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 Can landlord changed locks before eviction notice?
Background...we have never missed a month of rent before. We told our landlord on the 5th that we were going to be moving this month. and that we would pay her the rent up to the day that we are ...


 Mold problems/getting out of a lease?
We have a mold problem in the bathroom of our apartment. The landlord had a new shower installed, and my roomate took pictures of what was behind the old one and it was horrible! I think the guy ...


 What Do I Charge?
I'm wanting to lease one of my bedrooms to a college student and I need your opinions. Would you pay $375 per month for a bedroom with cable, internet access, kitchen use, full bathroom, and all ...


 How can my GF get her roommate to move out?
My GF is 48 and has a same age room mate that was a friend. They have a 1 year lease with 6 months remaining. The lease is in Michigan and my GF is the primary holder and her room mate is considered ...


 Is it legal to rent out a room or a condo if you don't have a landlord's license?
...Specifically, in Oregon, if the laws differ by state.

Thank you....


 If there are termites in a house would the seller or the buyer pay for the repair?
...


 3.5 months into buying a flat should i continue or drop out due to falling house prices?
i am close to buying my first property. its a leasehold flat in tenbury wells (west mids). i am growing very concerned with falling prices and dont want to but if im gona go straight into negative ...


 I'm single mom with health issues, my BF wants to buy a house and put my name ONLY on the mortgage and he pays
Is this wise? The reason I am having a dilemma:
I live in a bad neighborhood, my kids like him, we have been together for 6 years and I can't seem to hold a job without getting sick ...


 Moving house on imcome support..how do i get my furniture moved?
Im on income support and im moving house in 6 days, i assumed my homeless officer would help but shes now said that its my responsability to figure it out...i dont know what to do! does anyone know ...


 Is this is good mortgage interest rate?
I got a 6.8% on a 100% financed $181,000 mortgage. I have about 8,000 in savings and a 760 credit score. Is that a good interest rate for that type of mortgage?...


 My landlord came and told me i have 5 days to get out. help!!!!?
he came with this guy and the landlord said i sold the house to this guy. the guy said u have 5 days to get out or the sheriffs will come. they didnt give me any paperwork or nothing. i havent paid ...


 OK so I pay my rent on the 24th of each month. I am moving out on the 24th?
I don't owe my landlord and they don't owe me right? I can go ahead and cancel my bank payment?...


 If I want to kick my boyfriend out of our apartment, and he is not on the lease. How do I make him move?
Should I call the police? He is a violent alcoholic. I am scared of him
Additional Details
He did get very drunk tonight...I believe he is an alcoholic. I am scared for my safety and ...


 PLEASE help !! Is this NORMAL in rental lease?
Hello, can you please tell me if this is normal to be in a real estate Lease to rent a single family house? It seems a little strict to me..

Pets ( I dont have one but it still seems a ...


 If i rent a place 1br appartment with three people me my girl and our son age 6?
Lets say they only want two for one bed. And...we dont tell them whats the worst that can happen if we sign a year lease?

They will tell us after our lease we need to either move into a ...


 Is nine months an average time to list your home with a realtor?
my home has been listed for seven months, i just received a copy of the listing agreement that i signed but never got a copy, was never told about the length of it. thought 60 to 90 days but found ...


 Landlords, advise please?
we have tenants, the property is managed by letting agent appointments are made but they the tenants never keep to them.
at the moment the boiler needs to be serviced but the tennants have let ...


 If I have a 15% deposit on a property I wish to buy, do I still have to prove my earning's?
...or can I have a mortgage, no questions asked? I am a first time ...


 How much notice does a realestate agent have to give before showing an occupied house?
I am renting a house that the owner is trying to sell. I was told that the realestate agent has to give me 24 hrs. notice before they bring someone in for a showing. However, twice this week they ...


 What happens if a foreclosed home sells for a LOT less than it is worth?
In all this national talk about foreclosures, does anyone with a legal background know what happens to the homeowners if the bank short sells the property for a lot less than is owed on it because ...



TheSilence
If a bank forecloses on your home do they pay you back what you put into the mortgage in the years you had it?
                     
 




SndChaser
No, but if they sell the property for more than the amount you owe (on all your liens, plus costs of the sale, etc) then you'll get the excess. But if you had equity you probably wouldn't be in that situation...


mudsud
no you get a bill for what's left after they sell it at a reduced rate at auction


themligroup_com
No. They will take everything, to include your equity, payments and furniture if you leave it behind AND they will leave you with a bill, negative credit rating and so on.

Exception: Your house goes to the auction and a bidder buys your house for more than what you owe the bank (Opposed to what you owe on your mortgage). I say owe the bank because foreclosure is an expensive process, by time it is all said and done, you may owe the bank legal fee's, foreclosure fee's etc.

Hope this helps. If you are interested in getting rid of your house before foreclosure, e-mail me, I can help.


Emily Dew
Why would they? Did you live in the house during that time? Do you think you should have been able to live there (or anywhere for that matter) for free? It's not the bank's fault your home is being foreclosed on. Why should they give you back anything?


corezink
Rating
If a bank forecloses on your home, they pay back nothing and send you a bill for any other cost incurred. If they sell the place for less than you owe on it, your still responsible for the difference including the cost of selling it...


My Lord
Rating
Nope.


The UnknownAnswer
Rating
Oh, my gosh...I hope you are just asking this as a hypothetical

Absolutely not...and this will damage your credit or any chance of owning another home for years to come!

Not to mention the fines etc. you will still owe...it isn't like a walk away kind of thing, contact the bank and try some kind of negotiation


ondreforsure
Rating
The lender will typically sell the home and if there is a net loss on the property then the lender will 1099 you for the amount of loss in which they incured. And they will write off the loss on their taxes for the year as a business expense.


satarnag
Rating
I help people in foreclosure on a daily basis. If your home sells at auction for more than what's owed, including back payments and foreclosure costs, then you get that difference back. If you end up owing them money, they will most likely 1099 what is owed. In other words, it will show up on your taxes that you received monies in that amount and you will need to pay taxes on that amount.

If you're in Southern California and need help, let me know.

Regards


Miranda
um no sorry. you gotta pay the left over after auction.


Tadow
Rating
When the bank forecloses on your house, it is no longer yours.

When it goes to auction, the benficiary is the one putting the home up for auction.

The foreclosure process is the legal process by which your ownership in the property is legally transferred to the benficiary. He/she/it then liquidates the asset.

The answer is no. By the time it gets to auction, you don't own it.


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