Archive for the 'Foreclosure Legal Process' Category

Going Into Foreclosure for the Second Time on the Same House

If homeowners fall behind on their mortgage once, but are able to stop the foreclosure process before losing their home, and then fall behind again, the bank will start to foreclose on the house all over again. However, it will not be able to begin the lawsuit at the point it left off the first […]

Forced Foreclosure — What Does It Mean?

There can seem to be an infinite of unfamiliar terms that homeowners in foreclosure come across when attempting to understand what is happening to them and how they can escape the process with their home and credit intact. One of the more uncommon terms, but one which can cause quite a bit of confusion when […]

Who Files for Foreclosure — Homeowners or Banks?

Many homeowners seem to consider “filing foreclosure” as a way to deal with a financial hardship and give up a mortgage payment they are no longer able to afford. They may want to know how they can file for foreclosure the best way, or how to do it at all. However, this misunderstands the foreclosure […]

When Should You Move Out when Facing Foreclosure?

No matter how far homeowners fall behind on their mortgage, leaving the house before they are given an eviction notice can be a mistake. There are a number of different strategies that homeowners can use while facing foreclosure but before moving out to put themselves into a better financial position to deal with the aftereffects […]

Two Types of Foreclosure — Which Will The Bank Use Against You?

In many states, the mortgage company can pursue either of two different types of foreclosure. A judicial foreclosure involves a lengthier legal process and requires a lawsuit to be brought against the homeowners in a county court, while a nonjudicial foreclosure avoids the lawsuit and proceeds directly to the sale of the property under specific […]

Read the Court’s Foreclosure Lawsuit Documents — They May Not Have a Case

While reading some information on an online forum about foreclosure and legal issues, I came across this extremely interesting post by a homeowner dealing with a foreclosure. It really illustrates the importance of opening all of the mail that comes from the lender and the court system, as well as reading all of the documents. […]

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