Foreclosure News and Information
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I live in Georgia and I have been receiving letters for my landlord from lawyers. I am suspecting that my home may be at risk of foreclosure. My landlord has told us nothing and I am worried that I may lose the house I am renting. Having no time to prepare and I am afraid that I will be out in the streets with no place to go. Can anyone please offer any help or steps I need to take in regards to this?
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I want to buy a foreclosure home but, my credit is awful. I have a low credit score and a bankruptcy. What can I do ?
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Our landlord has not told us the home we rent is in foreclosure. I found out through notices addressed to him in the mail and through a website listing our home in foreclosure. As it is we pay rent a month in advance and have decided to pay on time instead so that we do not lose a whole months rent if asked to leave. Sorry to say we do not trust our renter because he has not been honest with us. When this home sells, how long will we have to find a new place? Also, shouldn’t the bank be getting our rent money. . . especially if rent is more than his mortgage? I am really just concerned about what this means for us and options available? Anyone ever been in this situation?
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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 have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!
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If I can no longer afford to pay for my house and i am close to foreclosure what can I expect? What kind of repercussions can I expect, besides the obvious hit to my credit? Will I end up oweing anyone anything afterwards?
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Lets say the owner cannot pay the mortgage and house goes on foreclosure and there is a tax lien on the property. The property is worth less than what is owed, no equity. What happens to the tax lien?
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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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