My house is going through foreclosure. My biggest need is money to move and finding a place to rent.
Probably not. Once the loan is out of compliance, you would need to either refinance it or just pay it off.
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.
There is not a need to hide assets before a foreclosure. You will owe the difference between what the house is sold for and what you owe on it, but you will have time to pay this.
The bank takes your house. * After a prescribed period of time the lender will begin foreclosure proceedings. In some US states the lender does not need to go through the court to implement a foreclosure and the action can be rapid. In states that require the lender to use prescribed legal procedure, foreclosure can take several months.
If the primary borrower cannot make mortgage payments, the cosigner is also legally responsible for the loan and may need to step in to cover the payments to avoid foreclosure. If the cosigner lets the house go into foreclosure, it can significantly impact their credit score as well. Additionally, lenders may pursue the cosigner for any outstanding balance after the foreclosure, making it essential for both parties to communicate and explore options, such as selling the property or negotiating with the lender.
"The creditor came to the house to see what would need to be repaired after foreclosure"
No, but if you file bankruptcy you are willing to give up important things. Such as cars , money , boats, or anything value. That would help not having a foreclosure but it would take 2 years to get out the house if you recieve a foreclosure.
Probably not. Once the loan is out of compliance, you would need to either refinance it or just pay it off.
There's plenty of ways to help with your home foreclosure. If you really would need to stick to it, you should apply for loans everywhere or just temporary have someone rent the house.
Yes they can, you will need to file a demurrer to inform the court that the house is involved in a bankruptcy - that may not avoid foreclosure however, it may only delay it.
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.
A homeowner may need to hire a foreclosure attorney if they are being foreclosed upon by the bank or lender, or person who provided the mortgage. If a person owes more on his home than the home is worth, the bank may try to foreclose on the home, in which case, one would need a foreclosure attorney.
what are the forms needed to file a wrongful foreclosure lawsuit There are no forms. A foreclosure is not filed in a small claims court, so strict rules of civil procedure apply. In other words, you will need to act like a lawyer and will be held to the same standard in all rules of court as a licensed lawyer would. Normally, any defense you would have to the foreclosure, would be expected to be pleaded in the original foreclosure suite. If based upon facts that were only discovered after the final judgment, you might be able to sue but, again, you would need an attorney.
There is not a need to hide assets before a foreclosure. You will owe the difference between what the house is sold for and what you owe on it, but you will have time to pay this.
Foreclosure procedure is addressed by state statutory laws. You need to search online for "your state + foreclosure procedure".
The filing will delay the foreclosure or reposession for a bit. But, presuming there are secured loans to the items you mention, they will need to be satisfied (paid) in the course of the bankruptcy, or those actions would still occur.
A deed in lieu of foreclosure is a deed to real property accepted by the lender from a borrower who is in default. It is accepted in order to avoid the expense of a foreclosure. If you are in default you would need to negotiate with your lender to see if they would accept a deed in lieu of foreclosure from you. There may be other consequences of a deed in lieu so you should seek the advice of an attorney if you are in default and contemplating your options. There may be a community service available for foreclosure counseling in your area.