100 day loans

Moe - We are in NY so confused why a mortgage would be non-recourse unless bankruptcy is involved?

I was under the assumption that the loan is governed by state law and NY is a recourse state - meaning that the bank can sue you - after the house is sold at action - if the sale amount is less that what is owed.

The amount they can sue you for is the difference between what is owed and either the sale price or the fair market value, which ever is higher. In NY, the bank has 90 days from the auction to file suit or they miss out. I just found out that my first court date is the first week of June. The bank filed the complaint in October 2014, served me in February 2015, which I answered in the nick of time, and now the first court date in June. One big question I have is, once the foreclosure is final, how long until the bank auctions off your house?

I wonder if people know that they can stay in the house until the auction and even then some (new owner would have to evict you.

And often these are sold to third parties who will stand to annoy the heck out of you to collect. Gonna take the next purchase real careful and hoping to save enough before the auction to buy another house with cash. If the mortgage servicer forecloses the deed of trust out of court, they have chosen one action and may not bring a lawsuit to recover a deficiency because that would be a second action. If the servicer chooses to sue instant cash advance online the borrower and obtain a foreclosure order, and if the proceeds of the judicial sale of the real estate are not sufficient to repay the loan balance, then a deficiency for the balance is allowed. The foreclosure will actually be a sale on the date of your foreclosure where it may be auctioned off that day.

But 100 day loans instant payday loans no credit check New York is well know to have zombie foreclosures. Here is an article on how they are making efforts to fight back against the rising tide of zombie properties. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. If the mortgage servicer forecloses the deed of trust out of court, they have chosen one action and may not bring a lawsuit to recover a deficiency guaranteed loans for bad credit because that would be a second action. If the servicer chooses to sue the borrower and obtain a foreclosure order, and if the proceeds of the judicial sale of the real estate are not sufficient to repay the loan balance, then a deficiency for the balance is allowed.

The foreclosure will actually be a sale on the date of your foreclosure where it may be auctioned off that day. But New York is well know to have zombie foreclosures.

Here is an article on how they are making efforts to fight back against the rising tide of zombie properties. NY is a customarily a judicial foreosure state as loans are customarily secured by mortgages, not deeds of trusts. The first scenario you describe is rare and not the reality. NY has also gone to great lengths to require mandatory settlement conferences in hopes that an agreement can be reached between the bank and the borrower and keep the borrower in the house. Also, it is completely absurd to say that the sale will occur on the foreclosure date.

For one thing, once you loose the case (and may consider yourself foreclosed upon) the foreclosure action still has to go through a final court approval.

Threre also needs to be a notice of foreosure sale posted in a public newspaper annoucing the date and time and place of the auction at least two weeks prior to the sale. I browse through public foreosure listings most of the recent sales are from cases from 2008 - 20012. They want to enforce a new law that banks should have to maintain the home once the borrower moves out, creating this Zombie home. The purpose of starting this thread is to share information amongst New Yorkers who tax advance loans are currently going through this or have recently gone through it. The purpose of this thread is to talk about what is really going on TODAY. I did a search across all NY counties for foreclosure cases that were initiated in 2014. I searched under three plaintiffs and this is how many cases each one has just for 2014 alone: Chase (2265), Nationstar (2481) and Wells Fargo (4542). So how many NY foreclosure cases were filed in the court in 2014 total? But if I had to guess, I think it would be in the hundreds of thousands.

Incidentally, the ecourts web site is a great place to look at on going cases and even track your own.

I have not been officially notified by cash loans online for bad credit mail of my first court appearance yet, I saw the date posted on my case. If you can find your property on Realtytrac, the complaint has been filed. Each case is different and whether or not you put up a fight can 100 day loans make a difference. Knowing where you are in the process can be empowering. I also recvd an acknowledgement letter from PHH that they are looking into it - I had originally filed a complaint against them through the Consumer Financial Protection Bureau. I did a search across all NY counties for foreclosure cases that were initiated in 2014.

