What happens to you in foreclosure of your condominium?

Answer When your condominium is foreclosed upon, the lender assumes ownership of the unit. You may be able to work with the lender to finalize a date by which you will vacate the property; it's unreasonab... Read More »

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What happens to a first mortgage on a condo in California when the condominium is the one doing the foreclosure for the association fees?

Generally: The first mortgagee would receive notice, may choose to pay the overdue fees and add those to the amount due to the bank. If not, the condominium association would acquire the unit subj... Read More »

What happens to your credit after a foreclosure?

Losing a home to foreclosure can deal an individual a devastating emotional blow. Unfortunately, the foreclosure itself isn't the end of his troubles. Foreclosure has a negative effect on credit sc... Read More »

Condominium foreclosure by hoa in Florida?

It's unclear from your question who owns the property, who is foreclosing on the unit and the reason for the foreclosure. If you own the property, and you owe money -- either to a lender, to a tax... Read More »

What happens in a foreclosure?

When a homeowner defaults on her mortgage, the lender can take possession of the home through the foreclosure process. The length of the process, and the ability of the former homeowner to save her... Read More »