untill what point can someone sell their house if they are in default?

by: admin - April 6th, 2012   Filed under: Questions & Answers Add Comment

Question by jnbill1204: untill what point can someone sell their house if they are in default?
When someone can’t pay their mortgage payment at what point can they not sell there house. Can they sell it in default? up to the point of repossession? When

Best answer:

Answer by donald e
u can sell up till the day of final foreclosure filing, and deed transferyou can be in default and have been served with notice of foreclosure and repo and still sell,, as long as the deed has not been legally transferred, just be aware that the amount due will be with penalty, fees, etc, and could exceed your payoff amount that you think you owe by 20-40000, yeppers u read it right, be sure to let the lender know what you are doing, and get an exact amount that they will accept to release the lien, gl

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by: admin - April 6th, 2012   Filed under: News Add Comment

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Police Notebook Holden
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by: admin - March 23rd, 2012   Filed under: News Add Comment

Events all week: March 23-29
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Property/legal advice on buying a house that’s about to go into repossession?

by: admin - March 21st, 2012   Filed under: Questions & Answers 1 Comment

Question by –x: Property/legal advice on buying a house that’s about to go into repossession?
Looking for a bit of advice as bank holiday weekend and cant contact anyone until tuesday. I have recently heard of a flat that is about to be repossessed any day now. Its my friend’s neighbour and she is still in contact with her. I was wondering if there is anyway i can buy the house before it gets repossessed, would suit me much better and stop the owner being black listed. i also have a mortgage at the moment, would i need to sell that before i could make an offer? And am i allowed to take my same mortgage deal with me? I am really desparate for this flat but dont want to get my hopes up incase its just not possible. Im from Scotland if that makes any difference regarding laws. Would be really grateful if anyone has any experience of this. Thanks

Best answer:

Answer by sizzles1024
Whatever bank holds the mortgage on the place that’s about to be repossessed would rather sell to you than repossess and have to deal with selling it themselves. Properties like that aren’t valuable to banks like the mortgages themselves. If you’ve got a mortgage already, what you need to do with it depends on how much you’ve paid, how much you owe, etc. Do you want to maintain two properties? As far as the laws go, it makes big differences what country you’re in. I’m in the US, but the stuff I’ve said pertains to anywhere.

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by: admin - March 15th, 2012   Filed under: News Add Comment

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by: admin - March 5th, 2012   Filed under: News Add Comment

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Lastest House Repossession Assistance News

by: admin - March 1st, 2012   Filed under: News Add Comment

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Margriet Eshuijs – House for sale (Lucifer)

by: admin - February 22nd, 2012   Filed under: Videos 2 Comments

‘House for sale’ van de DVD ‘In Concert’ van Margriet Eshuijs en haar band, bestaande uit Maarten Peters, David de Marez Oyens, Co Vergouwen en Mark Eshuis.
Video Rating: 5 / 5

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My dads house was quick claim deeded to me in the year 2000, I have the house up for sale today, at what rate?

by: admin - February 22nd, 2012   Filed under: Questions & Answers Add Comment

Question by JOSEPH K: My dads house was quick claim deeded to me in the year 2000, I have the house up for sale today, at what rate?
will the capital gains taxes be charge?

Best answer:

Answer by big_bad_john
There is no such thing as a “qiuck claim deed”.

However, a “QUITclaim deed” does exist.

As for the taxes, talk to an attorney.

I’m not an attorney, but I think there should be little tax issues IF you use the proceeds to purchase another residence. Or it’s a probate situation and you are under the IRS limits on estate value.

But if you’re selling and want to pocket the cash, that’s different. I would think taxes would be due. But since you had the place for many years, you would be in the lower bracket.

BTW, the property taxes will have to be paid. they are prorated to the time of sale.

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Lastest House Repossession News

by: admin - February 22nd, 2012   Filed under: News Add Comment

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