Foreclosures Help Information

Archive for the ‘Bank Foreclosure’ Category

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Question: how should i approach my husband about his hiding a notice of foreclosure from me?

we received a notice of default; we havent paid our mortgage in 4 months. it was my husband's responsibility to ensure payments were made, he said it was bank error-he HAD made attempts to pay. he had confirmation #s- I found no evidence of payments on his bank statements. he was withdrawing the $$$ i'd put into our joint account for the mortgage into his account. by looking thru his stuff i found old mortgage statements, as well as notice of default sent last nov-all hidden from me! he never told me about his trip to court in feb of this year to pay $33,000 to save our home. $12,000 was $ he got from our joint, the rest from his father. he was supposed to renew our home ins in jan. he claims he did but the bank is charging us excess fees b/c we dont have home ins.i suspect he never even renewed it. we searched the house and went to the ins place-nothing turned up. wehn i asked him why he didn't tell me he responded "why should i have?" and he avoids me. what do i do?

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Answer: Ummm... how bout taking over paying the bills and managing the money?

Get insurance on the house, have a talk with the bank and make arrangements to get caught up. Most banks would rather work with you on the payments then forclose on the house.

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Bank Foreclosure Listings Nj

Question: Banks & Foreclosure Listings???? Question Pls Read.?

I know that you can contact the bank directly to see if they have any foreclosure listings but my question is does anyone know which banks to contact or names of such banks??? (I live in NJ if this makes any difference) or how could I get a listing, would they have information on their webpage or would I have to call them directly for the listings??? Me and my husband are ready to look for a home to purchase but we would like to see some foreclosures that may be available in our area. Thanks in advance.

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Answer: you are looking at whats called REO (real estate owned) listings. any bank that does lending, or offers home loans should have REO's if they have foreclosures. you should be able to just call up any bank around your area and find out if they have REO's.

be warned tho, REO's might not be in the best shape of their lives. REO's are when home are foreclosed, then put in an auction, and when it doesnt sell at an auction, the bank buys them back. One red flag there would be, why didnt it sell at the auction! Secondly, people who get foreclosed might get angry and destroy the property before leaving, i mean, what do they care, the property is already re-posessed, so you might get a distraught property.

Get your due-diligence in order.

Good luck!

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