Wouldn’t those companies make more money if they allowed everyone to keep their house and just lower their payment to something more affordable? Not only would they still be getting some money it would help the mortgage crisis. Correct me if i’m wrong. I wish it were that simple. When you buy a house and [...]

what i mean is…ive been browsing Craigslist.com and ive found homes for sale…actually rent to own…at a LOW LOW price…like 875-950 a month…the total mortgage is like 175,000….now if i try and rent that home will i end up paying more??…WHATS the catch??…can i take over the mortgage AND still pay only 875-950 a month???…or [...]

Our landlord has not told us the home we rent is in foreclosure. I found out through notices addressed to him in the mail and through a website listing our home in foreclosure. As it is we pay rent a month in advance and have decided to pay on time instead so that we do [...]

For the record, I have an MBA from a top 10 bus. school, and, a professional career in financial management. I am no chicken little the sky is falling thinker. This is an issue that is troubling and interesting. 180,000 foreclosures reported in July, 93,000 in that same month one year ago, and that, was [...]

I would like to buy a foreclosure home in the Madison, WI area. The home is on the foreclosure market for 75,000 but the appraisal is around 130,000. The home needs quite a bit of work and I’m wondering if I may be able to take out a mortgage for around 105,000 so that I [...]

I am under water and thinking of giving up my home. I have some cash in bank and some stocks in mortgage account? Would the bank come after my cash and stocks if i put my home for foreclosure? Thanks You need to talk to a Cetified Distressed Property Expert who is local to you. [...]

No. The property secures the home equity loan, and if you don’t make the payments, the lender will foreclose. addthis_url = ‘http%3A%2F%2Fwww.selviceevler.com%2Fhome-mortgage-foreclosure%2Fcurrent-on-first-mortgage-second-is-home-equity-loan-any-difference-in-foreclosure-if-late-on-home-equity’; addthis_title = ‘current+on+first+mortgage%2C+second+is+home+equity+loan.++Any+difference+in+foreclosure+if+late+on+home+equity%3F’; addthis_pub = ”;

My husband and I were about to lose our home. The mortgage company sent us some papers from their bankruptcy department offering for us to do a deed in lieu of foreclosure. After we signed the paperwork and returned it to them they decided to proceed with a foreclosure (3 months later). Can they do [...]

My sister an I have been thinking about purchasing a foreclosure home, unfortunately we were only approved for a 45,000 mortgage loan( and we have 2,000 saved up). We have been searching online and we saw many homes with a remaining loan balance under 10,000. Under our understanding, a hopeful foreclosure buyer pays what the [...]

This is probably a long shot, but I have foreclosed on a home within the past 2 years. I make too much money for any assistant programs by $30,000, yet I cannot get a mortgage because of the foreclosure, and also cannot get an apartment because of my now poor credit due to the foreclosure. [...]