State Laws
State Laws
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Foreclosure Basics
Foreclosure Basics
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Can I Lose My Home Because of Unpaid Property Taxes?
If you stop paying property taxes, a sale of your property might follow.
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Some states have laws that prohibit deficiency judgments after foreclosures. These anti-deficiency laws protect borrowers from having to pay the bank for its loss following a foreclosure sale.
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Subordination, Non-Disturbance, and Attornment (SNDA) Agreements
Whether you're the landlord or tenant of a commercial property, you'll want to know what a subordination, non-disturbance, and attornment agreement is and how it will affect you in the event of a foreclosure.
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Get an overview of how mortgages work, steps in a foreclosure, and what happens after a foreclosure.
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Find out whether your state allows homeowners to redeem the property (buy it back) after foreclosure.
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Learn how judicial foreclosures work, steps in a typical judicial foreclosure, states that use the judicial foreclosure process, and more.
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Obtaining a Loan to Stop Foreclosure
Learn the pros and cons of preventing a foreclosure by refinancing or taking out a reverse mortgage.
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Deed in Lieu of Foreclosure vs. Short Sale
Trying to decide whether to pursue a deed in lieu of foreclosure or a short sale? Read this article.
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Using Bankruptcy When Facing Foreclosure
Learn how filing for bankruptcy affects a foreclosure.
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Overview of the Commercial Foreclosure Process
Find out what you can expect to face in a commercial foreclosure.
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Some states have laws that prohibit deficiency judgments after foreclosures. These anti-deficiency laws protect borrowers from having to pay the bank for its loss following a foreclosure sale.
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How Are Deficiency Judgments Collected?
Your lender sues you for a deficiency and wins, but you can't afford to pay. Now what?
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Will Your Short Sale Have Tax Consequences?
Find out whether you might owe federal income taxes after successfully completing a short sale.
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Using Bankruptcy When Facing Foreclosure
Learn how filing for bankruptcy affects a foreclosure.
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Can I File an Emergency Bankruptcy Petition to Stop a Foreclosure Sale?
If your mortgage lender is about to foreclose, filing an emergency bankruptcy petition, also called a "bare-bones" or "skeleton petition," can delay or stop the foreclosure process. If you file for Chapter 13 bankruptcy, you can catch up on arrearages over time and keep your house. Filing for Chapter 7 could give you more time to negotiate with the bank, but in most cases, Chapter 7 delays the foreclosure by a few months, and ultimately, filers lose their home.
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Should You File for Chapter 7 Bankruptcy Before or After Foreclosure?
If you know you’ll lose your house in foreclosure and plan on filing for Chapter 7 bankruptcy, whether to file before or after foreclosure can be a confusing decision. Because each strategy has pros and cons, choosing when to file requires selecting the downsides you’re more comfortable with.