0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is a consent judgment in a foreclosure?
A consent judgment in a foreclosure is whereby a borrower with a pending foreclosure agrees to get into a judgment for foreclosure. This will not require further legal representation.
What are the legal ways to stop foreclosure quickly?
You can first get in writing from the bank that they are agreeable to stop the foreclosing process. Once you are armed with this information you can present it to the process servers who are trying to begin the foreclosure proedure.
What does 'case disposed' mean in regard to a foreclosure case?
It means that the legal aspect of the foreclosure has been finished.
Is a sheriff sale a part of a legal foreclosure action?
Yes, it is basically the final step in a foreclosure breore the new paperwork is signed.
Is foreclosure legal?
Yes it is, if everything prior to it has been handled correctly.
What is the foreclosure procedure in Florida?
The entire legal procedure for foreclosure is too long to reproduce here. You can review the procedure for Florida at the link below.
What if you win lottery and stop paying mortgage?
The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.The lender will take possession of your property by foreclosure. It will then sell the property and will pursue you in court for any deficiency and legal costs.
How do you stop foreclosure?
To stop a foreclosure you will required lots of paper work and time to follow the case. Since it dealing with complicated paper work, it is best to reach out to a Foreclosure Attorney for full legal advise.
Can a first mortgage lender omitted from foreclosure and let the second foreclosure?
Yes, but whomever buys at the second foreclosure will own the property subject to the first lienholder's debt. The first lienholder can still foreclose and wipe out the second.
If my credit score was 750 after a foreclosure why is it?
Either the foreclosure is not reporting for some reason, or you were not on the loan. Many married couples share an ownership interest in the house but do not share legal liability for the mortgage. Immediately after a foreclosure is reported you should not have a 750 score.
Will your tenant be notified to move after foreclosure?
Under the Federal Protection for Tenants in Foreclosure Act, passed in 2009, the buyer at foreclosure must give the tenants 90 days to relocate. After that, in most states, the buyer must pursue a legal eviction.
What is a "foreclosure"?
The legal process by which a lender terminates the owner's right to a property that was pledged as security for a debt.
