House of Debt: Missing document could cost Haywood County …

Sep 7, 2022 · Harris is facing foreclosure despite never missing a mortgage payment. The ordeal has turned her dream home into a house of debt. What's more terrifying is it could happen to you.

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New Homeowners Lose $122,000 As Housing Prices Drop

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Dec 7, 2023 · New homeowners across the U.S. are confronting a rapid depreciation in their home values. With recent data showing an average loss of $122,000 in home value in some …

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FAQs about House of Debt: Missing document could cost Haywood County … Coupon?

What can cause you to lose your property?

70+ Ways to Lose Your Property A forgery 50 years ago; a deed executed under duress; bigamy that went unknown; an error by a clerk in the county recorder's office; a misapplied tax payment — these are but a few of the hidden "title defects" that could cause you to lose your property. ...

What happens if you miss a property tax payment?

Even if you have paid off your mortgage, missing a property tax payment can cause you to lose your home. Property taxes rise over time, making it difficult to keep up with the payments. Falling behind can result in penalties, fines, and ultimately, the loss of your home. ...

What happens if you lose the ability to pay a mortgage?

Most people who lose the ability to pay a mortgage either refinance for a lower payment that they can afford or sell their house and pay off the debt with the proceeds. For example, let's say the old couple in your scenario owe $60,000 in principal on a $400,000 house. They list the house at a bargain price: $350,000. The house sells immediately. ...

Can a homeowner assume liability for a mortgage?

If there is a mortgage on the home, these homeowners must act quickly to make mortgage payments in order to avoid foreclosure. And the homeowner may in some circumstances wish to assume liability for the mortgage. ...

Can you lose a house if you don't pay property taxes?

In more than a dozen states, homeowners can lose their houses if they fail to pay their property taxes. Some lawmakers are hoping to change the rules. ...

What if a house was bought 27 years ago?

Do understand that foreclosure houses tend to sell at an extreme discount, so the potential for losing a large chunk of equity is very high in that situation. Practially if the house is bought 27 years ago, it would have appreciated quite a bit. Definately 4 to 5 times the original value. ...