Foreclosures Help Information

Posts Tagged ‘foreclosed’

Foreclosed Housing

Question: what happends if you buy a foreclosed house but it still has taxes and you dont pay the taxes what happends?

i know someone who bought a foreclosed house and it still had taxes on it i think it was the school district taxes does anyone have an answer to this?

Answer: the city can repo it if the backtaxes aren't paid

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Hud Foreclosed Property

Question: i'm in Dallas Tx and my landlord's property that i'm renting is going to be foreclosed on 12-1 what happens?

The landlord told me the bank was working with him now after being confronted by me he says he's not trying to save the property anymore. I was told HUD helps people in this situation is that true? Who can i call?

Answer: The new foreclosure law requires that the bank let you live out your lease or give you 90 days notice if you do not have one. You must continue to pay him the rent until the day the bank takes possession. After that you pay the rent to the bank.

Here is the new law: http://www.tenantstogether.org/downloads/S.896RenterProtections.pdf

Colorado Springs Real Estate HUD Foreclosure 6696 Flintridge Dr 80918

Foreclosed Houses In Maryland

Question: My house was foreclosed on. Has deed been transferred if I have not personally signed it over yet?

My house was foreclosed on in June of 07. 5 days ago I received a final eviction notice from the sherriff. Where do I call to find out if the house has actually been sold at autcion & deed has been transferred as I have not personally signed it over yet. I know that if you don 't sign it over they can go to court and get the deed that way. I live in Maryland.
First of all, thank you to the people who have answered my question. I need add a detail. I spoke with a realtor and she also told me if I did not sign the transfer of deed, the courts could still get it without my signature, this I know. However, she also stated that they HAVE to have the deed in order to put me out, that until they do, I technically still own the house. I'm trying to find out who to call to obtain this information. Does anyone know how I can find a number or if I can get this info online?

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Answer: If you have a mortgage what you have is a Warranty Deed, not the same as having a Deed. Your signature is not required. You no longer had any legal rights to the property when the clerk's representative said "sold" at the auction. Sold does not have to mean that another person purchased the property, it reverts back to the lender if the highest bid was not enough to cover the default amount plus costs of foreclosure.

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