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How do you get lenders to stop harassing you about payments during foreclosure?
Wiki User
∙ 9y ago
You need to contact your attorney about having them stop. There is no law unless you have declared bankruptcy that they have to stop.
Wiki User
∙ 9y ago
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Can you move during a pending foreclosure?
can you get a life
What is assignment of bid in foreclosures?
During the foreclosure process, auctions often take place for lenders to recover funds initially lent in a quicker manner. Following the auction, the intended purchaser is "assigned a bid" as this is an acknowledgement that the title of the property is changing ownership.
Can you sell your house during foreclosure?
Yes. The new owner would take subject to the foreclosure as well as yourself.
What is foreclosure during the great depression?
foreclosure is when a business is shut down because they are not selling their products or they are doing paying the bills.
What happens if the person filing for foreclosure dies?
A person doesn't "file for foreclosure". A bank or other lender takes possession of property by foreclosure procedure after the owner (mortgagor) of the property has defaulted on the mortgage. The procedure varies in different states. If the mortgagor dies during the foreclosure proceeding the lender can continue the foreclosure process against the estate. The death of the mortgagor may delay the proceedings until the heirs have been given notice of the foreclosure, depending on how far along the foreclosure has progressed. If the mortgagee (lender) dies during the foreclosure proceeding their estate representative can continue the foreclosure once appointed by the court.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
What are your rights during a foreclosure on your home?
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
Who do you contact if a condo has been abandoned by the owner pre-foreclosure and the pipes froze causing major water damage that affects the entire building?
The first contact should be to your master insurance policy carrier.Two duties are involved: one, a duty to repair; and second, a duty to pay for the repair.The insurance carrier can help the association in both of the duties, above, including tapping into sources of money to pay for the repair.The foreclosure action means that a lender now owns the unit. The lender may be absolved of any responsibility if the board has not crafted a resolution that covers lenders' responsibilities in foreclosure actions, such as maintaining heat in the unit during cold periods.It's a good idea for any association these days to develop and pass a resolution that covers foreclosure owners' responsibilities, and deliver a copy of the resolution to lenders who foreclose. No foreclosure action should be a mystery to an attentive association or condominium property manager.
What are the foreclosure laws in New Jersey?
At least 30 days before starting the foreclosure process, the lender mails a letter to the borrower warning of the impending foreclosure. During this pre-foreclosure period, the borrower can prevent the foreclosure by paying off the amount in default. The lender initiates the foreclosure through the courts and records a lis pendens (notice of pending lawsuit) with the county clerk. The lender can sue for either the default payments or the entire unpaid principal balance on the loan. The borrower is notified of the foreclosure action in person or by publication if necessary. After being notified, the borrower has at least 35 days to respond or the court will make a ruling. If the court rules against the borrower, a sale date will be scheduled. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
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 is the Interest Rate of Hard Money?
The rate varies from lender to lender. According to Bigger Pockets, The rate will range from 10% interest only to 18% interest only annual interest rate payable monthly in most cases. Some Lenders will defer interest payments to payoff, benefiting investors that do not want payments during rehab.
Who is responsible for a property still in the foreclosure process once you vacate the premises?
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
