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Do you have to be notified prior to getting a call saying your in foreclosure?
Wiki User
∙ 15y ago
They are required to make an effort to notify you. Normal people know when they haven't paid their mortgage for three months.
Wiki User
∙ 15y ago
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Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
How many points will a foreclosure reduce your credit score?
Depends on credit score prior to foreclosure. If your score was higher before foreclosure, it might drop 200 points or so. If it was lower before foreclosure, it might drop closer to 100 points. It varies significantly.
In a foreclosure can they take personal property?
You must remove your personal property prior to the foreclosure sale. Once the property has been transferred you have no right to enter. Your property will be removed by a team of professionals and dumped.
How long does a foreclosure take in MN?
Notice of foreclosure as described above must be served on all occupants/owners of the property being foreclosed upon at least four (4) weeks prior to the foreclosure sale. Homestead properties require eight (8) weeks notice before sale.
If loan was paid in full prior to foreclosure. how do i get it off of my credit report?
If the Foreclosure proceeding had already begun it will remain on the credit and should show a zero balance. But it will continue to show the Foreclosure was in effect at that time. If it is still showing a balance contact the credit bureau to have the information updated. You must have proof in hand.
Is foreclosure legal?
Yes it is, if everything prior to it has been handled correctly.
Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
How many points will a foreclosure reduce your credit score?
Depends on credit score prior to foreclosure. If your score was higher before foreclosure, it might drop 200 points or so. If it was lower before foreclosure, it might drop closer to 100 points. It varies significantly.
In a foreclosure can they take personal property?
You must remove your personal property prior to the foreclosure sale. Once the property has been transferred you have no right to enter. Your property will be removed by a team of professionals and dumped.
Can the new owner of your house that went to foreclosure sue the bank for false advertising?
When houses are sold in foreclosure, they are often sold as-is. It is always recommended that the buyer perform a home inspection and do their due diligence prior to the closing.
In the prior month?
In the prior month, is just a fancy way of saying in the month before.
How long does a foreclosure take in MN?
Notice of foreclosure as described above must be served on all occupants/owners of the property being foreclosed upon at least four (4) weeks prior to the foreclosure sale. Homestead properties require eight (8) weeks notice before sale.
If loan was paid in full prior to foreclosure. how do i get it off of my credit report?
If the Foreclosure proceeding had already begun it will remain on the credit and should show a zero balance. But it will continue to show the Foreclosure was in effect at that time. If it is still showing a balance contact the credit bureau to have the information updated. You must have proof in hand.
When your house goes into foreclosures how soon do you have to move out?
You must have your possessions removed prior to the foreclosure sale. Once the property is sold you have no right to be there.
What is a new owner's relationship to the prior owner-occupant after a foreclosure sale?
The title is in the name of the person who purchased it at the foreclosure sale. Once the foreclosure deed is recorded the debtor has no right whatsoever to occupy the property. The new owner has no relationship or obligations to the debtor. The person who has had their rights to the property foreclosed has had abundant notice of the foreclosure. They should make arrangements to move out prior to the sale and make arrangements to remove their personal property before the sale. Once that deed is recorded they are trespassing if they enter the property unless the new owner has made an arrangement with them, in writing.
How long after foreclosure do you have to wait to buy a home?
If you've been in foreclosure, your credit must have trashed down and this is what will stop you from buying a home or qualifying for a new mortgage after foreclosure. You'll have to organize your finances and get financially stronger prior to getting a home loan again.You can try getting a loan 1 year after foreclosure but chances are you'll be charged with very high rates. The best thing is to wait for at least 2-4 years to get the better and lower rates on your new loan. Even if you'd like to get a mortgage after 2 years, you can try out with FHA loans but youneed to haveminimum score of 580-600 especially in times of mortgage and housing crisis.This is from an article I found by googleING the same question.
Can the prior owners of real property in Florida have a redemption period after the foreclosure sale of property?
No, Florida foreclosure law states that the homeowner has the right to redeem the property anytime BEFORE the day of the sale. After the Certificate of Sale has been issued, there is no right of redemption.
