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Foreclosure Forum

What Does This Mean: “bank Approval Required For Short Sale”?

I am looking at houses online for sale and I don’t know what this means exactly. I was hoping for an answer tonight – I’ll talk to my realtor tomorrow. Thanks!

Foreclosure Forum

When Will My Mortgage Bank Report Foreclosure To The Credit Burreau/ Credit History?

When will my mortgage bank report foreclosure to the credit burreau/ credit history?
i haven’t payed my mortgage for 3 months. when will my mortgage bank report foreclosure or when will it show on my credit history?
i live in Pennsylvania. and the bank is Bank of

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Foreclosure Forum

Have Been Asking Chase Bank For Short Sale Since Jan 14. If Not 4closure Is Imminent, Should We Pay Prop Tax?

Husband lost his job in Dec. Just had a baby in Dec. Prop is investment property in FL with tenants who if approved want the short sale. Property tax …. to pay or not to pay in light of short sale or foreclosure? Also .. Any advice on

Continue reading Have Been Asking Chase Bank For Short Sale Since Jan 14. If Not 4closure Is Imminent, Should We Pay Prop Tax?

Foreclosure Forum

Has Anyone Dealt With Flagstar Bank For A Loan Modification?

I currently have a fixed 6.5% 30 yr fixed loan. I recently got laid off and my wife works full-time, but is not on the loan. We are having trouble with making the payment at this point and could actually catch up, but that would leave us with no Continue reading Has Anyone Dealt With Flagstar Bank For A Loan Modification?

Foreclosure Forum

Should I Ask The Bank To Do A Short Sale/ Or Modify My Loan?

Which one is best to do? wHow will the short sale affect my credit vs a modified loan?

Foreclosure Forum

Help?!?! How Long Does It Take For The Bank To Accept An Offer On A Pre-foreclosure Home?

I put an offer on a pre-foreclosure home. The sellers signed it and were really excited about the offer and passed it onto the bank. I don’t know that much about pre-foreclosures, so how long will it take to find out if I got the house or not?

Foreclosure Forum

In A Short Sale (mortgage), Why Does It Take 60 Days Or More For The Bank To Make A Decision?

We have been waiting for over 30 days for an answer on a short sale property offer we made on a house that the current owner will abandon as part of filing Chapter 11bankrutpcy. The bank (Homecomings Financial) has been totally unresponsive whenever our Realtor makes contact with them–their consistent reply is: “we don’t

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Foreclosure Forum

Need Help With Chase Bank Loan Modification Problems?

Has anybody else run into this issue? After getting the runaround from Chase two weeks ago, we received our loan modification documents in the mail last Friday. Only problem is that they are asking for a trial period payment on April 20th and another one on May 1! We just paid our

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Foreclosure Forum

During Foreclosure, Does The Bank Have A Right To Collect The Money From Your Other Assests,incuding Accounts?

It is hard to find info about the person being foreclosed on, and what are the steps that happen to them. Does the bank try to get a collecting agency to liquidate all your assets, so they get their Continue reading During Foreclosure, Does The Bank Have A Right To Collect The Money From Your Other Assests,incuding Accounts?

Foreclosure Forum

If My Home Goes Into Foreclosure How Long Appox. Will It Take For The Bank To Sell It?

I live in BC Canada and there is a big chance that my house might go into foreclosure very soon if some money doesnt come through quick. I was wondering if anyone knows

Continue reading If My Home Goes Into Foreclosure How Long Appox. Will It Take For The Bank To Sell It?