What happens when you forclose on a house?

Answer Foreclosure is the formal action legally cancelling your ownership of a home. When you foreclose on a house, you face likely eviction from the property and damage to your credit profile. Foreclosur... Read More »

Top Q&A For: What happens when you forclose on a house

When can lenders forclose on a mortgage?

Each lender has different guidelines that dictate when it will initiate foreclosure proceedings against a borrower. On average, a lender will begin foreclosure proceedings after three missed mortga... Read More »

Can a condo assoc forclose on a unit?

Yes. Read your governing documents to discover under which terms the association can sell your unit.Generally, this is possible when an owner who has agreed to pay assessments, fails to pay them, s... Read More »

Can home owner associations in Ohio forclose on property for non payment of hoa dues?

In most states, generally, foreclosure is a last resort that an association takes in order to recover past-due assessments. And it is a step that the association can and will take. Your governing ... Read More »

Can my putting a modestly sized addition on my house diminish the value of my neighbor's house assuming it matches the existing house?

Given your categorization of this question, one must assume that you are both members of an association. Associations are run according to governing documents. So long as your addition is added acc... Read More »