Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Lizzie asks…

HELP!! Need to buy some time on a Texas foreclosure!!?

Someone in my family is about to lose their home to foreclosure. We’ve already received a notice of foreclosure from the attorney saying that it will be June 4th. It says we can dispute the debt within 30 days of the receipt of the notice. We will dispute it because the lender has given us 4 different amounts for the payoff. What can we do legally to buy ourselves some time?

Your Questions About Foreclosures

The Expert answers:

Demand copy of the NOTE obligating the person to pay.
Whatever happens, do NOT skip the court date.
Go to HUD accredited credit counseling agency.
Come up with some money.
Request forbearance or loan modification.
Not enough info received here, but sounds like you guys are waiting until the very last minute to try to save the house.

Your Questions About Foreclosures

Ruth asks…

purchasing a home that went to foreclosure in San Antonio Texas?

I want to find out how can I purchase a home that forclosure on 4/6/2010. I have a loan approved
by my bank. Will that work? And how can I see the listing for foreclosure on this house? How can I do this I realy want this house.

Your Questions About Foreclosures

The Expert answers:

You buy it on April 6th at the foreclosure auction. Cash only. No loans allowed.

Or you wait until April 20th when the bank has cleaned out the trash and put up a For Sale sign. You can get a loan to buy it.

Your Questions About Foreclosures

Sandy asks…

Home Owner’s Association Foreclosure in Texas?

My Home Owner’s Association is attempting to foreclose on my property. But in Texas property Code Chapter 209. 009. states HOA’s cannot foreclose on property if the debt consists of HOA imposed fines or attorney fees.

Quoting from actual foreclosure notice. “Foreclosure Notice with Past Due Maintenance Assessments, Interest, Late Charges, Attorney’s Fees and Costs due and owning in the amount of $xxx.”

Your Questions About Foreclosures

The Expert answers:

Past due maintenance assessments are not fines. So you ought to pay pr lose the house.

The law you refer to means they can’t foreclose for JUST fines and/or attorney fees. They aren’t doing that.

Your Questions About Foreclosures

Charles asks…

Texas Foreclosure Law? Deficiency Judgments ONLY for difference between sale price and FMV?

Thank you. My young family has on their hands a MONEY PIT that is breaking all of our hearts and we just do not want to continue. We’re on the verge of divorce over this collapsing house. We never should’ve trusted the realtors assessment.

=(

Even if they reworked the mortgage we’d want out. First the foundation needed repair, then the roof, then the A/C then the foundation AGAIN (I’m guessing) because we have a swampy front yard from a broken pipe in this drought. It’s literally killing me. My life seems pointless, and everyone in this family is suffering. We’re on the verge of divorrce.

Anyhow.

How much Mmore can we expect to get scr*wed if we walk away. (and I know we messed up as well, so, we’re not toally helpless victims)

We’ve been paying extra every month are are barely ahead of the fair market value (FMV).

MY QUESTION:
I’ve heard that the bansk in TEXAS can only ‘come after you’
for the difference between the FMV AND THE AMOUNT STILL OWED.

True?

Please, please help us.
Any advice is welcome.

=(

Your Questions About Foreclosures

The Expert answers:

Texas is a non-recourse state and they can not come after you for the loan balance but you will receive a 1099 tax bill for the amount of loss that the lender suffers due to the foreclosure. The IRS can enforce the tax lien with out a court action. Good Luck

Your Questions About Foreclosures

Betty asks…

how many days notice is the lender to give before filing a non judicial foreclosure in Texas?

Your Questions About Foreclosures

The Expert answers:

I dont know but if your going into foreclosure i can help you stop or avoid it. Contact me at wshusa@chrisblanks.com
put wshusa foreclosure in the subject.

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures