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What stage in a foreclosure is there a time that the foreclosure cannot be stopped?
Wiki User
∙ 12y ago
Foreclosures are either judicial or non-judicial foreclosures. In a judicial foreclosure, the lender obtains an order for foreclosure and sells the home through a Sheriff's auction. In a non-judicial foreclosure, the lender takes over the home and sells in through public auction. The earlier you begin your negotiations with the lender, the greater your chances of stopping foreclosure. There are many options for stopping foreclosure - loan modification, assumptions, short sale, etc. Once the notice of sale is issued, you can still stop the foreclosure by paying the default amount. Once the sale is complete, you cannot stop the foreclosure. The foreclosure is complete. However depending on your state law you may redeem the home by paying the new owner.
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The answer above should not be relied upon as legal advice. The information provided above is based on insufficient facts and only speaks to a general opinion based on those insufficient facts. No warranty is provided that the answer is correct. No attorney-client relationship has been formed with me until a signed written contract is complete. For an official opinion, it is advised you seek legal counsel.
Wiki User
∙ 12y ago
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What is the difference between preclosure and foreclosure?
Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in non-judicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.
How can time be stopped?
Time cannot be stopped, other than taking out the batteries of your watch or clock.
Can you get a foreclosure off your credit report?
A foreclosure will be expunged from a person's credit report after seven years have expired from the time the foreclosure was reported. Valid information on a credit report cannot be removed until the required time limit for reportage has expired.
How does a foreclosure that has been stopped compare to the foreclosure actually going through on your credit report?
It depends on how soon you stopped it. If a foreclosure is stopped after three missed payments, then It may only show up as a 90 day late. This can be recovered from fairly quickly, as long as the rest of your payments were on time. If the home is actually foreclosed on, it will show as a foreclosure on the trade line and in the public record section. The best way to see how it effects your credit is to get a copy of your report. You can probably get a free copy from one (or all) of the three credit bureaus. Experian Equifax Trans Union
In California what is the time limit for moving out of a foreclosure?
what is the time for foreclosure on a home in california?
If your home is going to foreclose.but you have not been served an eviction notice. how much time do they give in California?
It would depend on the stage of the foreclosure and the laws in the state in which your property is located.
Can magnetion be stopped?
I am a geius and magnetism cannot be stopped.
What is Arkansas law on eviction after foreclosure?
Legally how much time for eviction after foreclosure in arkansas?
What is the time frame between foreclosure and sheriff sale?
The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.The foreclosure process culminates with the foreclosure sale. In some jurisdictions the sale is conducted by a sheriff. One can say the foreclosure has been done when the sheriff's sale has been conducted. There is no time frame between the foreclosure and the sheriff's sale.If you want to know the time frame between the initial notice to foreclose and the foreclosure sale, you need to check in your particular jurisdiction. Times vary.
How do you stop a horse from pooping in its stall?
If you leave a horse in a stall for any amount of time you cannot. Pooping is a natural action and cannot be stopped.
What happens to homes in foreclosure?
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
What is the foreclosure rate like for Chicago?
The foreclosure rates are at an all time high at this time nationwide as well as in Chicago. In 2007 the foreclosure rate in Chicago was up to 50%. That is way too high for a great economy.
