Guaranteed personal loans with poor credit

Underwater big time, originally with Bank of America and then to Seterus. We hired a lawyer to help us with this whole thing. We also have a home equity loan with chase that we stopped paying. I think it has been like 2 yrs since we paid on either loan. Question to anyone : is it better to try to settle this before or after the forclosure? Also once this forclosure is done what will our consequences be besides bad credit?

Will we be able to just walk away from this and move on? We are planning on leaving New York once it is done.

Has anyone else done this with a lawyer and how long has it taken? It is best guaranteed personal loans with poor credit to just let it go and settle later if needed be. But you will have credit issues and have to work on that if you ever want a decent loan again or a mortgage. A lawyer makes little difference other than having a high priced person in a suit to hold your hand and take your money during the process. 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 online loans direct lenders bad credit attorney.

Please Read our 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. Some states offer lenders a choice between foreclosing and suing for the debt. Your loan might actually say guaranteed personal loans with poor credit if it is recourse as well since they have the choice.

If the mortgage servicer forecloses the deed of trust out of loans without credit check 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 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 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 guaranteed personal loans with poor credit reflect the opinions of the firm or any individual attorney. 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 - fast personal loans online 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 guaranteed personal loans with poor credit guaranteed personal loans with poor credit 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 the borrower and obtain a foreclosure order, and if interest rates for personal loans 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.


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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. 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 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 secured loan for bad credit 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 guaranteed personal loans with poor credit an agreement can be reached between the bank and the borrower and keep the borrower in loans instant decision 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 guaranteed personal loans with poor credit thread is to share information amongst New Yorkers who 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 direct lender cash advance 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).


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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 new payday lender 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 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 best payday loans reviews 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 on the site but now how to use it...

You can also narrow that down further by the county, year 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 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.