Foreclosures Help Information

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Foreclosure Help Line

Question: Can you do a Deed-in-lieu of foreclosure if you have a home equity line of credit on your home?

I am considering the Deed in lieu of foreclosure option but I have a Home equity line of credit on my house. Is this something that can still be done? BTW I live in Florida if that has any bearing on the answer.
Thanks in advance for any advice

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Answer: Not absolutely certain about a "2nd" mortgage in Florida, but in most states, the line of credit will just be closed. And if you have a balance, the lender can come after you personally for repayment.

This sounds like an important question to you. I would suggest getting an answer from a Florida real estate attorney.

Good luck.

Foreclosure Prevention Helpline June 2008

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Help With Foreclosure In Texas

Question: how do i get free foreclosure listings in texas?

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Answer: There is a section of Yahoo real estate that shows foreclosures by area. I looked there to see the properties near me. (Farmersville, TX)

NEW - Learn How to Stop Foreclosure in Texas

Help With Foreclosure In California

Question: Who pays for overdue HOA fees in California foreclosure?

My primary residence was foreclosed on in California. I have not payed for HOA dues. Now the HOA is attempting to collect fees. Who is responsible for paying those overdue fees?

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Answer: You are responsible for paying the dues you owed up until the time the bank took over. Once the foreclosure happened and the bank became the owner, they are responsible for paying the dues from that point on.

Bankruptcy reform will help the foreclosure crisis