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After forclosure, what happens if they sell the house for less than you owed the bank?

December 28, 2008 by blog100 · 7 Comments 

Dmg said : )


If your forclosed property is vacant and once the forclosure goes though, and the house sells for less than you owed on the original mortgage, what can the bank do to you? Can they try and get the difference from you? How can they try and get the money from you?

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What is my penalty if my property goes up for forclosure?

December 26, 2008 by blog100 · 2 Comments 

Chloe said : )


I have had property sit for sale on the market for nearly two years. I can’t manage the payments and have just been sent a letter that it will be forclosed and auctioned soon. This is fine, but I can’t find any info on what my penalty may be on my credit and for how long? My mortgage company has been zero help in forbearance, so at this point forclosure sounds great.

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Has anyone used an internet company to stop forclosure?

December 18, 2008 by blog100 · 4 Comments 

amandawilkerson2 said : )

My husband had to stop working due to an injury and I am getting ready to have a baby in 6 weeks, I have seen those commercials about companies that can save your home from forclosure for up to 2 years, Has anyone ever used these or heard anything about them???

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How does forclosure affect my ability to rent an apartment?

December 8, 2008 by blog100 · 4 Comments 

Angela C said : )


You know the story. Owe more than my house is worth on an ARM that just adjusted. Can no longer afford my house payment. If I let it go into forclosure, will I be able to rent something else? Should I be worried about losing my vehicle? It’s really my only other asset.

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how does forclosure affect your access to purchasing another home?

December 5, 2008 by blog100 · 4 Comments 

gina said : )


currently I am in forclosure…I have tried and tried to deal with the mortgage company but have been unsuccessful…I am now living in my grandfathers home and renting to own….while my home is being forclosed upon. I would like to secure a loan on my grandfathers home with in the next 2-3 years.

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