The Realtors below are correct.Private Mortgage Insurance is for the lender's benefit.It protects them from your default.
If you allow the home to foreclose it will h ... more
Would you please elaborate "90 days before you sell an investment property in California"? Are you talking about FHA-90 rule? Or you mean: CA has 90 anti-flipping clause ... more
Auction date is set for 11/17/10. Seen it was listed, but pulled off market on 10/5. Looks like he was trying to do a short sale. Hope this helps! T ... more
As for the comments about deleting posts, if a post has misleading information, then the one who posted the comment can delete it. In fact, this is probably ... more
You may have options. Depending on a few things.
Do you still have income?
If your loan were reduced to the current market value at a fixed rate could you afford the payment? ... more
the $8,000 deposit is to protect the homeowner. You need to make sure you do want the Option of buying the home before you even think of doing the paperwork. there are a ... more
Usually after the notice of default it's 3 months and 21 days to get a Notice of trustee sale. But, it might take longer, some files are in limbo.
Talk to a real estate attor ... more
The borrower owns the property until the foreclosure is executed. Once this is accomplished the bank assumes full ownership and can create the destiny for the property.
the borrower owns the home until the foreclosure proceedings are completed.