Foreclosure

About 30 years

Andrew Rothbart has been helping homeowners who are facing the foreclosure process for over 6 years. First, he founded New Start Solutions LLC. New Start has been Las Vegas' Leader in the foreclosure process for over 3.5 years. To learn more about New Start Solutions please visit the website, www.newstartlv.com or call 702-531-5566. Currently, Andrew founded Foreclosure Counselors of Southern Nevada (F.C.S.N.). F.C.S.N. is a Federal Non-Profit Organization that counsels distressed homeowners. Andrew provides free weekends seminars for homeowners facing foreclosure. You can reserve you seat today by calling 702-617-HOME(4663) or visiting the website at www.stalldefault.com.

In most cases yes simply because the employment is temporary in nature and can stop at any time once you go permanent the dynamic will change.

BECAUSE IF IT AINT ON SALE THEY WILL TAKE OF THE SIGN AND IF IT IS THEY WILL PUT A SIGN THAT SAYS FOR SALE

You may want to double check the document to see if you were indeed liable on the loan. You may have not been on the loan but on the deed to the property also.

Call them and ask for the loss mitigation department.

Tell them you are interested in doing a short sale. They will most likely tell you that you need to follow their specific rules and paperwork and to find a local Realtor. Selling your property won't normally be the problem. Getting the bank to respond and start working with you is the problem. You will want to get an authorization letter for whoever will be communicating with the lender on your behalf.

Quiz your potential Realtor on how many short sale they have completed (should be more than 20) and if they have worked with your bank. You are probably best served to find a negotiation company to do the work for the Realtor. These companies are on the phone all day long with the banks and tend to get the job done. There should be no charge to you, they get paid from the Realtors commission that is paid by the bank.

Yes, by paying it off in full. You should review your original mortgage document to determine if there is a pre-payment penalty if you will be paying it off early.

It is possible, cash purchase, or substantial change in your ability to pay which would make the bank think you are a good credit risk. This could be in the amount of time since your foreclosure and maybe you have proved through repayment of another loan that things have changed since the foreclosure. Amount of time since foreclosure, repayment history, amount of credit, amount of debt are all items considered in your credit report which then gives you a score and the bank or mortgage company uses this to determine what kind of loan (rate and terms) you will get if any. All of this being said it is NOT easy especially in today's market.

Google your county online for foreclosure sales. Be in place time or date of sales. Research properties in advance to see which one you want to buy and have money prepared for purchase during bidding.

It reflects poorly on a bank to have real-estate in its portfolio of assets. When a borrower is performing well on their mortgage installments, the Asset in the banks portfolio is a performing mortgage. When a mortgage stops performing the first course of action is to get the mortgage reperforming.

The situation will be assessed to determine the best course of action for reperformance.

The loan may be recast so that the payment will be reduced but it will take longer to pay off.

A portion of the monthly mortgage payment might be deferred to the back of the loan balance. Ex. $1000 payment reduced to $800 (the amount owed on the loan increases by $200)

The interest rate on the mortgage may be reduced to get the note to reperform. (It's not uncommon for banks to sell their notes to other banks. Imagine that Bank of America has made a profit off of a note after a few years. The debt could be 180K, but considering the profit they've made off the note, they might sell it to another bank for 160K. So the new bank buys 180K of debt for 160K, and when they look at their books, they see that they are making 8% annual yield off the note when your interest rate on paper is 6%. so it's not unlikely that the bank is able to reduce the interest rate to get the note to reperform.)

Foreclosure proceedings. The homeowner has an equitable right of redemption. The bank needs to be sure they can repossess the house and in order to do that legally they must foreclose the homeowner's equitable right of redemption.

0.0390625 square miles in 25 acres.

If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.

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

By making extra payments, and if your loan currently has a very high interest rater, refinance it so the interest you are being charged is less.

For example, if you have a 200,000 loan at 6.5% interest and 30 year term, paying $300 extra per month reduces the number of monthly payments by 141, or 11.75 years, and reduces the interest and total paid by $113,531.55.

Reducing your interest rate on the same loan above from 6.5 down to 4.5 reduces your total interest from 255,088 to 164,813.

Both methods are huge cost savers.

Your lender bank obtains the title of the property and appoint a real estate agent to sell it.

Absolutely, there are many programs available to assist existing home owners as well as home buyers with financing home loans after bankruptcy and foreclosure. To obtain a home loan while currently in a chapter 13 bankruptcy it is very important to establish a good payment history. The company that will approve you for a home loan will need to have your payment history. They will also contact the trustee of your chapter 13 bankruptcy to receive permission or an ok to proceed with your home loan. To obtain a home loan after chapter 13 bankruptcy you will need to provide the following to your loan officer. Original schedules of your bankruptcy Discharge documents of your bankruptcy Proof that you have a satisfied discharge Proof that you have established new credit To obtain a home loan after a foreclosure. Maintained or established new credit Applying for an FHA Home Loan there is a waiting period of three years after the foreclosure proceedings have been completed. For Conventional Home Loans you will need to wait five years. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com 480-621-4270

One quarter of 60 is 15.

me and my sister are in probate and faceing foreclosure because of miscommunication on the mortgage payments, what can we do?scared of losing mothers home.

yes Canada has this insurance, but it's usually attached to some other type of insurance you need to buy first.

Quit claiming title to a family member will not avoid foreclosure because the mortgage lien on the property has not been satisfied and the lender has a claim on the property. It will not cause the foreclosure proceedings on the property to cease and the lender will seek a judgment from the civil court.

Yes, it's called a Deed-In-Lieu of foreclosure. You agree to walk away from the home and deed the property back to the mortgage company. This will still have a negative impact on your credit, but not as bad as a foreclosure. Most of the time, a Deed-In-Lieu is a cheaper option for the mortgage company as well because of all of the additional attorney fees/costs associated with the foreclosure process. However, a lot of mortgage companies still have rather restrictive guidelines for accepting a Deed-In-Lieu, some of these restrictions may require the mortgage has already been delinquent for some time, and that the property has been listed for sale at fair market value for a minimum of time (usually 90 days). Because the mortgage industry is struggling, these guidelines are ever changing and often can be bypassed. Call your mortgage company to find out what their specific guidelines are for accepting a Deed-In-Lieu. If you haven't already put your home up for sale, it would be a good place to start. If you can get a reasonable offer, even if it's less than the mortgage, your mortgage company may accept a short sale, which will be better for your credit and will also save the mortgage company money.

$ 920.00

Well it depends on what type of Tax lien we are talking about. But first rule of thumb, liens have priority based on Irs Tax liens are prioritized like most other liens, by date of recordation. Actually IRS liens can fall further down the list based on when perfected.....but all in all, IRS tax liens do not supercede other legal liens State Tax Liens can superced tax liens depending upon State laws but stilll are subordinate to all other previously filed legal liens. Property Tax liens take priority over all liens, regardless or recordation, perfection, etc. Think of it this way, when you buy property, property taxes are an inherent obligation that attaches as soon as the ink on the deed is dry. There's no attorney on earth that can record a mortgage lien that fast!

Currently the rate is about 1% of all homes in the US are in foreclosure. It is interesting to note that this topic has no shortage of news coverage, but very, very few articles mention this number, only the percentages that the foreclosures have increased.

Drain the pool, acid wash it, refill, apply proper chemical levels, easy as that!