Archive for the 'Eviction' Category

Renters and Foreclosure - New Federal Law Affects You

In this time of economic difficulty, many new laws are being enforced} to help people get out of debt and prevent foreclosure. Such laws are coming into play in the national landscape as well being localized on state levels. What the current federal foreclosure law states is that residents of properties that have been […]

Bad Things Happen if You Ignore the Foreclosure Lawsuit

Homeowners facing foreclosure often receive the lawsuit paperwork in the mail and take either of two actions which will not help them escape the situation. Some frantically begin calling the lender or servicing company, attempting to work out a solution so that they can keep the home. Others will simply put the paperwork aside, not […]

Lost a Job? Prevent Eviction by Cleaning Out Foreclosed Properties

One of the businesses that have been booming despite (or because of) the current economic downturn is cleaning out foreclosed homes. When banks purchase homes at auction, they usually begin eviction proceedings. After the eviction has been completed, any items remaining in the property will be thrown away. The lender or the county, depending on […]

Contract for Deed and How Foreclosure Works

A number of homeowners exist in a kind of legal limbo between being renters and having a mortgage. They are not renting under a lease agreement, but they have not bought the property and obtained a mortgage. As well, they do not own the home they are living in outright. Instead, they have an agreement […]

How Tenants Can Deal with Landlords Losing a Home to Foreclosure

When 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? Will the new owner at the auction evict them, or will the purchaser honor the lease agreement? Unfortunately, many […]

Understanding The Foreclosure Process And Using It To Your Advantage

As most of you probably already know, your mortgage company will not accept your payments during the foreclosure process. The reason your mortgage company will not accept your payments is because they need to either be paid in full for all the arrears, or an acceptable repayment plan needs to be approved. If they accept […]

Officially in foreclosure- Questions and Answers

If you have officially received a foreclosure notice from you bank, you may several questions that need to be answered quickly.  This article is to help people who are past pre-foreclosure and now in foreclosure.  Here you will find answer to some of the most asked questions when in foreclosure.
I have received a foreclosure notice […]

Step by Step - Sheriff’s Sale Process

Most states in the US have their own legal processes when it comes to how a sheriffs sale can work. If you are facing foreclosure or sheriffs sale, it is a good idea to contact your lender or local attorney to be clear on how the process works in the state of your property. This […]

What Happens When Your Rental Property Goes Into Foreclosure

Going into foreclosure for the owner of any kind of property is a stressful experience, but today were going focus on another person it affects; the tenant in a foreclosed property. In some ways it can be a more stressful time, for someone renting a property that goes into foreclosure. One reason is […]

After Foreclosure, Maybe You Should Stay in the Property

Usually after a foreclosure and a sheriff sale, homeowners will need to move out of their former property, unless they are willing to run the risk of eviction by the county. However, times seem to be changing, and it may be worthwhile for borrowers to remain in the house even after it has been auctioned. […]

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