How does foreclosure affect my credit if a divorce follows?

Question: How does foreclosure affect my credit if a divorce follows? My husband and I are looking at a possible foreclosure. 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 [...]

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What does the sale date mean in foreclosure information?

Question: What does the sale date mean in foreclosure information? Answer: In a foreclosure process, there are several notices that you should be aware of. The first notice that you will receive is the foreclosure notice which serves as a sign that your house will undergo foreclosure. After receiving this notice, a court hearing will [...]

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How long does a foreclosure take in Oregon?

Question: How long does a foreclosure take in Oregon? Answer: Usually, a foreclosure takes about 90 to 100 days if it is uncontested. However, if there are disputes or objections, it may take more than a hundred days to complete the foreclosure process. If the home owner is not able to make his payments for [...]

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What happens to HELOC in a foreclosure?

Question: What happens to HELOC in a foreclosure? Answer: In 2008 – 2009, many people from all the economic backgrounds were affected by the recession in the housing industry. As grave as the effects of foreclosure may be, those who acquired HELOC or Home Equity Line of Credit Loan had more problems to deal with. [...]

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Is there anything that can be done after foreclosure to keep your property?

Question: Is there anything that can be done after foreclosure to keep your property? Answer: The foreclosure process starts with your receipt of a foreclosure notice. The way you respond to that notice most likely determines whether you are able to keep your property. There are some lenders who are very willing to work out [...]

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What happens after a foreclosure auction?

Question: What happens after a foreclosure auction? Answer: After the foreclosure auction takes place, there are several steps involved. Firstly, the money from the auction must be distributed to all the parties involves. According to the Foreclosure Workbook by Carla Douglin, the funds are to be dispersed, giving priority to property taxes payments, then mortgages [...]

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What happens after a foreclosure notice?

Question: What happens after a foreclosure notice? Answer: Most of the time, the bank that holds your mortgage will file a court claim once you have received a foreclosure notice. This claim requests the court to permit the bank to completely foreclose on your home or property. You will be given a notice stating the [...]

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What happens after foreclosure in Maryland?

Question: What happens after foreclosure in Maryland? Answer: Many states usually take 90 to 100 days in order to process an uncontested foreclosure. If there are disputes regarding the foreclosure of the home, it would take more than a hundred days. The home undergoing foreclosure is usually sold in a public auction or foreclosure sale. [...]

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How long did YOUR foreclosure process take?

Question: How long did YOUR foreclosure process take? I keep seeing how quickly it CAN happen, but from people I’ve spoken to, it’s taken longer. How long total, did you live in your house until you HAD to be out? Answer: Usually, the whole process begins when a borrower is behind his mortgage payments for [...]

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What is the foreclosure process and how much time does it take?

Question: What is the foreclosure process and how much time does it take? I live in CA. And what about the short sale process, like how long does it take? Answer: A legal foreclosure process begins when the borrower receives a Notice of Default informing him that he is behind his mortgage payments and his [...]

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