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When your house forecloses and it doesn't sell do you owe the difference?
Wiki User
∙ 15y ago
If you're in the US and assuming you mean the home doesn't sell at the foreclosure sale… The lien holder will market the property and eventually it will sale, but it may take some time if the market is bad. If the property does not sell for enough to pay off the entire balance (which will include the loan balance, the foreclosure legal expenses, attorney fees, etc), the lien holder will seek a deficiency judgment against you for the remaining balance (if the state allows it and most states do).
Wiki User
∙ 15y ago
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What kind of paperwork does the trustee need in order to sell the house after filing chapter 13?
Unless the house was owned free and clear by the debtor, the trustee does nothing. The mortgagee forecloses and auctions the house off. If there was no mortgage, the trustee will either sell the house or auction it off.
Is there any laws against renting or selling a house that has a current lien against the home In Parkersburg West Virginia?
No. If you sell the home, the lien will need to be paid in closing. Renting the home won't make a difference, however, if the lien holder forecloses on the loan, you may breach the lease and have to compensate the tenant.
Does the equity in a house add up from yourself and the previous owner and can you get it after you sell the house?
Your equity in your house is the difference between what the house is worth, the fair market value, and how much you owe on it.
What doesnt walmart sell?
cars
What is the percentage difference in price if a house that cost 450000 sell s for 565000?
%age difference = [(565000-450000)/450000]*100 % = 25.55% = 25.6% approx.
Why does Harry Potter sell mud?
he doesnt
Can you sell your house on RuneScape?
no you can not sell your house on runescape.
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
How do you sell your house on wizard101?
You cannot sell your house in Wizard101.
When was Sell This House created?
Sell This House was created in 2003.
How do you sell your house on smallworlds?
You can't sell your house on Smallworld.
How do sell your house on smallworlds?
You can't sell your house on Smallworld.
