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Icecream asked: 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 [...] Christopher B asked: 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. Jess asked: I would like to keep my personal financial details private but want him to still get my business. Perhaps I could have him handle the contract only. mackie asked: 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? jtkestrel asked: 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? LoveMyKids! asked: 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 [...] kelly2sxy asked: 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? Wondering asked: 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? How do I learn about foreclosure auctions in my ares and the specification of what is being offered?pinky asked: 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! Paul H asked: Curious as to the difference between defaulting and foreclosure on a mortage? What are the different things that could happen if you keep one house and need to get rid of another wheather it be defautling or foreclosure? What are both possible outcomes? |
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