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What else can I help you with?
Should you sue a title company for not paying your mortgage balance at closing which caused your house to go into foreclosure?
Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not been paid. At that point the title company could have been contacted and the matter should have been cleared up before the mortgage holder could finalize foreclosure proceedings. Therefore, I do not believe that the title company could have caused a mortgage foreclosure.
How far behind do you have to be before a lender can begin foreclosure proceedings on your home?
Forecloseure proceedingsgenerally begin about 90 days after the last mortgage payment is made.
Can you make payments before you are 3 months late with you mortgage payment to stop foreclosure?
Yes, but contact your mortgage company and make the arrangements. Lenders always prefer making arrangements rather than going into foreclosure because they lose money on every house foreclosed on.
Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
What is the difference between a foreclosure and short sale?
A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.
Should you sue a title company for not paying your mortgage balance at closing which caused your house to go into foreclosure?
Notice should have been given to the homeowner by the mortgageholder letting them know that the balance on the mortgage had not been paid. At that point the title company could have been contacted and the matter should have been cleared up before the mortgage holder could finalize foreclosure proceedings. Therefore, I do not believe that the title company could have caused a mortgage foreclosure.
How far behind do you have to be before a lender can begin foreclosure proceedings on your home?
Forecloseure proceedingsgenerally begin about 90 days after the last mortgage payment is made.
What is the real estate foreclosure procedure in Florida?
The owner needs to be 91 days in arrears on their mortgage payments. The bank will send them a letter that they will be beginning foreclosure proceedings. The whole thing can take up to 6 months before the bank actually takes the house.
How can you erase a foreclosure before 7 years?
You can't "erase" something off of your credit report. The best solution to not go into 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. Try http://www.speedyrealestate.info. Good luck!
Can you make payments before you are 3 months late with you mortgage payment to stop foreclosure?
Yes, but contact your mortgage company and make the arrangements. Lenders always prefer making arrangements rather than going into foreclosure because they lose money on every house foreclosed on.
Should you sign a deed in lieu of foreclosure if your husband is the only one whoe signed the mortgage note and you live in a community state property?
You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.You should consult with an attorney before you sign anything. The bank needs your signature to complete the foreclosure but you should have the mortgage reviewed before you sign.
Can you stop the property from going to foreclosure 2 days before it will be foreclosed on?
Yes, by paying the back payments. Also, filing bankruptcy prior to the foreclosure will normally put a hold on the foreclosure proceedings.
What is the difference between a foreclosure and short sale?
A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.
How many payments have to be missed before foreclosure by the mortgage company?
Technically you are eligible for foreclosure the day you miss a payment, but in practice this is never the case. Most lenders will begin the foreclosure process after 3 payments are missed, but that does not mean the home will be foreclosed. Many lenders are required by law to work with the borrower to modify the loan, or otherwise demonstrate significant effort to avoid the foreclosure. Many foreclosures take 6 months to a year to complete. This varies greatly by state, loan type, and investor/owner of the loan.
If foreclosure homes are sold at auction how are realtors selling foreclosure homes - Do they purchase the homes themselves or are they attempting to sell before the auction - How does this work?
the owner who is in foreclosure is attempting to sell the house before the foreclosure goes through. this is completely legal. if they want to sell the house for less than the amount that is owed to to the holder of the mortgage they will need to get the mortgage holders agreement.
What if your husband died now mortgage company in Georgia has changed mortgage to your name even though you are not on the warranty deed at the courthouse and now going into foreclosure Help?
Help with what, exactly? I'm honestly not sure what you expected to happen. Did you think the mortgage company was just going to say "shoot, the guy on the mortgage died, I guess we're just out several hundred thousand dollars"? No. They're legally entitled to seek to recover the balance due on the mortgage from your husband's estate (which may effectively be "you"). The first step would be to contact the mortgage company and find out what you need to do to get out of foreclosure. If the house is actually foreclosed upon, you're out on the street in pretty short order (usually you have three days after the property is sold at auction before the new owner can send the sherriff in to forcibly evict you), so you'll want to do this RIGHT NOW to try to stop things from going that far. If the mortgage company doesn't want to work with you, then bankruptcy is one option. That would put a hold on any foreclosure proceedings until the bankruptcy is resolved. You'll need an attorney for this, and the attorney will be able to explain the details of exactly how it works.
If foreclosure proceedings are started but the loan was reinstated will it show negatively on a credit report?
Yes. Foreclosure proceedings do not begin in most states until you are a number of months behind in payments. That will negatively impact your credit report. I had foreclosure proceedings begin on my home, but I was able to short sell the home before it went to auction. On my credit report it says, "loan was paid for less than amount owed".
