Upcoming Foreclosures

Is there a new foreclosure law stating a deficiency by a short sale on a primary residence is forgiven? I keep hearing about a new law, that might be part of a presidential order, forgiving the short sale deficiency of a primary residence. Can someone provide confirmation of this new law? If so what are the guildlines, how does it work and what defines a primary residence according to this new law? Everyone who has shared this with me has been in the state of Arizona, is this new law only applicable there?

Is there a loophole for the new florida foreclosure law? I work as a loan modification specialist and my firm is a reputable company. We have a A+ rating with the Better Business Bureau and we really help our clients save their homes. Recently a statute passed that prevented companies from collecting upfront money from any home owner in florida that is in foreclosure for services related to saving their home. Of course no one works for free. Is there a way my company can get around this and collect our initial fee?

how long can people stay in their house after the auction sale according to california foreclosure law?

After a foreclosure how much time by law I have? After my house when in to foreclosure June 30 th I got a visit from a real state agent that the lender hire, and he is telling me that I have to move in 10 days, by California law how much time do I have to move, after I receive the eviction notice ????

Is anti deficiency law after property foreclosure recognize in the state of Texas?

My mother-in-law is deceased and we just found out that the house is going thru foreclosure, what can we do? My sister in law that was living with my mother in law when she passed was living in the house, then we find out she up and moved. We want to move in but dont want to get put out soon after because of the mortgage company saying its going thru foreclosure. What can we do? SHouldnt we have the right to keep it?

Need help with Arizona law refinancing and or foreclosure? If I were to refinance my home for it's current market value, take my equity then had to foreclose on it in the future, other than a hit to my credit what can happen to me?

Taxas Law, How do you foreclosure on non-paying buyer for horses? Need to foreclose due to non payment on horses. How do you do it in Texas?

regarding new hampshire foreclosure law... does a defalutee bowwerer get the blance of a sale after fees paid in New hampshire, does a borrower who has defaulted get to keep the balance (after the defaulted loan and fees are paid) on a foreclosed property? In other words, if the balance on the defaulted loan is $50,000 plus $5,000 in fees and at the forclosure auction, thge property goes for $100,000... does the bank get $55,000 and the borrower get $45,000?? Or does the bank get the entire $100,000??? THANKS.

after foreclosure, can your mortgage company make you pay what they lose in a foreclosure sale? I have a first and second mortgage (to avoid PMI) and I am wondering if, after foreclosure, if we are going to be liable finacially for the banks loss, or the difference between our loan balance and what they get in the foreclosure sale? I know that our credit score will be affected, but I am wondering if that is the only repercussion? I also know the laws are different in states I am in Nevada anyone that knows the nevada foreclosure law specifically would be great. I am also wondering once we move out, assuming we do so before notice to evict what role will we, as the homeowners, need to play in the foreclosure process? I have heard that you must fill out a 1099 form for taxes? saying the difference between the amount owed and what the bank gets is roughly 30,000 what would that mean we pay at tax time?

is it against the law to rent a house going into foreclosure? I'm trying to stop a friend from doing this, I was wondering.

What is the Calif Anti-Deficiency Law . I am about to go thru foreclosure and im wondering if this can help ? Trying to short sell my house but no luck ... Might have to foreclose .. Can this law help me . never refinanced my home all it purchase money .

which law covers a second mortgage loan after a foreclosure? my home went through forclosure and was sold. I had a second loan on the house and the loan company sent it to a collection agency to try and collect. I believe there is a law that would prevent them from being able to collect on the second.

How do I find out about home foreclosure laws? in Ohio? I need to know if I will be liable for any remaining balance after the bank sells my home or if it would just be a write off?

What are foreclosure laws and procedures in the state of Illinois? are all homes auctioned?

foreclosure law in nyc? my house is in foreclosure auction, after the auction how long I colud stay in my house

Foreclosure law in Calif.? I am trying to sell my old house and have reduced the price as much as I can. I cannot continue making 2 house payments much longer. If I simply allow the house to go into foreclosure and the proceeds from the foreclosure sale are less that what is owed, am I liable for the difference? The hit I would take on my credit score is not a major concern at this point.

