I saw this bill about a year ago. There was a lot of details in the article. I found it on AOL. The bill provides a way for people to avoid foreclosure and at the same time assist banks from suffering the negative shortcomings of foreclosed properties. Does anyone have any [...]
This might be "far fetched" since a seller with any equity would be better selling short.
But assume someone has a significant amount of equity in their home and just can’t sell it to anyone.
They can’t make the payments anymore and so the bank does what they do.
If they are lucky enough to make a profit [...]
Do they just want what is owed on the mortgage? Or are they looking to make a profit?
Is it what is owed on the mortgage? Or are the interested in making a profit. I’m just wondering b.c. I’m thinking of buying a foreclosue.
Would banks rather have an offer in cash or would they rather have a higher offer made by loan?
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.
I don’t want to hear from the scare mongers. We are a young family who have had income fluctuations of no fault of our own. Our mortgage is 00 per month. Daycare costs, etc, are driving us to the brink.
Will banks really work with you? What can we do? [...]
After how many missed payments do they initiate the foreclosure process? How long does the whole process take? Interested in how they compare with other banks. Thanks
Quality control is lacking big time, how can they not see this?