not on mortgage but property is quick claimed to them and they quick claim property back into estate of deceased person name before foreclosure?
A mortgage in default can be foreclosed no matter how many times you quitclaim it around the family. Every person who receives the property by a quitclaim deed takes it subject to the mortgage. You may slow down the process a little and add to the costs of the foreclosure but the foreclosure rides on the person who had title at the time of the mortgage. THEY gave an interest in the property to the bank in exchange for cash. If the cash was not paid back the bank is going to take possession of the property. Subsequent owners only need to be given notice of the proceeding.
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.
If going through foreclosure do property taxes have to be paid?
Yes. The taxes on owed on the property, no matter who owns the property.
Before foreclosure on a house with a number of liens exceeding the buyer's offer Can you as the former homeowner sell it to prevent it going into foreclosure?
You can sell the house, but you are still on the hook for the remaining amount of money. And the banks may not want to allow the transfer, because they wish to have the property secure the loan balance outstanding. A purchaser wouldn't like to buy such a piece of property, because the danger of foreclosure at the sale might still exist. Without paying the liens, you cannot provide clear title to the property. Most lenders will not lend on a house that is being foreclosed upon. You may be able to reach an agreement with the lender about the sale in view of the foreclosure, but the liens will still need to be paid.
What is the foreclosure sale date?
it means giving date by court to lender property is going to sell or date is given by when property is going to bet
Does a landlord have to tell you the state of property meaning if it going into foreclosure at the time of signing the lease?
No. Who knows if the foreclosure will actually happen? Besides, the federal Protection of Tenants in Foreclosure Act give the tenants at least 90 days to get out, after the foreclosure sale.
How can someone find property that is going into foreclosure?
go down to your courthouse and they have a listing there. It also tells you what the house is going to start out at when bidding starts.
Tips for Purchasing a Foreclosed Property?
Due to the high rate of mortgage defaults over the past few years, most commercial banks and mortgage lenders are dealing with an unprecedented amount of foreclosures.� Since these are assets that they do not want to keep on their balance sheets, most banks are always looking for ways to sell off the foreclosed properties.� Because of this, most people could end up getting a great deal if they purchase a foreclosed property from a bank.� While it can end up being a great investment, purchasing a foreclosure comes with a lot of different risks.� Due to the risks, there are several tips that you should follow when purchasing a foreclosure. � When purchasing a foreclosed property, the first thing that you should do is have a title search completed. While these are typically required if you are taking out a mortgage, it is something that could be overlooked if you were going to purchase the property in cash for a quick close. A title search will verify whether there are any existing liens against the property.� While this is important for any property purchase, it is extremely important for a foreclosed property because it will determine whether the previous owner was behind on their tax, association, or any maintenance payments.� After purchasing the home, you will be responsible to pay off any liens against the property. � Prior to closing on the purchase of a foreclosed property, you should also have a property inspection completed.� Foreclosed homes often end up being unlived in and neglected for a long period of time.� Because of this, a significant amount of deferred maintenance could be needed after you purchase it.� A property inspection will go through the home and determine if there is any evidence of mold or termites and whether you are going to need to spend any money on any capital repairs in the near future.� Having the inspection completed will give you a better picture of how much the home purchase will truly cost.� � Most importantly, when purchasing a foreclosed home, you need to ensure that the home is unoccupied.� While banks may have sent foreclosure notices, the previous owners could still technically be living in the home.� While they may not legally be able to live there, it could take some time and significant legal fees to have the previous owners legally removed from the premises.� In many jurisdictions, the previous owners could have up to 90 days to move after you have legally requested them to move. �
How can I check to be sure that home rentals are not going to be foreclosed upon anytime soon?
There's no way of really knowing until the foreclosure notice shows up. Your landlord's bank won't talk to you for privacy reasons.
Will all liens be displayed or known if property is going to get foreclosed on?
Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.
