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The houses are actually owned by the Detroit Land Bank or are in foreclosure. Ramzu Yunus says it is not a scam and says he has never taken any money. "Actually they gave it to themselves because we don't give away homes because the homes already belong to the people,...
Many foreclosed victims rue that if the banks had reduced the principal previously they would have been able to afford the house and not faced foreclosure. The banks are learning too late that it is cheaper to suffer a loss and come to an understanding with the borrower rather than go ...
. Each state is different, but you may want to google “Your State Foreclosure Prevention Act” to double check if there are any special rules to follow when someone is behind on payments. Plus, oftentimes, we do these deals and the person isn’t in a foreclosure situation. I hope this...
foreclosure The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt. ...
Whether you are in foreclosure, dealing with a divorce, or trying to move on from a house you simply don’t want, we will make you an offer and buy your house within 2 weeks. To get a cash offer for your house, all you have to do is reach out to us. It is free and there is...
If the homeowner is not paying taxes, eventually, the property will be taken via a tax sale. Frequently abandoned houses find their way to foreclosure. The lender holding the mortgage will put it up for auction. The home will go to the REO division within the lending institution if it is...
Avoiding Foreclosure There are many avenues that can lead to becoming underwater in a property, whether you have experienced a change in income or are the victim of predatory lending tactics. Having a foreclosure on your credit report can negatively impact your prospects and lifestyle for many ye...
You are in a situation where you need tostop foreclosure. Someone whom you love has died and left you withan estateto settle. Your house haslien or title problemsinhibiting its immediate sale. And/or in addition to these reasons: Yourreal estate agent is failingto sell your house fast or...