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accountantwmp asked: I am thinking about buying a much cheaper place and letting my current place get foreclosed to the bank. I know my credit would be damage, but can the purchase of a cheaper place get forced into foreclosure as well. What bad things would happen to me if I do such [...] jedihush asked: 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 [...] kitcat asked: Is there a way to find homes that are currently in foreclosure prior to auction? Jessica G asked: I live in Georgia and I have been receiving letters for my landlord from lawyers. I am suspecting that my home may be at risk of foreclosure. My landlord has told us nothing and I am worried that I may lose the house I am renting. Having no time to prepare and [...] needanid00 asked: When a lender is selling a foreclosure are they just asking what is owed? Or are they asking for the home value to make extra money? Happy asked: I’m in the process of buying a foreclosure home (Saratoga,CA, can’t transfer the insurance since it has already lapsed) that has a detached unpermitted cottage (2 bedrooms, kitchen, bathroom and living room total of 900 sq ft), the main home also has a unpermitted converted garage that is used as a in law [...] The Jeffrey asked: I’m trying to get a rough idea of how much of a discount there is to fair market value for a public foreclosure auction. I know there is a lot of variables, but just looking for a rough range. 60-80%? If it helps, I have a house in mind, it zillow’s at 300k, [...] thecoxons asked: My question is how long afer bankruptcy and foreclosure before one is able to get a new home? Is it 3 years for foreclosure and 2 years for bankpruptcy? coral asked: We have a rental property that we can no longer afford payments. If it goes into foreclosure, will they come after our wages or make us do a 1099? We do not want to do a short sale. sweetsnuz asked: If the house next door went into foreclosure and then sold for a much lower price than it was originally valued at, does the value of my house go down as well? If so, is this a problem if I am not planning on selling in the near future? |
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