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Some states do not require a court procedure to foreclose a mortgage. There is usually a requirement to send written notice to the mortgagor (debtor) and to publish a notice of the foreclosure in a local newspaper. Then a representative of the mortgagee shows up near the property on the date set for the foreclosure auction. If there are bidders, there may be an auction. If there are no bidders, the representative may in some states just set foot on the property for "entry and possession."
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∙ 11y ago
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where are tax forclosure or tax leins in this area?
it depends up on your area, there are so many tax forclosure or tax leins.
Can you re-fi your primary home after losing an investment property to forclosure?
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
Will a deed in lieu of foreclosure appear on your credit report?
From what I have gathered so far, a forclosure is the worst thing for your credit next to bankruptcy, and a deed in lieu is just better than a forclosure.
What happens if you let you house go into foreclosure in the state of Colorado?
These are all the mortgage walkaway trustee sale states, meaning they are non-judicial foreclosure states.In those states, generally, when they foreclose on you, they cannot pursue you for their financial losses.Many, such as California, do in theory allow a lender to choose judicial foreclosure but in those cases the lenders only do so if a borrower has significant other assets. This is the "one action" rule that lets the lender either pursue non-judicial foreclosure, at lower cost and less time, or judicial foreclosure that costs more money and takes more time but lets them go after you for their financial losses.AlaskaArizonaArkansasCaliforniaColoradoDistrict of Columbia (Washington DC)GeorgiaHawaiiIdahoMississippiMissouriMontana (as long as non-judicial foreclosure is used)Nevada - note that the lender CAN get a deficiency judgment (See below)New HampshireOregonTennesseeTexas (but even in a non-judicial foreclosure, the lender can pursue a deficiency judgment)VirginiaWashingtonWest VirginiaThese are states that also allow non-judicial foreclosure, and/or where non-judicial foreclosure is more common and deficiency judgments can be obtained more easily:MichiganMinnesotaNorth CarolinaRhode IslandSouth DakotaUtahWyoming
What does foreclosure redeemed mean?
forclosure redeemed means that in the process of the mtg company forclosing on a property, the property owner was able to pay off the full amount due, therefore stoping the forclosure process
What are judicial and non judicial stamp paper?
Non Judicial Stamp paper and Legal Paper (Plain Paper) both are the different terms in aspect of their nature.On Non Judicial Stamp Paper Magistrate never write the decision of the Case, though Magistrate writethe decision on the Legal Paper (Plain Paper).That is why it is called as Non-Judicial Stamp Paper. The Paper which not be considered as Judicial.
Where can you buy non-judicial stamp paper in mumbai?
You can buy non-judicial stamp paper from stamp paper dealers in Mumbai. The non-judicial paper is only valid for 6 months after its purchase.
What is the generic way to avoid forclosure?
The generic way to avoid forclosure is to refinance or get an additional loan float to keep the home from forclosure. This allows the individuals to maintain in their homes as well as allows the banks to receive a higher yield, versus the forclosure amounts.
What is the time limit of use of non judicial stamp paper in Mumbai also what is the procedure to claim refund of the non used non judicial stamp paper?
According to the Indian Stamp Act, 1899, there is no time limit prescribed for the use of non judicial stamp paper in the entire India. One can use non judicial stamp paper at any time unless it is teared, is in bad condition or physically damaged. one can apply to the treasury officer, who sits in district headquarter, for the refund of the non judicial stamp paper.
What is a non judicial boyfriend?
That would probably be the same as a non-judgemental boyfriend, however I would look the word Judicial up in an online dictionary
How do you know if you would get a deficiency judgment on your forclosure. Do they go after pension or social security?
Can there be a deficiency judgment on a mortgage forclosure in virginia?
where are tax forclosure or tax leins in this area?
it depends up on your area, there are so many tax forclosure or tax leins.
Can non-judicial stamp paper be used in another state?
No!Non-Judicial Stamp Paper can not be used in another state, it will be valid for that particular State from where you purchased.Thanks.
What is non judicial stamp?
A non-judicial stamp is a type of stamp used to collect taxes imposed by the government on legal documents in certain transactions, such as property sales and agreements. It is affixed to the document to show that the necessary duty has been paid.
What is a non judicial girlfriend?
a girlfriend who does not work in the judicial branch a girlfriend who does not work in the judicial branch It means not judicial, or not bound by law. Meaning you have no legal ties to each other at this point. No marriage certificate, no common law marriage.
Where can you buy Indian Non Judicial stamp paper in uae?
Non judicial stamp papers can be ordered from a company called indolegal. The paper is bought by the company then shipped to the customer.
Can you re-fi your primary home after losing an investment property to forclosure?
Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure. Yes. You will need to have at least a 620 credit score, and it has to be at least 3 years after the forclosure.
