0
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.
What else can I help you with?
What happens when a person drowns?
the person dies
What happens if part of the heart dies but the person doesn't?
When the heart dies the person is dead.
What happens to Darren shan?
He dies, becomes a little person, and dies again.
What happens to the body after a person dies?
Like all living things, the body corrupts when it dies.
What happens to property with a mortgage when the owner with a will dies?
The estate must be probated. Either the heirs need to pay the mortgage or the bank will take possession of the property by foreclosure.
What happens if a person has too much radiation?
he glows. And then dies.
What happens if you cosign a loan and the other person dies?
yes
What happens to an incomplete bankruptcy filing if the filer dies before its completion?
The filer has to be in person for the 341 meeting so the bankruptcy would be dismissed. A bankruptcy may still be discharged if they are just waiting on the judge to discharge the bankruptcy.
What happens when one dies and they owe on their house?
When a person dies and still owes on their house, the debt typically becomes part of their estate. The estate will be responsible for paying off the mortgage using the assets left behind by the deceased. If the debt is not repaid, the lender may go through foreclosure proceedings to recover the amount owed.
What happens to a mortgage when one spouse dies?
Generally, the mortgage must be paid or the lender will take possession of the property by foreclosure. You should consult with the attorney who is handling the estate.
What happens to harvest moon ds after your person dies?
Your character will not die.
What happens to the house if the wife who is the main source of income dies and the husband cannot afford the mortgage?
If the mortgage isn't paid the lender will take possession of the property by foreclosure and sell it.
