The Basics

If you’re a buyer considering a foreclosure purchase, be sure you’ve evaluated the advantages and disadvantages of this type of transaction first. The house has been unoccupied for over a year now since his death and it is falling apart slowly…I want to get it fixed and rented but at the time didn’t know if they would foreclose so I just emptied it of its contents to be safe…however, if this motion to dismiss is won I would assume, with or without prejudice, that any future claims for foreclosure may meet the same end (a request for the original promissory note and a failure to produce).foreclosure

Homeowners in pre-foreclosure could come up with the money to put their loan back in good standing; a lender might be dissatisfied with the offers at auction and take full ownership of the home, potentially waiting months before offering it for sale as a …