What Happens After Foreclosure
Foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn’t pay their mortgage....
View Article1099 After Foreclosure – Cancellation of Debt & Anti-Deficiency
Here we take a closer look at the phenomenon of 1099 Cancellation of Debt income following a foreclosure. Why Foreclosed Homeowners Receive 1099s for Cancelled Debt First, the basics: if you owe a debt...
View ArticleCalifornia Foreclosure Law | Foreclosure in California
As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or...
View ArticleDeficiency Judgement, Anti-Deficiency Laws, California and Elsewhere
July, 2007 As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner...
View ArticleForeclosure Law | Foreclosure Help | Stop Foreclosure
What Is Foreclosure? Foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she...
View ArticleWhat Is a Deficiency Judgement in a Foreclosure | Debt After Foreclosure
Will I Owe a Debt After Foreclosure? Well, let’s begin with a different question: will I be sued after a foreclosure? Whether you can be sued after a foreclosure depends on whether your state is a...
View ArticleCan Bankruptcy Stop Foreclosure?
Yes, bankruptcy can stop foreclosure–but not without careful planning, and not without consequences. Read on to learn how to make this important decision. Bankruptcy Stops All Legal Proceedings...
View ArticleCredit Repair After Foreclosure
How Does Foreclosure Affect My Credit? Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in...
View Article1099 After Foreclosure | Cancellation of Debt Income
As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or...
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