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Fantasia Barrino is no longer facing foreclosure on her $1.3 million home, attorneys for the American Idol winner have announced. An auction of the six bedroom, 6,232-square-foot mansion in Charlotte, North Carolina was scheduled to take place Monday -- but the American Idol winner struck a deal with her Florida-based creditors to keep her home for now. She could still lose it at a future auction if a settlement is not reached. "Assuming the promised payments all get paid as indicated, we will be satisfied," Larry Goldman, the lawyer representing lender Broward Energy Partners, told the New York Post. "I didn't want to take her house."
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What happens when you have 2 homes one in your name and one in yours and your wife's name and the first one gets forclosed on?
You lose that home, whoever had their name on the foreclosed home has a blight on their credit, and will be liable for any money not covered by the eventual resale of the home by the lender. Nothing happens to your other home.
Does music make you lose knowledge?
No, music does not make you lose knowledge.
What song has the lyrics lose control?
Eric Carmen - Make Me Lose Control
When was I Don't want to Lose You created?
I Don't Wanna Lose You was created in 1989.
When was Don't Lose My Number created?
Don't Lose My Number was created in 1984.
Can default cause you to lose your home?
Yes. That is what a foreclosure is all about.
What happens when your home is sold in foreclosure due to common charges?
The result is that you lose your home.
I don't want to lose my home to foreclosure. Can I deed it as gift to family?
Yes but someone still has to pay the mortgage.
What will they do if you take appliances from a foreclosure?
Appliances ar not typically considered part of the home. It is not uncommon for those who lose a home to foreclosure to take everything that is not attached to the home. In many cases, recent home improvements, such as floors, doors, windows, lighting and plumbing fixtures are taken as well.
What are penalties of foreclosure?
You lose your home and any equity you had invested in it. If the eventual sale of the home does not cover your debt to the Lender, they may come after you for the difference. This could result in a judgment against you. Your credit score is adversely affected by the foreclosure, and possible judgment.
What personal items will you lose during a foreclosure?
in virginia, do you get to keep personal items after a foreclosure or do you lose everything you own inside the house also
What happens if you don't pay the mortgage?
You would be in default of the mortgage and the bank will take possession of the property by foreclosure. You would lose your home.
Can you lose your general contractor license or your real state license if you have foreclosure in your credit?
You will not lose your general contractor license or your real estate license if you have foreclosure on your credit report. A foreclosure or bad credit is not a disqualification for these types of licenses.
Is a deed in lieu of foreclosure better than a foreclosure on your credit report?
Yes. Answer {| |- | This is where you are unable to pay for the house and you voluntarily give the house back to the lender. This is subject to a deficiency judgment yet counts as a "less serious" foreclosure on your credit. However, you lose your greatest asset, your home. |}
Can a foreclosure or charge offs cause you to lose your security clearance?
no
Can a landlord sue for back rent if they lose the property in a foreclosure?
The tenant owes the rent to the landlord up the day of a foreclosure sale.
Will using home equity to pay off a large high interest rate student loan increase the risk of losing the home if payments are not made?
If you borrow against your home to pay off ANY type of debt and then do not make the payments, you can lose your home to foreclosure.
