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This is how it works: After foreclosure, your lender or a new owner may file for eviction if you’re still on the property. Like foreclosure, the eviction process varies by state and location ...
In the short term, filing for Chapter 7 may actually help you stay in your home, says Bryan Bowmer, broker and owner of Future First Lending, based in Tustin, California.
How to get a mortgage after foreclosure. Despite the foreclosure, you can own a home again with patience and strong financial habits. Before you attempt to make the purchase, though, do the ...
The rescue artist will express intention to reconvey the property back to the homeowner in the form of a lease or a contract for deed. Simple mortgage assumption allows the owner of the home in foreclosure to transfer the deed to the property to the rescue artist without the involvement of any lender. This results in a transfer of ownership and ...
The Home Equity Theft Prevention Act (HETPA, NY RPL §265-a) is a New York State law passed on July 26, 2006, to provide homeowners of residential property with information and disclosures in order to make informed decisions when approached by persons seeking a sale or transfer of the homeowner's property, particularly when homeowners are in default on their mortgage payments or the property ...
[citation needed] If in fact, the city did not have a good title or the city could not convey a good title, then the new landowner is unlikely to be successful in obtaining a refund of the purchase price. [4] Some states require a specific form to be used. [5] Some states also allow a grantor (or seller) to add warranties.