Why All The Financial Suffering? Opinion

Why All The Financial Suffering? Many people point to all those foreclosures and the economic chaos and ruin that followed the collapse of the housing market. Much of it had been brought on by overzealous lenders who lured borrowers into teaser loans containing low front-end payments that later adjust into much higher rates and higher Read more…

State Foreclosure Laws

                      FORECLOSURE LAWS BY STATE Alabama Foreclosure Law Alaska Foreclosure Law Arizona Foreclosure Law Arkansas Foreclosure Law California Foreclosure Law Colorado Foreclosure Law Connecticut Foreclosure Law Delaware Foreclosure Law Florida Foreclosure Law Georgia Foreclosure Law Hawaii Foreclosure Law Idaho Foreclosure Law Illinois Foreclosure Law Indiana Read more…

Foreclosure

The Foreclosure Process Learn about the foreclosure process. Know the difference between judicial and non-judicial foreclosure. Learn which foreclosure process governs in your state. Learn about default, notice of default and election to sell. Learn about reinstatement, partial repayment and the trustee sale… Short Sales – Deed In Lieu Of Foreclosure Learn the differences between Read more…

Consider Negotiation At Every Stage Of Judicial Foreclosure

Your attorney should consider negotiating with your lender even in the late stages of the foreclosure process. This is especially true if you believe or have evidence that the lender did not comply with the rules and technical requirements governing the foreclosure. You might be able to negotiate a favorable position if the lender thinks Read more…

What If The Property Being Foreclosed Produces Income In Judicial Foreclosures?

In civil actions within the judicial foreclosure process the lender can allege and request in the complaint and subsequent pleadings that the court appoint a receiver, in favor of the lender, who will manage the financial responsibilities of the property, including collecting rents. Judicial foreclosure affords lenders with certain creative options like injunctive and declaratory Read more…

Living In The Home During The Redemption Period In Judicial Foreclosures

Under judicial foreclosure, most states will allow you to keep possession of the home during the entire redemption period. However you will be obligated to pay the purchaser of the property the fair rental value of your use during your occupancy of the property. Once the redemption period expires however, you will be obligated to Read more…

Post-Sale Redemption In Judicial Foreclosure 

JUDICIAL POST-SALE REDEMPTION  Some states like California, afford you an additional redemption opportunity after the foreclosure sale has concluded. This is called “post-sale redemption” and it is, in most cases, the final opportunity for you to save your home by paying the full redemption price plus costs and fees. Note however, a post-sale redemption is Read more…