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Forums » General Foreclosure & Pre-Foreclosure Forums » Foreclosure timeline help

Foreclosure timeline help Subscribe to Foreclosure timeline help

7 posts by 5 users

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Jenifer Elliott

Inspector · Greenville, South Carolina


Forum_avatar_avatar-jeniberry

Apr 22 '09, 08:58 AM


Steve Mark

· Laguna hills, California


Forum_avatar_avatar-cdloanmod

May 01 '09, 05:10 PM

Hi,

The two most common ways to stop foreclosure are a short sale and a loan modification. Both have their own pros and cons, and it's important to choose the right path based on your situation depending on if you plan to keep or sell your home. This guide shows you both options and how they can help.

Edited: 06/26/2010 at 08:07AM


Joshua Dorkin

BiggerPockets Founder · Denver, Colorado


Forum_avatar_avatar-biggerpo

Donor Pro

May 02 '09, 12:46 AM

Here is an article on The Foreclosure Process and some information on State Foreclosure Laws. Of course, always check with your attorney for legal advice concerning your own individual situation.

Edited: 06/26/2010 at 08:07AM

Small_bplogo20aJoshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/


Rich Weese

Real Estate Investor · sioux falls, South Dakota


Forum_avatar_avatar-venomousviper

Donor

May 03 '09, 10:05 PM

In Texas, ALL foreclosures by a trustee happens the first tuesday of each month only. In FL, I assume it happens one at a time whenever, correct?

Edited: 06/26/2010 at 08:07AM


Steve Mark

· Laguna hills, California


Forum_avatar_avatar-cdloanmod

May 05 '09, 05:51 PM

Hi,

Homeowners about to be foreclosed on have at least one less thing to worry about: finding a place to rent. According to the Wall Street Journal, landlords are now overlooking foreclosure records on prospective tenants' credit reports, and are even specifically targeting foreclosure victims.

Edited: 06/26/2010 at 08:08AM


Trace Trajano

Real Estate Investor · Cincinnati, Ohio


Forum_avatar_avatar-moneyyoda

May 05 '09, 11:42 PM

Yes you may stop foreclosure when you buy the foreclosure BEFORE the foreclosure auction. This is the best time to buy the foreclosure because you have NO COMPETITION. During this step, the work you need to do is do a shortsale. The disadvantage of a shortsale is that your profit is in direct proportion to what you can negotiate with the bank and shortsales take a LOT OF TIME AND EFFORT to negotiate. Also, in a shortsale...depending on the homeowner, it's hard to tell them a shortsale is not going to help them keep their home.

Edited: 06/26/2010 at 08:09AM


Rich Weese

Real Estate Investor · sioux falls, South Dakota


Forum_avatar_avatar-venomousviper

Donor

May 06 '09, 08:24 AM

Not possible in TX normally. 21 days is total process until sold. First tuesday of each month. I attended yesterday and bought 2 homes- 50K and 58K. There were protesters courtesy of ACORN, George Soros's group. They were bused in I'm quite confident. I made the local channel 48 news because of an altercation I had with them. Great fun!!!

Edited: 06/26/2010 at 08:09AM




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