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Foreclosure Forum

How Does A Bidding On A Bank Foreclosure Work?

You show up at a foreclosure sale with a certified check as required in the notice (usually $5,000 or $10,000), if you want to bid. You can attend any advertised foreclosure auction if you just want to see how it works. If you want to

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Foreclosure Forum

Does Doing A Cash For Keys On Your House Show On Your Credit As A Foreclosure?

A cash for keys is basically voluntering to move from property and waiving your right of redemption.

Foreclosure Forum

Does Anyone Know If It Is Hard To Get Approved Through Wamu When Buying A Foreclosure?

Trting to buy a bank owned home..and waiting to see if wamu now known as Chase is hard to get approval from on a FHA loan?

Foreclosure Forum

Does A Note Modification Of My Mortgage Loan Negatively Affect My Credit Report?

Should have no effect on your credit report or your score.
Merely states that the terms where changed.
As long as there are no late pays on your history you are fine. If there are late pays on your history then those are what will have a negative effect.
And there effect could be lessoned if the bank

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Foreclosure Forum

What Is A Short Sale And How Does Realtors Represent Homeowners That Has To Short Sale Their House?

Please, serious answers only. thank you.

Foreclosure Forum

Does Bank Of America Adjust The Principle When Modifiing Your Loan?

I have been told I qualify for a loan modification and just waiting for the negotiator to follow up from B of A / Countrywide ( it takes forever! ) Has anyone had experience with a principle adjustment when your loan is modified?

Foreclosure Forum

Does Debt Settlement Hurt Credit Ratings?

When compared to bankruptcy, debt settlement has only minimal effect on your credit. A bankruptcy will be listed and hold your credit score down for 10 years, while the delinquent payments incurred while enrolled a Debt Settlement program will be there for only 7 years (and in some instance, even less). So at a minimum,

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Foreclosure Forum

Does Anyone Know Renter’s Rights In Ca Regarding Foreclosure In The Home That We Are Renting?

We have a lease for another five months and have found out that the owners have been defaulting on their loan. They are in pre-foreclosure right now. Are we legally obligated to pay the rent now that they have defaulted? How long does it usually take for

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Foreclosure Forum

How Do You Initiate A Short Sale And How Does That Affect Your Credit Rating?

I have a home and a lot I can no longer afford to pay for and am trying to figure out my best course of action to get rid of without filing for bankruptcy

Foreclosure Forum

How Much Does It Cost To File For Chapter 7 Bankruptcy?

Ok so, I have no money, which is why I’m filing for bankruptcy, yet it costs money to file bankruptcy. Make

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