Foreclosure Avoid » Avoid Foreclosure

What Does Pld: Notice Of Filing Commitment For Owners Policy Of Title Insurance Mean In A Foreclosure Docket?

Mon, 12 Jul 2010 20:00:49 +0000

My landlord of of my apartment has been in the foreclosure process for months and has given no service to all of the civil summons. Basically he is trying to avoid and run. I have been following the online docket closely and I can not wait to see this scumbag slumlord to lose the building so the bank can come and stuff can actually start getting done around here.
The management has tried to tell us that the bank is coming and no one can explain anything to us, so I would appreciate any explanation very much. Does this filing mean he is getting the building back or what?
Here is the link to online docket in case any more information is needed.
Thank you soo so much!http://apps.co.lucas.oh.us/onlinedockets…

Short Sale Vs. Foreclosure?

Sun, 28 Feb 2010 19:58:14 +0000

My exhusband and I went through the process of a short sell on our house to avoid foreclosure. Does this look the same on my credit report?

Home Is Going Through A Short Sale, Who Pays For The Realtors?

Sat, 27 Feb 2010 20:31:22 +0000

My home is trying to go for a short sale to avoid foreclosure. I’m going into foreclosure because I don’t have any money. If the short sale goes through and there is a winning bid, who ends up paying for the closing cost and the Realtors?

Imminent Foreclosure?

Fri, 26 Feb 2010 19:55:23 +0000

Our house payment has increased by $900 and one of the family members has lost job, so most likely we’ll have to go with a foreclosure (no equity for refinance). Anyways we have been talking to some loan officers/realtors and they said that “short-sale” is one of the options to can take to save our credit and avoid foreclosure. Taking their advice, I called several companies who had “We Buy Houses” ad on the road sides and their offers seemed too good to be true, saying that they will offer 5 months rent for free if we agree to let them buy our house in short sale. This obviously seems like a scam. So I just wanted to know what is the “correct” procedure to go with a short -sale and what things should be avoided ?
( 2nd Option)
Moreover, we are also thinking about doing a “quit-claim” and transfering the property title to only one family member. However, our loan had several co-borrowers so we were wondering if doing a quit-claim save the rest of the families credit ?

Disadvantages Of A Sale Leaseback For The Investor?

Thu, 25 Feb 2010 19:56:17 +0000

My friend was approached with a Sale Leaseback opportunity. She is promised a certain amount of money over time. She will act as the investor in the situation.
Does anyone know if this is a scam or risk to the investor?
The agent set up the buy of the house on a foreclosure. She takes out the loan, at the end of the lease, the agent gives her money made off of the people who signed the house over to her to avoid foreclosure.

Have You Gone Thru Foreclosure & Chapter 7?

Wed, 24 Feb 2010 20:24:16 +0000

We recently filed Chapter 13 to avoid foreclosure, but now I am thinking about letting the house go and changing to Chapter 7? We can’t afford the house mtgs, taxes and insurance on our reduced salary. Question – in a chapter 7 can the creditors (?) come in and take stuff from your house? If so, what are they looking for – high ticket items? We do not have any. Husband is afraid they will come in and take all kinds of stuff. I disagree. With all the foreclosures coming down right now, they do not have the time or expense to chase all these down.
What about the 2 cars we are behind on payments on?
Has anyone gone thru this?

What Will Happen To Other Property If Someone Has A Foreclosure ? ( Please Read Details )?

Tue, 23 Feb 2010 20:29:00 +0000

I am trying to help a family memebr avoid bankruptcy and her situation is dire . She lives in an area where the real estate market has stalled out . Her primary residence has a huge payment plus two home equity loans . She has a smaller house that she had been renting out just to make payments . The tenants moved out with no notice . Each month she gets deeper into debt . If she were to sell either house she would still be upside down on the loans . She is at a point where she is not able to pay the larger loan . What will happen to the two equity loans if she goes into foreclosure ? Her credit is already pretty well destroyed .

Other Than A W-2 Is There A Way To Get A Companies Tax Id Number?

Mon, 22 Feb 2010 20:33:23 +0000

I am trying to avoid foreclosure and can file my taxes electronically all I need is a federal tax id for the company Teletech Holdings Inc. Any help?

Will Lending Institutions Settle The Loan For The Estate Of A Deceased Person For Less Than The Payoff?

Sun, 21 Feb 2010 20:16:29 +0000

Real estate mkt is very bad so can’t get a buyer for a house owned by my deceased relative. Trying to avoid foreclosure on the decendent’s home.

Is There An Incentive To Allow Your House To Foreclose?

Sat, 20 Feb 2010 23:04:28 +0000

I’m looking into buying a foreclosed house or possibly talk with a homeowner in the LA area who has a Notice of Default to take over the title and help them avoid Foreclosure. (Plus this is the only way it seems I can afford a place.) Does anyone know if there is incentive for someone to let their house foreclose? If not, why not make offers way below market value to NOD homes? I’m just trying to understand how the market works. Also, can you make offers on Foreclosed homes that would be considered by banks, or do they usually deal with specific REO banks and auction companies? Thanks.