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How do you survive when your house was in a foreclosure?
Lucaslawcenter
Depending on why the home is in foreclosure, it may not be all bad. If you have equity in the home but some life event has stopped you from paying your mortgage, then you can sell the home and avoid foreclosure. Most Americans currently in foreclosure are in their situation because of home value loss and bad loans. The problem is that we are emotional, and think about our homes with our hearts. If we thought of them like a business asset, our perception of the situation would change drastically. No business would hold on to an asset that was worth 50% of the debt against it. How many times has Donald Trump filed bankruptcy? There is a system with protections, it's just that the average consumer never uses them out of a sense of moral obligation. The companies and individuals that got us into this mess didn't have the same hang ups and are spending their weekends on their yacht. Foreclosure is not the end of the world, and millions of Americans are in the same boat. It only stays on your credit 7 years (sounds like a long time but just wait) and you may have just gotten out of a huge debt you never should have been in.
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∙ 14y ago
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Can you put a house for sale in foreclosure?
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
Do you get the best deal by buying a house at a foreclosure auction?
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
Can you purchase another house if your house is not in foreclosure?
mo ney
What is the importance of a foreclosure of a house?
Houses go into foreclosure when the owner can no longer afford to make the house payments. Many people look to purchase foreclosure homes as they can often be purchased for a low price.
If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
How long can you live in your house once foreclosure has started in Memphis tn?
in new york how long can you live in your house once foreclosure starts
What is the best recommended foreclosure website?
There are agencies who can help you to stop foreclosure. I have saved my house from foreclosure and if you have a foreclosure property then those agencies will buy it at a great price. For foreclosure guide you can visit myprgenie.com you will get stop foreclosure guide by 2brothers real estate
If you have a lien on the house going into foreclosure will you get your money?
No
How long do you have to demand the return of personal items in your house after a foreclosure?
You should check the foreclosure laws in your area.
Can you sell your house while in foreclosure?
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.
Can you file bankruptcy on your house if already in foreclosure?
Filing for bankruptcy may enable you to recover your house from foreclosure. However the bankruptcy would entail dealing with your entire debt situation, not just the house.
Can you sell your house during foreclosure?
Yes. The new owner would take subject to the foreclosure as well as yourself.
