 Can you be evicted out of your home for not paying one month's rent? |
| I told the lady that I don't have the money for the rent ahead of time. However, I opted to give her what I had for now even though the month isn't over. She said that she couldn't ... |
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 How Often is Rent due for an apartment? |
I am currently looking up the prices for the rent of apartments of where I am moving eventually and I am wondering how often the rent is payed.
There is a place that is $1000 rent. now i ... |
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| I am trying to refinance my home equity loan. Each time I try to call a lender, they all want to run my credit report which I understand because that is the only way to check my FICO, debt ratio and ... |
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| When we moved in I saw the previous owners leave with the loft ladder. Not a great issue, I replaced it with one from a DIY shop. It cost about £30. Now the house I am moving to doesn't have ... |
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| I'm planning on selling my home in about 5 years anyways. Is there some other catch with this kind of loan that I should be wary of?... |
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| I am looking to rent an apartment with my fiance, and we found the one that we like, but the landlord is asking for both our credit scores... is that leagal? or one is enough?... |
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| Buying a house and the inspector says it needs a new roof but it's only 6 yrs old.... |
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| I can't take my roommate anymore. I am tired of babysitting her kids and she can be irresponsible. I will feel bad for the kids but I have kids of my own that I have to take care of. I have ... |
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 Landlord keeps calling about the rent before its due.? |
| My landlord is a pain. She never comes and fixes things that have been wrong since day one. My rent is due on the 1st, but is not considered late until the 7th. She called me on Feb 25,2008 asking ... |
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| We would like to find out about making an offer to our landlord who we currently privately rent a property from. What should we do? What sort of discount would we be entitled to?... |
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| a nice 2 bedroom apartment in farmville virginia nice kitchen a nice bathroom a laundry room a nice front ... |
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 Can a home builder refuse to return my deposit after not building the house? |
Last November 2006 I signed an agreement with a home builder to build a house for me and my family in Laurel, MD
As part of the agreement, I deposited $25,000 for the home + another $10,00... |
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 Do you have a better chance of qualifying for a home morgage if you are working rather than retired? |
Home lone qualifying
Additional Details
FIY I never bought a home, but have worked almost 39 years in the Railroad industry. The pension plan is the Railroad Retirement anuity, and ... |
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My landlord takes the fruit from the trees in the yared of the house I rent.
Since I pay the rent and the water bills isn't the fruit mine?... |
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| i need game that u can build your own houses and move in and u can make a persons and dress them up .... |
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 Am I responsible? Can she keep my deposit? |
| I recently moved out of a property and still haven't had my deposit back. The guy who replaced me has moved out after 3 weeks and never signed a contract or gave a deposit. I'm not even ... |
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 Who is at fault tenant or Landlord? |
| Our pets got out of the fence, after we repeatedly asked the landlords to fix it, and caused damage to someone else's property. They evicted us and charged us an unauthorized pet deposit for ... |
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premo_90066 | My house is up for auction in the next month, I was wondering is it possible for me to win back my house? |
from the auction? If yes, whats going to happen with my previous loan on that house?
Thank You! |
 |
 
Ollie's Mommy
 |
Even if you "win" the house back at auction, you will still be responsible for the amount that is left over from the past loan. I would seriously suggest that you make all past payments and try to keep it from the auction block or refinance it if possible. |
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Pengy
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Question, so if you are foreclosed on who is going to borrow you the money to repurchase? |
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Ben V
|
It all depends on what state your home is in.
In CA for example, you could try to buy your home at the auction, you'd have that right. You would only owe money to the lender if you have ever refinanced the home. Any amount that was left unpaid after the foreclosure costs and auction will be counted as debt forgiveness (unless they receive the deficiency judgement mentioned above if you had a refinanced loan) and you'll receive the 1099 that will require you to count the forgiven amount as income.
Best of luck. |
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geistswoman
|
No point in bidding on your own house. Whomever buys the property will be responsible for any liens on the house. In essence you need to start paying back what you owe to keep the house from going to auction. If you bid on it yourself you will still owe the same amount. |
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hirebookkeeper
 |
The loan will be paid off first. Then what isnt paid on the loan will go to you on a Tax form 1099 as income to you. |
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CardWarrior
 |
Yes, you can bid for your own house at the foreclosure auction.
If you win the house at auction, you still might be subject to a deficiency judgment. This occurs when the property at the auction doesn't get the amount required to pay off your original loan. You could still be liable for this amount, if you don't work something out with the lender. |
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Mark B
 |
Kimi D is right
I'm guessing you got foreclosed on. Say the mortgage payoff is $100k. You are liable for that amount right now.
If the house sells at auction for $90k, you are still liable for the remaining $10k regardless of who buys it. |
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Leo F
 |
You didn't say what type of auction if its a trustee sale on a deed of trust and there is no right of redemption on this type of sale, a sheriff sales have a 2 year redemption period . Yes you can but the opening bid will be balance owed on loan + back payments + late payments + trustee fee and it's all cash and you still have to be high bidder. The trusee is acting on behalf of the lender. If the house sells at auction the loan and all owed will be paid by the high bidder and your loan is gone. There still will be a forclosure on your credit report. If the house sells for more than owed you can claim that money, it will be held in a trust account and you will have to contact the trustee that handled your house. If the house does not sell then it goes back to the lender and the lender will try and sell the house. If the house sell for less than owed then the lender may come after you for the difference on a judgement. |
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SCH
|
You are not winning your house back, you are keeping it...so now that we have that clear...
After a forclosure auction there is usually a redemption period (this is for mortgage foreclosure, not tax foreclosure...with tax foreclsoure there is no redemption period). Usually the redemption period is 6 months and you have that amount of time to bring the payments current pay any fees and requalify for the mortgage. If you have abandoned the home this is a different story.
You do have options before the house goes to foreclosure though...check out this website for some ideas to keep your house off the auction block:
http://www.hud.gov/foreclosure/index.cfm |
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dj
 |
First of all bank will put your home on " power of sale " which is exactly what you call auction. I would show you calculation as follows. Your House price 300,000 ( down 10000 + 290000 mortgage ) and after let's say 1 year outstanding mortgage is 280000.
If bank gets 280000 ( generally power of sale house sells cheap ) then they will keep full amount towards their payment, and you will have nothing.
You can only "WIN" by avoiding this auction, and your financial planner of good morgage broker can help you in a great way. |
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Genki
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If it's being auctioned at a trustee sale, in my county you have to pay in full in cash (cashier's checks) at the time of sale. |
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imissmahboo
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yes you can bid on your house also - if the bank does not make the amount you owe on your loan back it would most likely go on your credit - |
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