I am seeking to buy my first home and I would like to look into foreclosure homes, but everywhere I look they want my credit card. Does anyone know where to get these listings with out paying?
I would recommend you to visit http://www.badcredittools.com, and search for the Foreclosure Homes in the search box. should be able to get long list of such houses.
How much would the foreclosure of a $150,000 mortgage affect a credit score, and for how long? Let’s say the mortgage is about a quarter paid off, and the credit score is relatively good (~650).
7-10 years?
That sounds more like a bankruptcy.
Please note: this is purely theoretical. I am not going through a foreclosure, and I likely won’t, so please don’t sympathize with me. I, however, sympathize with you; it must be incredibly tough to go through one.
Foreclosure, bankruptcy and repossessions all affect credit scores about the same, between 100-150 points as soon as they hit your report.
They will show for 7-years but you can re-establish your credit score in the first 24-months if you work at it.
Credit scores are 90% based on the last 24-months of history so if you pay everything else as agreed for the next 2-years your score will jump back up, the foreclosure will still show but you will have re-established your score.
If you’re so rich then why are you in foreclosure?
I do loss mitigation (loan workouts) for a living and I haven’t run into an issue doing what you ask for dozens of people in your position or worse, shoot me an e-mail with your address, balance you owe and the name of your lender or lenders.
With that info I can tell you if it’s do-able or not before you commit to sending me any "personal" information.
This is not one of those deals where you sign over the property to me or anything like that, do not sign over the rights to your home… EVER!.
I’m located in CA but I can help you out regardless of what state your in.
They have lost their jobs and can’t make a mortgage payment. Are there programs out there to help?
Just search around for a refinance firm and make triple sure they are part of the BBB network!
A friend of mine stopped paying for their home that is upside down. Now it’s in foreclosure and they received notice of auction date. Do they still have a chance to negotiate with the bank to sell property on short sale? Please advise.
Not really. The sale would have to close before the auction date, and even if the buyer has cash there isn’t going to be enough time.
Your friend did not just hear about this, at least 4 months have passed.
I’m going through a divorce and the house is going to foreclosure but I have about $23,000 in high interest credit card debt and I just got laid off. What should I do?
file for bankruptcy ,,,that is safe for you [and also practical],,,
I’ve heard rhode island is pretty quick. we cant afford o pay and the mortgage company refuses to pay. How long do we have before we have to be out of the house?
mortgage company wont "help" not "pay"——sorry typo
Power of Sale Foreclosure Guidelines
If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows:
The lender must mail a written notice of the time and place of sale, by certified mail, return receipt requested, to the borrower at his or her last known address, at least twenty (20) days prior to the first publication, including the day of mailing in the computation.
The lender must give notice of the sale by publication in some public newspaper at least once a week for three (3) successive weeks before the sale, with the first publication of the notice being at least twenty-one (21) days before the day of sale, including the day of the first publication in the computation.
Said notice must contain the names of the borrower and lender, the mortgage date, the amount due, a description of the premises and the time and place of sale.
My husbands work slowed down due to the economy & we started on the Home Ownership Retention Program through Bank of America.{We are former Countrywide customers before the buy out}. Well we completed the modified 1/2 price house notes for 6 months & instead of modifying final new payments to be less they want more & we can’t afford it. Is there anything that can be done to save our house if Bank Of America refuses to help? We are current on all other bills.
I really don’t understand what you have done. But, If I was in your position of maybe losing my home………..I would take my papers to Bank of America and be VERY active in getting answers.
Do not take no for an answer………Don’t let them slip you thru the woodwork. The Squeeking link gets the GREASE………..Good luck.
please answer
Like liberals, it assumed the answer to affordable housing was cheap money, not cheap houses. It printed barrels full of new "cheap" money for banks to lend to people to buy $200,000 houses when verifiable income would have indicated a $50,000 house was out of reach.
