Every homeowner who is looking to short sale their property should be asking the following question: “Will I have to pay the bank the difference between what I owe and the final sales price of my property?” The answer to this is both yes and no. Don’t worry, I’ll make it simple for you to understand. Following these three days, if the money is not paid, the court will issue a Writ of Seizure and Sale. Visit You Miss Mortgage Payments to find out what to do. There are four common types of liens on real property: a trust deed, …
Tag: delaware
Foreclosure In Delaware
Once you receive the foreclosure sale notice, panic often sets in. You think you’re going to lose your home no matter what and the sheriff’s coming soon to put your family out on the street. Once that part is complete, the house is put up for auction, where the bank tries to sell it for as much as possible to recover the money it lent. A default usually occurs when a defendant fails to file an answer in court within a certain time after a complaint is filed.
This means they can file a court proceeding against you in order …