Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so they are considering walking away and foreclosure. They are spending almost $2000.00 a month in mortgage paymens, and they could only rent it for $1300 a month. Any ideas on how I could keep the house or help them without foreclosure?

My landlord went to foreclosure without evicting us. The bank tried to auction the house today, but got no bids. The title reverted to the bank. What can I expect to happen next? I worry about coming home to find the locks changed, all our stuff seized. The landlord won’t take any calls and hasn’t for a month. What about our security deposit? Don’t I have to be given an eviction notice, or am I just out of luck?

I see all these things on TV but I want to LEARN all about the tax foreclosure industry before I do anything dumb. If you have had success with anything related to this, please let me know how you started learning about it.

I am facing forclosure on my house here in Arkansas. My payments have gotten too high, and i can’t afford to keep making them on my current income. If they do foreclose on the property, and i owe a remainder on that amount, what are the options they will give me to repay the amount? Will i be given the opportunity to make payments on the remaining balance? Will they garnish my wages?
I have searched on what happens after foreclosure in arkansas and can find little more than what happens during the process.

I own a business and rent an apartment from the same landlord, same property. The lease is for 10 years on the business and another 6 months on the apartment. She is now filing foreclosure. Does the bank take over? Will I come home and find padlocks on my doors? Please only serious answers.