Foreclosure

Yes, well I can anyhow. A lot of organizations can't. They are a bit harder but they have been and will continue to be dome.

Dont know how to use this forum very well, but here is the rest of my question: If the house gets foreclosed on or can not sell, is the co signer than liable and if so can he come back and sue us for the loan ammount? I hope it sells, but i can not afford this place anymore after losing my job, but if I walk away from it, it won t damage my credit any as my ex has already done that for me.

When did they become a part of bankofameerica

Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?

You are leaving out important information: when was the chapter 13 ended and why did it end?

If the chapter 13 has not been closed or dismissed, the mortgage should not be in foreclosure unless you missed several post-petition payments and the mortgagee got relief from the automatic stay. You cannot have two bankruptcy filings open at the same time.

If the chapter 13 was ended pursuant to a section of the bankruptcy code, you may be able to refile, but you may not have the benefit of the automatic stay.

Consult a local bankruptcy lawyer.

Mortgage lenders provide loans for the purpose of buying real property both with and without existing structures and dwellings.

If it's paid they have no interest however you can still get foreclosed if you are arrears in property taxes:(

Yes as long as you have a travel or work visa.

a realtor

No. The Homestead Act of 1862 provided a means for people to claim land that was ownerless. When you got a mortgage to buy property, someone else owned it. Foreclosure occurs as a result of failure to pay back money that you borrowed. In some cases, a mortgage company may pay you to move (cash for keys) in order to gain control over the property without long delays, but that is not the Homestead Act.

In the United States, foreclosure is covered by state law. There are 50 states in the Union. If your home is about to be foreclosed, you might be able to work out something with the bank. Sometimes, you can sign a quit claim deed and arrange to rent your house a few months until it is sold or something. It is best to act before the sheriff's deputy comes by and throws you and your furniture out on the front lawn.

Yes, but it sounds as though you are trying very hard to create a mess for yourself. Briefly, you should end your first relationship legally before beginning a history of debt with someone else.

You should tell your story to your local district attorney ASAP. You should also report it to your state attorney general. You should contact your state representative. This is a criminal matter.

No.

Talking to a tax expert is the best way to determine this. They will be able to answer this and any other questions that you may have about your taxes.

The homeowner has 90 days after the notice of default to pay all of the arrears. After the 90 days have passed he has 21 days to pay in full, before the sale.

Yes, by paying all the money you own and the bank's costs up to that point. In a few states, you have a statutory period of time even after the sale during which you can reclaim the property by paying up.

Until a foreclosure sale takes place, the owner is entitled to rent payments. His relationship with the bank has nothing to do with the tenants.

toilet

You'd need to check your local laws, since it's not the same everywhere; don't rely on the following information being correct for your location.

Generally speaking:

You should get a notice telling you the date on which the house will be sold (this will probably be called a Trustees' Sale or something like that). After that occurs, you'll receive a notice that it has been sold and specifying a date by which you must vacate the property. That date may vary depending on whether the people living in the house were the former owners themselves or someone renting the property from the former owners; the notice will probably give both dates if there is a difference.

If you do not voluntarily leave by the date specified, then you can be evicted. How long the eviction process itself takes can vary. The new owners may offer you an inducement to leave nicely, like "If you turn over the property in good condition within a week, we'll give you two hundred dollars." (This is usually called "Cash for keys", and if you do get such an offer, it will probably be considerably lower than the new owners are willing to go; you can probably negotiate for either more time or more money or both as long as you're reasonable.)

An eviction on your record looks very bad to prospective landlords, so you really want to avoid that if possible.

I will be a hearing on Tuesday, 10/23 for a Strict Foreclosure. Once granted, how long will I have to get out of the home?

You find out who in the lender's organization is responsible for placing the property with a broker and attempt to make an offer. If the property is foreclosed and the borrower's liability has not already been settled somehow, the lender will most likely decline until the property is listed with a broker because even though the borrower lost ownership and owes money on its loan, the lender still has the responsibility (having taken the route of foreclosure) to place the property with a broker and attempt to get the best prices in the open marketplace, to help mitigate its own loss and the borrower's liability on the loan. Since your offer may or may not be the best one or as good as the open market would bring in, the lender is at risk for accepting an offer than may cause the borrower liability that might be reduced if the property was listed in the open market.

Lowered by the amount owed or by a lower interest rate? For lowering your rate, you can either refinance or modify your mortgage(s). If you have equity in your home, you might be able to combine your first and second mortgage for an overall lower rate. There are some no-cost mortgage loan refinances available, but you have to shop around for them. For lowering the amount owed to the bank or balance of the loan, check for "hardest hit" in your state or county for forgivable mortgages by the government or set your payments up on an accelerated payment plan.

Important factor for bad credit second mortgage loan is the closing cost. These costs are normally less than the closing costs which are attached with the initial mortgage loan. Apart from the closing cost and due, few lenders also charge upfront cost which represent total percent debt. The borrower also pays point for decreasing the total interest of the loan amount. Thus it's important to collect knowledge about all the above points before availing second mortgage loan; this would help the borrower to get much lower rates.