The process varies depending on state. For more information, visit http://www.realtytrac.com/foreclosure-laws/foreclosure-laws-comparison.asp. There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
It is the same process as any other foreclosure, except that at the conclusion of the foreclosure, the tenants will be forced to leave.
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
It depends on where you live.
It wouldn't show up as a completed foreclosure, but it would show up. It would say "foreclosure started" or "foreclosure initiated" or something to that effect.
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
judicial foreclosure process
Once this motion is recorded it should stop the foreclosure process. Actually, once the bankruptcy is filed, the foreclosure process should already be stopped.
It is the same process as any other foreclosure, except that at the conclusion of the foreclosure, the tenants will be forced to leave.
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
It depends on where you live.
typically, the mortgage company will start the foreclosure process about 3-6 months after the first missed mortgage payment The timeline of the foreclosure process will depend almost entirely on the state law a good place to find information is: www.Foreclosurefish.com
It wouldn't show up as a completed foreclosure, but it would show up. It would say "foreclosure started" or "foreclosure initiated" or something to that effect.
You can go to www.ask.com/Foreclosure+Process. It will give you answers to all your foreclosure processes that you need answers to. These were questions asked by people and they got their answers, now get yours!
The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.The homeowner must disclose to the renter the home is in the foreclosure process. There may be fraud involved if the potential tenant is not given notice.
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
You can first get in writing from the bank that they are agreeable to stop the foreclosing process. Once you are armed with this information you can present it to the process servers who are trying to begin the foreclosure proedure.
YOU don't evcer do a foreclosure on what you own. the bank does. Bankrutpcy overrides foreclosure and in fact will essentially delay it while the property is sold in the BK process.