InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Treat an eviction seriously now that you'll be a renter. Posted by mark on March 18, 2002 at 9:12 PM In Reply to: Treat an eviction seriously now that you'll be a renter. posted by Ward-CA- on March 18, 2002 at 7:26 PM : : Ward, I just recevied a letter from the eviction dept reguarding my recent forclosure. It did not give a last date, just the following info. "This letter is to inform you that eviction proceedings have been instituted against this property. If the property is not vacated voluntarily, you will be evicted." I tried to call the number given, but it was not within business hours. I was wondering if this is just a scare letter to keep the mortgage company from incurring any additional cost before they actually begin the eviction process? I also found out that the property was bought back by the original mortgage company for more that what I barrowed from them. Am I entitled to the extra or will the launder this as attorneys fee's etc. etc. etc. untill all the additional money was spent so I would not receive the overage. No wonder they would not consider my workout relief packet to give me additional time to sell the property. I tried to get a reason for denile from the forclosure dept, but they couldn't give a reason for not granting me additional time. : =•=•=•=•=•=•=•=•=•=•= : Mark, I’d nail down the date I had to be out of the unit to avoid an actual eviction. It’s one thing you don’t need showing up on your credit report while you’re trying to qualify to rent. : If there was an overbid at the foreclosure auction and there were no other liens against the property that were junior to the foreclosing mortgage, then yes you’d be entitled to the overage. : In some jurisdictions you have to contact the party who processed the foreclosure (attorney, or sheriff, or trustee) and formally make application for the overage. Thanks for the help Ward, you are the man. I have already signed the lease on my rental home last Friday. Just can't move into it right away, and trying to avoid being "homeless" for a few weeks. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, I just recevied a letter from the eviction dept reguarding my recent forclosure. It did not give a last date, just the following info. "This letter is to inform you that eviction proceedings have been instituted against this property. If the property is not vacated voluntarily, you will be evicted." I tried to call the number given, but it was not within business hours. I was wondering if this is just a scare letter to keep the mortgage company from incurring any additional cost before they actually begin the eviction process? I also found out that the property was bought back by the original mortgage company for more that what I barrowed from them. Am I entitled to the extra or will the launder this as attorneys fee's etc. etc. etc. untill all the additional money was spent so I would not receive the overage. No wonder they would not consider my workout relief packet to give me additional time to sell the property. I tried to get a reason for denile from the forclosure dept, but they couldn't give a reason for not granting me additional time. : : =•=•=•=•=•=•=•=•=•=•= : : Mark, I’d nail down the date I had to be out of the unit to avoid an actual eviction. It’s one thing you don’t need showing up on your credit report while you’re trying to qualify to rent. : : If there was an overbid at the foreclosure auction and there were no other liens against the property that were junior to the foreclosing mortgage, then yes you’d be entitled to the overage. : : In some jurisdictions you have to contact the party who processed the foreclosure (attorney, or sheriff, or trustee) and formally make application for the overage. : : Thanks for the help Ward, you are the man. : I have already signed the lease on my rental home last Friday. Just can't move into it right away, and trying to avoid being "homeless" for a few weeks. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2002, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455