Foreclosure

Liens are not 'wiped out': liens are paid.

When the foreclosed property is sold, the lien may be paid from the proceeds, depending on its priority and the amount earned from the sale.

A bank can look at someone's direct deposit for their salary and do a calculation for an approximate of how much they make a year. They can further this by calculating their average expenses and work that total together.

If he no longer owns the house, he isn't the landlord. This is, of course, unless he is hired by the owner to manage the home and its residents.

When you buy a house, you just need to pay one lump sum. There will be no additional charges unlike renting a house which may eventually be more expensive than buying a house alltogether. Also, when you buy a house, you can redecorate freely rather thn waiting for the Landlord giving you permission

If you want to stop foreclosure on your home your best bet is to call the company you have a mortgage through and ask them if there is any type of payment plan they can work out with you.

Indianapolis has a fairly high foreclosure rate. As of first quarter 2011 the rate was about 1 in 500 homes. That's one of the highest rates in the country.

That depends on what type of situation you are in, it is best to ask your financial institution or financial planner before you move ahead with such a major choice.

To create your own foreclosure list, you can start by researching online for properties in foreclosure. Look for legal notices in local newspapers, check government websites, or visit the county clerk's office to find information on upcoming auctions. You can also consider working with a real estate agent who specializes in distressed properties to help you compile a list of potential foreclosure opportunities.

A list of foreclosed homes is easy to understand. It will provide you the address and contact information for homes that have been foreclosed on. If the homes are for sale, the list will indicate what the bank is asking for the home.

Yes, sometimes farm auctions can include foreclosures. You would need to check with the auction host to see what is available at a particular auction to be sure.

There are so many catches to buying a bank foreclosure house.The bank sets the price which may not be fair. If there are other people bidding on this property sometime you will have to wait months to hear if you were the highest bidder.

Depending on where you live, you can find a lot of bank foreclosed homes that should fit any budget. A lot of the time they have them in your local newspaper. Or, if you have a bank that you go to, I'm sure they could give you a list of local foreclosed homes for you to look at.

Typically on a short sale, the bank will expect you to pay the difference between the loan balance and the price that the house sells for. So if you stop making payments, you'll still owe all that money plus interest plus penalties. If money is tight (and it probably is) I'd suggest that you make a partial payment, like maybe half of your normal payment, so that the loan doesn't get delinquent and take you into foreclosure.

No. But, it may be in your favor to do both. Check with a lawyer.

Your mortgage must be paid unless you have arranged for some type of mortgage insurance.

Your mortgage must be paid unless you have arranged for some type of mortgage insurance.

Your mortgage must be paid unless you have arranged for some type of mortgage insurance.

Your mortgage must be paid unless you have arranged for some type of mortgage insurance.

In most cases, foreclosure action is suspended until the BK is ruled upon either by discharge or dismissal.

The mortgage holder may request a stay from BK proceedings, if it is granted the foreclosure process as defined by the laws of the state in which the residence is located will continue.

usually the US and that country had a battle at some point or fought on their land and they decided to trade with the US and they probably dont like each other but they are still trading "buddies". The US gets along with other countries because they have an understanding of what we are capable of. Plus we always are helping other countries which results in getting their respect(sometimes, some countries are selfish). But what binds us most of all to other countries is that they know they are safe as long as the usa is around

Mortgages can be written with a lot of different terms and laws, especially real-estate laws, vary greatly state to state. State law also dictates the actual process of foreclosure.

Foreclosure doesn't happen when you miss x number of payments. Foreclosure is the legal process of the bank or lender trying to take away your legal right to lay claim to any equity you have accumulated in your home. They do this so that, if and when they have to repossess your home, they don't have any problems trying to sell if because you still have a financial claim to the property.

Foreclosure happens when you default and a bank decides they need to foreclose so they can then evict you and resell the house. If you are missing payments on your mortgage, you need to talk to your bank/lender and talk about what's going on. Banks do not like to have to go through all the work to foreclose, evict, and sell a home. But, if you are missing payments, you need to talk to someone to figure out what the options are and which option is best for you.

pledged loan -- A mortgage loan that has been identified and set aside as security for borrowing by the holder of the mortgage; particularly a loan that has been pledged as security for an advance from a Federal Home Loan Bank.

subprime mortgage crisis

Yes, temporarily. Filing for bankruptcy protects your from collection actions taken by your creditors, including foreclosure during the proceedings.

There are many factors to consider, such as how quickly your FICO score rebounds and lender policy, but generally you may be able to find financing for a home 2 years after a foreclosure.

dimiss the foreclosure action without prejudice and release the lis pendens! what does this means please!

Generally, no. Reverse mortgages do no require mortgage payments so foreclosures are rare. When the borrower dies the heirs have a generous time period to sell the property. If they don't sell it, or if the property is worth less than the mortgage, the lender can foreclose and only the mortgaged property is vulnerable to the foreclosure, not any other property in the estate.

Generally, no. Reverse mortgages do no require mortgage payments so foreclosures are rare. When the borrower dies the heirs have a generous time period to sell the property. If they don't sell it, or if the property is worth less than the mortgage, the lender can foreclose and only the mortgaged property is vulnerable to the foreclosure, not any other property in the estate.

Generally, no. Reverse mortgages do no require mortgage payments so foreclosures are rare. When the borrower dies the heirs have a generous time period to sell the property. If they don't sell it, or if the property is worth less than the mortgage, the lender can foreclose and only the mortgaged property is vulnerable to the foreclosure, not any other property in the estate.

Generally, no. Reverse mortgages do no require mortgage payments so foreclosures are rare. When the borrower dies the heirs have a generous time period to sell the property. If they don't sell it, or if the property is worth less than the mortgage, the lender can foreclose and only the mortgaged property is vulnerable to the foreclosure, not any other property in the estate.