If the institute that financed my home should go bankrupt,whould I loose my home as a result of that?

miss m asked: If I purchase a home if the institute that originally financed my home should go bankrupt can they put a lien on my home , and eventually would my home go into foreclosure? Is this true?

What will be the difference between buying a foreclosure vs. a low priced realtor listed home?

Paris P asked: I am exploring housing options for the near future, looking to buy my first house and willing to fix it up in order to sell in 3-5 years. I would be living in the house as I fixed it up as well. Is there any differences in buying foreclosed or pre-foreclosed houses [...]

Is the HOPE hotline for foreclosure prevention the best number to call if I am facing foreclosure?

Dr. James asked: The HOPE hotline for foreclosure prevention gets 10,000 calls a day. Being bank sponsored can they really provide service that is in the best interest of the home owners / consumers ?

What’s the difference between bank foreclosure and homeowner’s association foreclosure?

In_trouble asked: 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.

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

BlackDahlia asked: 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?

How will a foreclosure work with a second mortgage?

Missi B asked: 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?

What is a good computer program for keeping track of my real estate (rental homes) financespersonal finance?

Dude111727 asked: I have an investment home, with more to come, and I would like to keep track of this on my computer. I currently use Quicken 2007 for my personal finances. If possible, I would like a program that I can do everything in.

What is the current national foreclosure rate?

Uncle Pennybags asked: 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 [...]

What should a person expect when purchasing a foreclosure home?

babiiprycess asked: How does one deal with a foreclosure? Is the buyer allowed to look inside the house and should one go to bank if interested in buying a foreclosure home.

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

juicyfruit asked: 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 [...]