No only the house is the item that is being foreclosed on unless it is a federal tax lien or certain other foreclosures.
can you get a life
Yes. The new owner would take subject to the foreclosure as well as yourself.
foreclosure is when a business is shut down because they are not selling their products or they are doing paying the bills.
A person doesn't "file for foreclosure". A bank or other lender takes possession of property by foreclosure procedure after the owner (mortgagor) of the property has defaulted on the mortgage. The procedure varies in different states. If the mortgagor dies during the foreclosure proceeding the lender can continue the foreclosure process against the estate. The death of the mortgagor may delay the proceedings until the heirs have been given notice of the foreclosure, depending on how far along the foreclosure has progressed. If the mortgagee (lender) dies during the foreclosure proceeding their estate representative can continue the foreclosure once appointed by the court.
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.
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
in virginia, do you get to keep personal items after a foreclosure or do you lose everything you own inside the house also
In most cases they lost everything - their property (including personal possessions), their liberty and their lives.
eventually none.
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.
This depends on state law, but normally one has the right to "redeem" collateral up until the sale date (and in some states people have up to 1 year AFTER the sale to redeem). In most states, as long as the debtor shows up with the ENTIRE amount owed (including attorneys fees and foreclosure costs) and hands it to the creditor PRIOR to the collateral being sold, the creditor is required to accept the payoff and tender the collateral to the debtor. So, one can normally refinance a house during a foreclosure process with some other lender, regardless of whether a bankruptcy was filed, and require the bank that is foreclosing to turn over the property. Of course, as a practical matter it may be difficult to get a new lender to finance the property for you when you're in foreclosure, but theoretically it is possible in most states. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.