Forclosure Eviction

[socrattt]

[quote=urbanrealtor]
Nothing like that compassionate Christian spirit.
You certainly stay true to form dude.
[/quote]

Urban, Did you want me to tell him to hug his neighbor and praise him for his greediness? I am glad you are here to hold me accountable. Once again you seem to be mindlessly wandering around to find a place for your thoughtless comments! And you found one!!! Thanks for that tidbit.

I will admit going back and reading that post seemed to be a bit harsh especially because I was more being cynical than anything else!!! Urban, was it my Obama comment that set you off?

[Doofrat]

1. They will need to arrange a place to rent, preferably one with a landlord that makes their payments on time, seriously, they should check up on this before renting.

2. They will need to arrange to rent a moving truck, or arrange with a moving company for moving services.

3. They will need to file a change of address with the post office and notify their various utilities that they wish to keep of their change of address.

That’s about it. I may have missed something, but I think those are the major points.

Oh, and I welcome them to the world of renting, it isn’t that bad.

[Doofrat]

1. They will need to arrange a place to rent, preferably one with a landlord that makes their payments on time, seriously, they should check up on this before renting.

2. They will need to arrange to rent a moving truck, or arrange with a moving company for moving services.

3. They will need to file a change of address with the post office and notify their various utilities that they wish to keep of their change of address.

That’s about it. I may have missed something, but I think those are the major points.

Oh, and I welcome them to the world of renting, it isn’t that bad.

[Doofrat]

1. They will need to arrange a place to rent, preferably one with a landlord that makes their payments on time, seriously, they should check up on this before renting.

2. They will need to arrange to rent a moving truck, or arrange with a moving company for moving services.

3. They will need to file a change of address with the post office and notify their various utilities that they wish to keep of their change of address.

That’s about it. I may have missed something, but I think those are the major points.

Oh, and I welcome them to the world of renting, it isn’t that bad.

[Doofrat]

1. They will need to arrange a place to rent, preferably one with a landlord that makes their payments on time, seriously, they should check up on this before renting.

2. They will need to arrange to rent a moving truck, or arrange with a moving company for moving services.

3. They will need to file a change of address with the post office and notify their various utilities that they wish to keep of their change of address.

That’s about it. I may have missed something, but I think those are the major points.

Oh, and I welcome them to the world of renting, it isn’t that bad.

[Doofrat]

1. They will need to arrange a place to rent, preferably one with a landlord that makes their payments on time, seriously, they should check up on this before renting.

2. They will need to arrange to rent a moving truck, or arrange with a moving company for moving services.

3. They will need to file a change of address with the post office and notify their various utilities that they wish to keep of their change of address.

That’s about it. I may have missed something, but I think those are the major points.

Oh, and I welcome them to the world of renting, it isn’t that bad.

[IONEGARM]

Have they been served the 3 day notice to quit yet?

If not, they have at least 3 days.

If they have and have gone past 3 days they’ll be eviction proceedings and all that.

It really depends where they are in the process.

The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.

[IONEGARM]

Have they been served the 3 day notice to quit yet?

If not, they have at least 3 days.

If they have and have gone past 3 days they’ll be eviction proceedings and all that.

It really depends where they are in the process.

The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.

[IONEGARM]

Have they been served the 3 day notice to quit yet?

If not, they have at least 3 days.

If they have and have gone past 3 days they’ll be eviction proceedings and all that.

It really depends where they are in the process.

The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.

[IONEGARM]

Have they been served the 3 day notice to quit yet?

If not, they have at least 3 days.

If they have and have gone past 3 days they’ll be eviction proceedings and all that.

It really depends where they are in the process.

The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.

[IONEGARM]

Have they been served the 3 day notice to quit yet?

If not, they have at least 3 days.

If they have and have gone past 3 days they’ll be eviction proceedings and all that.

It really depends where they are in the process.

The home didn’t get sold with no notice btw, they would have had a NTS filed and the lender was postponing. Then once they missed the loan mod payment (!) the lender took the next sale date and foreclosed. The lenders give people a LOT of chances.. your friend just used them all up.

