Couldn't stand that phony woman. Making fun of other people. Flaunting all of that tacky ornate expensive junk. Now she'll share a taste of being one of the 'have nots'. ..... "the bankruptcy happened 10months ago". So? They probably filed a Chapter 13 which allows you to keep the house as long as you pay the mortgage on time each month, Plus arrearages, Plus car paymnents, Plus taxes and other secured and priority bills. A bankruptcy takes several months before it is all over, and again, if they filed a Chap 13, they were under a "Plan" to pay some of that secured and priority debt. Theresa and hubby tried to hide some of their assets and got caught. It appears the Trustee converted the 13 to a Chapter 7 and the assets are being used to pay some of the debt. Once the Chapter 7 goes through, Theresa and family will have to find a new place to live. Theresa never came across as that bright anyway. Next on the agenda? Jacqueline the construction business is slow to dead. Then comes Caroline Her husband's bsiness is faltering. ,,,,and some of that stuff for auction looks tacky, overly ornate, and cheesy...no matter what they paid. ADDED. A chapter 13 allows you to pay arrearages on mortgages and taxes due, keep current mortgage payments current, keep car payments current. However, the Chapter 13 'Plan' says you pay some of your other unsecured debts (a percentage that is). You have three to five years to do this. So under Chapter 13, it takes quite a while lfor things to be over with. Under a Chapter 7, your debts are discharged meaning htat as long as you do not have arrearages on your mortgage, you can keep it as long as you keep paying for it every month. SInce Theresa's belongings are being auctioned, that tells us that they were very much behind on their mortgage payments, did not follow the "Plan", and that they tried to pull a fast one on the Trustee.

My wife and I were the victims of a crime in 2004 (our former business partner turned out to be a previously sued con artist under a different name). In the end we were forced to file for bankruptcy just to get this scum out of our lives which unfortunately also sent our home into foreclosure. The bankruptcy was in December 2008, the foreclosure was in June 2009. How long before we would be able to buy a home again? We're both in our 40s and make decent money as an IT manager and an architect. Our credit ratings were 800+ for both of us prior to the damage done by this animal. We also had never missed a single mortgage payment in an 18 year marriage. Do lenders take circumstances into account when deciding to underwrite a loan? Any and all opinions will be appreciated and thanks for responding to this lousy situation.

Just signed a six month lease. Landlord has allowed us to pay the deposit over two months with the balance due on August 1st. Problem is the landlord is looking to either sell, short sell or let the house go into foreclosure. There is no novation clause or any mention of change of ownership in the lease. Any help or advice would be greatly appreciated.

If I find a VA foreclosure being a veteran myself would I still need to go through a lender or can I just go through the VA to take over the loan to acquire the home? Any help or advice would be appreciated. I noticed that the VA has a website that list homes that have been foreclosed on that were bought using the VA home loan program, thought maybe I could just go through them but your answers prove other wise so I thank you all for taking the time to answer.

I lost my job 9 months ago and have looked and applied daily for jobs since than, have interviewed and always lose out to someone else. My husband and I have eaten through all our savings, no family to ask for help as they are all struggling also. Went to Navy Federal which holds our mortgage and credit cards they lowered our cc payments and we applied for mortgage modification just received word in writting that they denied us for "(x) due to investor guidelines", what do we do now, if we file for bankrupcy my husband will lose his security clearance thus losing his job. I am so upset and feel like they dropped the ball. Good News our credit union has agreed to modify our mortgage from 6.0% to 3.0 %, we are ecstatic (-:

We have a ratified contract which was ratified on 7/19 for a foreclosure in the amount of $150K. We won out on a multiple offer situation. They gave us 5 days to do the inspection of which we did yesterday and found numerous issues that would make our initial offer amount of that $150K impossible with about 46K of work needed. Therefore, we want to renegotiate down to $125K. I know this is usual with regular home sales, but with foreclosures and banks only thinking profit, is it possible for them to go down this much or at all? What is the likely hood of this happening? FYI - The owner is chase home mortgage. I also meant to mention that the asking price of the property was $122,300 so our offer was 28K over the asking. We are first time homebuyers and est about 20K worth of work, but the inspector saw other things that we would not have knowledge about. Asking for 125K is still above their initial asking.

HI, I am sorry for my poor english. i am living in mount vernon, washington. i bought this house in 2006. i put down $5k. now my loan balance is $215k. monthly payment : $1520. my next's door was foreclosure. they sold it for $170k (this house is exactly as my house) i was unable to sell my house due to this house (the one next to my house). i was so upset. i am planing to move some out of state. i am not in the loan, only my husband. but my name & my husband name is in the tittle. if we foreclosure my house, my husband will have to be bad credit. will i be bad too ? , i am not in the loan, only in the tittle. we own a small business, when we applied for mortgage in 2006, we showed them our business license. i own this business.my husband does not own it thanks for help

I have a friend who is unfortunately being foreclosed on with three mortgages on a single residency. He has a senior mortgage and two junior mortgages. According to current laws, I was informed that it is possible to end the foreclosure by settling only the senior mortgage (Either by refinancing or short-selling) and the two junior mortgages would become irrelevant (Completely eliminated where the lenders would have to write-off the loan as a loss) so as long as we settle the first mortgage. Is this true or in any ways possible? The house is located in Queens, NY.

my sister is renting a house, the landlord keeps getting notices from the mortgage company a few times a month. she doesn't know what they are of course, she just forwards them to her landlord. she says some of the envelopes are really thick & some aren't. she did some snooping around & found out that the landlord is $4,000 behind in taxes and that his wife had a property in the same city that was foreclosed on, but she wasn't able to find out if the house was being rented at the time. does anyone know of a public web site we can go to?

