Foreclosure

Chase Home Finance, LLC engages in originating and servicing residential mortgage loans. It offers mortgage, home equity, and manufactured housing loans. The company is headquartered in Edison, New Jersey. Chase Home Finance LLC operates as a subsidiary of Chase Home Finance, Inc. 343 Thornall Street Suite 7 Edison, NJ 08837 United States

Phone: 732-205-0600

Mr. Stephen J. RotellaChief Executive Officer

Age: 55

Mr. Glenn J. MouridyPresident and Chief Financial Officer

Age: 53

Mr. Luke HaydenExecutive Vice President

Mr. Richard W. MillerSenior Vice President

Mr. Thomas WindExecutive Officer

Mortgage insurance protects a lender from loss, subject to contractual limitations between the bank and the mortgage insurer, if a borrower defaults. A bank that is forced to foreclose on a property due to a borrower default is still at risk of losing money since the mortgage insurer covers only a specified percentage of the original loan amount, typically 20% to 50%.

Mortgage insurance will mitigate losses incurred by a bank due to a foreclosure but does not fully protect the bank from losses.

Homeowners insurance will continue after an owners death. The Homeowners insurance policy will typically be paid for by the executor of the estate and become his or her responsibility.

This depends on the state and the type of foreclosure used.

In general, there are two different types of foreclosure.

In judicial foreclosure, banks are required to bring a lawsuit against the homeowners in the local district court. Homeowners are notified of the foreclosure when they are served with the paperwork including the lawsuit complaint the lender has filed. Notification is often done by a sheriff's deputy hand delivering the paperwork or by the bank sending the paperwork via certified mail.

In nonjudicial foreclosure, the bank is able to sell the home at auction without suing the borrowers. Notification is often done by having a sheriff post a Notice of Sale or Notice of Intent to Foreclosure and Sale or similar notice on the property itself. Notices must also be posted in local newspapers, in public gathering places, or at the county courthouse.

The specifics vary by state, but these are the two most common methods of foreclosing on a home and how the debtors are notified of the pending loss of their property.

Steven J. Baum, the Foreclosure King of New York, Worth $50 Million. I consider him the foreclosure king. No doubt.

A situation in which a homeowner is unable to make principal and/or interest payments on his or her mortgage, so the lender, be it a bank or building society, can seize and sell the property as stipulated in the terms of the mortgage contract.

A foreclosure happens when someone who has made a loan with a bank can't pay their loans anymore. The bank will then sell the lenders stuff, such as their house, as compensation.

It could really go either way, depending on the fixture. I would personally say that it's like blinds, the refrigerator, etc., meaning you need to specify if it's staying or going. I would clearly state what's included in any of the sellers disclosures.

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.

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

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.

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.