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If the bank owns your home due to foreclosure do you still have to mow grass?
Wiki User
∙ 13y ago
No the bank pays the property tax and maintains the property. You are still responsible
for the mortgage
Wiki User
∙ 13y ago
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When your home goes through foreclosure do you still have to pay the loan off from the bank?
no...the note goes back with the bank...your credit is ruined for five years
Will the bank sue you if you foreclose on your home loan?
Yes, the bank will sue you if you default on your home loan and place your house in foreclosure.
If your condo goes into foreclosure do you still owe the condo fees?
Yes, until the bank is the owner. The fact you're in foreclosure doesn't change the fact utilities need to be paid as well as your staff. It's not only the bank that can put you into foreclosure; even your HOA/condo association can force the sale of your home due to delinquency.
Where can one find listings of homes in foreclosure?
Listings of homes in foreclosure can be found on Realty Track, Bank of America, Home Finder, Zillow, Orlando Sentinel, Home Path, Real LePage and Alabama Foreclosure.
How can I purchase a home that is in foreclosure?
Purchasing a home in foreclosure is easy. Contact the agent that has the property listed for the bank, submit and offer, have an inspection and close on the house if your offer is approved.
What is a bank foreclosure?
It when your mortgage to the bank has been defaulted on and they decide to take back your home to compensate for their lost money.
When a bank seizes and sells a home to get as much of its loan back as possible?
That is known as foreclosure.
If make partial payment on home in foreclosure after 6 months will this delay foreclosure?
You should contact a Realtor who specializes in Short Sales so they can negotiate your situation with your bank to stop the foreclosure.
Why would a homeowner need to hire a foreclosure attorney?
A homeowner may need to hire a foreclosure attorney if they are being foreclosed upon by the bank or lender, or person who provided the mortgage. If a person owes more on his home than the home is worth, the bank may try to foreclose on the home, in which case, one would need a foreclosure attorney.
Can home be refinanced after foreclosure with new bank?
Yes, although technically it would not be "refinanced" but rather "financed" because the foreclosure ended the earlier financing.
Do you still pay utilities when your home is in foreclosure?
Only if you still want utility services.
If your home is in foreclosure and your bank tells you to make a payment this will stop the foreclosure but they won't give you it in writing that this will stop foreclosure do I trust the bank?
Absolutely, positively not! To be legally secured you must have a written agreement signed by all involved parties that stipulates all the terms included in the transaction.
