The result is that you lose your home.
When your home goes into foreclosure in California, the courts will give the homeowner a certain amount of time to move out. The homeowner can pay what is owed to keep the home.
After Foreclosure, One should find a decent, affordable place to live and to start rebuilding credit.The best way to plan the next step, is to learn as much as he can about the rental and home buying options after foreclosure.
A stand alone second mortgage is another loan that is taken out against your home when the first loan is still in order. If your home goes to foreclosure, you will still owe this money as well.
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
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
You would be in default of the mortgage and the bank will take possession of the property by foreclosure. You would lose your home.
Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.
what is the time for foreclosure on a home in california?
Not until there is a foreclosure sale.
at the auction sale of my home the sale was stopped. i did not file bankruptcy. i have two mortgages own by investors need to make a decision to or to move?
A pre-foreclosure home is a home in which the owner is in immediate danger of losing their home, possibly due to unpaid loans or mortgages, but has not lost it yet.
You are typically off the market for about 3-4 years after a foreclosure.