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If you are not paying your mortgage, your credit is taking a hit each month, so this would be like bailing out a boat while punching holes in the bottom. The best thing to do is wait for the damage to cease, then work on re-building.
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∙ 12y ago
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Is it better or worse for your credit to let the bank foreclose on a mortgage of a second property while facing bankruptcy?
A foreclosure or bankruptcy is never good for your credit, this is something you'd be better off discussing with an attorney. You can avoid foreclosure by filing bankruptcy.
How long is the hdfc credit card approval process?
The credit card approval process can range from instant credit approval (such as a mere sixty seconds) to over a few days while the bank does a detailed credit check on you to ensure you are low risk.
Can you rent out your home while home is in foreclosure?
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
Is it possible to stall foreclosure and how long can it be stalled for?
It is possible to stall foreclosure for up to two years using bankruptcy and a variety of other tactics. Getting what is called a Stay is a process of fighting back against the bank, and fighting for your right to stay in your home. Stalling foreclosure is not the simplest process but it can be done, and should be done if you are upside down in your mortgage, and thinking of filing bankruptcy. I have been going through foreclosure, and besides using an attorney, I found this book pretty helpful called the Stall Foreclosures E-Book. You can get this book, and read through it before you start the process to sort of give you a background on how to manage to stall foreclosure and stay in your home while fighting back. It is at www.StallForeclosures.com
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 I do a Bankruptcy and foreclosure with a second mortgage at the same time?
YOU don't evcer do a foreclosure on what you own. the bank does. Bankrutpcy overrides foreclosure and in fact will essentially delay it while the property is sold in the BK process.
Is it better or worse for your credit to let the bank foreclose on a mortgage of a second property while facing bankruptcy?
A foreclosure or bankruptcy is never good for your credit, this is something you'd be better off discussing with an attorney. You can avoid foreclosure by filing bankruptcy.
How do I avoid foreclosure on my home when I have lost my job?
There is only one way to avoid foreclosure - make your payments. Any other method merely delays the inevitable. In extreme cases, depending upon the state you live in, bankruptcy can temporarily stop the foreclosure process while you get back on your feet.
What companies give car auto loans to those with bad credit?
There is a company called JD Byrider. They advertise that they will give you a auto loan no matter what your credit score is, and they will help you rebuild your credit while you pay off your car.
Can you rent out that home while that home is in foreclosure?
Yes, you can. But you must tell your new tenant about the foreclosure so that he can make a good decision on whether to rent the home. The new tenant will receive instructions from the foreclosing entity when the process has reached that point.
How long is the hdfc credit card approval process?
The credit card approval process can range from instant credit approval (such as a mere sixty seconds) to over a few days while the bank does a detailed credit check on you to ensure you are low risk.
Can you rent out your home while home is in foreclosure?
Yes you can, but in most states you have to tell the potential tenant about this foreclosure.
What happens when you own a home with your partner who is in foreclosure on another home?
Nothing happens to you.. It wont affect you anymore that it affects me... LOL But your partner will have a foreclosure on their Credit Profile. You are responsible only for the payment history on any loan with your name on it. The Foreclosure that your partner suffered shows only on the foreclosed party's credit bureau. You probably won't want to use that person as a co-borrower for a while. No mater what the type of Lender you apply to, you will have a rate and or fee add-on; due to the partners previous foreclosure. Trenton "Trent" Sims California Broker 310.422.0435, 310.807.9230 Tsims@Green PlanetFunding.com
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.
Is it possible to stall foreclosure and how long can it be stalled for?
It is possible to stall foreclosure for up to two years using bankruptcy and a variety of other tactics. Getting what is called a Stay is a process of fighting back against the bank, and fighting for your right to stay in your home. Stalling foreclosure is not the simplest process but it can be done, and should be done if you are upside down in your mortgage, and thinking of filing bankruptcy. I have been going through foreclosure, and besides using an attorney, I found this book pretty helpful called the Stall Foreclosures E-Book. You can get this book, and read through it before you start the process to sort of give you a background on how to manage to stall foreclosure and stay in your home while fighting back. It is at www.StallForeclosures.com
Can you modify a Deed of Trust in Maryland while in foreclosure?
No.
What is the concept of credit rebuilding about?
Someone's credit needs to be rebuilt after they receive enough negative credit report information, and their credit score drops. To rebuild your credit you have to make sure you pay all of your bills on time. If you have a credit card, you need to pay it on time every month, and stay below your limit. After maintaining good habits for a while, your credit score will start to go back up.
