Topic: Voluntary Foreclosure
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Answers to Common Questions
Who is responsible for securing the house after a voluntary forec...
It depends as always, Also what kind of securing are you speaking of? Locking doors, windows, ect. If you are not planning on filing bankruptcy then you will be responsible for any deficiency balance that is left over from the sale of the h... Read More »
Source: http://wiki.answers.com/Q/Who_is_responsible_for_securing_the_hou...
What happens in a voluntary foreclosure?
You can offer the bank the property through a deed in lieu of foreclosure. They may not accept it until you are late on the payments and have tried selling, or they may not accept it at all, in some cases. If the property sells at sheriff s... Read More »
Source: http://answers.yahoo.com/question/index?qid=20071111104109AAMNa7x
How do you do a VOLUNTARY foreclosure?
I have no idea why anyone would ever want to do that and screw up their credit history for the next 7 years. People in foreclosure typically are quitters- who owe more than the house is worth and just give up instead of actually sucking it ... Read More »
Source: http://answers.yahoo.com/question/index?qid=20081023093919AA8XSdp
Featured Content:
Voluntary Foreclosure
A voluntary foreclosure is just what it sounds like. Unlike traditional foreclosures, where banks take legal action to take back ownership of a home when the homeowner falls behind on his payments, a… More »
Source: www.ehow.com
More Common Questions
Answers to Other Common Questions
I respectfully disagree with the previous attorney's answer. In almost all foreclosure cases, the plaintiff bank will name an unknown spouse or unknown tenants of a subject property as defendants. This is done in case those people actually ...
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Source: http://www.avvo.com/legal-answers/what-does-voluntary-dismissal-o...
Voluntary foreclosure might be better because it only involves 1 hit on your credit report instead of having to go 180 days past due.
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Source: http://www.squidoo.com/foreclosureFAQ
My life has changed dramatically since I bought a double-wide 8 years ago in Virginia, and it will be foreclosed soon. I’ve tried selling, but I owe more than it’s worth in this economy. The mortgage company is sending out a "voluntary surr...
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Source: http://learntostopforeclosure.com/how-much-of-a-difference-is-the...
A voluntary foreclosure will drop your credit score and raise the interest rate on all of your credit cards. It will also make it nearly impossible to get a new credit card without paying impossibly high interest rates. Attempt a short sale...
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Source: http://snippets.com/how-will-a-voluntary-foreclosure-on-a-credit-...
If you are upside down on your home, that is you owe more on your home than it is worth, you may want to just walk away from the bad debt. You may have even seen this on the news as many homeowners in this situation are choosing to enter in...
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Source: http://www.1stforeclosureprevention.com/how_voluntary_foreclosure...
