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When do home foreclosures happen?

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Anonymous

12y ago
Updated: 8/20/2019

Home forclosures happen when a person who has taken out a loan for the purchase of a house has defaulted on this loan. The house has become the collateral for the business providing the loan.

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Wiki User

12y ago

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Related Questions

How many homes in NC are home foreclosures?

2.5


How many home foreclosures in us since 2008?

1000,000,000


Is there a website with a total number of bank owned home foreclosures?

Three is a company which specialized in tracking foreclosures, it's called realty check. The site is located at http://www.realtytrac.com/home/ they have all sorts of stats regarding foreclosures in the US including the total amount.


How do you use the word foreclosures in a sentence?

Because of all the foreclosures on the home loans they had funded, the bank decided to make loan conditions stricter.


Where can one get free home foreclosure help online?

The site eHow gives information about home foreclosures. There is also another site called ForeClosures Help which offers information to help homeowners.


Where can one find out about cheap foreclosures in Arizona?

Like most other state I am sure the foreclsed home in Arizona are dispersed throughout the state as a home most often does not get moved once it is forclosed upon.


What US state is Scottsdale Foreclosures located in?

Scottsdale Foreclosures is a company that manages foreclosures of homes, businesses, and condos. The Scottsdale Foreclosures company is located in the state of Arizona in the United States of America.


How many foreclosures occurred in the us in 2008?

According to RealtyTrac, there has been an increase of 54% of home foreclosures in the US from 2007 March to 2008 March Credit: http://www.mortgagetonight.com/2009/01/how-foreclosure-affects-credit/


Which event was characterized by a decline in new home construction and housing products and an increase in mortgage delinquencies and foreclosures?

Subprime


The number of foreclosures increased from 1 in 2007 to 19 in 2009. what is percent increase in home closure?

1900% increase.


How many foreclosures in US in 2006?

There were more than 1.2 million foreclosures filed in 2006. This was a 42% increase over the amount of foreclosures filed in 2005.


Where can one access a list of local foreclosures?

There are websites that offer lists of foreclosures. One of these sites is RealtyTrac. At this time of viewing the website they offer 152,500 new foreclosures. Other sites that offer lists are Ushud, Homefinder or Zip-Foreclosures.