Did George Bush create a new law regarding foreclosures? I wanted to know if George Bush created a law regarding foreclosures on homes. I heard he gave a 90 day waiting period for homeowners and banks to work something out. Is this true? If so please explain.

Help understaning foreclosure law / process in Missouri? I live in STL Mo and need help understanding foreclosure processes in Mo. I was told we had to be served by cert. letter 20 days before the sale date, we weren't. We just found out the house is being sold on courthouse steps on 6/10!!! We want to move but don't have enough time now. What is the process of foreclosure in Mo? We the sheriff put us on the street the day after the sale? Will we have to go to court where we can plead our case to the judge to just give us more time (we have 4 children)?? Any help or advice is appreciated ahead of time. We filed a ch. 13 to keep the house in Dec. 07. They hiked the payment in Feb. We spoke to our attys who said we would be served by cert letter of the sale date. We never received the letter, I only found out about the sale date through an advertisement. When I called our mortgage co. they said they didnt have to give us that time. So, we did not know the house was up for sale - they never served us with any papers. Never put anything on our door. All we need is another 30 days, is it possible to try to get that from the lender? Also, do they have to give you time to move out after the sale? I thought there would be a court date or something?? Thanks

foreclosure law in California, Consequence to homeowner?

I live in New york Nassau county and would like help with foreclosure laws.? I cant afford the mortgage on my rental property anymore and would like to voluntarily foreclose on it. Would the company be able to put a lien on my residential property although co-owned with my wife. Can anyone help with professional advice?

How will bad credit (a foreclosure) affect my ability to get loans for graduate or law school?

Does anyone know about the foreclosure laws in IL? I have a townhome that I can't afford anymore because I lost my job. I have a good job now but I am not making the money I was before. The home is not selling for the price I need it to so I can break even. It seems that my only options are to lower the price and bring a bunch of money to close or forclosure? I have excelent credit now does anyone know of any other options for me?

Michigan Landlord/Tenant Law on Foreclosure? I am a tenant in Michigan with a lease option that ends in July. The house is now in foreclosure and will be auctioned Feb 15. Not to mention back taxes and waterbill, which I have paid. Do I continue to pay my landlord rent after the sale on Feb 15 or not? I would like to know if he legally can collect rent on the house or does he have to redeem it in order to collect rent on the said house. Please help I am wrecking my brain. Please note I need MICHIGAN law on this one.

Foreclosure / Deed in Lieu laws in Missouri What will the process be like??? My husband & I have to sell our first house (we already own our new home) . We have been trying to sell this house since the first of the year, we have tried a short sale, rent to own, even just rent, to get out from under two mortgage payments. However, after two years of trying my husband & I just found out we are expecting! Now, we have to let this other house go back to the bank, as there is no other options. All the realestate agents in my area are telling me that sales are down 32 percent from this time last year. I have contacted my lender & told them of my situation, theyre sending me a short sale package, as well as a deed in lieu package. My question is, is there any reason the bank wouldn't accept a deed in lieu? I have no other liens on the property & it is very comparable to the neighborhood. If not, will they have to abide by MO foreclosure laws since that is where the house is lcoated? MO laws - no defficiency judgements are prohibbited (I won't owe the difference)

Hello, Is there anyone familiar with foreclosure laws in WA state, my husband lost his house due to foreclosur? Also the house he got here in AZ was sold but a short sale. the house in AZ had two loan mortages, but my question is how come the one mortage company is still sending him the papers on how much he owed when I thought in Az, if its short sale they cant go after him.

Does anyone know how quick you canbe issued an ejectment notice after the law date in a strict foreclosure, CT We have received the papers stating the law date which we will no longer own the home...wondering how long it takes for the order of ejectment to happen.

Florida Real Estate Lease Laws on Foreclosure? We are renters in Florida and we heard that our condo (leased through a private party) may be foreclosed. We don't have a clause in our lease on this issue. I've heard rumors of renters just being kicked out because of foreclosure and I've had legal advice saying the bank has to let you fullfill your lease by law until the end. Does anyone know the laws on this? We can't break our lease without having the pay the rest of our months rent but I don't want to get taken down with them. Thanks

I m in foreclosure April 10 is the sale date at the foreclosure sale auction how can I stop is.? Without filing bankcu... My mortgage is 4000 a month. Is it possible to save the house and lower my payments. The bank said they gave and alotment of foreclosures to a law firm . They will not give me that information.

is foreclosure authorize by law while under bankruptcy.?

