0
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.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
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 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.
Quit claim to a family member to avoid forclosure?
Quit claiming title to a family member will not avoid foreclosure because the mortgage lien on the property has not been satisfied and the lender has a claim on the property. It will not cause the foreclosure proceedings on the property to cease and the lender will seek a judgment from the civil court.
What happens when you stop paying on a vacation points loan?
Forclosure.
Can a lien holder be given a quitclaim deed from the owner?
Yes the owner of the property may give the lien holder a quitclaim deed if they are unable to pay the note and wish to forfeit the property. This is often done to avoid forclosure.
How will a va forclosure effect my credit?
I think it is safe to say that a forclosure of any type will destroy your credit worthiness. A home lone should be the last possible thing you let slide.
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.
Exhusband he signed quick claim he is the primary loan holder but the house is in forclosure?
we just got divorced and he gave me the home but it is in forclosure if i fax qick claim to mortage company will they have to start process over
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
How do you avoid astigmatism?
no way to avoid getting it
if a apartment building was under forclosure or sold under forclosure what happens if their were appliances leased i that building Do they automatically go to bought the place or does the company that leased them get them back?
the company leasing them gets them back they own them same as renting things.
