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What steps must a bank take before someone's house may be foreclosed on?
Wiki User
∙ 10y ago
The first step requires that the bank send a missed-payment notice. Following that, the bank will send a notice of default. The final literature received will be a foreclosure notice. The house will change ownership officially once the original owner receives a notice of foreclosure sale.
Wiki User
∙ 10y ago
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How do youPurchase a foreclosed house?
On the tv news, I have seen auctions on the front steps of a courthouse, but I am more familiar with foreclosed homes listed on the web. Years ago, I used to check the listings of foreclosed homes online. Some of the websites are free, and others costs $. I checked a search engine to come up with these. There are dozens of them: http://www.foreclosure.com/ http://www.hudforeclosed.com/ http://www.hud.gov/homes/homesforsale.cfm
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What steps does the bank take when foreclosing on a house?
When foreclosing on a house, the bank first looks at the person's saving and checking account. Then, the bank has the right to seize any properties before foreclosing on the house.
What are the steps in a foeclosure in California before you get the boot out of your home?
The bank has to successfully file to foreclose your home. You still have a period to redeem your house by making payments before the sale.
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