Maine foreclosure laws - When tenants have to leave? I have relatives who have had their house foreclosed. The public auction is 9/14/06. When do they have to vacate the property?

Anyone know where I can find the foreclosure laws for the State of OHIO?

I live in Sparks Nevada, my house soon to go into foreclosure, what are the laws and my options? Should I let the house go into foreclosure or should I do a bankruptcy? I don't want to owe the IRS. Please help me!

I need to know what is CA foreclosure laws?

I just went through foreclosure in california. can collection agents call even if im protected by anti-def law I just went through foreclosure in california. can collection agents call even if im protected by anti-deficiency law? I keep getting calls from around 5 diferent collection agencies. Is there anything i can do? are they aloud to call? can i still be sued be the lender? any help would be greatly appreciated. I've seen yahoo users answers in past and you guys are actually pretty smart. Thanks, J-man

What are the new laws that came out july 1st about foreclosure and realestate? our home is going to foreclosure soon we have tried every option and just cannot keep it. A friend of mine said that July 1st of 07 new laws where passed. It has been up for sale since april. we were hoping for a short sale but the NH market is soooo slow

real state law question. Foreclosure timetable.? My uncle's landlord has stopped making payments on the house that he rents from her. She told him that the house is being foreclosed and that he can live there for free until the bank evicts him. By his calculations she stopped paying about 4 to 5 months ago. Wanting to take advantage of the offer he needs to know how long will it take for him to get evicted. And will there be any kind of notice before he gets evicted posted on the house giving him an estimated time so he could plan his next move. The landlord has moved and she won't give him notice. Will there be some sort of comunication with the person that actually lives there about the timetable to leave. And again about how long is the process for the bank to actually evict whoever lives on a foreclosed property.

When buying a foreclosure, can a real estate agent represent an investor in California? I'm in the foreclosure industry and a realtor just recently informed me that by law agents can not represent investors when buying foreclosures. Is this true? And what do you think the ratio is between investors to regular home buyers when buying foreclosures? Please advise

What happens to a home that is in a foreclosure and the owner just recently passed away? My mother in law owned a home and she had been sick the last few months and she passed away.. Is there anyway we can postpone the foreclosure? We need help they are selling the house on December 5th

If a foreclosure process has not begun, can the homeowner sell our appliances? My brother in law has just filed Bankruptcy and included his house. The foreclosure process has NOT begun. Can he sell his appliances without getting in trouble? I don't know whether he purchased them or not after purchasing the house. I know he has filed the BK, but it has not been discharged yet. His Mortgage company has not even begun the foreclosure process. He came to me because my mom is a real estate agent, but she didn't know the answer to this either. Thanks!

What are the rights for a tenant who has just found out the house they are renting is in pre-foreclosure? A gentleman who rents another home from our landlord brought us information he and his wife had found on the internet that showed the house he is renting and the one my family is renting are both in pre-foreclosure. The owners are denying the houses are in pre-foreclosure when this gentleman asks. They won't return our phone calls. We live in California and are unsure about what pre-foreclosure means and what California real estate laws mean when translated into common terms.

In California, can a person who lost their home to foreclosure buy it back from the next owner? I am told that this is the case in the state of Washington. The previous owner who lost it in foreclosure has up to one year to buy it back for what the new owner paid for it. The new owner HAS to sell it back for that price! I want to buy foreclosure properties in California and flip them, but don't want to put a bunch into it and have to sell it to the previous owner at a loss. Does California have this law? Guess I have to state this. I am NOT asking for free legal advice, nor am I asking what such a law states if it exists. I am ONLY asking does anyone know if there is such a law in California, that's all!

