The first thing you need to do is contact the bank; mortgage company that your home loan is through and discuss your situation with them. You can attempt to get a loan modification. You can go to makinghomeaffordable.gov
They have a lot of different programs on this site & you can check to see if you would qualify for one or more programs. The key is to be persistent with your loan company. It may take many calls and tons of follow ups, but if you are in the process of a loan modification they cannot foreclose on your property. They can still make all the progress to get the house foreclosed, but cannot actually sell it while you are going through the process.
You can sell your house while it is in foreclosure. If the price is less than you owe the bank, the bank has to agree to the selling price first.
Yes
generally yes i have
The executor of the estate represents the decedent.
You will need to check with your own local authorities to see how much you can earn - if anything - while drawing unemployment benefits.
No. Unemploymnet compensation is not an educational subsidy. You are supposed to searching full-time for employmnent.
While any judgment can attach against real property, only a judgment and decree of foreclosure can result in the foreclosure of real property. Decrees of foreclosure are only added to judgments as a result of non-payment of a mortgage or deed of trust, or other security instrument.
Yes, you can cash out your 401(k) while drawing unemployment in Florida, but there are important considerations. Cashing out may result in taxes and penalties, depending on your age and the specifics of your plan. Additionally, withdrawing from your 401(k) could impact your long-term retirement savings. It's advisable to consult a financial advisor or tax professional before making a decision.
If two people owned property, executed a mortgage, and the mortgage is in default, the foreclosure will be filed in both names. It was both mortgagors who defaulted and both will be parties to the foreclosure. If one executes a quitclaim deed to the other that will not stop their being mentioned in the foreclosure.
Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.Of course you do. If you don't the interest and late penalties will add up and if it takes a while to sell the house you may lose it by foreclosure instead. You signed a contract to make monthly payments and you are legally bound to its terms.
Foreclosing on a house can take a while if there are any issues with the deed of the house or family members not wanting to sell. Other than that, it should only take a few weeks.
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.