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by definition, a foreclosed property has to have someone file the foreclosure usually due to them being owed money and the property is security on the property. This is not cheap or free. Hence, there is always a "buyer" out there which is often the lender.
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What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?
Foreclosure.
Can you take your refrigerator from your home that was sold at foreclosure auction?
Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.
How do you know if a foreclosure proceeding on your home has been initiated?
Generally you will be given notice by certified mail that a foreclosure action has been initiated. In most jurisdictions the notice will be published in your local newspaper for successive weeks and will include the date of the auction. Once the property has been sold at auction it is no longer your property. You should already know of the impending foreclosure by the late notices you will have received from the bank.
What happens after foreclosure?
After Foreclosure, One should find a decent, affordable place to live and to start rebuilding credit.The best way to plan the next step, is to learn as much as he can about the rental and home buying options after foreclosure.
How do you know if a home is in foreclosure?
If you own the home, you should have received several notices that you were going to be foreclosed and then a notice that you were in foreclosure with a specific date and place for the auction. The notices vary from sate to state. Publication of the auction date is a requirement, usually in a local newspaper. If you are not the owner, you can look into local newspaper legal ads, local registry of deeds, specialized publications like Banker & Tradesman and local online websites.
What happens if your home does not sale at the foreclosure auction?
at the auction sale of my home the sale was stopped. i did not file bankruptcy. i have two mortgages own by investors need to make a decision to or to move?
What can happen to a home or farm when the owner fails to pay off loans taken to buy the property?
Foreclosure.
Where can one get a loan to stop a home foreclosure?
When facing foreclosure, the first thing to do is to try to get a loan from your current lender. If that fails, try getting a loan from other lenders such as Fannie May and Freddie Mac. If that fails, turn to private lenders.
What happens after the auction sale of your home?
You move out.
What happens when your home is sold in foreclosure due to common charges?
The result is that you lose your home.
If I have a foreclosure date and notice of courthse. auction, and am not trying to stop the action, what do I need to know about evacuating the premises?
You need to know that as of the date of auction, you are to be out of the home and as of that date, you have no legal rights to the home any longer
Whenyour home is in foreclosure can a bank auction it off at any price and leave you with the difference or are laws in place stating how much they can auction it for I live in Ohio?
They can sell it for $1.00 if it is a auction and you can be libel for a deficiency judgment.
What happens when you go into foreclosure in California?
When your home goes into foreclosure in California, the courts will give the homeowner a certain amount of time to move out. The homeowner can pay what is owed to keep the home.
Can you take your refrigerator from your home that was sold at foreclosure auction?
Yes you, can. When a house gets foreclosed, it is based on the house itself, not its personal furniture and items.
How do you know if a foreclosure proceeding on your home has been initiated?
Generally you will be given notice by certified mail that a foreclosure action has been initiated. In most jurisdictions the notice will be published in your local newspaper for successive weeks and will include the date of the auction. Once the property has been sold at auction it is no longer your property. You should already know of the impending foreclosure by the late notices you will have received from the bank.
Where should one buy home foreclosure equipments?
You will most likely need to go to an auction to purchase any kind of equipment that has been repossessed in a foreclosure. There aren't really any direct sales without having to bid.
Where would a foreclosure auction be held?
Most foreclosure auctions are held by the county, where the home or property is located. These auctions are generally held in county courthouses, which post the auctions in newspapers, and are also posted in the county courthouse buildings themselves.
