With the anticipation of a deficiency judgment, borrowers may feel like they will never be able to move on after foreclosure. However, this is simply not the case. The potential for a deficiency judgment can be very small.
Latest Foreclosures Articles
Limitations on Awarding Deficiency Judgments to Banks After Foreclosure
Posted on November 5, 2009 by Nick AdamaYes, it Is Possible to Reverse a Foreclosure Auction
Posted on November 5, 2009 by Nick AdamaIs there really no hope for borrowers whose homes have been sold and the auction has been confirmed? In most cases, this is not true, as there are still some remedies available to reverse a sheriff sale.
Loan Modification Help Center - Foreclosures of the Rich and Famous
Posted on October 31, 2009 by Anthony DeanThe current real estate crisis is hitting white collar workers, blue collar employees, business owners, union members and just about everyone else. This list includes celebrities as well. Toni Braxton, the singer who topped the charts with "Unbreak My Heart," has defaulted on her mortgage payments and now Bank of America is looking to foreclose on her home. Ms. Braxton has a home in Century City, CA, which is located on the west side of Los Angeles. She allegedly owes over $12...
Tax Foreclosure and Mortgage Foreclosure - Similarities and Differences
Posted on October 31, 2009 by Nick AdamaSome homeowners experiencing double-digit percentage increases in their yearly tax burden, even as they are working fewer hours or taking pay cuts will inevitably come to realize that they can no longer afford to keep up.
Foreclosure of Manufactured Homes
Posted on October 31, 2009 by Nick AdamaClose to eighteen million people live in manufactured homes. The target market for many of these properties are people with low income who are otherwise unable to afford a single family house.
Habitat for Humanity Homes Booming in the Current Climate of Foreclosures
Posted on October 31, 2009 by Gary AshtonIt is refreshing to see that even in this current economic climate that the kindness of strangers still exists; in 2008, Habitat for Humanity helped over 50 thousand families in their need for affordable housing. With the number of foreclosures remaining steady across the nation, it is heartening that some families are finding respite from their environments of poverty and finding their way into a home of their own.
Short Sales & Foreclosures: Buying Homes in Peril
Posted on October 31, 2009 by Gary AshtonThe economic climate of the past year or so has led to the proliferation of homes in distress, facing short sales and foreclosures; many of these homes have made it to market where buyers are hungry to snatch up deals. While many prospective home buyers are eager to lay claim to one of these possible bargains, the fact is that not all of these homes will be a bargain.
Banks Sometimes Have More Incentive Not to Pursue a Foreclosure Deficiency Judgment
Posted on October 31, 2009 by Nick AdamaHomeowners are often worried about further collection attempts after a foreclosure has been completed. But in most cases, there is little chance of a deficiency judgment.
Avoid Tax Lien Foreclosures
Posted on October 30, 2009 by Jackson GreenTwo scary things in today’s economy are taxes and foreclosures. Put those together and you are facing the possibility of losing your home. Most people don’t realize that even if you are up to date on your mortgage payments, a tax foreclosure can still force you out of your residence.
Financial Books to Let You Invest Smartly by Dr. Harsimran Singh
Posted on October 29, 2009 by Dr. Harsimran Singh.Online bookstore: Buy online best Real Estate books, Financial Books, Religious books, Spiritual books, General books only available at Drsinghbooks.com
Popular Foreclosures Articles
Will You Ever Have to Pay a Deficiency Judgment From a Foreclosure?
Posted on April 30, 2008 by Dave DinkelDiscover how foreclosure and deficiency judgments are related, and what alternative solutions can be used to reduce or eliminate this type of judgment.
After a Sheriff Sale, What Happens to Tenants?
Posted on November 6, 2009 by Nick AdamaWhen homeowners face foreclosure on a property they are renting out, tenants often begin to worry about the status of their home. Will the landlord be able to avoid foreclosure? Should the tenants stop paying rent?
Discover the Greatest Secret of Foreclosure - Overage
Posted on April 23, 2008 by Dave DinkelDiscover what professional investors don’t what homeowners to know. See how the law protects certain homeowner rights, but only if they are aware of them.
How Does a "Deed in Lieu of Foreclosure" Work?
Posted on April 30, 2008 by Dave DinkelA "Deed in Lieu of Foreclosure" transfers the deed to the foreclosure property to the lender, but does it really benefit the homeowner? Here is where to find out the startling answer.
Foreclosure Process in Ohio
Posted on July 10, 2008 by David SwiftLenders do have the right in Ohio to see a deficiency judgment. This means that if the bank feels that the money generated by the sheriff's sale has no other assets worth pursuing by the bank. Deficiency judgments are therefore rarely sought.
Buy a Second Home to Avoid Foreclosure
Posted on October 9, 2007 by Nick AdamaSome homeowners, when facing the threat of a potential financial hardship, decide that their current house is too expensive and will most likely be lost to foreclosure. The homeowners may not be behind yet, but they know there will be a loss of income or their mortgage payment will reset to a higher payment. So, there is often a tendency to purchase a new, smaller home before the crisis occurs and allow the old home to be taken away by foreclosure. In some cases, this is not such a bad idea.
Generating Leads With Powerful Marketing Strategies That Really Work
Posted on November 14, 2007 by Marko RubelThis is the first installment of a six-part series on foreclosure real estate investment by Marko Rubel
Facing Foreclosure? You May Have Other Options
Posted on November 28, 2008 by Lee CameronIf you are facing foreclosure, you're not alone. Help may be out there if you know where to look for it and what to look for.
Foreclosure Process in Kentucky
Posted on July 6, 2008 by David SwiftIn such a situation the court will decree the amount of money the homeowner must pay the bank and also gives them a short time in which to pay that money. If the homeowner should fail to pay that money in the allotted time frame, the clerk of the court will then be required to advertise the sale of the home.
Avoid Foreclosure
Posted on June 11, 2009 by Samantha TThere are several ways to avoid foreclosure and loan modification is the best one. Find out how you can avoid foreclosure through loan modifications and the various ways by which your lender can modify your loan.
