Archive for the 'property repossession' Category

What are the different stages of foreclosure, and what do they mean?

I’m interested in buying a home in foreclosure, but I don’t know what the different stages are or what they mean. I’ve seen “notice of default”, “real estate owned”, “notice of foreclosure sale”, and “pre-foreclosure.” Can someone please tell me the stages (from beginning to end) and what that means to me as [...]

What happens to the mortgage after the foreclosure?

If proceeds from the foreclosure sale is insufficient would I still owe the difference and have to pay it back?Quick Property Sale

How can we find out if a foreclosure of our FL home will have a deficiency judgment?

We rent out the house and live in another state. We are concerned about what the mortgage company would be able to take from us other than the house if a foreclosure happens?
For example: bank accounts, paychecks, future annuity payments, or any thing else owned?
We are not financially able to continue making payments [...]

What are major consumer concerns about the nationwide foreclosure crisis?

How are homeowners looking to avoid foreclosure? And how are investors looking to take advantage?Sell and Rent Back

What’s the difference between a regular foreclosure and an REO foreclosure?

I’ve been looking up foreclosures at the county office to buy a foreclosure (the ones about to be auctioned). Someone said I should be looking at REO foreclosures. What’s the difference, and how do I buy one and or get info on these?Sell and Rent Back

What options are available to avoid foreclosure?

I have a relative that can no longer pay for a high mortgage payment, what options are available to avoid foreclosure? The house has been on the market for nine months but no buyers.Rent Back Fast

How do I search for foreclosure homes without having to pay?

I am trying to google foreclosure homes in my area of Evansville, IN and every site that I come to wants me to become a member and pay to view the information. I know there has to be an easier way to search for these properties. Any ideas?Quick Property Sale

Foreclosure?

How long does it take for a person to be evicted from a home that has gone into foreclosure? And are there any precautions one must take if this is the ONLY option?Real Estate Professionals

How fast can I make my mortgage company foreclosure on my house?

I havent missed a payment yet but I am planning on moving within 4 months.I will let the house go with March being my last payment.Is there anyway I can help my mortgage company expedite the foreclosure? This is probably a strange question but I would like to know if it is possible to get [...]

What happens to a second mortgage when a home is purchased at a foreclosure auction?

I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that [...]