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You will receive notice of the upcoming foreclosure. Other than that, it is the lender's timing as far as when you will need to move out. Remember, you have broken a contract by not paying your mortgage and the house is not yours until it is fully paid for. It may go better for you if you do contact the lender and work with them to resolve the issue, even if you do have to let the house go.
What else can I help you with?
What are your rights during a foreclosure on your home?
It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.
Where can I find free foreclosure listings for Charlotte, NC?
Free foreclosure listings can be found at www.freeforeclosuredatabase.com. This includes government foreclosure listings.
How do you make a sentence with the word foreclosure?
The purchaser at the foreclosure sale has only the rights of an assignee
What is a dismissal without prejudice pertaining to foreclosure in NC?
This means that the judge dismissed the foreclosure proceedings, but the bank can present the case again. You should get advice from a lawyer about your next steps.
How can foreclosures attorneys help someone who is facing foreclosure?
Attorneys can often help negotiate alternatives to foreclosure on your behalf. If the foreclosure proceeds, an attorney can help advise you on how best to protect your rights and credit.
What happens to the owner of a mobile home during a foreclosure?
Real property is not actually owned until the property is paid for in full. A buyer of a mobile home loses all ownership rights to the property when it is foreclosed on. A resident/buyer loses ownership rights to the property and will have to vacate the premises within the length of time specified in the foreclosure action.
How Foreclosure works?
Foreclosure occurs when a person is unable to make payments on a property. The bank, which owns the rights to your property, can choose to overtake the property and kick you out.
Can you move during a pending foreclosure?
can you get a life
What is a Home Foreclosure?
Foreclosure is to shut out, to bar, to extinguish a mortgagor's right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending institution.
Can you sell your house during foreclosure?
Yes. The new owner would take subject to the foreclosure as well as yourself.
What is foreclosure during the great depression?
foreclosure is when a business is shut down because they are not selling their products or they are doing paying the bills.
What happens if the person filing for foreclosure dies?
A person doesn't "file for foreclosure". A bank or other lender takes possession of property by foreclosure procedure after the owner (mortgagor) of the property has defaulted on the mortgage. The procedure varies in different states. If the mortgagor dies during the foreclosure proceeding the lender can continue the foreclosure process against the estate. The death of the mortgagor may delay the proceedings until the heirs have been given notice of the foreclosure, depending on how far along the foreclosure has progressed. If the mortgagee (lender) dies during the foreclosure proceeding their estate representative can continue the foreclosure once appointed by the court.
