Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Foreclosure Help » How does a home foreclosure process work?

How does a home foreclosure process work?

If someone with an A paper loan goes into foreclosure because their home is worth less than half the value of the mortgage therefore bank does not approve short sale, and they lost their job, how does the process work? This would be for CA. And how long does it stay on the credit report and would existing credit card rates go up?

RELATED POSTS:

  1. Get the Best Foreclosure Help – Avoid Getting Your Home Foreclosed In these bad economic time there are a rise in home foreclosures and this is due to a couple of...

  2. How do I follow a house through the foreclosure process? I have a seller who will not sign a short sale offer but instead will declare bankruptcy. How do I...

  3. Whats the best way to acquire my parents home before it goes into foreclosure? Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so...

  4. How long does the foreclosure process take in New Jersey? I was wondering how long it takes for a house to go though the foreclosure process, through to the sale...

  5. Get Foreclosure Help – Stop the Banks From Foreclosing on Your Home If you have missed some mortgage payments on your home then you need to know that you may be close...

Written by

Filed under: Foreclosure Help · Tags: , , ,

3 Responses to "How does a home foreclosure process work?"

  1. steveko777 says:
    At this point it doesnt–As of Monday afternoon most lenders have suspended Foreclosures and Short-Sales—The rest will follow Tuesday. That is to give the President time to hammer out details of The Foreclosure Rescue Act. Its all over the news
  2. TCK says:
    Icecream,

    Not sure you did any checking but Steveko7 is correct. Here is a quick link; http://abcnews.go.com/Business/Economy/story?id=6872834

    That being said, this is only a temporary thing so you want to be prepared.

    My brother up in Boston was about to go through a foreclosure but ended up holding things off. He said he purchased a book from http://www.lasvegasforeclosurehelp.info.

    I know, he’s up in Boston, why did he get a book from Vegas….evidently a friend of his is going through the same thing who lives in Vegas and told him about this book.

    Anyway, he said the book answered a ton of questions and save him thousands in lawyer and loss mitigation fee’s.

    Hope this helps a little bit….

    Todd

Leave a Reply

Connect with Facebook

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player