if we loos our home in a foreclosure, and it goes to auction, and they do not get the amount owed on the house through the auction, are we liable to pay the difference? or is it settled?
Posts Tagged ‘Happens’
What Happens During A Foreclosure On A Home?
Thursday, June 25th, 2009What Happens To My Interest In My Home In A Foreclosure Sale?
Wednesday, June 24th, 2009if my home is sold as a foreclosure and there is a profit from the sale….does the bank owe me that money?
What Happens To Renters When Home Goes Into Foreclosure?
Monday, June 8th, 2009Our landlord has not told us the home we rent is in foreclosure. I found out through notices addressed to him in the mail and through a website listing our home in foreclosure. As it is we pay rent a month in advance and have decided to pay on time instead so that we do not lose a whole months rent if asked to leave. Sorry to say we do not trust our renter because he has not been honest with us. When this home sells, how long will we have to find a new place? Also, shouldn’t the bank be getting our rent money…especially if rent is more than his mortgage? I am really just concerned about what this means for us and options available? Anyone ever been in this situation?