Posts tagged foreclose

Can a bank foreclose on a home equity loan after ch.7 bankruptcy, or just lien my property?

4
1 year ago
by admin in

Question : Can a bank foreclose on a home equity loan after ch.7 bankruptcy, or just lien my property? As part of my re-grouping process, I need to know if the bank would take the property if I can’t pay for a time, or if they could only lien it. There are no other loans on the property, and it is a rental that is temporarily empty. Also, would the lein continue to grow with interest, etc.? bankruptcy equity home loan

Best answer:

Answer by Doctor Dethdidn’t you include teh HOE loan or your primary mortgage in your Bankruptcy filing?

doesn’t matter what you did – if you don;t pay, you lose More >

Should I foreclose? short sale? pls help!!?

4
1 year ago
by admin in

Question : Should I foreclose? short sale? pls help!!? I guess im one of the millions who dreamt of owning their own home, I bought this house abt 3 yrs ago, hoping i could build equity and put it on sale. But i used the equity to pay off my debts for a lower interest rate. Now my house is undervalued at about 35-50K. Im not saving any money. I feel like i should walk away. But if I do, what happens to my equity loan? What are my consequences besides bad credit rating? I live here in illinois i am the only person on the mortgage. will this affect my husband credit rating too? i have More >

Can a builder who carried an owner contract actually “foreclose” if I am willing to give up the house?

1
1 year ago
by admin in

Question : Can a builder who carried an owner contract actually “foreclose” if I am willing to give up the house? The builder of my home carried a contract for me for a period of one year beginning November 1, 2007. At the end of that one-year period, the house was to be refinanced. My house is on a cul-de-sac that had eight new homes on it, mine being the first one sold (and the smallest of the eight). Subsequently, the housing market dropped and two of the other homes (almost 500 square feet larger than mine) were sold for less than I paid for my home. Due to that fact, my home will not More >

Personal Financial Advice : How to Foreclose on a Second Mortgage

0
1 year ago
by admin in

Foreclosure on a second mortgage occurs after a period of missed payments, and it supersedes the first mortgage company’s interests. Understand how second mortgages work withinformation from a registered financial consultant in this free video on personal finance. Expert: Patrick Munro Contact: www. northstarnavigator. com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC

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