Sentences with phrase «on a foreclosed home in»

Happily, the reports of people trying to pull this stunt on foreclosed homes in the U.S. seem to have slowed down in the past year (a development for which I take full credit).

«My idea is to allocate certificates to 2.5 million service members who served in Afghanistan and Iraq that could be used as a downpayment on a foreclosed home in the Fannie or Freddie portfolio,» Peach said.

«My idea is to allocate certificates to 2.5 million service members who served in Afghanistan and Iraq that could be used as a downpayment on a foreclosed home in the Fannie or Freddie portfolio,» he said.

Not exact matches

«In the presence of uncertainty and the absence of accelerating inflationary pressures, it would be unwise for policy to foreclose on the possibility of making further gains in the labor market,» she said, adding that «disinflation pressure and weak demand from abroad will likely weigh on the U.S. outlook for some time, and fragility in global markets could again pose risks here at home.&raquIn the presence of uncertainty and the absence of accelerating inflationary pressures, it would be unwise for policy to foreclose on the possibility of making further gains in the labor market,» she said, adding that «disinflation pressure and weak demand from abroad will likely weigh on the U.S. outlook for some time, and fragility in global markets could again pose risks here at home.&raquin the labor market,» she said, adding that «disinflation pressure and weak demand from abroad will likely weigh on the U.S. outlook for some time, and fragility in global markets could again pose risks here at home.&raquin global markets could again pose risks here at home.»

The banks will have money on these homes coming in, instead the house being foreclosed on.

In the worst - case scenario, your lender can foreclose on your home, since you will have put it up as collateral for the HELOC.

Most foreclosures in Colorado are non-judicial, which means the lender doesn't have to take you to court to foreclose on the home.

Whalen explains why banks are deliberately waiting to foreclose on homes in the Northeast because there is nowhere for those homes to go.

A bank can foreclose on a home that has $ 100 in outstanding loans as easily as it can take a home with $ 1 million in outstanding loans — in fact, much easier.

Wall Street hedge funds and investors have been gobbling up affordable homes and turning them into rentals, in many cases renting them out to the same people who were foreclosed on during the Great Recession.

In April 2011, JPMC agreed to settle claims that the bank over-charged active or recently active military service members on their mortgages by paying $ 27 million in cash to approximately 6,000 military personnel, by lowering interest rates and fees in excess of that permitted by the Service Members Civil Relief Act («SCRA») and the Housing and Economic Recovery Act of 2008 («HERA») on soldiers» home loans, and by improperly foreclosing upon homes owned by borrowers protected by SCRA and HERIn April 2011, JPMC agreed to settle claims that the bank over-charged active or recently active military service members on their mortgages by paying $ 27 million in cash to approximately 6,000 military personnel, by lowering interest rates and fees in excess of that permitted by the Service Members Civil Relief Act («SCRA») and the Housing and Economic Recovery Act of 2008 («HERA») on soldiers» home loans, and by improperly foreclosing upon homes owned by borrowers protected by SCRA and HERin cash to approximately 6,000 military personnel, by lowering interest rates and fees in excess of that permitted by the Service Members Civil Relief Act («SCRA») and the Housing and Economic Recovery Act of 2008 («HERA») on soldiers» home loans, and by improperly foreclosing upon homes owned by borrowers protected by SCRA and HERin excess of that permitted by the Service Members Civil Relief Act («SCRA») and the Housing and Economic Recovery Act of 2008 («HERA») on soldiers» home loans, and by improperly foreclosing upon homes owned by borrowers protected by SCRA and HERA.

Now that many African Americans in cities like Atlanta were foreclosed on during the subprime crisis, many of them have bad credit as a result — which means they can't buy homes the traditional way, and so are being offered contract - for - deed payments once again.

The main difference you need to keep in mind with a deed of trust is that it allows lenders who want to foreclose on a home to bypass the court system when doing so.

This is important to note because if you were to miss mortgage payments in the future, your lender does not need to get a court order to foreclose on your home.

We tried to sell, but discovered that so many homes had been foreclosed on in Mt. Auburn that the price of real estate had dropped over 50 %.

Congressman Brian Higgins explains his bill to push banks to act on the resale of foreclosed properties outside an abandoned home in Cheektowaga on Tuesday.

Prosecution of the Brooklyn Democrat was originally based on a charge he embezzled funds he received for serving as a referee for the sale of foreclosed homes in Brooklyn.

On a similar note, foreclosures are reaching an all - time high in the Bronx, as we see an upsurge of foreclosed homes for sale.

On Long Island, the Town of Oyster Bay has banned the use of plywood to cover windows and doors on foreclosed «zombie homes,» in an attempt to eliminate the boarded - up eyesores in its neighborhoodOn Long Island, the Town of Oyster Bay has banned the use of plywood to cover windows and doors on foreclosed «zombie homes,» in an attempt to eliminate the boarded - up eyesores in its neighborhoodon foreclosed «zombie homes,» in an attempt to eliminate the boarded - up eyesores in its neighborhoods.

A man starts a job in which he evicts families from foreclosed houses with the help of two sheriff's deputies: at some houses, the owners cry and argue loudly with him and the deputies enter the home, force the people outside and call in waiting movers to place all the owner's possessions on the front lawn; at one house, a confused senior citizen is escorted outside to sit, where he says he has no family and knows nowhere to go and a deputy says he will drive the man to an agency that will help; a man at another house says he has only rented there for eight years and is not the owner, to which the man evicting him says that the landlord is in foreclosure and scammed the renter.

