Sentences with phrase «foreclosure actions also»

Your creditors will be notified of the stay, so any wage garnishments or foreclosure actions also will stop.

Not exact matches

The Firm has also committed an additional $ 1.2 billion to foreclosure prevention actions under the settlement, which will be fulfilled through credits given to the Firm for modifications, short sales and other types of borrower relief.

Just as they apply to other real estate property ownership interests, warranty deeds, mortgages, mortgage foreclosure actions, and deeds in lieu of foreclosure also apply to timeshares.

It may prevent or delay foreclosure on a home and repossession of a car and it can also stop wage garnishment and other legal actions creditors use to collect debts, but in the end, there is a price to pay.

There are also programs to buy houses that have been forfeited in a foreclosure action that can be bid on, renovated and lived in for 25 % -50 % less than comparable properties in the same neighborhoods, depending on the city.

They may also take legal actions such as repossession, foreclosure, wage garnishment and many more.

The letter must support the claims of extenuating circumstances; confirm the nature of the event that led to the bankruptcy or «foreclosure - related action» (also known as a short sale in Fannie Mae terminology), and illustrate the borrower had no reasonable options other than to default on his or her financial obligations.

Sean also counsels and represents clients in real property litigation, including landlord - tenant disputes, evictions, foreclosures, and adverse possession actions.

However, these may be more beneficial in the long run for the borrower than an official foreclosure action because it has less of a long - term impact on their credit history (the bank may also waive any deficiency against the borrower).