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What happens to the all the money collected on a house if sold in a foreclosure sale?
Wiki User
∙ 15y ago
The mortgage company gets the money.
Wiki User
∙ 15y ago
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What happens to your down payment in foreclosure?
The money is gone after foreclosure.
If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
What does foreclosure of a house mean?
Foreclosure on a house means that the previous owners did not have enough money to pay for their mortgage and therefore could not afford to maintain it properly, so the bank takes ownership of it.
What happens after a judgement of foreclosure on a mortgage?
although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
What happens to your down payment in foreclosure?
The money is gone after foreclosure.
If you have a lien on the house going into foreclosure will you get your money?
No
If your house was in foreclosure what would be your greatest need?
My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
If you go through home foreclosure can mortgage company go after your other holdings?
Yes, if the sale of the house does not produce enough money to pay off the debt, the rest of the debt may be collected using the other methods.
What does foreclosure of a house mean?
Foreclosure on a house means that the previous owners did not have enough money to pay for their mortgage and therefore could not afford to maintain it properly, so the bank takes ownership of it.
What happens after a judgement of foreclosure on a mortgage?
although itis principle of law that amortgage isalways mortgage.but foreclosure is rule due to which the last benificiary receive the money from property after using his right of foreclosure.
What happens to the money collected for fines in the national football league?
The money collected from player fines is used for charitable donations.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
What happens after a foreclosure?
Foreclosure is the legal process whereby a mortgage company takes your home back from you and sells it to recoup the money they loaned to you. if you intend not to foreclose it better file bankruptcy from the experts
What happens to the direct deposit of my payroll if my house is foreclosed?
Nothing happens. You still get the money in your account. They just want the house, not your money.
There is insurance money for home repairs being held by the mortgage company what happens to this money during a foreclosure?
I really recommend calling your mortgage company to ask.
Do you need to file banckruptcy before foreclosure?
No, but if you file bankruptcy you are willing to give up important things. Such as cars , money , boats, or anything value. That would help not having a foreclosure but it would take 2 years to get out the house if you recieve a foreclosure.