A real estate developer is set to foreclose on all of the homes in the area on the following day, progress that will send many a family packing.

His mother's (Laura Dern) hairdressing business is not bringing in enough cash to keep them ahead on their mortgage, and soon the worst that can happen comes in the form of Rick Carver (Michael Shannon), an unscrupulous real estate magnate who specializes in foreclosed homes and evictions.

(In a recent six - year period, nearly 654,000 homes in the state were foreclosed on due to lax laws the Legislature has refused to improveIn a recent six - year period, nearly 654,000 homes in the state were foreclosed on due to lax laws the Legislature has refused to improvein the state were foreclosed on due to lax laws the Legislature has refused to improve.)

The corporate empire has foreclosed on millions of homes, forcing the 99 - percent, now called «subprimes» to roam the broiling hot, heavily polluted countryside, squatting in abandoned housing developments until the authorities force them out.

If you default on your home mortgage in Wisconsin, the lender will foreclose.

You should also know that home equity loans can be foreclosed upon in much the same way that your mortgage lender can foreclose, so borrow only an amount that you can reasonably afford to repay in the coming years, based on your income or budget.

Home equity loans and HELOCs are secured by the equity in your home, so if you default on the loan the lender could foreclose on your hHome equity loans and HELOCs are secured by the equity in your home, so if you default on the loan the lender could foreclose on your hhome, so if you default on the loan the lender could foreclose on your homehome.

Moreover the mortgage lender must know not only is the value there, but that the quality is there as well in case they have to foreclose on the home and sell it themselves to recoup the amount due on the mortgage loan.

The deed of trust — also called a «mortgage» or «lien» — states that the home may be used as «collateral» for repayment of the loan; in the event of payment default, the lender is able to foreclose on the property, sell it, and retain the proceeds to satisfy the debt in question.

Two good places to start are www.hotpads.com, which lists information on bank foreclosures, and www.ushomeauction.com, which will give you a good idea of prices for foreclosed homes throughout the U.S. «My husband did some fact - finding on the Internet and I attended real estate seminars before I contacted a real estate agent,» says Maria Woroniuk, 50, an operations manager in Calgary, who is interested in buying a property in Arizona.

In another, the lender asked a bankruptcy court to allow it to foreclose on a couple in bankruptcy because there was no equity in the homIn another, the lender asked a bankruptcy court to allow it to foreclose on a couple in bankruptcy because there was no equity in the homin bankruptcy because there was no equity in the homin the home.

The lenders also save on clean - up or maintenance of foreclosed homes and avoid legal fees incurred in the foreclosure process.

The problem I see with this is that a lot of people are foreclosing on their home because of a dramatic decrease in property values.

A home equity financing is similar to an auto loan in that it gives the bank or lender the right to foreclose on your home if you do not pay them back.

Lenders often impose stricter requirements on mortgages because of the risks involved in buying a foreclosed home.

In case you fail to honor your obligations and default on your car loan or a mortgage, the lender would repossess your car or foreclose your home.

Banks are also in the same situation if they have foreclosed homes on their balance sheets: the longer they hold those properties, the more money they lose.

If you fall behind on your mortgage payments, the bank will have the right to foreclose on your home once they are successful in gaining relief from the automatic stay.

There is a tremendous backlog of foreclosures in this country and, depending on your location, your lender may not have the resources to foreclose on your home for quite some time.

In the worst - case scenario, your lender can foreclose on your home, since you will have put it up as collateral for the HELOC.

Banks and lenders would rather take less money and keep homeowners in their home making a payment that they can afford, rather than go through the expense of foreclosing on the home, hiring a listing agent, rehabilitating the home, and letting it sit empty on the market for months, only to lose thousands in the process.

If a clients signs a first mortgage reaffirmation agreement and later defaults on the mortgage loan, the lender will still foreclose, but assuming that the lender forecloses by advertisement (and almost all mortgages are foreclosed this way in Minnesota), the debtor need not worry about having to pay a deficiency if the home sells for less than the mortgage balance.

Sadly, anxious first - time buyers and investors get caught up in the excitement of bidding on a foreclosed home and overbid on a property.

If you're considering bidding on a foreclosed home it is important that you first understand the pros and cons of purchasing a property that's in financial limbo.

There is no doubt that the current real estate market offers a lot of great bargains on short - sale, foreclosed, and homes in need of some tender loving care.

It is important to understand that your lender will be required to foreclose on your home in order to clear title from your name — even if you have surrendered it through bankruptcy.

If they foreclose on your home and it sells for less than you owe, they may try to garnish your wages for the «deficiency», or amount they lost in the sale.

If you're in mortgage default, your lender may go straight to wage garnishment or they may foreclose on your home.

Piggyback loans are in the second position behind the primary mortgage, Melone says, meaning the lender for the second mortgage may not get all of its money back if the loans are foreclosed on and the home is sold.

Home equity loans use the equity in your home to secure the debt, which means the lender can foreclose on your home if you default on the lHome equity loans use the equity in your home to secure the debt, which means the lender can foreclose on your home if you default on the lhome to secure the debt, which means the lender can foreclose on your home if you default on the lhome if you default on the loan.