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.
Yes, the bank will sue you if you default on your home loan and place your house 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.
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.
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.
That is known as foreclosure.
You should contact a Realtor who specializes in Short Sales so they can negotiate your situation with your bank to stop the foreclosure.
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.
Unlikely. With few exceptions, 401K/IRAs are exempt from seizure.
Yes, although technically it would not be "refinanced" but rather "financed" because the foreclosure ended the earlier financing.
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.
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.
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.