What happens when you foreclose a property?

Answer Property foreclosure occurs when a person is unable to repay the money he borrowed from a bank or mortgage company. The creditor then attempts to recover that money by selling the property.Final E... Read More »

Top Q&A For: What happens when you foreclose a property

What happens when I foreclose on my house?

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 »

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 »

What happens when you foreclose your home?

Foreclosing a home can be a traumatic experience for any homeowner. It's very important for home owners to know what happens when they foreclose their home.CreditTypically, a borrower's credit will... Read More »

What happens when a property management fails to put property usage rules in contract?

There are several state laws that govern property management in California. Apparently, a real estate license is required there in order to manage property. You can inquire at your local city hall ... Read More »