I searched under three plaintiffs and this is how many cases each one has just for 2014 alone: Chase (2265), Nationstar (2481) and Wells Fargo (4542).

So how many NY foreclosure cases were filed in the court in 2014 total? But if I had to guess, I think it would be in the hundreds of thousands.

Incidentally, the ecourts web site is a great place to look at on going cases and even track your own.

I have not been officially notified by mail of my first court appearance yet, I saw the date posted on my case. If you can find your property on Realtytrac, the complaint has been filed. Each case is different and whether or not you put up a fight can make a difference. Knowing where you are in the process can be empowering. I figured out how to get 100 day loans on the site but now how to use it... You can also narrow that down further by the county, year 100 day loans the case began, active or not and you can sort by index number or appearance date. So you can really get an idea of the volume and time table in your own county. This allows you to track cases and then you receive an email when ever there is an update to a case. We are also going on 3 years of non-payment, but we moved out of the house last fall- we saved for the new house, got it , love it and we moved on. I am expecting an auction date sometime in the next couple of months. Praying the bank takes it back, so I am not facing deficiency, but if they do go for it, I am planning Chapter 7. We are also going on 3 years of non-payment, but we moved out of the house last fall- we 100 day loans saved for the new house, got it , love it and we moved on. I am expecting an auction date sometime in the next couple of months. Praying the bank takes it back, so I am not facing deficiency, but if they do go for it, I am planning Chapter 7.

Just curious, where were you in the foreclosure process when you moved out? Just trying to get an understanding of the timing of events. When you say you are praying the bank takes it back so you are not facing a deficiency judgment, do you mean you hope you can do a DIL or cash for keys?

My understanding is that at the auction, the bank or anyone can bid. My house is worth about the same as yours, maybe a couple dollars more.

Kind of wondering how this is all going to work out myself as far as the deficiency. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Thanks for this case, very interesting, and is something I have said since day one. What I also find interesting is that no one ties a very small but important part of the code to the face to face requirement: 203. With respect to any action required by the mortgagee or lender within a period 100 day loans of time prescribed by this subpart the Commissioner may extend such period. By interjecting this into your answer or SMJ you are basically telling the court that the banks has not provided or offered into evidence anything from the Commissioner that states that the time requirement is waived.

The only person who could fix this is the Commissioner. Now in this case I am assuming that Countrywide was the original lender and then they were bought out by BOA. Thanks for this case, very interesting, and is something I have said smart loans online since day one. What I also find interesting is that no one ties a very small but important part of the code to the face to face requirement: 203.

With respect to any action required by the mortgagee or lender within a period of time prescribed by this subpart the Commissioner may extend such period. By interjecting need cash now loan this into your answer or SMJ you are basically telling the court that the banks has not provided or offered into evidence anything from the Commissioner that states that the time requirement is waived. The only person who could fix this is the Commissioner. Now in this case I am assuming that Countrywide was the original lender and then they were bought out by BOA. Prior to foreclosure, there is a form the servicers must complete where HUD asks if the meeting was held, and if not, why not. Most servicers lie and just say it was held OR attempted because how would HUD ever find out the truth.

If the courts were honest and if the homeowners were guaranteed due process, things low credit score loans would be very different. As an attorney once told me, NJ courts despise this defense. There las vegas payday loan centers are countless appellate cases in other states.

Of course, another possibility is people may have a hard time finding or paying counsel. But the counsel problem should be an issue regardless where we live, yet other states still have a slew of appeals. Says a lot about America, supposedly the greatest nation, when our courts are one big fraud. For anyone else reading this, this case deals with the issue of a borrower who files BK, surrenders the home in the filing, yet still answers the foreclosure complaint and defends using the face-to-face defense. This is very critical, especially in states where the foreclosure court is not sympathetic to the defense.

It just resets the statute of limitations until they have a face-to-face meeting (during which they have the same interest of doing nothing to help. It just resets the statute of limitations until they have a face-to-face meeting (during which they have the same interest of doing nothing to help.