Sentences with phrase «to go to foreclosure»

That means that they don't bear the loss if the loan goes to foreclosure.

Therefore, their short sale sits for months and ends up going to foreclosure sale.

If one condo unit in a building goes to foreclosure, for instance, the value of all units in that building can potentially decline.

My son and his partner had the same thing happen to them, they had already bought another house and so the first house went to foreclosure and they lost it.

Just letting the place go to foreclosure without filing bankruptcy is not a good idea.

Going to the foreclosure auction was the best place to find real estate investing deals from 2009 through 2012.

So, they don't bear the loss if the loan goes to foreclosure.

If one condo unit in a building goes to foreclosure, for instance, the value of all units in that building can potentially decline.

Yes, sadly, you are co-signer (first or second doesn't matter) on the loan that your sister is letting go to foreclosure.

Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.

Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.

Since servicers don't own the vast majority of the loans they service, they don't take the loss if a home goes to foreclosure, making them reluctant to make the investments necessary to fulfill their obligations to help homeowners.

Another apartment that sold for $ 21 million at One57 went to foreclosure auction earlier this month, but there's no word yet on the result.

As I understand it; Freddie Mac is the Chase investor, so it is our government forcing this home to go to foreclosure when all terms could be met, except the issue of things being put on the HUD at closing.

If you owed $ 800,000 when the foreclosure started you may well owe $ 900,000 or more when the property goes to foreclosure sale.

The thought process being that, even though your Lender agreed to the short - sale, that Lender took a loss in much the same manner as they would have if the property went to foreclosure.

Letting a home go to foreclosure is not the answer to the current housing market price problem.

The best way to get it approved is to do it before the loan goes to foreclosure.

The 6,200 - square - foot, full - floor unit at One57 is scheduled to go to foreclosure auction next month, according to Bloomberg.

And finally, you can just let it go to foreclosure.

They go on to argue with the lender that if you allow this to go to foreclosure you will get NOTHING as the home is worth far less than the $ 360,000 mortgage balance.

We have a significant amount locked up in a LIRA and it seems ridiculous for our mortgage to go to foreclosure (as it will be soon enough) before we have a chance to sell it and get our money out when it's finally rebuilt next year.

Hi Brandon — Unfortunately there is nothing you can really do as the home owner can do anything with their property including ultimately letting it go to foreclosure if they elect to do so.

I am concerned about the «fishy» part too and I am wondering if there could be something going on on the side with some of the party's thinking that if it goes to foreclosure then everyone accept me could benefit more.

In that case, they want to sit in the house for as long as possible rent - free and sell off things in the house, until it goes to foreclosure.

I refused and asked for time to think about it (in shock) She simply said — «OK — I will mark it as short sale closed and going to foreclosure.»

If it goes to foreclosure, then I will rent or live in Base Housing until my credit improves.

With the documented problems of obtaining a short sale from Countrywide, why not just go to foreclosure?

So if your lender declines your loan modification or if they come back with some bogus terms that you simply can't afford, that don't provide you with the sort of meaningful relief you need to keep your house, then remember, a short sale is always a viable alternative to simply letting it go to foreclosure in the event that the bank denies your loan modification.

Many people think that a short sale means that they lose their home, so why not just let it go to foreclosure?

You probably should have talked to a bankruptcy lawyer when you knew the house was going to foreclosure.

I am not totally educated on HUD homes, but I know that this home is on the market for another week, strictly for owner / occupied, and then it goes to foreclosure auction for 10 days where I know there will be many people bidding on it.

Without us, many properties would struggle and would end up going to foreclosure, or it wouldn't get refinanced.»

The house was originally available back in April / May 2013 as a short sale, then went to foreclosure.

If we let all the owners who could market their homes in a short sale go to foreclosure, the amount of shadow inventory it would create would be so large that most of the fair - market sales would decline and the market would stall again.

I am concerned about the «fishy» part too and I am wondering if there could be something going on on the side with some of the party's thinking that if it goes to foreclosure then everyone accept me could benefit more.

Hi Brandon — Unfortunately there is nothing you can really do as the home owner can do anything with their property including ultimately letting it go to foreclosure if they elect to do so.

When the couple can not sell the house then it goes to foreclosure and adds to the housing crisis.

They go on to argue with the lender that if you allow this to go to foreclosure you will get NOTHING as the home is worth far less than the $ 360,000 mortgage balance.