Will you be notified about a foreclosure if you are on the title but not on the note?
Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.
Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.
Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.
Yes. The lender will check the title and if you have acquired an interest since the mortgage was granted you should receive notice.
Does a house go into foreclosure for lack of homeowner payments?
At the discretion of the lender, a house can be foreclosed after a period of missing payments.
What is a nonrecoverable attorney fee for foreclosure?
A non-recoverable attorney fee in foreclosure is a fee for work performed by the attorney (usually the bank's attorney) that the bank has to pay for but cannot pass on to the mortgagor.
What does it mean when in a foreclosure an order recalling sheriff sale is issued?
When an order recalling sheriff sale is issued in a foreclosure, it means that the sale of the property by the sheriff has been halted or canceled. This could occur for various reasons, such as a legal error, settlement negotiations, or a successful challenge to the foreclosure. The order recalls the sale and typically returns ownership of the property back to the borrower.
How long do you have after foreclosure to move out?
It depends upon the terms of your lending/mortgage contract and the laws of the state in which the property is located.
The simplest way to find out is to contact your mortgage holder.
What happens if your house is in trust and goes to foreclosure?
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
Would filing chapter 7 bankruptcy clear foreclosure from your credit report?
No, in fact it will leave a Bankruptcy record on your credit report for 10 years.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
How is the sales process divided?
Prospecting, preparation, the approach, the presentation, handling objections, closing the sale, and the follow-up
How to list REO's and foreclosures for banks?
Asset management companies handle the disposition of the REOs for the banks (also referred to as 'servicers'.)
When an asset management company has an asset to assign to an agent this is the process they use:
1) What agents do we have in our system who sell in the geographic area where the asset (REO) is located?
2) What is this agents track record with our company..have we used this agent before, did they do a good job?
3) What education of designations does this agent have? If the asset managers are choosing between agent A and agent B and agent A has more recognized education A Will get the listing. In the REO/ BPO industry the RSD Designation from Harris Real Estate University was suggested to me.
Did domestic sugar sales fall in 2002?
Between 1999 and 2003, domestic sugar sales fell from 10.11 million short tons in 1999 to 9.67 million short tons
What happens if when cosigned mortgage loan goes into foreclosure?
The foreclosure is reported under the names of the primary borrower and the co-signer. The co-signer is equally responsible for paying the loan.
What is the difference between pre foreclosure and foreclosure?
Pre-foreclosures occur when homeowners are in arrears on their mortgage payments. The pre-foreclosure period is, in effect, a grace period warning a homeowner that foreclosure is the next step if the mortgage is not caught up.
Foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.
A detached home is a single building, they share no internal party walls with another property. They typically have front, back, and side yards and are more expensive than terraced (town houses) or semi detached homes.
What happens during a foreclosure to the other homes around it?
When homes start to forclose, the homes around it loose value only if a lot are being forclosed
Does homeowner insurance pay if your house burns down while in foreclosure?
No, Not to the homeowner, because the bank or morgtage company actually owns the house even if it was not in forclosure. Read your morgtage and insurance paperwork, you do not own it at all until it is paid in full.
Generally, yes. If the town 'annexed' the roads they become public and must be maintained by the town.
When your house goes into foreclosures how soon do you have to move out?
You must have your possessions removed prior to the foreclosure sale. Once the property is sold you have no right to be there.
Can lender pursue deficiency judgment for the difference after a short sale?
Some states allow deficiency judgments after the short sale. Some states allow deficiency judgments after repossession or foreclosure. Each state has its own rules.
When in bankruptcy and bank wants to foreclose on your house what can you do?
If you're officially in bankruptcy, that puts a temporary hold on foreclosure proceedings. It doesn't matter what the bank wants, by law they have to wait with all your other creditors while the bankruptcy court sorts out who's going to get paid and how much.
Can you sublet your condo after a home loan modification?
You can find your answer by contacting your loan modification holder, to verify that renting or leasing your unit is allowed under the terms of your loan modification.
Then, you can contact your board, to verify that your rental or lease falls within their rental-cap guidelines, if there are any.
Sublet, however, implies that you already have a renter who is interested in renting to a third person. If this is the case, make it clear to your loan modification holder and to your association's board.
When is the foreclosure home a property of the bank?
I have a mobile home on my property that the bank is foreclosing on. The property was not in with the bank loan. They had the locks changed on the mobile home but it has been over two months and they have not came and removed it from my property. What can be done to get them to remove this from my property.
How do you make a sentence with the word foreclosure?
The purchaser at the foreclosure sale has only the rights of an assignee
Is it illegal to remove a sign if a house is in foreclosure?
Impossible to answer for sure without knowing the state laws that apply. Usually, the foreclosure auction sign is placed some time before the scheduled time on the day of the sale and removed immediately after. The sign is usually on the sidewalk or roadside, not on the property itself. The auctioneer or a representative of the lawyer's office will be there, place the sign, and welcome any bidders.
If the sign is one put on by the homeowner, whether for business or decoration, the sign may be removed by the homeowner.
Obviously, anyone who does not own the sign may not remove it.
Who do you sue if you were assaulted on a foreclosed property the foreclosed owner or bank who owns?
They aren't responsible, how about the person who told you to be there or the person who assaulted you. Maybe nobody.
The bank is the legal owner of the property. The former owner has no rights to the property and therefore is not liable. But the first person you should sue is the person who assaulted you, unless they assaulted you in relation to trespassing on a foreclosed property, in which case, you have no case. Consult a Lawyer.