Foreclosure Article
Loan Modification Frequently Asked Questions
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. To find out more about Loan Modifications, go to the U.S. Department Housing and Urban Development (HUD) website.
Attached Document
Loan Modification Frequently Asked Questions
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QUESTIONS
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I am living in a house that is in foreclosure. The trustee date is in December, how lolng do I have until I get evicted from the property? How does the whole foreclosure work in AZ?
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Is the law the same re foreclosure the same for a mobile home? I have vacated the property. Can my wages be garnished?
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I have a land contract on a mobile home but do not have the title. The current is in serious default (10 months). Do I foreclose, get a judgement on the loan or get lien? Is this something I can do or do I really need and attorney? If it matters the amount due is about $11,500. Thanks!
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Last year we fell behind on our home payments. We tried to work with the lender for months, Instead they set a foreclosure date. We only owe $265,000 plus the arrears on our home which is now appraising at $422k. We were forced to file Ch. 13 in order to stop the foreclosure and save our equity. My spouse now has a high income job offer out of state. We want to rent out our home instead of selling & dismiss the BK but still owe over $18k in arrears. With our bad credit due to the BK, what are our options for getting a loan to pay the arrears? Our home will rent for $2800 and our payment is 2k.
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My home was in the middle of probate when they sold it so prior to bank sold it to company and because there wasn't somebody legally responsible for the loan hence I had to probate it before anybody at company would discuss it with me, and they granted me executorship a week after the sale. I then had a stroke and was in hospital, court papers scheduled in a few days to go to court. I want to keep my house of 17years what can I do? Please help fast. I am a widower of a vet and on disability as well.
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My house in AZ was foreclosed on& was one of the homes that was part of state of AZ v B of A(national mortgage settlement). Since this foreclosure was part of the successful lawsuit for unfair practices, could I ( and how) can I have it removed from my credit report?
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A sibling had a piece of land that was sold in a trustee's sale in June 2016 . It was 2.55 acres and had no single family residence. I am clear that it doesn't fall under the deficiency exemption because of the size of the lot and no home. Since it's been over 90 days, is it safe to say there will be no legal recourse? Can they still send the debt to ordinary collections agent? Thank you
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As a renter in a property that is going up for sale on 4-22-08, how long do I have to move and find a place to live? The owner will not return my phone calls or my money?
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Does the Arizona Revenue Service have something similar to the IRS' Mortgage Debt Relief Act of 2007? If you have a foreclosure and subsequent debt forgiven, does Arizona add it to your income or do they have a provision to exclude it (similar to the IRS' Mortgage Debt Relief Act of 2007)?
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After my foreclosed property has been auctioned, how much time do I have to remove personal property?
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