answersLogoWhite

0

Foreclosure occurs when a person is unable to make payments on a property. The bank, which owns the rights to your property, can choose to overtake the property and kick you out.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Finance

How do you stop foreclosure?

To stop a foreclosure you will required lots of paper work and time to follow the case. Since it dealing with complicated paper work, it is best to reach out to a Foreclosure Attorney for full legal advise.


What is the foreclosure process on your house?

That depends on your state. The laws for foreclosure are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.


Can your work find out about your foreclosure?

Your work can find out about your foreclosure in some of the following ways:They check your credit report for some reason and see your mortgage loan is in a state of foreclosure.They pull public records on the piece of real estate that you own and find the foreclosure lawsuit or lis pendens.They do a background check on you and the foreclosure litigation shows up.Your house is listed for auction in the paper and your coworkers or boss reads about it.One quick way to check the status on a foreclosure is to call the attorney hired by the bank to get a status on the foreclosure sale. You should have received a foreclosure notice which lists the attorney who is hired by the bank to handle the foreclosure proceedings. I would call them.


Do you have to have 'cash only' at a foreclosure auction?

No, a cashier's check will work, too.


Explain the foreclosure process?

The process varies depending on state. For more information, visit http://www.realtytrac.com/foreclosure-laws/foreclosure-laws-comparison.asp. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.

Related Questions

How do you stop foreclosure?

To stop a foreclosure you will required lots of paper work and time to follow the case. Since it dealing with complicated paper work, it is best to reach out to a Foreclosure Attorney for full legal advise.


What are your rights during a foreclosure on your home?

It actually depends on your state, as the foreclosure laws are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure.


What is the foreclosure process on your house?

That depends on your state. The laws for foreclosure are set by state. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.


Can your work find out about your foreclosure?

Your work can find out about your foreclosure in some of the following ways:They check your credit report for some reason and see your mortgage loan is in a state of foreclosure.They pull public records on the piece of real estate that you own and find the foreclosure lawsuit or lis pendens.They do a background check on you and the foreclosure litigation shows up.Your house is listed for auction in the paper and your coworkers or boss reads about it.One quick way to check the status on a foreclosure is to call the attorney hired by the bank to get a status on the foreclosure sale. You should have received a foreclosure notice which lists the attorney who is hired by the bank to handle the foreclosure proceedings. I would call them.


Do you have to have 'cash only' at a foreclosure auction?

No, a cashier's check will work, too.


What steps can I take to stop a foreclosure on my house?

The first step is to contact your bank or mortgage company. Many banks will work with customers to avoid foreclosure.


Explain the foreclosure process?

The process varies depending on state. For more information, visit http://www.realtytrac.com/foreclosure-laws/foreclosure-laws-comparison.asp. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.


What is the solution of house foreclosure?

There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.


What effect does Foreclosure have on credit?

There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.


Can i leave the country before foreclosure?

Yes as long as you have a travel or work visa.


How does a foreclosure work if it is due to an agreed order with the mortgage company while in Chapter 13?

The foreclosure will simply continue as it normally would have if the bankruptcy had not been filed, except for any special provision made in the order allowing the foreclosure to cotinue.


How long is a foreclosure on your record?

That depends on the state that your foreclosure is filed in. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!