answersLogoWhite

0

The foreclosure will affect your credit record. You are fully responsible for paying the loan.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Can you buy a house for cash if your house is being foreclosed on?

Yes you can


What happens to the direct deposit of my payroll if my house is foreclosed?

Nothing happens. You still get the money in your account. They just want the house, not your money.


If your house is foreclosed on what happens if you get a personal lender and get a new house Can they put a lien on the new house?

Check the laws in your state, but NO, they cannot. Your old house secures the mortgage on THAT house. Nothing else.


How do you give a foreclosed house back to the bank?

When the bank foreclosed on the house, they took it back. Now it's time to move out.


Can you buy a house for cash if your present house is being foreclosed on?

I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.


Can you rent a house you were foreclosed on?

No, I can't


What happens if you do not pay your property taxes while getting ready to have house foreclosed?

You will no longer be responsible. The bank will have to worry about that after they foreclose your home.


How many house payments can one miss before being foreclosed?

If it is not specified in the contract then it is likely at the descretion of the lender.


If a house is being foreclosed on but a divorce happened who does it effect?

If both names are still on the loan, it effects both people.


Can a bank forclouse on a house with a irrevocable living trust?

The bank does not care who holds the mortgage. If the loan is not being paid, it can be foreclosed on.


What happens to your house if you go to jail?

If you go to jail, your house will still be yours unless you are unable to pay the mortgage or property taxes. In that case, the house may be foreclosed upon or sold to cover the debts.


How can you buy a house after it has been foreclosed and not sold at auction?

You can contact the lender or lien holder who foreclosed on the property and make your offer to them.