How will a foreclosure work with a second mortgage?

Mortgage company put us into foreclosure on the 1st because of being behind in the escrow but there is a second on the house, with the same company. How does that work?

How long after foreclosure before you receive a 1099?

My house was foreclosed on in October 2009 in Maryland. At the foreclosure sell at the court house there were no bids on the house. I received papers from the court ratifying foreclosure in December 2009. The lender listed the property with a real-estate agent in October and sold the house. The new owners closed [...]

Does having a foreclosure and not paying your property taxes affect US citizenship application?

I have not been able to pay my house for the past six months, it went into foreclosure and know I got to pay Property Taxes but I dont have the money either. Could all of this affexct my ability to get my citizenship.

Did the final version of Foreclosure Act include the $7000 credit for the purchase of a foreclosed home?

I purchased a foreclosure in June 2008. I know the Foreclosure Prevention Act underwent many revisions. Does anyone know if the final version which the President is expected to sign still includes the provision for the 00 tax credit for the purchase of owner occupied foreclosed homes? I am not a first time homebuyer.

How does shorting on a foreclosure work?

Can you explain the process of shorting on a foreclosure? How do the negotiations work with the lien holders? What would be a normal offer for a foreclosure property (as a percent of retail value)? Thanks, first best answer gets my ten points.

What is the current national foreclosure rate?

I keep seeing in the news that foreclosure’s are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it’s up to 4% from 3%, that’s a dramatic 33% increase, but it also means that there are still 96% of people still paying [...]

What's the difference between bank foreclosure and homeowner's association foreclosure?

My sister is already facing bank foreclosure but she also just got a letter saying that she will be facing homeowner’s association foreclosure because of unpaid dues. They’re filling a lien against her … I don’t understand the difference … I thought only banks could foreclose.

What's the difference between a regular foreclosure and an REO foreclosure?

I’ve been looking up foreclosures at the county office to buy a foreclosure (the ones about to be auctioned). Someone said I should be looking at REO foreclosures. What’s the difference, and how do I buy one and or get info on these?

home foreclosure HELP where do we go and how do we start refinancing?

Wasn’t the bailout suppose to help homeowners refinance if they were facing foreclosure? How? Was there any agency or website to go to in order to start the process?

What are the different stages of foreclosure, and what do they mean?

I’m interested in buying a home in foreclosure, but I don’t know what the different stages are or what they mean. I’ve seen "notice of default", "real estate owned", "notice of foreclosure sale", and "pre-foreclosure." Can someone please tell me the stages (from beginning to end) and what that means to me as [...]