This could be difficult to find in Buffalo in this economic climate. However, there may be other options for third-party lenders. Give me a call, I would be happy to discuss with you! 716-480-8463... more
Hi Kh. That depends on what is creating the score. Is it a lack of credit? Collection accounts? Too many inquires? Late payments? Lot's of factors are invloved in calculating your credit score. The best thing to do is have an expert review the details and advise you on the best course of action.
Cherry Hill, NJ... more
Please see a Real Estate Attorney for Legal Advice, and for specific answers to your questions.
The First Mortgage or Superior Lien Holder is Paid Off.
If there are funds remaining, then the Second Lien Holder is Paid Off.
Then the Third, and so forth, until the money runs out.
Bear in mind, that in addition to Mortgages and Home Equity Loans, there may be Unpaid Property Taxes, IRS Tax Liens, Mechanics' Liens, Legal Fees, Homeowners or Condominium Association Liens, Zoning Code or Building Code Violation Fines, and other Financial Claims against the property.
The Court (maybe a Judge, or perhaps a Clerk of Court or other Official, depending upon the State) will usually determine who is "First in Line" to get paid.
If there is money left over after the Liens and Court Costs are paid off, any remaining balance usually goes to the former owner (the person who was foreclosed upon).
If there is a Shortage (not enough money for all Lien Holders, Plaintiffs, and Claimants to get Paid), then the owner who was foreclosed upon may face Civil Lawsuits, Judgments, Garnishment of Wages or Seizure of Other Assets by Government or Tax Authorities, and other continuing efforts to collect the Unpaid Debt.
*** It is imperative that anyone who is facing Foreclosure seek the Counsel and Advice of an Attorney ***
Fred Griffin... more