[UCGal]

[quote=tintin71]I was shocked to find out that my friend’s house has been foreclosed. The house is located in Poway and they had owned it for over 20 years…The lender was GMAC and they had done loan modification and had missed a payment(?)…

apparently missing a payment on a modified loan results in the house being sold by the bank unbeknown to the occupants…
[/quote]

That actually seems reasonable… If they had kept their original 30 year loan and paid it off – they’d have a whole lot of equity and not small amount of debt. I’m assuming they refi’d, probably took cash out, somewhere along the way. And then got behind and eventually went to the loan modification process. They were fortunate to actually get a loan mod through.

And then they failed to take advantage of the new reduced payment – they missed it.

My limited understanding is that loan mods have caveats that the payments MUST be made in full and on time or the house goes straight into foreclosure. After all – you don’t get to do a loan mod unless you’re already in some stage of foreclosure to begin with.

It’s a hassle your friends have to deal with moving, but they should have made the payments on their modified loan. Period.

[UCGal]

[quote=tintin71]I was shocked to find out that my friend’s house has been foreclosed. The house is located in Poway and they had owned it for over 20 years…The lender was GMAC and they had done loan modification and had missed a payment(?)…

apparently missing a payment on a modified loan results in the house being sold by the bank unbeknown to the occupants…
[/quote]

That actually seems reasonable… If they had kept their original 30 year loan and paid it off – they’d have a whole lot of equity and not small amount of debt. I’m assuming they refi’d, probably took cash out, somewhere along the way. And then got behind and eventually went to the loan modification process. They were fortunate to actually get a loan mod through.

And then they failed to take advantage of the new reduced payment – they missed it.

My limited understanding is that loan mods have caveats that the payments MUST be made in full and on time or the house goes straight into foreclosure. After all – you don’t get to do a loan mod unless you’re already in some stage of foreclosure to begin with.

It’s a hassle your friends have to deal with moving, but they should have made the payments on their modified loan. Period.

[UCGal]

[quote=tintin71]I was shocked to find out that my friend’s house has been foreclosed. The house is located in Poway and they had owned it for over 20 years…The lender was GMAC and they had done loan modification and had missed a payment(?)…

apparently missing a payment on a modified loan results in the house being sold by the bank unbeknown to the occupants…
[/quote]

That actually seems reasonable… If they had kept their original 30 year loan and paid it off – they’d have a whole lot of equity and not small amount of debt. I’m assuming they refi’d, probably took cash out, somewhere along the way. And then got behind and eventually went to the loan modification process. They were fortunate to actually get a loan mod through.

And then they failed to take advantage of the new reduced payment – they missed it.

My limited understanding is that loan mods have caveats that the payments MUST be made in full and on time or the house goes straight into foreclosure. After all – you don’t get to do a loan mod unless you’re already in some stage of foreclosure to begin with.

It’s a hassle your friends have to deal with moving, but they should have made the payments on their modified loan. Period.

[UCGal]

[quote=tintin71]I was shocked to find out that my friend’s house has been foreclosed. The house is located in Poway and they had owned it for over 20 years…The lender was GMAC and they had done loan modification and had missed a payment(?)…

apparently missing a payment on a modified loan results in the house being sold by the bank unbeknown to the occupants…
[/quote]

That actually seems reasonable… If they had kept their original 30 year loan and paid it off – they’d have a whole lot of equity and not small amount of debt. I’m assuming they refi’d, probably took cash out, somewhere along the way. And then got behind and eventually went to the loan modification process. They were fortunate to actually get a loan mod through.

And then they failed to take advantage of the new reduced payment – they missed it.

My limited understanding is that loan mods have caveats that the payments MUST be made in full and on time or the house goes straight into foreclosure. After all – you don’t get to do a loan mod unless you’re already in some stage of foreclosure to begin with.

It’s a hassle your friends have to deal with moving, but they should have made the payments on their modified loan. Period.

[Author]

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