I live in Las Vegas. I just received a Foreclosure Intent notice by certified mail. How much longer can I stay in my house?
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Due to unfortunate circumstances my husband and I had to give up our family home. After trying to sell it, we were unable to in the time we needed to and had to let the home go into foreclosure.
What I would like to know is when a home goes to auction or a Sheriff’s Sale, what is the starting price? Is there guidelines as to where they can start the bidding as far as numbers go?
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A property that I am a co-signer on is going into foreclosure. In a question I asked previously regarding this matter, someone pointed out that I will be sent a 1099-c form. What exactly does this mean? If the house is sold at auction will I owe taxes on the amount the house sells for or the amount that was owed or, if the house does not sell for enough, will I owe taxes on the amount not paid?
If we can sell the house before the foreclosure is complete, how does that impact the situation? I’m so confused.
And please, no posts about your tax or loan company. I will report it as abuse.
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I know someone who like many americans is out of work and behind on their mortgage. They got a notice from Wachovia that they are starting the proceedings for foreclosure. If they don’t get a job and make money they will be forced to live with relatives however how long do they have? Some say a year or two. I thought it was only a matter of months before the bank sends the sheriff to kick you out.
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We know what a mechanics lien is, but what kind of power does it have when you are buying a foreclosed house? Can you tell me where to find a book about homes in foreclosure with mechanics liens on them in Illinois?
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LINK : http://predatorylendinglaw.org/dynamics/foreclosure-defense-16/32-more-foreclosures-dismissed-for-lack-of-documentation-25/
How can I help people dismiss thier foreclosures.
Does this mean that they wont owe anything after the dismissal of the case?
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Recently, I’ve seen way that sales number for homes in california almost double compared to a year ago. I saw a blurb that bank foreclosures on a home show up as a home sale in california. I’m thinking this may possible explain the much higher rate of sales and dramatically lower prices. Anyone know if a bank foreclosure would show up as a home sale in california?
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How much time to you have to leave the house, once in foreclosure or default?
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My last payment was Jan. 15; but it seems the clock started ticking when I missed my payment on Feb. 15.
Chase and Countrywide (primary and HELOC lenders) are telling me that the foreclosure begins on May 15, the three-month mark, if I’m understanding them correctly.
But what I want to know is, when would the foreclosure be done with?
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My house may go to foreclosure and if i file bankruptcy it will stall this but if I dont sell the home then I will have two strikes a bankruptcy and a foreclosure on both my wife and my credit record. Im thinking of allowing it foreclose but can I ever buy again and will I have to repay the difference on my foreclosed home when the bank sells to buy again?
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