Foreclosure

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

SSI is a valid income source and can be used to qualify for a home loan. With most lenders you can even use 25% more than the actual income amount to qualify since SSI is not taxed like other income types (this evens the playing field since employed people use their gross income when its known that it will be taxed before they can use it to repay the loan).

Ask your lender

Ask your lender.

My name is Augusta Bishop, I have been a Real Estate Professional since 1993.

Member of National, California and Fresno Association of Realtors and Fresno Multiple Listing Service.

I work for London Properties Real Estate Office in Fresno Cal.

I have sold and market hundreds of properties to include new home sales, multiple units, Farm Land, Land, commercial and business.

My reason to contact you, my main gold is to list and market your REO homes here in the Fresno Ca. County, Madera CA. County, Clovis Ca.

In my 18 years of experience in Real Estate I have experience different kinds of markets, foreclosure, short sale.

My primary interest is to work in the foreclosure homes, land, farm land, commercial and Multiple listings.

If there is a need for me do BPO please consider me for that position as well.

I look forward working with your company

Thank you

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Contact # 559.284.3044

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It is a second writ of execution replacing the first one due to expiration.

The purpose of the loan modification is to renegotiate the terms of the original mortgage agreement. The objective is to ensure that your monthly payment is affordable. Consequently, your Lender may reduce some portion of your principle mortgage balance, extend the term of the loan, allow for a balloon payment at the end of the loan term, and/or lower the interest rate on your current loan going forward.

An auction is voluntary. Sherriff's sale follows a seizure of property.

Try your Sunday Newspaper under " NON-QUALIFING"

You are typically off the market for about 3-4 years. At that point some mortgage companies will begin to look at your overall credit situation again, but you will have to show much credit growth and responsibility.

Yes. But some are bought by people who see the property listing before it is listed as a foreclosure.

Motion to vacate sale means cancelling the order that confirms the sale of the foreclosed property. The word "vacate" means cancel in this case.

Then the landlords mortgage will go into default and if he/she continues to not pay the mortgage the property will be foreclosed on, and yes, you will be left in on the street. there is nothing that says (unless it is in specifically in your rental agreement) what your land lord has to do with the money.

Each state is required to keep those funds and a list of who they are owed to at one of their offices, most are: Comptroller of Public Accounts, Secretary of State, or the Treasurers office (etc.). A search for unclaimed property and your state name (since it is not in the question) should produce the results you are looking for.

NOTE: there are services that charge money for these claims, do not use them, the states provide all this to you without a fee and these services are normally a rip-off.

The lender owns the mortgage and only the lender can modify it. You need to discuss it with the lender.

1.800.669.6093 fax 1.800.658.9364.

That's what a refinance is changing the terms. However, if you have equity, can get a 2d as alternative.

It sometimes takes a month or two to be added as a negative on your credit report.

Generally, no. Foreclosed property is often in poor condition since the owners did not have the resources, nor sometimes the experience or motivation, to properly maintain the property. Therefore it is often worth much less than the amount owed on the mortgage. The condition deteriorates further when it stands empty for a long period of time. Legal fees relating to the foreclosure can be costly and are often not recovered from the sale of the property or the former owner.

If you have no other debts and you have a comfortable cushion in your savings I would definitely pay extra to your mortgage because overtime it can save you a lot of money.

Example: 300,000 mortgage at 4.5% and 30 year term, paying just $200 extra per month reduces the number of monthly payments by 76, or 6.33 years, and reduces the interest and total paid by $59,436.41.

That is a huge savings for only $200 extra per month.

In the state of Kansas, how many times a day can creditors call you.

800-669-6607