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How long can you stay on the property after foreclosure proceedings have started in Minnesota?
Wiki User
∙ 14y ago
I believe it would depend on your lender's work load as to when they will request that you move out. To stabilize your situation, it would be good for you to put aside the amount of the mortgage payment into savings and to start looking for less expensive housing. You could also check with the lender to see what you could do to stop the foreclosure, paying back all of the back payments, and possibly refinance if you were caught in a bind.
Wiki User
∙ 16y ago
Wiki User
∙ 14y agoProbably until proceedings have been completed. The exact time depends on the court and the Sheriff's office.
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What is the meaning of reinstatement of loan?
This means that foreclosure proceedings have started due to a substantial delinquency of the loan. Once these proceedings start, the bank will no longer accept any funds except for the total amount that you owe. If you pay the total outstanding debt then you have "reinstated" the loan, which means you avoid the foreclosure. Even though proceedings may have started, it won't show on your credit report as a foreclosure unless the home was sold at an auction.
If foreclosure proceedings are started but the loan was reinstated will it show negatively on a credit report?
Yes. Foreclosure proceedings do not begin in most states until you are a number of months behind in payments. That will negatively impact your credit report. I had foreclosure proceedings begin on my home, but I was able to short sell the home before it went to auction. On my credit report it says, "loan was paid for less than amount owed".
You had foreclosure proceedings started but you sold the home and paid off the bank in full Can the foreclosure proceeding started be remove from your credit report?
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
Who starts impeachment proceedings?
Impeachment proceedings are started by people in the Senate who represent the interests of the People. That is why no impeachment proceedings have been started against the acting president.
Can I refinance a residential loan once foreclosure proceedings have started?
Yes, and you should keep fighting to stay in your home until the foreclosure is final. Make every effort to contact and work something out with your lender. Right now the banks don't want any more repossessed homes if a refinance could help you repay your loan.
Will all liens be displayed or known if property is going to get foreclosed on?
Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.Yes. Liens must be recorded in the land records office where the property is located. You can visit the office in your jurisdiction and check under the name of the owner. Research on foreclosure property can often be tedious but the staff at the land records office can help get you started.
If the lender starts the foreclosure process but isn't completed should it show on your credit report?
It wouldn't show up as a completed foreclosure, but it would show up. It would say "foreclosure started" or "foreclosure initiated" or something to that effect.
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
Have Jon and kate started divorce proceedings?
yes on June 22 2009
Once foreclosure has been started can it be stopped?
Yes, by paying all the money you own and the bank's costs up to that point. In a few states, you have a statutory period of time even after the sale during which you can reclaim the property by paying up.
What member of the black eyed peas started the assistance program for home foreclosure?
will.i.am
What if your mother passed away on June 24th Her house started the foreclosure process on June 10th Since foreclosure began before her death is the estate responsible for her debt on the house?
Any heir wishing to keep the house must pay off the debt. However, if no heirs desire to keep the property, then the estate will not be liable for a deficiency if the house is being sold under a trustee's sale. If the foreclosure is court ordered, then the estate and heirs can be held liable for a deficiency.
