"Home foreclosure" refers to the process of a bank or lender taking back a house from someone who hasn't been able to make their mortgage payments, resulting in them losing ownership and having to leave the property.
Full definition
After all, this is what homeowners with mortgage trouble really want to know — how to avoid becoming another statistic by avoiding
home foreclosure in the first place!
The economy has set records for the number
of home foreclosures and late payments for mortgages and such.
With people getting laid off across the country and dealing with or
facing home foreclosures, children are in an especially precarious position when it comes to getting enough food to eat.
In fact, it's a crime in all 50 states to abandon an animal, an issue brought into sharp and painful relief during the ongoing
home foreclosure crisis.
If you wish to obtain mortgage financing on a conventional loan
after home foreclosure, you must wait seven to eight years after the foreclosure completion date.
Civil matters — including legal issues
like home foreclosure, job loss, spousal abuse and parental custody — were not covered by the decision.
Create a means of resolving
home foreclosure issues in a manner similar to Chapter 11, which would lead to more compromises.
The thing to remember here is that your mortgage lender wants to avoid
home foreclosure as much as you want to avoid it.
This is a good indication that mortgage lenders while continue to tighten underwriting guidelines while
home foreclosures continue to mount.
If you're filing for bankruptcy and going
through home foreclosure at the same time, you may not need to worry about additional tax liability.
Understanding the foreclosure process in is an important part of navigating your
own home foreclosure.
These are the two most common ways to avoid
home foreclosure when the homeowner's financial problems are only temporary.
And if they made no provisions for making the higher payment the homeowners
risk home foreclosure and badly damaged credit as well.
An equal concern is that there is no link between removing «toxic assets» from bank balance sheets and avoiding large -
scale home foreclosures and loan defaults.
A spike in
home foreclosures tied to the subprime mortgage meltdown in 2007 has led to a crisis of confidence in the bond markets and slowed lending activity.
The experience
of home foreclosure is difficult enough to endure without the headache of being held liable for federal income taxes assessed against the amount of money the forgiven debt represents.
If you are
facing home foreclosure and you have pets, read these tips to help you relocate with your pets or find other safe placement for them.
Being uninsured for long - term illnesses can cause all sorts of financial hardship,
like home foreclosure and bankruptcy.
Amalgamated Bank also conducts educational programs
on home foreclosure prevention and resources for first time homebuyers to successfully achieve home - ownership.
«While the country faces unprecedented
home foreclosure rates, the collusion taking place at these auctions is artificially driving down foreclosed home prices and is lining the pockets of the colluding real estate investors,» said Christine Varney, assistant attorney general in charge of the antitrust division.
In a lopsided victory, the incumbent Sampson — who is accused of with stealing more than $ 400,000 in
home foreclosure sales and tampering with an FBI investigation, among other charges — garnered 3,000 votes more than his closest challenger to take 54.2 percent of the vote in the Democratic primary for the 19th Senate district.
We recently found out that thanks to a settlement from Bank of America, LFW is going to receive approximately $ 6.9 M for the purpose of
home foreclosure prevention and community redevelopment legal aid.
Microsoft on Tuesday began serving up scam warnings with Bing search results for topics such as fixing credit scores or rescue
from home foreclosure that are prime material for online cons.
According to reports there were approximately 9,968
home foreclosure filings reported in Texas during the month of July 2012, this a 5.7 % decline from the same month last year.
Some market watchers buy that line, noting the two firms have used only about a quarter of the US$ 400 billion put at their disposal after Washington seized them in September 2008 due to losses from
rising home foreclosures and falling home values.
Bank of America can help you learn
about home foreclosures with helpful tools, resources and mortgage products that can help make the process of buying a bank foreclosure an easier one.
Prosecutors originally charged the once - powerful Democrat with embezzling funds while acting as a court - appointed referee for
home foreclosure proceedings.
Not so many
with home foreclosures as with other debts, but still, the 982 tends to make the IRS a little nervous.
New home foreclosures in the U.S. rose to a record high in the fourth quarter as borrowers with adjustable - rate loans walked away from properties before their payments increased, the Mortgage Bankers Association said in a March 6 report.
The Milwaukee Common Council will consider a resolution supporting a nationwide moratorium on
home foreclosures because of allegations of improper actions by banks.
«While the country faces
unprecedented home foreclosure rates, the collusion taking place at these auctions is artificially driving down foreclosed home prices,» a government official says about a scam involving bid - rigging at public auctions.
The case has a David and Goliath element, pointing to controversy involving big banks and their role in an
ongoing home foreclosure crisis and a stalled recovery of the feeble real estate market.
We believe the Bush administration will be under increasing pressure in 2007 to argue for a guest worker amnesty as the U.S. middle class begins to experience
increasing home foreclosures in a market where employment in the lower - skilled job categories are increasingly difficult to find.
December 31, 2013 • In the U.S. last month,
home foreclosures fell to the lowest level since the mortgage crisis began eight years ago.
Many home foreclosure experts working on achieving more affordable home loan payments for the struggling homeowners are hopeful that the stimulus package and the Obama mortgage relief bill can make a difference.
If you're among the 35 million American households who rent, here's some good news: the red - hot rental market of the past couple of years — fueled
by home foreclosures, the uncertain housing -LSB-...]
The economy would «borrow its way out of debt,» re-inflating asset prices for real estate, stocks and bonds so as to
deter home foreclosures and the ensuing wipeout of collateral on bank balance sheets.
(CNN)- National Democrats continued their offense against Mitt Romney Friday, knocking the former Massachusetts governor over statements he made about
home foreclosures earlier in the week.
The Times reported Howe's financial scandals included failure to pay back a home equity loan, three
home foreclosure cases, lawsuits filed by home contractors for non-payment and a bank - theft case involving $ 45,000 in phantom funds to which he pleaded guilty in 2010 and was sentenced to one year of probation.