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What do foreclosed mean?

Updated: 8/20/2019
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10y ago

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The action taken by a bank or loan company to call in a loan or mortgage.

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10y ago
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Q: What do foreclosed mean?
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Related questions

If you pay the taxes on a house that has been foreclosed does that mean you own it?

No the bank owns the house.


How can you protect your attached home when your neighbor is foreclosed on?

Protect your home from what? What do you mean by attached home?


What are some benefits of buying a foreclosed home?

There are a few benefits of buying a foreclosed home. Foreclosed homes are generally cheaper than non-foreclosed homes. One can also negotiated for a better deal with a foreclosed home because banks want to sell the home quickly.


Can landlord rent a foreclosed property?

If it is foreclosed then he does not own it. You cannot rent a property that you do not own.


What are the release dates for Foreclosed - 2013?

Foreclosed - 2013 was released on: USA: 12 February 2013


Can a mortgage company report a foreclosure?

Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.


Where can one find foreclosed houses in Pittsburgh?

One can find foreclosed homes in Pittsburgh on Zillow, which features Foreclosed Properties for Sale in Pittsburgh. Other resources for foreclosed homes include homes yahoo, foreclosures bank of america and bank foreclosure sales.


Are property taxes owed on a foreclosed property by the owner?

The current owner yes, not the one foreclosed on. (And the past owner owes the one that foreclosed for any tax that was due for the period that owner had it).


How can anyone get into buying foreclosed homes?

When foreclosed homes are put up for auction that are usually held publicly by the banks. If you are able to meet all the requirements than you can purchase a foreclosed home.


In default 6000 on a home loan can it be foreclosed?

A home can be foreclosed on if the terms of the loan are violated. The amount does not matter.


What does foreclosed real estate mean?

Foreclosed real estate is a property which may or may not include a domicile that was repossessed by a bank or other lender organization because the original leinholder went into default either directly with the bank or to a third party (i.e. the state)


How can you buy a house after it has been foreclosed and not sold at auction?

You can contact the lender or lien holder who foreclosed on the property and make your offer to them.