| Mortgage Forclosure The forum for everything related to Mortgage Forclosure |
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09-13-2007, 04:55 PM
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Who is responsible for the mortgage payments
during the foreclosure transfer process? It usually takes approximately 90-100 days to effectuate an uncontested foreclosure. During that time, who is responsible for the payments, if anyone?
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09-13-2007, 06:08 PM
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missed payments in foreclosure
not really sure what your question is because a house is in To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.. Although during the process their are attorney fees, unpaid interest, many times unpaid homeowners insurance and taxes (corporate fees, because mortgage company pays these fees) and some other minor fees such as drive by to check property (vacant or occupied). If you want to rephrase your question we can help.
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09-13-2007, 06:11 PM
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The bank will even tell you once the foreclosure process starts, if you pay anything, it's just wasted money.
Take it as a gift and save up for a deposit on your rent - you're going to need it cuz you won't be able to get another loan for the next 7 to 10 years! |
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