Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

James asks…

foreclosures in texas?

has anyone gotten a foreclosure notice and still saved their home?
I need to know what to do, if anything? I read something about HUD taking over and I might be able to qualify to stay temporarly? help please…

Your Questions About Foreclosures

The Expert answers:

If you file bankruptcy they might be able to help you reaffirm your home loan, if nothing else it will keep them from foreclosing until after you go to court, will give you some time to make other living arrangements if it comes down to that.

Your Questions About Foreclosures

Richard asks…

Why does foreclosure make it a good time to buy a house?

I read that there were approximately 1.6 million foreclosures in the US in 2006. Texas had the fourth largest foreclosure rate in the country. I am hearing that this is making it an excellent time to buy. I don’t understand why.

Your Questions About Foreclosures

The Expert answers:

They usually sell the foreclosed houses for much less than what they are worth just to get rid of them fast and the banks no longer have to deal with them.

Your Questions About Foreclosures

Donna asks…

i live in texas and am facing foreclosure.my letter of demand runs out on 06/25/07.from that point how long?

i have till i have to vacate my home

Your Questions About Foreclosures

The Expert answers:

30 to 60 days. I would call the Allen-Lancaster Team at Keller Williams (512-637-8450) and ask for Craig Allen. They have a department that works with people like yourself to save them from foreclosures. They have many investors who will by the property from you and lease it back to you for a couple years until you can buy it back. I have seen them do some amazing deals…

Your Questions About Foreclosures

Betty asks…

In Texas when a stay on foreclosure is lifted in court must a new foreclosure proceeding be filed?

l live in Texas and have filed Chapter 7 bankruptcy. The lawyers for my mortgage company have filed a motion to lift the stay on the foreclosure of my home. I am not going to fight the stay in that I have another home leased and I am preparing to move. However, I need to know if once the stay is lifted can they proceed with foreclosure immediately or must they file for foreclosure again? In other words do I have to get out of the house before the stay is lifted or will I have a few weeks after the stay is lifted?

Your Questions About Foreclosures

The Expert answers:

Vacated; refile.

Lifted- pick up where it left off.

Your Questions About Foreclosures

Linda asks…

What Texas Mortgage Co. do I have the best shot of getting Approved with 2 years after bankruptcy/foreclosure?

the bankruptcy was over 2 years ago, and was a chapter 7. our house was included in the bankruptcy. we are ready to buy again now but were turned down by ”Quicken Loans” for 2 reasons: both of our scores were under 600 and the bankruptcy has not been discharged long enough. (4 years)

Your Questions About Foreclosures

The Expert answers:

Any mortgage broker that does subprime lending (which most of them do) can help you. One option: call Top Flite Financial’s corporate headquarters (517-655-2140) and ask them for contact info for their Texas office. Another option: call Delta Funding (800-225-5335) and ask to be put in touch with one of their brokers in Texas.

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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