Sentences with phrase «home foreclosure cases»

2007 and 2008 were the worst years on record for home foreclosure cases.

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.

Not exact matches

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.

And, in many cases, they end up losing the home to foreclosure, or else having to sell it.

-LSB-...] Last week's S&P / Case - Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the repHome Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the rephome prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the report.

In worst cases, foreclosure means eviction from your home by implacable sheriff's deputies with your possessions hauled to the curbside.

Home equity loans and home equity lines of credit are called second mortgages because they are in second position when it comes to repayment in the case of a foreclosHome equity loans and home equity lines of credit are called second mortgages because they are in second position when it comes to repayment in the case of a forecloshome equity lines of credit are called second mortgages because they are in second position when it comes to repayment in the case of a foreclosure.

Plan for unforeseen situations in addition to the routine costs of home ownership and you are likely to avoid foreclosure or bankruptcy in case of emergencies.

And, in many cases, they end up losing the home to foreclosure, or else having to sell it.

As has been the case in recent years, the year - on - year uptick in prices indicates fewer distressed properties on the market; these properties, foreclosures and short sales, are where the home sells for less than is owed on the mortgage, and typically drag down median prices.

They lost their home to foreclosure but had gotten a cash return on their income tax, which caused them to be an asset case.

If you do short sales then you know it can not be about the money... I am spending ours helping people avoid foreclosure on their home and in many cases eleminating any future liabilty.

If you plan on putting less than 20 percent down on a home purchase you will be required to carry mortgage insurance to guarantee the loan will be paid off in case of foreclosure.

The mortgage mess also resulted in many bankruptcy matters, especially Chapter 13 cases, as home owners used the bankruptcy court as a mechanism to save their homes from foreclosure and to eliminate any excess debt.

In the case of a home, the lender will now continue with the foreclosure process.

In many cases, this deficiency judgment is a tough pill to swallow for the borrower who just lost their home and yet still owes their lender after foreclosure.

For example, converting your case might make sense if you have fallen behind on mortgage payments, and risk losing your home to foreclosure.

This is not only limited to the sale of homes in a conventional sense where realtors are negotiating on behalf of their clients, it happens in foreclosure cases, as well.

Ms. Harrop cites a case involving a Colorado borrower who had met FHA's minimum down payment requirement of 3.5 % and who qualified for a home loan with blemished credit including a «recent» bankruptcy and home foreclosure.

If the home is foreclosed HUD will eat the loss in either case and the local neighborhood will have one more foreclosure on the books that hold's down area home values.

When the home is sold or foreclosure upon (in the case of a default), the first mortgage lien holder is paid first and the second mortgage lien holder is paid later.

More specifically, locating a foreclosed home depends on where exactly it is in the foreclosure process: Properties can still be owned by the original homeowner (in the earlier stages, in case of pre-foreclosure and short sale properties), or by an entity such as a bank or the government (in the later ones).

but just as a side note, I don't know all of your particular situations but in many cases an extra income of $ 500 to $ 750 per month can save the home from foreclosure.

If you fail to make your mortgage payment on time, a creditor may repossess the collateral you've put up for your debt (in this case, your home) in a foreclosure.

Government initiatives to stem the country's mounting foreclosures are hampered because banks and other lenders in many cases have more financial incentive to let borrowers lose their homes than to work out settlements, some economists have concluded.

There have been several cases pop up where landlords pocket the monthly payment and the home ends up in foreclosure.

Mortgage foreclosure is considered a form of collection, so the foreclosure of your home may be prevented for the duration of your Chapter 13 case.

In most cases, particularly in the current scene in which thousands of people are facing foreclosure, you will not lose your home or any other personal possessions.

Civil legal aid helps people to overcome the pressing legal problems of everyday life — home foreclosures; evictions and landlord tenant disputes; divorce and child custody cases; domestic violence; unfair employment and wage claims; and denial of government benefits or health insurance.

In other cases our Dawson Creek Family Lawyers know the home must be sold to free up money to settle the case, to pay off arrears on a mortgage, to salvage as much equity as possible if foreclosure proceedings have been commenced or lastly to facilitate a fair division of Dawson Creek family property after trial.

FHFA's primary concern is the fact that the liens on homes that result from involvement in PACE programs are required to be paid first in the case of the home going into foreclosure, ahead of mortgages including first mortgages.

Case in point: There were 103 sales of bank - owned homes for every 100 homes in foreclosure inventory in December 2011.

In some cases, banks can decide that the seller no longer has a hardship, pull the home from the market and put it back on 2 - 3 months later as a foreclosure with a different listing agent.

This «second wave» of foreclosures — combined with the fact that many people's 401 (k) s have bounced back with the stock market, and most economists agree that the bottom of the recession has hit — means that competition for these foreclosed homes is, in many cases, fierce.

In a high - profile case in Calaveras County, a homeowners association, exercising its right to nonjudicial foreclosure, auctioned off the home of one of its members — for nonpayment of association dues — at well below its appraised value, according to American Homeowners Resource Center, an association watchdog group.

While the majority of respondents (95 percent) knew what a foreclosure was, only 25 percent knew that the Case - Shiller Index tracked home prices.

Consider the following: If you are in danger of foreclosure now and do a short sale, deed in lieu of foreclosure or let the bank foreclose on your home, the loss and resulting 1099 from your lender in most cases will not result in a taxable event for you.

Brock said at least 11 home foreclosure sales were halted in his Collier office over the past week because Butler & Hosch attorneys stopped responding to phone calls or email about the cases.

In these cases, the foreclosure process will move forward and they will eventually lose the home.

Were there defects in the foreclosure lawsuit that makes the case vulnerable to challenge by the defaulting seller / owner of the home?

If you do short sales then you know it can not be about the money... I am spending ours helping people avoid foreclosure on their home and in many cases eleminating any future liabilty.

Barbara DeSoer, president of Bank of America's home loan business, said the company has set up a new form for creating foreclosure affidavits.These are documents that summarize the facts of a foreclosure case such as a borrower's name and total amount owed.

Default and foreclosure are often preventable if the buyer takes action early; in some cases a simple bit of additional information is the only thing a borrower needs to take action that can save the home.

Four of the 29 homes that sold in the first quarter were short sales, and four were foreclosures, so the percentages in each case were 13.8 %.

-LSB-...] Last week's S&P / Case - Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the repHome Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the rephome prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the report.

In many cases, home prices are already ticking up in states where foreclosures work through the process faster.

Last week's S&P / Case - Shiller Home Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the repHome Price Indices report showed strong positive gains in home prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the rephome prices, but those positive gains are threatened by rebounding foreclosure activity in about one - third of the 20 markets tracked in the report.

Mortgage servicers will hire independent auditors to conduct reviews of the cases and determine if home owners should receive financial compensation if the foreclosures were not done properly.

More than 2 million home owners who were foreclosed on or were in the process of a foreclosure during 2009 or 2010 can now ask for a review of their case, banking regulators announced this week.