Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
Ughhh...foreclosure
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="flutterby" data-source="post: 319167" data-attributes="member: 7083"><p>Bankruptcy is better than having a foreclosure on your report - however, you will still have a foreclosure showing. However, the mortgage company can come after you for the difference between what they sold the house for and the balance on your mortgage. Whether they do or not depends. They wrote mine off, but mine was through Countrywide and they were bought out by BoA as a rescue.</p><p></p><p>Foreclosure proceedings vary by state. Here, they had to hold the sheriff's sale 30 days after the listing. Then after it sold, it took about 30 days to record the sale. So, that was two months that the house was still mine.</p></blockquote><p></p>
[QUOTE="flutterby, post: 319167, member: 7083"] Bankruptcy is better than having a foreclosure on your report - however, you will still have a foreclosure showing. However, the mortgage company can come after you for the difference between what they sold the house for and the balance on your mortgage. Whether they do or not depends. They wrote mine off, but mine was through Countrywide and they were bought out by BoA as a rescue. Foreclosure proceedings vary by state. Here, they had to hold the sheriff's sale 30 days after the listing. Then after it sold, it took about 30 days to record the sale. So, that was two months that the house was still mine. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
Ughhh...foreclosure
Top