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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

Short Sale. Is It Legal For The Seller’s Agent To Ratify The Contract When 3rd Party Approval Pending?

We have an offer on a single family home in Va for almost 6 weeks now. This is a short sale and 3rd party (bank) approval is a must. We thought about withdrawing the contract, but the seller’s agent offer to ratify it (accept no others’ offer). It doesn’t mean we will get the

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Foreclosure Forum

If You Obtained A Cash Out Refinance What Happens When It Ends Up In Foreclosure?

Example: You refinance with $200,000 cash out & house appraises at $650,000. The loan is $520,000. Value of property drops to $450K so you can’t refi; the cash has been spent & now it is going into foreclosure. What will bank do?

Foreclosure Forum

How Can I File Bankruptcy When I Have Very Little Income?

I need to file for bankruptcy and I need a lawyer that is cheap and will let me do payments because I am a single mom. I have to file and because I can’t afford to pay all the bills and it cost a lot to file. Is there a way to file and be

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Foreclosure Forum

When Gm Files For Bankruptcy, How Much Of The Stimulus Money Return To The Tax Payers?

The United States Government has invested billions of tax payer dollars into GM, Chrysler and Ford. I personally been against the government being involved with private industries and financial institutes.
Did you know that when a individual or corporation files for bankruptcy their dept is erased and their assets are liquidated.
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Foreclosure Forum

What Happens When A Credit Card Company Takes You To Court For An Unpaid Debt?

What happens when a credit card company takes you to court for an unpaid debt? What can you expect from the hearing? and does the defendant have an opportunity to negotiate a debt settlement?

Foreclosure Forum

If A House Is In Foreclosure, When Is The Best Time To Make An Offer To Buy It?

What do you do and how do you do it? I have a list of houses in various stages of foreclosure, now what?

Foreclosure Forum

When U Short Sale Your Home, What Happens To The Remaining Balance Owed?

Say I owe $200,000 left on my mortgage balance, and I then short sell it for $130,000. What happens do the remaining $70,000? Does the bank just eat it or is there a tax liability? If that would be a tax liability, then what is the point of even having that loan

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Foreclosure Forum

How Do You Place Conditional Orders When Buying To Cover After A Short Sale?

Say that I short a stock when the price is $10. I want to place orders to automatically buy to cover in two situations:
1) If the stock price increases to $11; and
2) If the stock price decreases to $9.
How do I enter these orders? Do I use a stop order for both? Or a stop

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Foreclosure Forum

When You File Bankruptcy Chapter 13 Do They With Hold Your Refund Check?

My sister filed bankruptcy because of medical bills and had beard she will not receive a refund on her taxes? She filed chapter 13 which means her creditors are being paid off and they deduct it after taxes on her paycheck.