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Every state has different rules regarding what a bank can do to a homeowner in foreclosure. In most states it is not a matter before the court, so there is little control over what they do. Forclosurelaw.org has state-by-state info that may help you.

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15y ago

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Related Questions

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.


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.


In Indiana if your home goes into foreclosure can they take your 401K retirement savings for payment of balance?

Unlikely. With few exceptions, 401K/IRAs are exempt from seizure.


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.


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.


How do you stop foreclosure on deceased person's home?

You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.You can contact the bank and make arrangements to pay the mortgage. If you can't pay, the foreclosure can be continued and the lender will name the estate and the estate representative in the foreclosure documents.


When is the foreclosure home a property of the bank?

I have a mobile home on my property that the bank is foreclosing on. The property was not in with the bank loan. They had the locks changed on the mobile home but it has been over two months and they have not came and removed it from my property. What can be done to get them to remove this from my property.