Comments for Foreclosure Process and Questions

Comment on Vermont Foreclosure Laws by nehaag

nehaag — Fri, 03 Feb 2012 09:30:00 +0000

Thank you Omni Chaparala

Comment on How to Buy a House in Foreclosure Auction by Admin

Admin — Fri, 03 Feb 2012 02:26:41 +0000

A bonafide title search company should be able to trace the primary and secondary lien holders but considering the volume of the crisis mistakes do happen and are happening frequently. Thus it is best to double check with another renowned title firm before investing and to have everything in writing. If there is a mistake then a case will have to be filed.

The amount to be invested in repairs remains a grey area. In the case of foreclosed houses the buyer can only view the building from outside. It is best to take the help of a professional but even then unless one enters the house the estimate could often be wide off the mark.

Buying foreclosed houses is not as easy as it seems. Professional investors know the ins and outs.

Few years ago it was fairly easy to evict a homeowner who had lost out to foreclosure. The notice from the court and the order from the sheriff were sufficient. But lately with the exposure of foreclosure fraud on the part of the banks and strong public feelings as symbolized in the Occupy Movements things are getting tougher. Sometimes money has to be paid to ease out the occupants.

Comment on How to Buy a House in Foreclosure Auction by Curt

Curt — Wed, 01 Feb 2012 04:53:16 +0000

If I pay a title search company to search for liens and senior mortgages (before I bid at the auction) do they find every one of these? If the search company misses any of these liens or senior mortgages, the buyer can be on the hook for these. How often do the search companies miss these things?

What is the range and average amount that the buyer would have to spend to rehab the home after buying it from a foreclosure auction?

If the homeowner is still living there, what is the process to evict him/her and how much and how long does this take?

Comment on Avoiding Mobile Home Foreclosure by Benjamin C Antczak

Benjamin C Antczak — Mon, 23 Jan 2012 15:08:14 +0000

The mortgage comp. attorneys sent me a letter stating today is my last day to attempt to catch up the loan.I have recently divorced my wife which she had control of the mobile home and land for the past year. She abandoned the home leaving it five payments behind. The courts granted the home back to me but was laid off recently making it difficult to catch up the payments

Comment on Vermont Foreclosure Laws by Omni Chaparala

Omni Chaparala — Sat, 14 Jan 2012 23:56:58 +0000

Good overview of Vermont foreclosure laws. It will be beneficial to the sellers.

Comment on Deed in Lieu of Foreclosure vs Short Sale Process by Jim Wagoner

Jim Wagoner — Sat, 12 Nov 2011 04:44:02 +0000

Very informative article. I appreciate the information.

Comment on The Fact about Nebraska Foreclosure Laws by dieta

dieta — Wed, 21 Sep 2011 11:27:32 +0000

Once the foreclosure process is complete the property becomes lender owned.

Comment on Foreclosure Rescue Schemes – More like Foreclosure Calamity Schemes! by Martina

Martina — Wed, 17 Aug 2011 00:49:31 +0000

This schemes are sad and disgusting. People going through foreclosures are real people just looking for a way out.

Comment on Indiana Foreclosure Process – The Comprehensive Guide by Martina Webster

Martina Webster — Fri, 12 Aug 2011 18:20:53 +0000

This is a very good summary of the Indiana foreclosure process. Thank you.

Comment on How The Foreclosure Process In Atlanta City Works by mantolama

mantolama — Wed, 27 Apr 2011 09:31:50 +0000

That’s a headache none of us want to endure.