Can A Short Sale Be Denied? Your lender can decide that you or your property do not qualify for a short sale. It is never required for a mortgage company or bank to accept a short sale payment to satisfy your loan amount. The company can deny your request without citing a reason. What happens
How Does Buying A Foreclosure Work In CA? Do I need cash to buy a foreclosed property? Show Details. No. Many REO properties qualify for financing. Do you have to have cash to buy a foreclosed home? Do I need cash to buy a foreclosed property? Show Details. No. Many REO properties qualify for financing.
Can An Individual Be Forced Into Involuntary Bankruptcy? Involuntary bankruptcy is a relatively rare proceeding but the law does provide for it. An involuntary bankruptcy is usually not filed against individuals, and your creditors cannot force you to file a Chapter 7 or Chapter 11 unless you meet certain tests. How do I force someone
How Does A Foreclosure Affect Me? A foreclosure is a significant negative event in your credit history that can lower your credit score considerably and limit your ability to qualify for credit or new loans for several years afterward. How long will a foreclosure affect me? A foreclosure stays on your credit reports for seven
Can I Get A Mortgage With Foreclosure Redeemed On My Credit Report? The best way to qualify for a home loan with a foreclosure on your credit report is to immediately begin rebuilding your credit. Sub-prime lenders would approve mortgages for credit scores as low as 580 in this past, but this is no longer
What Is The Redemption Period In Ohio? The time between the sale and the court’s confirmation is called the redemption period. During the redemption period, you have the legal right to buy your home back for the sale price plus any fees incurred during the foreclosure process. Is Ohio a right of redemption state? In
Are Foreclosure Documents Public? States such as California have freedom of information laws that allow citizens access to all public records. … For example, request, “All property records and all foreclosure documents associated with the property at x address.” You might have to pay a copying fee for the records. Where can I find out
How Bad Does A Foreclosure Ruin Your Credit? According to FICO, for borrowers with a good credit score, a foreclosure can drop your score by 100 points or more. If your credit score is excellent, a foreclosure could reduce your score by as much as 160 points. … Typically, it will take three years or
Does Foreclosure Count As Eviction? Cities with eviction or rent control laws prohibit new owners from using foreclosure as a reason for evicting tenants. , a form called a Request for Notice, asking that you be notified of any foreclosure proceedings. What is the difference between eviction and foreclosure? is that foreclosure is (legal) the
What Are The Risks Of A Short Sale? Long Process. … Subject to the Mortgage Lender’s Approval. … Lender Could Counter, Reject or Not Respond. … Opportunity Cost. … Property ‘As Is’ … Is the Seller Approved? … Lenders Prefer All Cash or Large Down Payments. Why would someone do a short sale? A short