Sentences with phrase «to foreclose the house»

"To foreclose the house" means that the bank or the lender takes ownership of someone's house because they weren't able to pay back the money they borrowed. It is a legal process where the homeowner loses the rights to their home. Full definition
Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes... there are still stockpiles of foreclosed houses in Southern Utah that keep trickling into the market from banks... and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3 % + a year in value.
Part of it is because lending guidelines have changed since the housing collapse so fewer buyers are out there for some homes... there are still stockpiles of foreclosed houses in Nashville that keep trickling into the market from banks... and buyers are more choosy than they were in years past because many of them have learned that you can no longer buy a house and bank on the fact that it will appreciate a 3 % + a year in value.
Of course, your bank can foreclose your house for mortgage nonpayment, and your car can be repossessed if you miss car loan payments, as these are not covered by Chapter 7.
Buying foreclosed houses is one of their major fields of influence.
As a younger generation recovers from the Great Recession, their elders have often been left behind, with foreclosed houses and vanished retirement investments.
Widespread defaults burst the housing - price bubble as foreclosed houses began flooding many markets.
While the Obama Government used taxpayer subsidized loans to move a large quantities of foreclosed housing inventory from the FNM / FRE and in to big investment funds, FNM / FRE were busy ballooning their mortgage holdings — again.
He talked about facilitating loans to small businesses, and called for a $ 250 million fund to pay for the conversion 110,000 foreclosed housing units into low - cost housing.
That sign represents the first of many that activists plan to place in a «shame campaign» against the banks that hold foreclosed houses in limbo.
As foreclosed houses lay dormant and owners of occupied homes pinch pennies, a growing number of swimming pools are turning a «greenish - brown hue,» reports the Chicago Tribune today.
That's an odd feature to pick out in a car that costs as much as a decent foreclosed house, but the breezy experience is spectacular when navigating an expressway commute.
With the flood of defaulted home loans and foreclosed houses slowly declining, the values of homes across the state are back on the rise, although they are not necessarily at pre-crisis levels just yet.
This is similar to how a bank gives you a mortgage because they retain rights to foreclose your house if you fail to pay; the difference is that the broker can liquidate your account immediately with minimal hassle.
Set in the post-apocalyptic landscape of foreclosed housing developments in Florida and California, the houses and empty streets become protagonists of a silent narrative, a documentary of the recent past.
Joelle Dietrick's temporary wall painting Sherwin's Wall remixes commercial wall paint in color forecasts suggested for better living with fragmented foreclosed housing forms.
Jones says that one lender in his area, JPMorgan Chase, recently insisted on listing a small two - bedroom foreclosed house at $ 159,000 even though a similar resale in mint condition on the same block was listed for $ 156,900.
With housing prices rising faster than incomes in many parts of the nation, rehabbing foreclosed houses has the potential to return affordable housing at a time that it's urgently needed.
«We really felt our agent listened to us and tried to understand what we wanted,» says Marlena Bradshaw, who bought a vacant foreclosed house in Ingalls, Ind., last year.
Own a property preservation business, maintaining bank foreclosed houses.
Don't Expect a Repair Discount Keep in mind that foreclosed houses generally are sold as - is.
Just as the Orlando - area housing market has tightened with a slim inventory of home listings, banks have started selling more foreclosed houses, a new report shows.
DIY Network: The network has a show in development about flipping foreclosed houses that is slated for 2012.
Foreclosed houses for sale in St. Louis, MO. or anywhere in the country are available but how flexible will the banks be in terms of their prices?
I had been buying foreclosed houses and was worried I was going to bump into the»10 mortgaged properties» limit when a few higher priced duplexes came on the market.
Last year, a yearlong investigation by Newsday and News 12 Long Island found Long Island municipalities had spent at least $ 2.3 million to clean, board up and demolish vacant, foreclosed houses in 2014.
It's like buying a foreclosed house for $ 50,000 that has a market value of $ 100,000.
Brookhaven officials are planning to create a registry of foreclosed houses to keep track of zombie homes and make it easier to find their owners.
Since the Great Recession we have worked to ensure that foreclosed houses are not allowed to become eyesores and degrade neighborhoods, however this report shows there is still work to be done.
When we first see Carver, he's in his element: inside a foreclosed house.
If you're shopping for a foreclosed house that you want to flip, hold your breath until the urge passes.
They can foreclose your house or repossess your car seamlessly since they put the lien on the house / car title directly.
Housing Reporter presents 10 Tips To Consider When Buying A Foreclosure posted at The Central Florida Real Estate Site, saying, «If you're shopping for a foreclosed house that you want to flip, hold your breath until the urge passes.
Desperate owners don't know what to do with pets after they're evicted or must leave a foreclosed house.
Be sure to get the message out that pets should never be abandoned in foreclosed houses.
Working with the foreclosed houses of America, historic buildings in an economically stagnant Poland and Christchurch's earthquake - ravaged homes — Strange explores «home» as a universal ideal.
Xaviera Simmons's boat people fill a lobby wall — just down the hall from her photographs of foreclosed housing.
presents a list of invented musical «genres» that range from humorous double entendre («Foreclosed House» describing both a real phenomenon as well as, potentially, a form of «house» music) to combinations of radically different cultural entities or sensibilities for comedic effect («Drunk Classical,» for example.)
The boys were doing drugs, smoking cigarettes, putting holes in our walls and destroying property, and sleeping in foreclosed houses.
In some states like Florida and Nevada, which have large stocks of cheap, foreclosed houses, flipping is boosting the housing supply for homeowners and for investors who want to rent out the properties.
In Florida, flipping has been revived by a steady supply of foreclosed housing and a demand for affordable housing that's making once - marginal neighborhoods near Tampa more appealing to buyers of renovated homes, says Christopher McCarty, director of the state Bureau of Economic and Business Research.
A good place to start would be to buy a foreclosed house and move in.
I recently came across a 3 unit home, my reached out to my agent for more information and putting in an offer and he told me its a foreclosed house.
As I said before, no amount of leverage helps the return on a foreclosed house!
I am looking into buying a foreclosed house from Fannie Mae using a 203k.
a b c d e f g h i j k l m n o p q r s t u v w x y z