Residual balance after foreclosure

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However, there are different types of Foreclosure. Was your property sold through court or sold in a public auction by your mortgage lender? You have to check the papers of contract as well. It seems the full amount debt is considered to be satisfied after foreclosure.

Stanley is correct as always!!!!! The foreclosure is satisfied at the time of sale unless sold in auction, at this point the lender has the right to sue for the balance. If sold in court the sale is considered as payment usually since the sale would have been for an amount the finance company agreed to. Check the paper file of contract at your local court office.

should you ever pay some one to help you go through a mortgage modification, if approved I would have to pay this mortgage broker's attorney 1,500 to proceed.

question 2, can you push for a permented modification while currently on a temporary modification.

I have heard of attornies successfully assisting with mortgage modifications. However you can probably do it yourself by contacting the loss mitigation or modification department of your mortgage company. I did ours...it was a lot of paperwork but it was so worth it!!

I have heard of attornies successfully assisting with mortgage modifications. However you can probably do it yourself by contacting the loss mitigation or modification department of your mortgage company. I did ours...it was a lot of paperwork but it was so worth it!!