If the borrower believes that a lender or servicer has violated the requirements for a single point of contact in section 38-38-103.1 or the prohibition on dual tracking in section 38-38-103.2, the borrower may file a complaint with the Colorado Attorney General , the Federal Consumer Financial Protection Bureau (CFPB), or both. An order or mandatory process in writing issued in the name of a court or judicial officer commanding the person to whom it is directed to perform or refrain from performing a specified act. The process and timing of a foreclosure can vary by state laws, and many other factors.
It can sell the house, but if the sale does not produce enough money to pay off the mortgage, you do not have to pay the difference. North Carolina does not sell tax lien certificates; therefore, payment of the tax lien prior to sale at public auction will not transfer ownership of the property.
We are here to help in all aspects of homeownership and foreclosure prevention. Sometimes when things go wrong you will have to undergo a foreclosure to try and salvage anything that you can. Our UCC Redemption Book will guide you through the complete process of becoming a secured party creditor.
A Resource Guide for Foreclosure Recovery – Learn ways to gracefully exit home ownership, how foreclosure affects your taxes, how to avoid rental scams, and ways you can rebuild your credit. It created a brand-new section of the Texas Property Code that dealt with HOA powers and duties, everything from the way foreclosures and liens are handled to record-keeping and management.
If anyone asks the court for conduct of sale for your property, you should ask the court to give you exclusive conduct instead. The UCC-1 Lien Filing Process begins by doing a proper and professional UCC process with the help of the UCC Redemption Book. If the court gives the lender or anyone else the right to sell your house, it gives them conduct of sale, meaning the lender takes control over selling the home.