What happens when I foreclose on my house?

Answer After mortgage payments are approximately six months behind, a person may be forced to foreclose on his home. Paperwork must be filed properly, and then there is a brief waiting period before the o... Read More »

Top Q&A For: What happens when I foreclose on my house

What happens when you foreclose on a house in Texas?

Texas is a state where lenders can exercise a non-judicial foreclosure, meaning that they do not need court approval. The foreclosure process in Texas is also one of the shortest in the nation and ... Read More »

Can Your Two Mortgages Foreclose on Your House?

A foreclosure occurs when a lender goes to court and files a foreclosure motion to have your home sold as a means of repaying an unpaid debt on your property. If you have multiple liens on your hom... Read More »

Can a second mortgage company foreclose on a house?

The second mortgage company does have the legal right to foreclose but the question is whether or not it is really in their best interest to do so. They would need to be able to pay off the first m... Read More »

Can you foreclose on a second mortgage?

It is possible to foreclose on a second mortgage. However, the second mortgage is only foreclosing on their position, so the first mortgage and any taxes must be satisfied before the foreclosure sa... Read More »