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What else can I help you with?
What is personal deficiency judgment foreclosure?
This is when you receive a judgment for a foreclosure because you do not have the money to pay your mortgage. Most foreclosures are a result of this, this is just a more specific term pertaining to this.
In a judicial foreclosure what does a Judgment and Decree of Foreclosure on Cross Claim mean?
That means that the cross claimant in the lawsuit was granted a judgment against the cross defendant(s). If the judgment is not satisfied in full immediately, the property in jeopardy will be foreclosed upon.
If you are head of household can a foreclosure judgment still be placed on you?
Yes.
Can there be a deficiency judgment on a mortgage foreclosure in West Virginia?
No, adeficiency judgment may not be obtained when a property in foreclosure is sold at a public sale for less than the loan amount that the underlying mortgage secures.
Judgments - can they take your house?
While any judgment can attach against real property, only a judgment and decree of foreclosure can result in the foreclosure of real property. Decrees of foreclosure are only added to judgments as a result of non-payment of a mortgage or deed of trust, or other security instrument.
Can you reinstate a home foreclosure although the court gave the bank judgment?
You can reinstate your mortgage after judgment was entered. The bank can move to have the court set aside the judgment.
If you made the payment but the bank says you didn't on the foreclosure statement but is the foreclosure valid?
No, it's probably not a valid foreclosure at this point. This is what the foreclosure hearing will be meant to establish. The fact that the bank is pushing the house into foreclosure does not mean that they will be allowed to sell the house at a public auction. Instead, they will have to sue the homeowners through the court system and obtain a judgment, based on nonpayment of the original mortgage. The judgment will be the impetus for selling the home at a public sheriff sale, and proceeds from the foreclosure auction will be used to pay off the judgment. However, if the mortgage has been paid as agreed, this evidence should be presented at the hearing to the court. The court may request more documentation from the lender to back up the charge of defaulting on the loan. If the loan has been paid as agreed, then there is no grounds for a foreclosure judgment to be issued.
Does the state of Illinois allow mortgage companies to sue for a deficiency judgment after the foreclosure?
yes
How long may a foreclosure judgment affect someone in Minnesota?
usually 7 years
What are penalties of foreclosure?
You lose your home and any equity you had invested in it. If the eventual sale of the home does not cover your debt to the Lender, they may come after you for the difference. This could result in a judgment against you. Your credit score is adversely affected by the foreclosure, and possible judgment.
What does final appealable judgment mean in a forecloser?
A final appealable judgment in a foreclosure case refers to a court's conclusive decision regarding the foreclosure, which resolves all issues between the parties involved. This judgment allows the lender to proceed with the foreclosure process, typically leading to the sale of the property. It is "appealable" because the losing party has the right to challenge the decision in a higher court. Importantly, the judgment must be final, meaning there are no further issues to be resolved in that case, making it eligible for appeal.
How long can you stay in your home in Indiana once you receive final judgment of foreclosure?
In the Final Judgment of Foreclosure, there will be a date listed. You can stay in your (or what was your home) until that date. On that date, the sheriff will show up and will evict you and then they'll probably change the locks, too.
