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That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
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∙ 12y ago
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Does a judgment for forecloser show on all owners credit even if they are not on the mortgage?
A foreclosure is reported under the name of the borrower(s).A foreclosure is reported under the name of the borrower(s).A foreclosure is reported under the name of the borrower(s).A foreclosure is reported under the name of the borrower(s).
Foreclosure - when is earliest point it can happen?
A foreclosure can happen according to the contract that you signed. It is usually only after 3 or 4 months of no payment that a bank or mortgage company will begin to think about foreclosure.
Are foreclosure cases tried in civil court?
Yes, it would be heard in civil court. A foreclosure is an action due to default on a contract (the mortgage), which is a tort, not a crime.
How can a Delinquent timeshare be reported as a foreclosure?
A timeshare is a similar contract to a house and requires regular payments. This can be reported as a foreclosure if you have abandoned payments and the company is taking back their property.
Can you save a property in pre-foreclosure?
I'm pre-foreclosure. .complain under rule 1.110 (b) was amended to requiere the verification of residencial mortgage foreclosure. The foreclosure involves my primary residence and is not verified
Can your landlord evict you if his house is under foreclosure?
Yes. Until the actual foreclosure sale happens, he owns it. I'm not sure what you really mean by 'under foreclosure', anyway. That could be any stage of the process, and you can't be sure that the sale will really happen.
What is the foreclosure law in Utah?
Utah law allows for both judicial and non-judicial foreclosure. In the former, a judge issues the order for foreclosure. In the latter, a judgment is not necessary; a power of sale clause is included in the mortgage contract that allows for the sale of the property by the lender to recover
Does it count as a foreclosure if you already filed bankruptcy?
Yes, a BK does not negate foreclosure action it simply delays it. For the homeowner to avoid such action they must reach a solution such as reaffirmation of the lending contract with the mortgage holder.
If you sold a house and are carring the contract and the buyer is 3 months behind on payments how do you start foreclosure?
You can start foreclosure proceedings on your own, but, odds are, you'll end up trapped in the confusing legal system. The best way to do a foreclosure is to see a real estate attorney in your area. It is likely that the contract provides for attorney fees, so the peace of mind and convenience of an attorney won't cost you a thing in the end.
The attorney that represented you in your divorce is now representing your mother against you in a forecloser can he do that?
Short Answer... YES An Attorney works for anyone and everyone that will pay their fees to work for them. This Attorney can contract with anyone who wishes to contract with them, including your mother. You contracted with them in the past to represent you during your divorce. Now your Mother has contracted with them to represent her during the foreclosure. The Attorney would have contracted with you, to represent you during the foreclosure, if you had contracted with them before your Mother did. Now you will have to represent yourself or contract with another Attorney to represent you during the foreclosure. It's just business in their eyes.
What is frustration of purpose under contract law?
When doing the thing you were supposed to do under the contract would undermine the point of the contract.
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
