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In Mississippi After a foreclosure can the bank take you to court for repairs to sell the house?
Wiki User
∙ 15y ago
I think you miss the point of the forclosure that is to sell the house to discharge the morgage what ever is not recovered from the sale of the house will still remain, that means that if the sale only brings in only a forth of the loan you still owe the rest
Wiki User
∙ 15y ago
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Mechanics lien on your house that is included in a Chapter 13 Can the lien holder start foreclosure on your house?
Yes they can, you will need to file a demurrer to inform the court that the house is involved in a bankruptcy - that may not avoid foreclosure however, it may only delay it.
After foreclosure can the bank garnishee your wages for the difference of what you owe and what the house sells for?
If they can get the court to allow this. Consult with an Attorney.
How do you find out if your apartment complex is in foreclosure?
To find out if your apartment complex is in foreclosure, contact your management office. If they won't give you the information, a realtor or court house should be able to get the information for you.
When can you move out of your parents house in Mississippi?
when you are 16 unless you apply to the court for emancipation
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.
What is a foreclosure house?
Foreclosure is a civil lawsuit in which a bank, mortgage company or other lien holder seeks a court order to sell your property to satisfy a debt. If the court awards judgment to the lender, the lender can have the property sold at auction to pay off the mortgage debt.
Buying a foreclosure?
Buying a foreclosure means that you can save a lot of money, but it can come with some problems too. For example, there could be vagrants living at the property, there could be some damage to the home, roof repairs could be needed--basically any number of things could need repair. You may find yourself in a bind for extensive repairs if the mortgage company will not loan on a house that does not meet HUD rules and the foreclosure agency will not allow you to touch the house until it is yours - or fix it prior to sale. These sales do take time, so you should be patient.
If you made the payment but the bank says you didn't on the foreclosure statement but is the foreclosure valid?
No, it's probably not a valid foreclosure at this point. This is what the foreclosure hearing will be meant to establish. The fact that the bank is pushing the house into foreclosure does not mean that they will be allowed to sell the house at a public auction. Instead, they will have to sue the homeowners through the court system and obtain a judgment, based on nonpayment of the original mortgage. The judgment will be the impetus for selling the home at a public sheriff sale, and proceeds from the foreclosure auction will be used to pay off the judgment. However, if the mortgage has been paid as agreed, this evidence should be presented at the hearing to the court. The court may request more documentation from the lender to back up the charge of defaulting on the loan. If the loan has been paid as agreed, then there is no grounds for a foreclosure judgment to be issued.
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.
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
If a house is in a bankruptcy to prevent foreclosure can the lender modify the loan to be more affordable?
Only through the court. The creditors are not allowed to speak with you about these things as it is considered actions to collect a debt, which your filing of BK specifically prohibits them from doing...which is why their foreclosure is delayed.
What are the risks of buying houses in foreclosure?
There are several risks of buying houses in foreclosure. Some of these include: the house may be messy and need a lot of additional repairs, you may end up with an exotic loan mortgage with soaring payments, and it may be difficult to secure a mortgage without a large down payment.
