Question by Kikki: I sold my home owner finance and they have abandoned the property after paying on it less than one year. What?
The people that bought my home owner finance have abandoned it and only made payments for less than a year. What are my rights? Can I make entry into the home? Do I need to go through complete forclosure? How do I do that if I can’t contact them?
The home is in Georgia, look no rx USA
Best answer:
Answer by Thomas
Please let us know what country you are in and a location as rule are different and there is no universal answer
In general you should have long ago sent a Notice of Default
Then much depends on whether you had a sale clause in the contract and whether your area requires judicial or non judicial foreclosure and the legal waiting periods.
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Question by d566sddd: What happens if my income changes after I received my pre-approval letter?
When I got my pre approval letter they based it on my last two check stubs, diagnosis which were about $ 100 more than usual because i had about 10 more hours than usual (only for two checks). Now that I have found a home and my offer was accepted, dosage they have asked for updated check stubs. Unfortunately, my hours have gone back to normal so now I’m working 10 hours less than I was. Will that deny me the home loan?
Thanks.
Best answer:
Answer by sep943922
Well normaly they ask for more than two paystubs, I think it is customary to get three months. And when they look at your salary they don’t normaly count overtime unless you give them a year or even two years of paystubs to prove that you have reliable/steady overtime. So I wouldn’t be to concerned about not getting approved however it is little sketchy that there requirements are so light expecialy with banks tightening up on there requirements for lending.
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