Pasco couple fear losing home to foreclosure… for paying mortgage too early

Actions to foreclose a lien on real property are filed as a General Civil case, either in Circuit Court or County Court depending upon the amount owed. circuit court has jurisdiction for cases exceeding $15,000, and County Court up to and including $15,000.

Don’t scoff. It could happen. Did you hear about the people who found a vintage Superman Comic Book in the basement of their foreclosed home that was worth enough to pay off their mortgage?! 5. Create a back-up plan that excites you. It’s never too early to start thinking about where you will go if you lose your house.

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Couple saved 180k by paying off their mortgage in just nine years. and here’s how you can too Orall Cornelius, 46, and wife Carla, 43, own a three-bedroom, semi-detached home in Walthamstow.

But the room was too tightly packed for her to take it down again, so as winter turned into spring outside, there it stood. Faced with losing. home price around $1 million, a mortgage broker says.

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 · What can complicate things is a mortgage that’s delinquent or underwater. Dealing with delinquency at the time of death will often be a matter of duration. A mortgage that’s 30 or 60 days behind might be salvageable, but foreclosure proceedings could.

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Losing your home to foreclosure can be stressful. It’s easy to overlook the tax consequences-at least initially. But if your lender cancels part or all of your mortgage debt as part of a home foreclosure (or a short sale or deed in lieu of foreclosure), you might have to report the canceled amount on your tax return and perhaps pay taxes on it.

Pasco couple fear losing home to foreclosure for paying mortgage too early NEW PORT RICHEY – Seventy-year-old Sharon Bullington may lose her home because she paid her mortgage a week early. That may not make much sense to the thousands of homeowners who are behind on their mortgages in Florida.

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