Search Results for ‘foreclosure’

My husband recently tried getting prequalified for a home loan and was denied. They said that although his numerical score was fine, the items on his credit report were too bad. One of the items was a foreclosure. They said that it has to be at least 3 years after it was done before he can...

With some information that i just found out over this weekend...it looks like it is inevitable...so i am wondering how long this will take to go through and how long i have to stay in my home before they say we cannot stay any longer...ugh! Thanks for your help!

Just a question... How come some people that go into foreclosure after about 3 or 4 (or more) months and some people get foreclosure "warnings" after 25 days of being late? I only ask because I had a friend whose brother lived in his house for two YEARS after they put him in foreclosure...

My sister has a Chase mortgage and went through a mortgage modification a few months ago. She lives across the country and is secretive about her affairs. She is also a very poor manager of her money and has a gambling history. The house in question is nearby where I live and my mom lives there...

This is mostly fantasy but... If I bought a foreclosed house what are some of the issues I might expect? The two houses I have seen that I might consider have tenants or owners in them. Both houses are from the fifties so I think while structural issues are possible it is fairly unlikely. The...

The back story: One year after we bought our house the payment was raised by almost 400 a month. It wasn't easy but we managed to pay it, that is until my dh got laid off. It didn't take long to burn any savings we had. His time off left us completely and totally broke. He managed to find work...

I signed a quitclaim on the house when I divorced my ex 4 years ago. He couldn't get my name off the mortgage, but I was tracking payments online and he was keeping up until he was thrown in jail for DUI a year ago. He was trying to sell the house at the time. I notified the realtor who was able...

Does anybody know what the time frame is on a foreclosure --- like from the time the 1st payment is missed until a person has to actually be out of the house?

I keep seeing the ads on Trulia and other places to view foreclosures in our area, but am not sure if they are worth it or not. They offer a week's free trial, and then they charge. Does anyone have any experience with these, or have other websites to view for free?

Some of you may remember that I purchased a foreclosure last year We closed the end of Decemeber and started working around the second week in Jan. Needed to get permits new meters house didnot have power for over 2 years and inspections It is 2 1/2 months later and I would say we are 80 percent...

Some of you may remember that I purchased a foreclosure last year We closed the end of Decemeber and started working around the second week in Jan. Needed to get permits new meters house didnot have power for over 2 years and inspections It is 2 1/2 months later and I would say we are 80 percent...

I made the mistake of signing a quit claim when I got divorced 4 years ago. I followed the mortgage online for about a year and my ex paid it faithfully. Since then he's lost his job, car, the house, and I just found out he's in jail for DUI, likely for a long time. The house is up for sale...

Someone in my immediate family is newly laid off and most likely will face foreclosure. She is so scared right now! Are there any ways to get her help? What's the 1st thing she should do? Jobs are scarce, and there's no EF whatsoever. Has anybody had any success on getting helped? Any leads at...

For all that I supposedly know about money and personal finance, I learned this week that there is one thing that I still don’t know. I don’t know what to say to someone whose life is in crisis due to financial problems. Because money is so private, personal and (in this country, at...

This is on behalf of a very close friend of mine. She is renting and has paid her rent on time. She opened a letter addressed to her landlord this morning and found out that she is being evicted June 2nd. She called her landlord and they are refusing to pay her the partial month of rent and...

My wife and I just made an offer to buy our first home. It's a foreclosure and will be having it thoroughly inspected. It's listed at $89900, so I'm figuring the final sale price will be in the mid $80's. Don't worry, we are prepared to walk away if we need to. Comparable homes in the area...

If home buyers were required to pay extra for PMI if they had less than a 20% downpayment, how does this insurance figure into the foreclosure mess? If the buyer defaulted shouldn't the insurance company which issued the PMI pony up? I know that lots of buyers took out 80-10-10 loans. Is the...

Its been a hard couple weeks but things are going ok for the time being. I finally got to speak to the mortgage counselor who has been helping us today. Citi has agreed to let us put the house up for sale. If it hasn't sold in 90 days, they have agreed to let us sign over the deed...

Well, today is the day we meet up with the lawyer that the news station has arranged. The reporter and camera guy are due to show up here at 9am. I'm so nervous. DH also has a doctor appointment today with his neurologist for his MS. He's been feeling really weak and no energy, can't sleep...

Well, we knew it was going to be just a matter of time. We had filled out an application to go thru Loss Mitigation with our mortgage company and never heard a word on it. Just the weekly phone calls from them to see if the situation had changed, etc. I had a couple messages left on the...