Clik here to view.
Characteristics of Mortgage Foreclosures
Foreclosures involve a complex network of distressed homeowners plus bankers, government officials and buyers. Mortgage loan default initiates the foreclosure process. From there, the stages of...
View ArticleClik here to view.
Where to Get Help With a Mortgage if You Are Close to Foreclosure
Regardless of where you are in the foreclosure process, help is available. Your mortgage lender wants to work with you to avoid having yet another foreclosed property in its inventory. You have to ask...
View ArticleClik here to view.
What Liens Are Extinguished by a Mortgage Foreclosure?
If you take out a mortgage, your lender gets a lien--a legal claim against your property--on the house. Other forms of real-estate liens include property taxes, federal taxes, second mortgages and...
View ArticleClik here to view.
How to Get Another Mortgage if You Have a Foreclosure Showing on Your Credit
Going through a foreclosure can be an emotionally devastating time. In addition to the financial and credit fallout that occurs during a foreclosure, families become uprooted and must find other places...
View ArticleClik here to view.
What Happens in a Mortgage Foreclosure?
Foreclosure proceedings may turn your dream home into a financial nightmare. Banks foreclose on real estate to recoup unpaid balances and losses on home loans. Terms of the foreclosure process vary...
View ArticleHow to Avoid a House Mortgage Foreclosure
Take the proper steps and you can avoid foreclosure on your home. Legislation passed in 2010 provides lenders and borrowers with options to avoid foreclosure. For some, you have to be current on your...
View ArticleClik here to view.
Does an HOA Foreclosure Deed Supersede a First Mortgage Deed?
A community establishes a homeowners association (HOA) to govern what can and can't be done in the community. In addition, an HOA determines the rules for community use of commonly shared or owned...
View ArticleClik here to view.
How to Avoid a Mortgage Foreclosure With a 401k Hardship Withdrawal
Getting money out of your 401(k) plan can be quite difficult if you're under 59 1/2 years old and still working for the same company. If you're facing a foreclosure on your primary home, your 401(k)...
View ArticleClik here to view.
Consequences of a Mortgage Foreclosure
When you miss payments on your mortgage, the lender starts calling, looking for payment. After a time, the lender initiates foreclosure proceedings to take possession of the house and auction it off to...
View ArticleClik here to view.
HUD Mortgage Foreclosure Programs
Beginning with the Great Depression, the US Department of Housing and Urban Development has made housing sustainability a main goal. It provides borrowers who have low and moderate incomes, credit...
View ArticleClik here to view.
If I Have a House in Foreclosure Can I Get Mortgage Financing for Another House?
If you are facing foreclosure on a home in which you are living, you must plan your new accommodations. Many homeowners want to purchase another less-expensive property that fits within their budget....
View ArticleClik here to view.
Underwater Mortgages & Foreclosure
While the terms underwater mortgages and foreclosure have always been linked, the recession of 2007 brought both to center stage. Underwater mortgages, when a homeowner's loan balance is higher than...
View ArticleClik here to view.
What Causes a Decrease in an Owner's Equity?
The equity you hold in a property is the difference between its appraised value and the size of the outstanding mortgage. If a property is valued at $400,000 and you have a $250,000 loan, you have...
View ArticleClik here to view.
Is There Life After a Mortgage Foreclosure?
If the bank has recently foreclosed on your mortgage, do not panic. One million U.S. families undergo foreclosures every year, so you are not alone. A mortgage foreclosure elicits undue stress in the...
View ArticleClik here to view.
What Happens to a Mortgage When a Foreclosure Is Dismissed Due to a Lost Note?
Mortgage loans usually are registered with the Mortgage Electronic Registration System, or MERS. MERS is a private company that tracks ownership of mortgage loans in the United States. MERS also is...
View ArticleClik here to view.
How do I Determine the Remaining Mortgage Value on a Foreclosure Home?
Foreclosure homes are considered bargain buys in real estate because they're frequently sold at a discount. Foreclosure homes, though, also come with certain "buyer beware" attributes that can make...
View ArticleClik here to view.
What Kind of Assistance Can You Get to Help With a Home Mortgage if in...
Some homeowners who borrowed large amounts or obtained risky loans to buy their houses need help avoiding foreclosure. In California, you have at least five months after your first missed payment to...
View ArticleClik here to view.
Divorce & Mortgage Foreclosure
Although divorce laws and foreclosure laws and procedures vary by state, the financial implications for either spouse should be clearly defined in the separation agreement or divorce decree. Even if...
View ArticleClik here to view.
Foreclosure Effects on 1st Mortgage & 2nd Mortgage
The first and second mortgage on your house both come with a lien, or claim on the property. Foreclosure removes the liens, but it doesn't necessarily eliminate the debt. If the house sells at auction...
View ArticleClik here to view.
Taxes on Mortgage Foreclosures
Depending on how much a borrower owes on his mortgage loan and the current home values in his area, his mortgage lender may be unable to recover the full mortgage debt from the sale of the property....
View Article
