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Forclouser how long does it stay on rereal estate invester owner of 2 investment and one primarry home. can you foreclose one and keep making payments on the others how about if you have an helloc too?
Wiki User
∙ 16y ago
can you forclose one and keep making payments on the others how about if you have an helloc too
Wiki User
∙ 16y ago
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Can they foreclose if you owe 8700 back payments?
I should say so!
After how many missded payments does a lender foreclose?
In most cases a lender will file a notace of default after 3 missed payments.
How long before they can forclose on your home?
Legally they can foreclose at any time, even if you have made all payments on time. In practice however, they normally don't foreclose until you have missed several payments; the exact policies will vary depending on your lending institution.
When you do not include your house in a bankruptcy and then get a loan modification but still cannot pay the monthly payment can the bank take your house if you pay something on it every month?
Yes, if you are not making payments on your home, the bank can foreclose. Even if you are paying something, if you are not paying the amount agreed to in the loan modification or original contract, the bank can foreclose. If bankruptcy is active, they may need permission from the court but if payments are not being made in a timely fashion the court generally grants permission to foreclose. The moral of the story - make your payments or the bank can foreclose!
What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
What to do if one owner is not making house payment?
The mortgage payments must be made or the lender will foreclose the mortgage.
Can a mortgage lender foreclose on your brothers property if you continue to make the pyments?
A lender can only foreclose if the payments are in default. They don't care where the money comes from as long as it keeps being paid on time.
Can social security payments and/or pension payments be garnished by a mortgage lender?
Social Security payments cannot be garnished at all. Pension payments sometimes can be, depending on a number of factors. Typically mortgage lenders do not garnish wages, though, they simply foreclose on the property.
Can lender foreclose if home value decreases and you re making your payments?
No. A lender can foreclose only if you default on your mortgage payments. There are probably tens of thousands of homeowners who are making their mortgage payments on time even though their property has decreased in value. If there is no default there can be no foreclosure. I respectfully disagree. Okay it must be noted that we do not know the details in the lender's agreement with the signatory. Therefore it is possible for a lender to initiate foreclose based on something within the agreement something in the contract that has been violated. A foreclosure can in theory occur if you are making your payments because often times that is not the sole condition in the lender's agreement.
Can a lender foreclose on a property even if the mortgage payments have been kept current?
No but if a home owner is behind on payments and needs a loan mod or short sale approval, proof is available at RestReport.com
What is the process to follow in order to foreclose on an owner financed house whose buyers are behind in payments?
There are laws and procedures regarding this, including notifying the owners of your intent to foreclose. A real estate lawyer would probably be a good idea.
Can second mortgagee pay off first mortgage and take the property by foreclosure?
Yes. The second mortgagee can foreclose if the mortgagor defaults. The second mortgagee would take title subject to the first mortgage and must make those payments or pay it off.Yes. The second mortgagee can foreclose if the mortgagor defaults. The second mortgagee would take title subject to the first mortgage and must make those payments or pay it off.Yes. The second mortgagee can foreclose if the mortgagor defaults. The second mortgagee would take title subject to the first mortgage and must make those payments or pay it off.Yes. The second mortgagee can foreclose if the mortgagor defaults. The second mortgagee would take title subject to the first mortgage and must make those payments or pay it off.
