Question: #1: 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?
- asked by Lovemyfamily
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Question: #2: foreclosure?
does any body know how long it takes to get out of your home in the state of massachusetts when foreclosure begings i am going into proceedings as o 9/15 and i do not have a buyer for my house
- asked by lisa p
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Question: #3: ForeClosure?
me and my husband got a leter saying foreclosure and we dont know what it is are we going to lose our home??
- asked by hii
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Question: #4: Foreclosure: What income determines what type of loan modification program you qualify for?
My relative is in foreclosure. He's been in contact with the lender and is trying to work out a modification. They ask about income, rental property, all expenses, etc, then determine what type of program you qualify for. What determines which plan? They have said that he may not qualify for any based on his income. Is there a certain calculator they use or a certain percentage?
- asked by noluck
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Question: #5: where can we find help for foreclosures issues? And what is Obama doing to help foreclosurevictims?
My parents recently lost their home to foreclosure and now they are planning to file for bankcrupcy. They recently went to file their taxes and they found out IRS is billing them 52,000 for abandonment even though they have tried for months asking for help from the banks. Need some advise on how i can help guide my parents to the right people to settle the foreclosures.
- asked by Raymond A
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Question: #6: 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 the potential buyer? Thanks.
- asked by juicyfruit
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Question: #7: home foreclosure HELP where do we go and how do we start refinancing?
Wasn't the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process?
- asked by catchi
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Question: #8: 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?
- asked by BlackDahlia
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Question: #9: What's the difference between bank foreclosure and homeowner's association foreclosure?
My sister is already facing bank foreclosure but she also just got a letter saying that she will be facing homeowner's association foreclosure because of unpaid dues. They're filling a lien against her ... I don't understand the difference ... I thought only banks could foreclose.
- asked by In_trouble
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Question: #10: What is the current national foreclosure rate?
I keep seeing in the news that foreclosure's are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it's up to 4% from 3%, that's a dramatic 33% increase, but it also means that there are still 96% of people still paying their mortgages. I just want to know what the real number is.
- asked by Uncle Pennybags
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Question: #11: How does shorting on a foreclosure work?
Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.
- asked by Christopher B
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Question: #12: Did the final version of Foreclosure Act include the $7000 credit for the purchase of a foreclosedhome?
I purchased a foreclosure in June 2008. I know the Foreclosure Prevention Act underwent many revisions. Does anyone know if the final version which the President is expected to sign still includes the provision for the $7000 tax credit for the purchase of owner occupied foreclosed homes? I am not a first time homebuyer.
- asked by Stacey C
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Question: #13: How does foreclosure affect my credit if a divorce follows?
My husband and I are looking at a possible forclosure. He wants to give the house up. I want to keep it. We have enough money to make payments now, but he wont agree to pay the mortgage company. Our relationship is already on very shakey ground and in danger of collapse. My concern is if we split, how will a foreclosure affect my ability to find a place to live, get a job, buy a car, or just get credit? He is the one with the income, I have been a stay-at-home mom for 22 years.
- asked by jen t
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Question: #14: Does having a foreclosure and not paying your property taxes affect US citizenship application?
I have not been able to pay my house for the past six months, it went into foreclosure and know I got to pay Property Taxes but I dont have the money either. Could all of this affexct my ability to get my citizenship.
- asked by Jorge L
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Question: #15: How long after foreclosure before you receive a 1099?
My house was foreclosed on in October 2009 in Maryland. At the foreclosure sell at the court house there were no bids on the house. I received papers from the court ratifying foreclosure in December 2009. The lender listed the property with a real-estate agent in October and sold the house. The new owners closed on the property January 19, 2010. How long after the foreclosure before I receive a 1099?
- asked by J M
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Question: #16: How will a foreclosure work with a second mortgage?
Mortgage company put us into foreclosure on the 1st because of being behind in the escrow but there is a second on the house, with the same company. How does that work?
- asked by Missi B
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Question: #17: What happens to other leins when foreclosure occurs?
My house in California is currently in foreclosure. I have a 1st and a 2nd mortgage as well as a 3rd, seller note. What happens at the foreclosure auction? What happens if there isn't enough funds to pay off the leins? What if any steps should I take?
- asked by Wondering
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Question: #18: How does one get an apartment after a foreclosure?
