Sentences with phrase «lose at the foreclosure»

In other words, the IRS would tax you on the money that was lose at the foreclosure.

Not exact matches

If you were a homeowner in danger of losing your home at the height of the foreclosure crisis, chances are you soon discovered that your bank's mortgage servicing division was a mess.

Let's review: The first bubble removed at least $ 5 - 10 trillion of wealth from the public via the bailout of the banks and the wealth lost by people who chased home prices higher and then lost those homes to foreclosure or short - sale.

Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.

He works hard at a job he's had over 15 years, but for some reason he lost his house to foreclosure and has had vehicles repossessed.

Promoting financial independence is more vital than ever, Young says, and she offers as proof the recent gloomy turn of economic events: Nearly 30 percent of families at one Jackson - area school have lost their homes due to recent mortgage foreclosures.

If you're at risk of losing your home to foreclosure, please contact a HUD approved housing counselor in your area.

Add to the foreclosure expense the cost of maintaining and selling homes that are not bought at foreclosure sales or auctions, and mortgage lenders are losing money that could be saved by writing down mortgage loans to affordable levels and preventing foreclosure.

As will be discussed below, there is a down side to giving up equity in your home; and increasing your mortgage debt could put you at greater risk of losing your home to foreclosure.

Paying off a mortgage means you'll be less at risk of losing your home through foreclosure if you lose your job or have a reduction in income.

More than 65 percent of respondents also anticipate steps — such as short sales or deed - in - lieu of foreclosures — in which borrowers lose possession of the house to be at least somewhat significant loss - mitigation steps at their banks.

A large percentage will lose their homes during the coming year — just look at recent foreclosure reports.

While normally, with other secured credit cards, a consumer will simply lose the cash they put forth as a security deposit, NowLine Visa Platinum cardmembers were at risk of foreclosure and bankruptcy.

Let's take a closer look at how you could utilize another VA loan after losing one to foreclosure.

• There are more than 1.5 million of the homeowners, who are at least 50 years or even older and may have lost the house to foreclosure, since the year 2007, when the mortgage crisis actually began

If the homeowner is unable to repay the loan at some point, he risks losing his house to foreclosure and in turn ruining his credit.

Thousands of homeowners across the country are facing foreclosure, and at risk of losing their homes.

It should came as no surprise that lenders do not like this situation because the promise to pay contained in the note is gone and the lender has lost the ability to collect a deficiency if the house is sold at a foreclosure auction for less than the amount of the loan.

The Pup Crawl was conceived as the first - ever nighttime dog parade over the Brooklyn Bridge, an event aimed at raising money to help the one million pets expected to lose their homes to the foreclosure crisis.

At the Metro Pictures show Mr. Julien will introduce a multichannel feature film tracing the effects of the 2008 global financial crisis among a cast of characters that includes a Philippine maid working in Dubai, an artist who has lost his home to bank foreclosure in Iceland, a gallery owner and collector in London, a journalist, several hedge fund managers and an auctioneer.

Your home is at most risk of being lost to foreclosure one to two years following the death of an income earning loved spouse or partner.

You're looking at a property that is in foreclosure and someone is about to lose their home.

After large numbers of homeowners lost their homes to foreclosure, the federal government launched efforts to make fixed - rate mortgages available, says Susan Wachter, the Sussman professor of real estate and finance at the Wharton School at the University of Pennsylvania.

This was at a time when people were losing jobs; housing prices were in a free fall; and many were going into foreclosure,» explains Sarah C. Young, associate regulatory policy representative at NAR.

In fact, the typical SFR tenant is a family that has just left a foreclosure and can afford to pay the rent on a former foreclosure but could not make the mortgage payment on their old home, perhaps because they bought with alternative financing or purchased at the peak and could not get a modification when their home lost value.

These decisions will hang over the Florida home owner's head for months and months — if not years and years — but the thing that most Florida home owners may not realize is the minute that lose their home at a foreclosure sale (and, in some instances, after a short sale), they will be facing loan collection efforts.

If you are struggling to pay the property taxes on your home, you could be at risk of losing your home to foreclosure or a tax sale.

Large numbers of individuals and small partnerships saw opportunities to profit from depressed prices and began investing in foreclosures and short sales, buying them at a discount and renovating them, either to sell at a profit or to rent out, often to families that had lost their homes to default.