why is 561 Teal Dr, Phenix City AL 36870 being forclose?

Asked by duckz74, Phenix City, AL Sun Sep 30, 2012

This question was asked from http://www.trulia.com/property/3085952038-561-Teal-Dr-Phenix…

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Mon Oct 1, 2012
Failure of the owner to make their mortgage payment on time is the reason why a mortgage company would foreclose on a property. Generally, the owner would be at least 60-90 days late when foreclosure proceedings are started.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
0 votes
Patti Simkins, Agent, Columbus, GA
Sun Sep 30, 2012
Patti Simkins, Realtor Associate with Coldwell Banker Kennon Parker Duncan and Key Realtors of Columbus and Phenix City writes:

Generally, foreclosures happen because the owner of the home is no longer able to make payments to the bank which holds the mortgage. Often, a job loss, relocation, illness, or divorce is the underlying cause. If you are interested in purchasing a foreclosed home, I would be happy to explain the ins and outs of the process. In many instances, the purchaser of a foreclosed home is able to have the benefit of a lower than market price, because the foreclosing lender wishes to sell the property quickly.

Patti Simkins (706) 887 3446 cell
Patti.Simkins@ColdwellBanker.com
Coldwell Banker KPDK
Office: 706 256 1000 http://www.kpdk.com
0 votes
duckz74, Home Buyer, Phenix City, AL
Sun Sep 30, 2012
why is 561 Teal Dr, Phenix City AL 36870 being forclose?
0 votes
Search Advice
Search
Ask our community a question
Schools in Phenix City Zip Codes

Email me when…

Learn more