My friend is letting her house go to foreclosure & will need to rent an apartment. She is currently only 30 days delinquent. How do apartment management companies view foreclosures? Should she apply for an apartment now, knowing that she will not move in for a couple of months? *** Please note that I am not looking for advice on how to keep the home or to get her out of the foreclosure. All options have been considered. Please give advice on how to proceed to obtaining her next housing. Thanks!
- asked by LoveMyKids!
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Question: #19: How long does the foreclosure process take in New Jersey?
I was wondering how long it takes for a house to go though the foreclosure process, through to the sale date. One site said 270 days from moment of notice to sale date.
- asked by Fire and Ice
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Question: #20: How does a home foreclosure process work?
If someone with an A paper loan goes into foreclosure because their home is worth less than half the value of the mortgage therefore bank does not approve short sale, and they lost their job, how does the process work? This would be for CA. And how long does it stay on the credit report and would existing credit card rates go up?
- asked by Icecream
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Question: #21: How much will a foreclosure in your block affect the value of your home?
We moved into a nice maintenance free senior citizen town house complex six months ago and now one of the units is in foreclosure.It took all of our savings and sell of the old house to buy this unit.How much money can we expect to loose?
- asked by mackie
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Question: #22: How bad is a foreclosure on your credit and how can I best avoid it?
I am not in foreclosure yet, but I recently lost my position and we have very little savings so I don't know that I will be able to save my house. We just got into our home in July and then my company lost a major account and I was out of work. I am doing sales now, but that is commission based and slow to pay. I have no equity in my home per se, and i live in California. I guess I'm wondering with the market the way it is, it might be better to walk away and try again in a few years.
- asked by Donald B
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Question: #23: How does this work if one bank starts a foreclosure then sells to another bank beforeforeclosure is complete?
I have a mortgage with one bank and could not pay so the bank started foreclosure proceedings. The foreclosure is not completed yet so does the new bank have to start all over and file all over again?
- asked by kelly2sxy
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Question: #24: How would foreclosure effect my spouse's credit whose name is not on the mortgage?
My business was severely impacted by the economy, and I'm now facing foreclosure. When we signed our mortgage, my name was the only one recorded. How would the foreclosure effect my spouse's credit. We live in California if that matters. Your answers will be most apppreciated.
- asked by Jack D
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Question: #25: How can I find out if a house is undergoing foreclosure?
I'm suspicious that our house is undergoing foreclosure, but I can't prove it. I live in the state of California, but how can I find out whether or not a house is in foreclosure, or about to enter foreclosure?'m suspicious that our house is undergoing foreclosure, but I can't prove it. I live in the state of California, but how can I find out whether or not a house is in foreclosure, or about to enter foreclosure?I guess I should have clarified: I'm a renter, so I have no clue what's going on with this house.
- asked by jtkestrel
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Question: #26: What does foreclosure mean for my taxes?
A property that I am a co-signer on is going into foreclosure. In a question I asked previously regarding this matter, someone pointed out that I will be sent a 1099-c form. What exactly does this mean? If the house is sold at auction will I owe taxes on the amount the house sells for or the amount that was owed or, if the house does not sell for enough, will I owe taxes on the amount not paid?If we can sell the house before the foreclosure is complete, how does that impact the situation? I'm so confused.And please, no posts about your tax or loan company. I will report it as abuse.
- asked by blavelin
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Question: #27: Can a foreclosure affect my ability to attain security related employment down the road?
Im in the midst of a possible foreclosure, wondering if this type of mark on my credit report could affect my ability to attain high level security employment? Ive heard some of the better positions require credit checks; could a foreclosure be considered unethical and degrading to ones character when being considered as a candidate for a position as a security director or similar corporate position?
- asked by Brad B
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Question: #28: What the the financial tax differences between a foreclosure and a short sale in California?
What taxes will I have to pay in California if I go into foreclosure? I am wondering if it's cheaper to do a short sale or a foreclosure.
- asked by Mr. and Mrs. M
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Question: #29: 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?
- asked by stimpy6298
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Question: #30: How do I learn about foreclosure auctions in my ares and the specification of what is beingoffered??
As I understand it, there are plenty of homes going into foreclosure right now. I just don't know how to find out about them. I live in Jacksonville, FL. Thanks!Any advice is welcome.
- asked by pinky
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