I havent missed a payment yet but I am planning on moving within 4 months.I will let the house go with March being my last payment.Is there anyway I can help my mortgage company expedite the foreclosure? This is probably a strange question but I would like to know if it is possible to get the house out of my name within 4 months.

I am going to bid on a house at foreclosure and it has a 1st mortgage of $280K and a second of $70K. The lender on the first two mortgages is Decision One Mortgage. The lender at foreclosure is Countrywide. Does this mean that if I buy this house at foreclosure that I will own additional money to the second mortgage or just the first mortgage and back taxes?

This audio CD teaches the fundamental decisions needed before choosing a mortgage when buying or refinancing real estate. For many people, getting a mortgage is one of their biggest investments. Making the right choice can save thousands, while making a poor one can be costly.

You will learn:

How to choose a mortgage company
What really controls mortgage interest rates
Which mortgage makes sense for you
How to prepare before you buy
When does it make sense to refinance
Creat (more…)

My house in California is currently in foreclosure. I have a 1st and a 2nd mortgage as well as a 3rd, seller note. What happens at the foreclosure auction? What happens if there isn’t enough funds to pay off the leins? What if any steps should I take?