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13y ago

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Related Questions

Do you have to pay the balance in a home foreclosure sale?

no


How do you stop foreclosure on deceased person's home?

You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.


How much will a pmi pay in lieu of a foreclosure?

Depends on your home and the condition it's in.


What happens when you go into foreclosure in California?

When your home goes into foreclosure in California, the courts will give the homeowner a certain amount of time to move out. The homeowner can pay what is owed to keep the home.


Do you still pay utilities when your home is in foreclosure?

Only if you still want utility services.


Do you have to prove you cannot pay to have foreclosure?

Foreclosure is preceeded by you having not paid on your mortgage not your ability to pay.


Can Back taxes loan companies take your home?

Yes they definitely can because if you don't pay your taxes your home will go for foreclosure


What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?

Foreclosure.


The causes of home foreclosure in 2010?

Most likely ARM loans, people weren't able to pay them off.


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 can you do if you have completed bankruptcy and the lender has not foreclosed the home and you are continuing to pay HOA?

You may be able to enjoy your home so long as the bank delays its foreclosure process -- or you can pay your mortgage and sleep better at night.


Do you pay income tax on the money forgiven on a home foreclosure or short sale or key turnover?

Yes. You will receive a form 1099-C for debt cancellation on a home foreclosure, credit card debt cancellation, auto loan failure to pay, etc. Just because you get a form does not mean you will have to pay taxes on the money. You just have to complete extra forms and possibly pay taxes on any gain you had from the cancellation.