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Yes. The new owner would take subject to the foreclosure as well as yourself.
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∙ 15y ago
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Can you sell your house while in foreclosure?
You can sell your house while it is in foreclosure. If the price is less than you owe the bank, the bank has to agree to the selling price first.
Can you put a house for sale in foreclosure?
You can put a house up for sale in foreclosure, but the foreclosure process could happen before the house sells. It doesn't make any sense, if you would like to sell the house, do so before foreclosure.
If foreclosure homes are sold at auction how are realtors selling foreclosure homes - Do they purchase the homes themselves or are they attempting to sell before the auction - How does this work?
the owner who is in foreclosure is attempting to sell the house before the foreclosure goes through. this is completely legal. if they want to sell the house for less than the amount that is owed to to the holder of the mortgage they will need to get the mortgage holders agreement.
Can you still sell house if in foreclosure?
Not under normal circumstances. It would be worth na consultation with a realtor.
What personal items will you lose during a foreclosure?
in virginia, do you get to keep personal items after a foreclosure or do you lose everything you own inside the house also
Can your mortgage lender sell you a home they own?
Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.
What happens during a property foreclosure?
During a property foreclosure, the lender sells one's mortgages house and use the sales proceeds to pay off the outstanding balance on the mortgaged loan.
What will happen if you stop making your mortgage payments?
The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.The lender will take possession of your property by foreclosure and sell it to a new owner.
Does foreclosure relieve the debt?
It means the bank holding your mortgage will take your house from you and you will be forced to leave. The bank will then try to sell the house. If they don't sell it for enough to cover the balance of your loan, they will probably come after you for the difference. Foreclosure will also badly damage your credit rating making it very difficult to borrow money in the future.
Do banks or homeowners have foreclosure auctions?
Lenders will occasionally have foreclosure auctions. Homeowners will often sell their property to avoid foreclosure.
Will a foreclosure on a construction loan have the same effect as foreclosure on an existing home?
Short Answer: Yes. You signed paperwork on the construction loan that would be very similar to the final loan. They will foreclose and sell the house at a sheriff's sale.
Will you go to jail if you sold the stuff in the house you moved into?
i hade to move out my foreclosure home can the people there sell my stuff and can they stop me from getting my things
