0
What else can I help you with?
Where can one get help to stop a foreclosure?
If one is threatened with a foreclosure and threatened with eviction from one's house, visit Citizens Advice. They may be able to suggest ways of avoiding the foreclosure.
My mother passed away I have siblings and no one has reported her death to the mortgage company we can't afford the house payments is it the law that you have to report it to the mortgage company?
No, once the mortgage company begins the foreclosure process they will find out that your mother is dead. This will not stop the foreclosure process. The only way to avoid that is to make the payments.
How can one beat foreclosure?
You can't "beat" foreclosure. You can talk to the lender and try to work out some kind of repayment plan that will cause them to halt the foreclosure proceedings. You can also stall the process by filing for bankruptcy, but at the end of that you're still going to lose the house unless you've used the time to work out a deal with the lender.
If you have a lien on one house and it is going into foreclosure will and we have a second house will anything happen to the second house and can they garnish your wages?
Did you record a Homestead on either house?
How long is right of redemption period in CA?
In California, the right of redemption period after a foreclosure sale is typically one year. This means that the homeowner has up to one year to reclaim the property by paying off the remaining mortgage balance and any additional costs incurred during the foreclosure process.
What is the time frame between foreclosure and sheriff sale?
The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
Where can one find more information about saving my home?
If one is interested in saving their home from foreclosure, there are a number of different resources one can reference. One can find information on saving their home from foreclosure on websites such as Bankrate, Keep My House, and the HUD official website.
The Bank Foreclosure Process: What to Expect?
Falling behind on your house payments can be a very scary thing, especially if you don’t know what to expect during the bank foreclosure process. The details may differ from state to state, but the basic process is the same pretty much everywhere. Here is a brief overview of the basic steps that the foreclosure process takes. The foreclosure process usually starts with the homeowner being served with a foreclosure notice. Depending on where you live, the notice can be sent in the mail, published in the newspaper or tacked to the door of the house. The amount of time that passes between when you fall behind on your payments to when you are served with the foreclosure notice mostly depends on your lender. However, in some states the mortgage must be in arrears for a certain amount of time before the lender starts the process. Once you receive the foreclosure notice, it is usually very difficult to work out payment arrangements with the lender. However, it may still be possible. At this point, they usually want the loan paid off in full in order to stop the foreclosure. There is usually a waiting period after the foreclosure notice is served to allow the borrower a chance to pay off the debt before the house is sold. The waiting period varies from one state to another but it is usually just a few weeks so don’t waste time if you want to try to save your home. The next step in the bank foreclosure process is the sale of the home. This is usually done by auction, either at the courthouse or in front of the home. The bank usually sets a minimum bid equal to the amount that was owed, plus legal costs that have been incurred up to that point. The winner of the auction (or the bank, if no one bids) assumes ownership of the home following the redemption period, if there is one. In many states, homeowners are given a chance to redeem their properties following the sale. The redemption period is often a few months, during which time the borrower can reclaim ownership of the home if they repay the full amount owed, plus legal costs and any costs incurred by the lender in preparing for the auction. This is the last step in the bank foreclosure process and the homeowner’s last chance to save the home from foreclosure.
How do you proceed with a deed in lieu of foreclosure and what are the advantages?
One advantage is that the foreclosure process will end sooner. Once the bank accepts the deed in lieu of foreclosure, all of the legal procedures come to a end immediately. The bank accepts the deed as payment in full for the loan, and the homeowners are no longer in default of the mortgage. Another benefit is the homeowners will not have as badly damaged credit as if they had gone through the full foreclosure. With the foreclosure process ending sooner, there are fewer missed mortgage payments. The bank typically reports late payments up until the month of the county foreclosure auction, which can result in many missed payments. With a deed in lieu of foreclosure, some of these can be avoided, as the foreclosure process is terminated early. This, in turn, allows homeowners to begin recovering financially more quickly than if they had let the home go through with the entire foreclosure process. They can begin working on credit repair sooner rather than later.
Where can I learn about stopping a foreclosure?
Your local bank will have the most accurate information on how to prevent your home from going into foreclosure. You can also discuss alternate payment plans or consolidating loans for a lower rate while there as well.
How do I avoid foreclosure on my home when I have lost my job?
There is only one way to avoid foreclosure - make your payments. Any other method merely delays the inevitable. In extreme cases, depending upon the state you live in, bankruptcy can temporarily stop the foreclosure process while you get back on your feet.
