Foreclosures Help Information

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Stop Foreclosure California

Question: I have a court ordered judgment against me but if I file bankruptcy now, do I still have to pay?

My husband has a $20,000 hospital bill and in the state of California, the spouse is also responsible to foot the bill. So now, we have a court ordered judgment against us. Since our house is now in foreclosure I was planning on filing bankruptcy anyways. Will filing bankruptcy stop this court ordered judgment? If not, can they garnish my wages? -note, My husband lost his job and I am the sole provider for a family of 4

Answer: You need to consult a bankruptcy attorney, this is serious business. It makes sense to say that you can include that judgment in your bankruptcy but then again it is a court ordered judgment so I don't know if they have ways of enforcing it.

Stop foreclosure avoid foreclosure in Orange County CA Part 2

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Stop Foreclosure Fast

Question: Need Help Fast!!!!?

How can I stop a foreclosure??? my moms house is in foreclosure how can i stop that????

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Answer: There's no magic help: she can't pay for the house. Unless she can come up with some money and negotiate with the lender, there's nothing you can do.

Stop Foreclosure Fast! We Can Help You Save Your Home Now!

Steps Buying Foreclosure Home

Question: Anyone that has purchased a foreclosed home?

I'm trying to get my son and I into a home before my husband returns home from Iraq. Some of the homes we have looked at are foreclosures. I was just wanting to know from someone who has purchased one before, if there is anything special that is required? Like what would be our steps to go through if we were to buy a foreclosed home? Is it any different than buying any other home? Thanks to anyone that can help.

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Answer: Your steps are pretty much the same as buying another property. If the home is REO and the bank now owns it due to the completion of the foreclosure process, then it will be listed with an agent. You, working with your buyer agent, submit a contract offer and wait for it to be accepted.

As another answerer mentioned, REOs are usually sold "AS-IS" with very few contingencies allowed. Your main contingency in your offer will be the home inspection. However, any issues you find in the inspection will usually not be repaired by the bank, but may allow you to withdraw your contract or amend your offer to reduce the price to accommodate. Nonetheless, you should try and evaluate as much about the condition as you can when you walk though the home prior to writing your contract.

Also, banks don't want to hold houses, so if you can offer a fast closing (30 days or less), they (and their agent) will be more motivated to accept your offer.