Sentences with phrase «to foreclose on a home»

Can they still foreclose on the home if I am keeping payments current but am unable to qualify for credit???

The bank foreclosed on his home last year.

The bill, Senate Bill 1150, would expand California Home Owners» Bill of Rights — which took effect in 2012 — and also provides some safeguards to home owners against foreclosure, such as preventing a lender from foreclosing on a home while owners are simultaneously seeking a loan modification.

When a lender forecloses on your home due to...

The banks are not foreclosing on homes as fast.

Recent examples in Texas are the Marine veteran in Houston who was sued by his HOA for flying the American flag, a Jewish couple who's HOA threatened them with fines over their display of a mezuzah on their doorway, and a National Guard officer in Frisco who had his HOA foreclose on his home when he fell behind in his payments while deployed to Iraq.

In some cases, lenders lose twice as much foreclosing on a home as they did two years ago, said Laurie Goodman, senior managing director at Amherst Securities.

• A mortgage lender can't foreclose on your home in Wisconsin unless you default on the loan, even if you don't sign a reaffirmation agreement.

Lenders don't immediately foreclose on homes with reverse mortgages upon the death of the borrower.

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.

The new laws aim to crack down on loan modification scams, extend the number of days banks are required to give notice before foreclosing on a home and demand that banks provide upkeep on foreclosed homes to avoid degradation of property values.

If you are not behind on your payments your mortgage lender can not cancel your mortgage or foreclose on your home just because you file bankruptcy.

A mortgage lender can not foreclose on your home unless you are behind on your payments.

When a lender forecloses on your home due to non-payment, they take the home from you.

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.

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.

Hundreds of borrowers have received $ 3,900 after mortgage servicers foreclosed on their homes, despite the owners complying with a loan modification agreement, according to a tabulation released by the U.S. Office of the Comptroller.

What if Attorneys are knowingly foreclosing on homes with unsecured debt, using fabricated documents to give the illusion its secured debt?

Can I still apply for H4H if my lender has already foreclosed on my home?

If you don't make your loan payments, a lender may legally foreclose on your home and sell it to recoup the amount you owe.

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.

In exchange, the lender agrees not to foreclose on your home so long as the forbearance is in effect.

We are currently scheduled to foreclose on your home on whatever date, at which time you must have vacated the premises.»

Of course, if I can't do that, they won't hesitate to foreclose on the home down the road.

You said the bank is currently foreclosing on your home.

Will the bank simply foreclose on my home, or do I have some way to get caught back up?»

Citi Bank would rather foreclose on the home and loose all monies rather than compromise on the 3k disbursement.

Simply put, the lenders «security» is the ability to foreclose on your home by operation of the covenants contained in the mortgage.

She was caught in the gears of the bank's dual - track process, where a lender continues to foreclose on a home even as it works with a borrower on modifying the home's mortgage — akin to lining up the mortician as the patient checks into the hospital.

When a bank or other company forecloses on a home, condo, townhome, land -LSB-...]

Florida couple Warren and Maureen Nyerges says Bank of America wrongly foreclosed on their home — which they paid cash for and didn't even have a mortgage on — so they wanted to show the bank how it feels.

The deed of trust confirms that the mortgage note is valid and states that your lender has the right to foreclose on the home if necessary.

When you file bankruptcy (7 or 13), a court - ordered injunction, known as the automatic stay, prevents the bank from foreclosing on your home.

Many people had no choice but to foreclose on their home when faced with these hard times, and as a result, their credit was severely damaged.

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.

When a bank forecloses on a home but fails to sell it at auction, the lender repossesses the property, which is listed on its balance sheet as other real - estate owned, or REO.

If you fail to pay, they retail the right to foreclose on your home just as the lender who holds your mortgage can.

For instance, if you die unexpectedly then the lender can foreclose on your home unless your spouse or other heirs pay the loan balance.

Plus, more than 15 percent of the real estate professionals surveyed said the lender foreclosed on the home before the short - sale transaction even could be completed.

The mortgage company agrees to accept this lesser amount because it's much easier than going through the process of foreclosing on the home and then having to sell it in order to recoup any money.

The government made these regulations to prevent private seizure of Native American lands, which would occur if a private lender was to foreclose on a home owner of tribal land.

If you can't pay your loan, the lender won't foreclose on your home, but they might pursue payment by other means.

She noted that the servicers» short - term incentives to foreclose on homes were wildly out of line with everyone's long - term benefit — including their own:

But be forewarned: If you fail to keep up with utilities, homeowners insurance and real estate taxes, the bank can foreclose on your home.

When lenders who issues deeds of trust want to foreclose on a home, they are not required to get a court order to do so.

A lender who issues a deed of trust is not required to get a court order to foreclose on a home.