Foreclosure

The typical home is built by a contractor who produces fewer than 25 houses each year

Attached homes, commonly called town houses, can be owned by their occupants rather than rented. They are similar in construction to some apartment rental complexes, but town houses are separated from adjoining units by a ground-to-roof wall.

Personal property is not an issue in foreclosure proceedings. Perhaps you are confused about the definition of such. PP would be household furnishings, clothing, jewery, and so forth.

As to the time limit when the persons living in the foreclosed residence, that often depends upon the terms of the mortgage agreement and/or state statutes where the property is located. In some cases it can be as little as 30 days from the time of the eviction service or as long as a year. The final eviction notice will contain the exact date the property is to be vacated. If the order is not followed an officer of the court (usually a sheriff deputy) will remove the occupants in whatever manner is required.

Yes they are allowed too if they own the mortgage because in reality the house is owned by the bank until the principle is paid for. It is almost the same thing as renting or leasing except the house is in your name. In this case the bank is the landlord. Check this article about FDIC pays bank to foreclosed.

If a mortgage is foreclosed in Florida, the lender may sue for any deficiencies between the amount of the loan still owed by the borrower and proceeds from the sale of the asset. This applies to mortgages, home equity loans, etc.

which is being Forclosed upon in the State of Florida, which I understand to be a Recourse State. Since the loans are Non Recourse so I 'm not protected against them comming after my assests for any deficiency, even though the state of Florida is a Recourse State?

Nothing , except if you try that, you may be charged with fraud if that's not true.

advance

Depends entirely on the jurisdiction. For example, different ones in CT use areears or advance. Call and find out.

Yes.

Your second mortgage is secured by your home, so if you default on payments, the lender has the right to foreclose.

yes, up to what the policy limits are which is typically the entire amount.

taken back by the lender

No

no must be a week and the tennant is entitled to taking the bond money for security.

Connecticut, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont and Wisconsin.

The Federal Aid in Sport Fish Restoration Act, commonly referred to as the Dingle-Johnson Act, adopted by Congress on August 9, 1950, was modeled after the Pittman-Robertson Act, aimed at creating a similar program for the management, conservation, and restoration of fishery resources.

Funds to support the Federal Aid in Sport Fish Restoration programs are received from excise taxes on fishing equipment, fish finders, motorboat fuels, small engine fuels, and import duties. State agencies that sell fishing licenses are the only entities eligible to receive grant funds. Each state's share is based 60 percent on the number of it's licensed anglers (fishermen) and 40 percent on the size of it's land and water area.

Program funds are used by state fish and wildlife agencies for sport fish management, boating access, and aquatic education projects.

The amount of times you apply doesn't mean anything to the underwriter of the modification. He/She is looking for three things:

1) That you cannot pay your mortgage at the current rate according to your financial review

2) That you WOULD BE ABLE to pay ALL expenses if your mortgage payment was modified.

3) The reason you can no longer afford the house is due to an economic hardship (you've had a cut in pay, unemployed, etc)

Bac Home Loans Servicing Lp, Isaoa Atima, PO Box 961206, Fort Worth, TX 76161-0206

To conduct a short-sale transaction, the bank(s) holding the mortgage(s) have to agree to a short-sale. If your name is not on the Mortgage, technically you don't have a right to conduct a short sale.

Even if you "own" the house (which will be in question during the entire process), the holders of the Mortgage note(s), typically banks or finance companies, actually have primary ownership of the asset (the house).

If you are able to complete a short-sale, even though you are not on the mortgage note, as an owner the bank holding the note may ask you to take partial responsibility for the difference between sale price and mortgage value, or even to put in equity immediately to avoid a short sale situation. If this occurs, and you cannot pay, you will end up with a debt and a schedule to pay that debt. Adding any debt will negatively affect your credit score.

no....... the lender can go after you for up till 2 yrs after they sell the property.

The Incas built their cities in the Andes Mountains of present day Peru and Bolivia.

Real property tax liens(s), followed by the holder of the oldest recorded lien.

Yes, if one got the loan after foreclosure proceedings began.

When banks make credit decisions, they want to consider as much up-to-date information as possible. If a foreclosure is coming up but is not on the credit report, the bank may grant the loan. Once the foreclosure shows up on the report, the bank will conduct due diligence and see if they would have granted the loan knowing about the foreclosure. Most banks would not and will call the loan, making you responsible for paying immediately.

R9 is the code for foreclosure and write-off as uncollectable for any credit account...this code in any credit profile will send a credit score down low, usually to the 600 level which is usually unacceptable for any further new loans....Word of advice, on any current accounts that you do have at that point in time, keep your payments current and depending on that companies relationship with you, you may be able to keep that account open (like a credit card). however, once a credit profile gets one R9 code, the computer that figures these scores will assign more higher numbers for scores at the earliest opportunity for any further delinquencies. a perfect score of accounts for all credit cards and mortgages, as well as any other accounts will show R1 across the board.

What is next after notice of default is entered