Arrears after House Repossession — Help!!?

by: admin - January 14th, 2011   Filed under: Questions & Answers 1 Comment

Question by Eli R: Arrears after House Repossession — Help!!?
My house was repossessed some time ago, but a solicitor’s company is now demanding money from me because the house was sold for a much lower value than what i originally bought it for.
Should there be any obligation on me to pay the difference since I didn’t sell the house.

In my opinion it’s illegal to damand money from someone whose house has been taken away with a court order.

Please advise me..

Best answer:

Answer by catwoman1314
They are legally able to ask

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House prices could drop 10% in a year after average sale costs fell in 2010

by: admin - January 12th, 2011   Filed under: News Add Comment

House prices could drop 10% in a year after average sale costs fell in 2010
The average house price has come down by £5,741 in the last year to £162,435. Capital Economics have predicted further falls in the coming months.
Read more on Daily Mail

Crime Scene: ”Baby’ for sale’ on Craigslist
Under the “For Sale” category on Craigslist, there is a sub-category of “baby+kids.” But rarely has a living baby been offered for sale.
Read more on Washington Post

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Man Finds Buyer After Putting A Coffin Up For Sale on Gateway Drive in GF

by: admin - September 18th, 2010   Filed under: News Add Comment

Man Finds Buyer After Putting A Coffin Up For Sale on Gateway Drive in GF
Wednesday night WDAZ received a call about an interesting item up for sale on Gateway Drive; a coffin.
Read more on WDAZ 8 Grand Forks

Tickets on sale for Food & Wine Fest
LAKEWOOD RANCH — Tickets have gone on sale for the ninth annual Suncoast Food & Wine Fest set for 1 to 4 p.m. Nov. 13 at Sarasota Polo Grounds.
Read more on Bradenton Herald

Webb’s September Sales Begin
New Zealand’s Premier Auction House is gearing up for the first week of the well anticipated suite of September sales beginning Monday 20th. This annual sale reaches across the collecting genres, with an excellent offering of contemporary art, photography …
Read more on Scoop.co.nz

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Repossessions and resales of principal residences after 1997 tax law.: An article from: The National Public Accountant

by: admin - September 2nd, 2010   Filed under: Books Add Comment

Repossessions and resales of principal residences after 1997 tax law.: An article from: The National Public Accountant

This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on May 1, 1998. The length of the article is 3843 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Applications of the nonrecognition provision on real property reposses

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18,000 mortgage holders face bill hike after Clydesdale Bank error

by: admin - July 24th, 2010   Filed under: News Add Comment

18,000 mortgage holders face bill hike after Clydesdale Bank error
Thousands of Scottish mortgage holders are facing increases in their monthly repayments thanks to a banking error, with some being charged an extra £300 per month.
Read more on Daily Telegraph

Lenders may be punished for showing forbearance
Nationwide head of mortgage strategy and policy Andrew Baddeley-Chappell is warning that lenders could be punished for showing forbearance to borrowers if the mortgage market review goes through in its current guise.
Read more on Money Marketing Online

Sellers should ensure that condo projects are on approved list for FHA mortgages
Condominium owners who are trying to sell in today’s agonizingly slow housing market should make sure that their community is on the Federal Housing Administration’s approved list. Ditto for someone who is thinking about refinancing a condo.
Read more on Los Angeles Times

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What is the best way to repair your credit after an auto repossession?

by: admin - June 16th, 2010   Filed under: Questions & Answers Add Comment

Question by JaJo7: What is the best way to repair your credit after an auto repossession?
I recently had a car repossession and my score really took a beating. I am really optimistic about cleaning up my report and I am open to any suggestions. Please help..

Best answer:

Answer by burger
Your credit score is a predictor of how you will pay your future
bills if someone gives you credit. Once upon a time you bought a car and gave your word that if you could borrow the money for the car, you would pay it back. Someone trusted you and loaned you the money only to find out that your word wasn’t what they thought it was,
Not meaning to beat up on you but it’s going to take awhile before your word is once again trusted. What you have to do now is work hard to show the world that when you say you will do something, you will.

Know better? Leave your own answer in the comments!

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Neighbors growing anxious after golf course foreclosure

by: admin - May 20th, 2010   Filed under: News Add Comment

Neighbors growing anxious after golf course foreclosure
Brian and Stephanie Austin stand in the Lake Arbor Golf Club behind their home in Mitchellville in April. The course’s owner filed for foreclosure April 8 and the property has been abandoned since closing at the end of the 2009 season.

Read more on Gazette.net

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How long after foreclosure before you receive a 1099?

by: admin - April 29th, 2010   Filed under: Questions & Answers 3 Comments

My house was foreclosed on in October 2009 in Maryland. At the foreclosure sell at the court house there were no bids on the house. I received papers from the court ratifying foreclosure in December 2009. The lender listed the property with a real-estate agent in October and sold the house. The new owners closed on the property January 19, 2010. How long after the foreclosure before I receive a 1099?

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How many months without payment before Foreclosure ? then how many months after foreclosure until evicted?

by: admin - April 20th, 2010   Filed under: Questions & Answers 7 Comments

I live in a house where it might be facing foreclosure. I live with my uncle and his brother handle the finances. His brother is a liar and all the sudden says we are 4 months behind in payment and its going to be in foreclosure soon and after that it will be 30 days until evicted. Is that true?

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How can a person repair their life after foreclosure?

by: admin - April 6th, 2010   Filed under: Questions & Answers 4 Comments

Good friends of mine went into foreclosure do to the housing market in Central Valley California. They were not able to get their home refinanced because the home had loss value, due to this they were forced to go into foreclosure. Can they ever get back on track after going through this?

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