I received my ch. 7 discharge June 1, 2010. I was discharged from a foreclosure on a VA Home Loan. Can I get an FHA loan after 2-3 years of rebuilding my credit?

My main concern is, is a landlord, whose property is in foreclosure, entitled to still collect rent from current tenants? I had heard that they are not, but want to find out if that's true or not. Thanks for any info! Yeah, thanks but no thanks, looks like you guys are posting pretty bogus links to me. The answer "answer.yahoo.com" made it pretty obvious...go yank somebody else's chain for a while, especially since you're not giving me a relevant answer. Thanks Acermill, my only concern is, I'm not worried about paying rent or not. My landlord rented my apt. under false pretenses, he never told me the building was already in foreclosure, and if he's not entitled to collect rent, I felt like I was being scammed to the tune of over $2200 and needed to find out if I had to look into a criminal case with him then.

*I moved about a year ago to this house and i used to pay the rent to the father of the owner, who lived in the basement and was in charge of the property. Ok, so today a man came to the house and notified me that the house is in foreclosure, apparently it's been a year since the owners stopped paying their mortgage, but i didn't know that and I had been paying rent every month until April 2010 because the father of the owner died and no one came over to pick up the rent or to tell us about the house being in foreclosure. Until this day I don't know anything about the owners, i don't even have a phone # to call them. In the notice I received it says to contact some lady(I'll call her tomorrow) before july 24 for the possibility of them giving me cash to move out and avoid the risk of eviction. So does that mean if we don't agree on something before that date, that they will evict me right away? IF they do give me some cash will they still kick me out right away? HELP PLEASE!!!!!!!!

the loan is originated may 2006 the house foreclose oct.2009

I want to purchase a condo in the Phoenix. I will finance with Homepath and there are many properties I am interested in. I am curious regarding how much I can offer under asking price in the Phoenix area. Some of these foreclosures have been on the market for a while so I would assume even less there. I would like to offer about 20-25% below asking price and I am willing to offer on a few properties before I get one. Looking for experience.

I live in Tempe, AZ in a home I purchased in 2005. I am current on my primary mortgage ($190K @ 7% /30 yrs) and my 2nd Mtg (roughly $35K which was used for repairs and renovation at the time of purchase). My mother turns 60 in a month, and was diagnosed with ALS (Lou Gehrig's disease) in 2007. At this point she requires 24 hr care and is only able to control movement of her eyes to communicate with us via a specialized computer. She is on a permanent ventilator, feeding tube and catheter. Her small amount of income is roughly 1/3rd of her monthly care costs, and her savings (which is filling the gaps in cost of care) will be depleted in 5 months. It is estimated that she has between 2 and 4 years to live. My single utmost concern at this point is her safety, comfort and quality of life in these twilight hours of her life. I'm unable to come up with any solution other than my Wife and I leaving our home behind to move-in and care for her full-time. By combining our incomes we can just barely cover the health care costs and costs of living. Her home has been modified to accommodate her, otherwise I'd look at moving her into my home to care for her. Putting her in a home is not an option, period. I've heard the banks (BofA serviced, owned by Freddie Mac in my case) won't even talk to me about short sale options until I'm several months delinquent in payments. I'd like advice on what my options may be and where to start. Thanks in advance and apologies for the long-winded question. Renting out the house is not an appealing option given the rent rates in my neighborhood are significantly lower than my mortgage payment. Comparable homes in my area are selling for $140K to $165K.

I'm a 46 yr old single female parent w/ a ten yr old son. I am in process of foreclosing on a condo we share and at the same time am filing for bankruptcy. To add to injury this past Friday I was fired from my job. I have already file unemployment and for food stamps. BUT, the assistance I 'm gonna get is very minuscule. PLEASE any advice on what I can do TILL a get a full time job. There has to be other assistance, grants, or charitable agencies out there for folks like myself who are almost homeless and no job after all the years that I have paid taxes and am a citizen in good stating BUT WITH NO INCOME COMING IN TO FEED AND SHELTER MY SON..HELP!!

He has our security deposit which is about $1500. He told us that the house would go into foreclosure early November, but he's trying to sell the house before that happens. By law, what are my rights? Do I still have to pay rent? Can I retrieve some of the rent I've been paying for the past several months and what about my security deposit....do you think I will get it back?