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Foreclosure

The process by which the holder of a mortgage sells a property after the debtor defaults on their loan for it

2,433 Questions

Is there a law regarding condo fees I live in a four-unit condo One of the members has not paid his condo fee for 7 months?

Yes, and the law is a local state law, plus the governing documents under which the association operates the property.

Read your governing documents and follow the guidelines there to collect the past-due assessments.

You are married to a guy a little younger then you he never takes you to his parents house for barbecues he never takes you to hang out with his friends even if they are couples why is he so secretive?

Hopefully you met these people before the marriage, if not that would have been your first clue to a problem. If you have met them and he doesnt take you with him when he goes, maybe that is not where he is going. If he refuses to take you when he goes, then there is definitely something wrong. Do you have anyone's phone number when he does go to these places and call to see if he is there. This is strange, because he should be proud to have you by his side and show the unity between the two of you. YOu need to ask this and get a straight answer, if it doesnt change, you may need to reevaluate your marriage, this is not how it should be.

How do you buy foreclosure house?

I will answer the question in point form:-

# Identify a foreclosure # Study the foreclosure # Get yourself prepared with financing # Contact an agent # Make an offer. It's important to research the historical prices. Also be sure to check on IRS liens and other liabilities. If a home is in foreclosure, it probably means the owner has other financial issues.

Lets take this matter into our own hands. If you are facing foreclosure, let us know. if you want to be notified about foreclosures in your area, lets us know.

The National Foreclosure Alert Project is a grass-roots organization dedicated to 'getting the market moving'.

You can help:

http://yovia.com/blogs/foreclosureproject/2009/07/24/lets-get-real-estate-moving-again/

In Ontario can a teenager leave home without having to go to court?

Yes, a teenager has the right to withdraw from their parent's support and control, at age sixteen. If the child withdraws, they no longer have any legal claim to support from their parents except in special situations. These include being forced to leave home, or where abuse has resulted in the child leaving home.

Under the circumstances of abuse or being "kicked out", a person may be entitled to support from their parents, to the best of the parent's ability to pay. They may also be entitled to support from Ontario Works, in special circumstances.

The full details are in the Children's Law Reform Act, Ontario Family Law Act, and the Child and Family Services Act.

For a full listing of Ontario age-based rights, please see this site which has proven useful to me.

http://jfcy.org/

Our house is being foreclosed in Michigan can other property owned with a tenancy in common with family members free and clear have a lien put on it as a result of our foreclosure?

Yes, it is not unusual for a lender to seek additional security, in the form of a lien on other land or personal property, once you're in default on the original agreement. If the auction goes badly, they don't want to be left without payment of the outstanding balance. As a tenant in common, you have a separate ownership interest that can be attached and liquidated.

How common are deficiency judgments in Florida?

Deficiency judgments are fairly common everywhere on large houses. The more the amount you owe on a house, the more you are likely to have a judgment filed against you.

Only one spouse on mortgage are both responsible for foreclosure?

No. Both may be on the deed which means that you have rights to the property. However, if there is only one on the mortgage; meaning they are the only one that signed the promissory note, then they are the only ones who will be responsible. So long as you are not on the note to the mortgage, then you have no responsibility for the debt.

If the deed of the house is in your husbands and your name and you are paying the original owners mortgage what are your legal rights to the home?

You and your husband are the legal owners of the property but it is subject to the mortgage. If you default on the mortgage payments the bank can take possession of the property by foreclosure.

How long can you live in a foreclosed home in Michigan?

Michigan allows a 6-month redemption period after the house goes to Sheriff's Sale, also known as foreclosure auction. The owner of the foreclosed house can continue to live in the house during that time. At the end of the six-month period, the bank expects the owner to move out and will serve an eviction notice if the owner is still in the house.

Can a house be foreclosed on in a person's name who is not on mortgage but property is quick claimed to them and they quick claim property back into estate of deceased person name before foreclosure?

A mortgage in default can be foreclosed no matter how many times you quitclaim it around the family. Every person who receives the property by a quitclaim deed takes it subject to the mortgage. You may slow down the process a little and add to the costs of the foreclosure but the foreclosure rides on the person who had title at the time of the mortgage. THEY gave an interest in the property to the bank in exchange for cash. If the cash was not paid back the bank is going to take possession of the property. Subsequent owners only need to be given notice of the proceeding.

What is the Government Notified Sale Normal Sale in Australia?

The Government Notified Sale Normal in Australia means that you will be notified when to move after the government's property that you are currently residing in has been sold.

How to find condemned homes for sale?

You can find it with the help of a good Real estate, according to your need and budget. The real estate company has more knowledge about homes and their rate, they will find the best home for you in a very less time and give you many options. You can find many good homes for sale in Mobile Al.

The sheriff has scheduled my home for a sale. Will filing bankruptcy chapter 7 stop this process?

generally filing for bankruptcy puts a stay on the collection of debts, including a foreclosure. get in touch with a bankruptcy atty asap, because there are things you are required to do before filing.

Can rent a home i own and still collect ssi?

You can rent a home and still collect social security money. Social security money is meant to be a subsidy and not your only source of income.

What are the laws regarding reposition after bankruptcy?

can they send a police to my house to repo my car? can they send a police to my house to repo my car?

Will a minor in possession of alcohol affect getting a job?

A driving while impaired conviction does go on your permanent record. And it can affect your employability (but not always). Employment that involves driving, or that require that you be able to drive to and from work, and jobs that require you to be bondable, or to have security clearances, would be pretty much be unavailable to you, while flipping burgers or similar type employment will mostly not care about your drinking and driving history.

What happens specifically after a motion to release is filed by mortgage company we can pay to current. Will the mortgage company force a borrower into foreclosure Payment was not accepted by CSR?

I suspect this is one of those your gonna have to make it happen.

Really, especially under the market of today, a bank doesn't want to own your property and record another foreclosure....if you have the money to pay to current, I would think not only should they have to accept it...but who cares...they probably want to...and get you back in the "performing asset" category! Don't accept no for an answer...but really...I can't see that they would say no to the money.

What must a wrongful taker of property do to avoid legal responsibility for having specific intent to deprive the owner permanently of his property?

If the property taken, in anyway encroached on your civil rights, and you had warned the owner of this the property can be taken. Also if the property could be deemed abandoned, or deserted, it could be taken if its abandonment had been registered with the judicial system ( i.e. An abandoned car must be reported to the Highway Patrol or Sheriffs offices, and designated a time of claim, in which if the owner did not respond the car could be taken, or auctioned off by the county).

ANOTHER VIEW: The questioner starts off by clearly stating that he wrongfully took the property. If he knew it was wrong yet he took it anyway, he has completed the only two necessary steps to commit a crime. A criminal actaccompanied by a criminal intent. There is no way he can later plead ignorance.

What is a good riddle to tell your friend?

i start with c and end in i, i can be either cold or hot. (the answer is chilli) in case u didnt kno xx

What is Arkansas law on manufacture of alcohol?

It is not Arkansas that has any say in the matter. The manufacture of alcohol is under the control of the FEDERAL authorities. The Bureau of Alcohol, Tobacco, and FIrearms (BATF).

What is the redemption period for each 50 states?

You can review the state listing at the following link. However, you should check any state of interest to you for any updates not included on the listing.

http://www.realtytrac.com/real-estate-guides/foreclosure-laws/