What happens when a person’s house is going to be foreclosed?
Because they couldn’t afford to pay off their morgage payments. Since they wanted to keep up with the joneses, what happens to them? Do they move to another house? downgrade to a condo/apartment? live with family members?
I’m just curious to see where many of these people go after there hosue is foreclosed? Is there credit bad as well?
I apologize if I seem so clueless, I know nothing about economics at all. But I will be taking a class during the spring =0
Real Estate Professionals
Related articles:
- What happens when someone’s house is going to be foreclosed? Because they couldn’t afford to pay off their morgage payments. Since they wanted to keep up with the joneses, what happens to them? Do they move to another house?...
- Best way to foreclose on house? My wife and I are not doing well financially and are probably going to foreclose on our house. We are behind on our monthly mortgage payments by about 2...
- How do i fing Foreclosed homes? The court house? clerks office? I live in New York and i want to know how how can i go about finding foreclosed homes and/or apartments? I hear you can find lists at the...
- I want to rent a house or good apartment in Las Vegas. Would foreclosed, empty properties be good prospects? I am having a difficult time finding something I can afford that is nice. I understand that in Las Vegas there are record numbers of homes and apartments that...
- Why cannot they help protect foreclosed families whose credit is destroyed? My neighbor got foreclosed and cannot rent an apartment for his wife and kids. Rejected on bad credit. They are appealing but the national apt. conglomerates wont rent to...
2 Responses to “What happens when a person’s house is going to be foreclosed?”
Leave a Comment
You must be logged in to post a comment.
December 9th, 2009 at 1:25 pm
The kindness of economics if they cant go into an apartment they must be going to forestall eviction hopefully they can not come up with first last and have basic understanding of strangers especially at christmas am certainly glad congress has saved the kindness of strangers especially at christmas am certainly glad.
December 12th, 2009 at 7:01 am
They rent from people like me.