Foreclosure - Revision history

Elena Renderos at 06:05, 17 October 2020

2020-10-17T06:05:47Z

Elena Renderos: Elena Renderos moved page Foreclosure (No. 415) to Foreclosure: Removing recording numbers from page names

2020-09-12T04:34:08Z

Elena Renderos moved page Foreclosure (No. 415) to Foreclosure: Removing recording numbers from page names

← Older revision	Revision as of 04:34, 12 September 2020
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Drew Jackson at 22:54, 29 March 2019

2019-03-29T22:54:46Z

← Older revision		Revision as of 22:54, 29 March 2019
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	{{REVIEWEDPLS \| reviewer = [https://www.ganapathico.com/our-team/nathan-ganapathi/ Nathan Ganapathi] and [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Ganapathi Law Group\|date= October 2017}} {{Dial-A-Law TOC\|expanded = home}}		{{REVIEWEDPLS \| reviewer = [https://www.ganapathico.com/our-team/nathan-ganapathi/ Nathan Ganapathi] and [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Ganapathi Law Group\|date= October 2017}} {{Dial-A-Law TOC\|expanded = home}}
	If you default on your mortgage, the lender can go to court to take the property you mortgaged or sell it to pay the debt. This process is called ~~“foreclosure”~~.		If you default on your mortgage, the lender can go to court to take the property you mortgaged or sell it to pay the debt. This process is called “'''foreclosure'''”.

	==Understand your legal rights==		==Understand your legal rights==
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	After foreclosure proceedings, any mortgages or charges registered ''before'' the lender’s mortgage continue and are still valid. However, any that were registered ''after'' the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.		After foreclosure proceedings, any mortgages or charges registered ''before'' the lender’s mortgage continue and are still valid. However, any that were registered ''after'' the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.


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	{{Dial-A-Law Copyright}}		{{Dial-A-Law Copyright}}

Elena Renderos at 07:52, 28 March 2019

2019-03-28T07:52:24Z

← Older revision		Revision as of 07:52, 28 March 2019
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	{{~~Dial~~-A-Law ~~Blurb~~}}		{{REVIEWEDPLS \| reviewer = [https://www.ganapathico.com/our-team/nathan-ganapathi/ Nathan Ganapathi] and [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Ganapathi Law Group\|date= October 2017}} {{Dial-A-Law TOC\|expanded = home}}

	{{Dial-A-Law TOC\|expanded = ~~housing~~}}
	If you default on your mortgage, the lender can go to court to take the property you mortgaged or sell it to pay the debt. This process is called “foreclosure”.		If you default on your mortgage, the lender can go to court to take the property you mortgaged or sell it to pay the debt. This process is called “foreclosure”.

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	After foreclosure proceedings, any mortgages or charges registered ''before'' the lender’s mortgage continue and are still valid. However, any that were registered ''after'' the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.		After foreclosure proceedings, any mortgages or charges registered ''before'' the lender’s mortgage continue and are still valid. However, any that were registered ''after'' the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.



	~~[updated October 2017]~~

	'''The above was last reviewed for legal accuracy by [https://www.ganapathico.com/our-team/nathan-ganapathi/ Nathan Ganapathi] and [https://www.ganapathico.com/our-team/anna-kurt/ Anna Kurt], Ganapathi Law Group.'''

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	{{Dial-A-Law Copyright}}		{{Dial-A-Law Copyright}}

	~~{{Dial-A-Law_Navbox\|type=housing}}~~

Drew Jackson: Drew Jackson moved page Foreclosure (Script 415) to Foreclosure (No. 415): align with new Dial-A-Law website

2019-03-22T00:51:14Z

Drew Jackson moved page Foreclosure (Script 415) to Foreclosure (No. 415): align with new Dial-A-Law website

← Older revision	Revision as of 00:51, 22 March 2019
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Dial-A-Law: /* What if I have a second mortgage registered against my home? */

2019-03-06T05:45:28Z

What if I have a second mortgage registered against my home?

← Older revision		Revision as of 05:45, 6 March 2019
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	===What if I have a second mortgage registered against my home?===		===What if I have a second mortgage registered against my home?===
	After foreclosure proceedings, any mortgages or charges registered before the lender’s mortgage continue and are still valid. However, any that were registered after the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.		After foreclosure proceedings, any mortgages or charges registered ''before'' the lender’s mortgage continue and are still valid. However, any that were registered ''after'' the lender’s mortgage are cancelled. The holders of those charges lose their security. For example, if you have two mortgages on your home, and the first lender forecloses, the second lender will have to pay off the first lender or lose its security. Then the second lender would have to try to get you to pay its loss.

Dial-A-Law: /* You don’t automatically lose your home if you default */

2019-03-06T05:43:38Z

You don’t automatically lose your home if you default

← Older revision		Revision as of 05:43, 6 March 2019
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	If you miss a mortgage payment, the lender will usually send a reminder letter. If they don’t hear from you or receive the missed payment, the lender will then follow up with a '''demand letter'''.		If you miss a mortgage payment, the lender will usually send a reminder letter. If they don’t hear from you or receive the missed payment, the lender will then follow up with a '''demand letter'''.

	In fact, under the law, the lender must send you a demand letter before they can start legal proceedings to take your home.		In fact, under the law, the lender ''must'' send you a demand letter before they can start legal proceedings to take your home.

	The demand letter must say exactly what you owe. It must also say that:		The demand letter must say exactly what you owe. It must also say that:

Dial-A-Law at 05:42, 6 March 2019

2019-03-06T05:42:31Z

Show changes

Dial-A-Law at 20:06, 25 October 2017

2017-10-25T20:06:06Z

← Older revision		Revision as of 20:06, 25 October 2017
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	[updated October 2017]		[updated October 2017]

	'''The above was last reviewed for accuracy by Anna Kurt ~~and Nathan Ganapathi~~, and edited by John Blois.'''		'''The above was last reviewed for accuracy by Nathan Ganapathi and Anna Kurt, and edited by John Blois.'''
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Dial-A-Law: /* More information */

2017-10-24T23:32:19Z

More information

← Older revision		Revision as of 23:32, 24 October 2017
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	'''The above was last reviewed for accuracy by Anna Kurt and Nathan Ganapathi, and edited by John Blois.'''		'''The above was last reviewed for accuracy by Anna Kurt and Nathan Ganapathi, and edited by John Blois.'''
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