Is the foreclosure law in Mo.different than in Illinois in relation to being behind on 2nd, Current on 1st.? We're 2 months behind on our 2nd. Homecomings Financial (holders of the 2nd) told us we had to fall behind 2 months before they would even talk with us about loss mitigation. Now that we are behind they seem unwilling to talk with us about any hardship options. How long does the typical foreclosure process take? Are we talking a month or a few months?

how do i find info on a foreclosure of a home in the last 30 days prev. owned by brother in law who died?

foreclosure laws of santa rosa county, fl??? we are in foreclosure proceedings with a bank in NY and a realator that specializes in foreclosures based in florida. the bank in NY has hired the realator to secure the property by putting a pad lock on the door denying us access to our property. the bank has assumed that the property has been abondoned. can they legaly break into the house changing the locks without judgment from court and our notification of such. and can they deny us access to our property before the foreclosure date?

can anyone help me understand the bankruptcy/foreclosure laws in missouri?

If a common law lein in put on title during foreclosure how does that affect the lender? How would they get clear title if there is a common law lein on title?

foreclosure laws? i purchased a home in my name only. i was single. after being in the home almost 2 years i got married. when filing foreclosure. will his credit suffer. he is not on the loan.

How many times can a house go up for foreclosure? Ok I know of a person who has had there house up for foreclosure three with in a year now.Well the next sale is on for Jan. 2nd. I am curious to see how many times it can go up. The property is in Wisconsin and I am going to do some searches on laws. But when we got ready to go to the sale at the last minute the foreclosure was canceled. So how do they keep saving themselves?

What are the California laws pertaining to a renters rights on property being in foreclosure?

Anyone know the foreclosure laws/eviction laws in state of MISSOURI?? Please only SERIOUS answers!!? I've been foreclosed on my mortgage, and the house will sell on the courthouse steps on the 24th of August and I cannot find anyone who can tell me when I have to move out after the foreclosure sale. I've contacted my bank, the attorney representing the bank, the courthouse, sheriff's department, my attorney, and looked on the net. NO ONE can give me a straight answer. I am hoping we have at least 30 days to move, but don't want to be shocked if someone shows up at my door next Thursday and forces us out of the house. We missed 4 pmts on a mortgage that we've had for 14 years, and the bank foreclosed on us.... Please only people who really know what they're talking about respond. I need accurate answers please! Thanks!

Ohio Foreclosure Laws? Our house is being sold at a public auction on Feb. 28th as a result of foreclosure. I am just wondering if anyone knows when we will have to vacate the premises no one has ever told us. I am just debating when we should start looking for another place to live. I have heard it may be 18 months after the sale and then I have heard a week before the sale. if it is a week then we need to hurry up and find a new place.

Can someone explain FORECLOSURE to me? Here is the arizona laws.. I am just wondering how long we have until we have to move out if the forclosure starts july 1st? http://www.realtytrac.com/foreclosure_laws.asp?strState=Arizona THANKS!!

Am I protected under the anti-deficiency statute law in California if i defaulted on my mortgage? I'm one of those unfortunate homeowner who purchased a home during the boom and also got one of those adjustable mortgage. I've been paying my mortgage on time and am not behind on my payment whatsoever. But my payment will start adjusting in a few months and the value of the house has taken a dip and I was told if I want to refinance my current mortgage, I would need to come up with the differences in order for my bank to refi. So my question is this, if I'm not able to come up with the money does that mean I cannot refinance? Am I shit outta luck? I've been responsible for my debt and I got screwed over my loan because my former loan officer did not disclosed those critical terms and loan details. On the closing day at the escrow office, my former loan officer wasn't even there at the signing. She told me just show up and sign the documents and I was naïve and I did it. Do I have a case against this loan officer if I plan to sue her? The bottom line is, if I stop making payments and eventually foreclose the house, does the bank has the right to come after me for the differences that didn't satisfy the loan because of the anti-deficiency statute in California? Am I protected under that law? The house is my primary residence and it has never been refinanced. My current loan is an 80/20 piggy back loan, with a 2yr fixed/adjust every 6 months. I'm just worry that the bank will come after me for the differences if I do foreclose on the loan. Any suggestions? Ideas? Alternatives? Is there any way I can avoid foreclosure? Any government agency I can turn to for help? I'm very stressed out so please advice! Thank you!