House for foreclosure

**edilat** · January 28th, 2010 09:17 PM

mga people ng tsikot, need help very badly, especially sa mga bankers dyan.

Ang problema kasi ay ganito, may bahay (house A) kami na nakasangla sa isang bangko at mareremata na...Sabi ng bangko malapit na daw bumaba ang foreclosure notice(notice na rematado na). pag bumaba ba ang noitce na yun di na talaga mahabol?binebenta na namin ang isang property (house B) para matapal sa atraso na to pero baka bumaba na yung notice bago mabenta...mas malaki ang mawawala pag nawala ang House A. ang sabi ng bangko pagbumaba na daw ang notice di na daw sila ang dapat namin kausapin ibang agency na daw. Anong agency kaya?

pasensya na kung magulo, di ko na rin dinetalye kasa sobrang haba...right now talagang parang sasabog na utak ko.....

**ewa_boys** · January 30th, 2010 11:10 AM

Usually any form of uncollected debt they pass it to a collection agency. At yun ang dapat mong alamin kung sinong collection agency yun.

**tigkal** · January 30th, 2010 12:01 PM

Usually pag may foreclosure, may one year redemption period ka.Tapos may two week advertisement yan sa local newspapers. Then yun sheriff mag handle ng bidding. Ang bid ng bank ay yung amount ng utang mo plus interest. Kaya nasabi ng bank na iba na kausapin mo kasi baka may interesado bumili sa house mo. Pag may bumili, yung bumili na kausapin mo before mag lapse ng one year.Pag lapse ng one year and hindi kayo magkasundo, automatic sa kanya na yun. Kaya if yung cost ng bahay is greater ng utang mo sa bank, marami maghahabol nyan. Pag wala naman bumili, balik sa bank yung mortgage, and after a year, pwede na benta ng bank yung house.

**edilat** · January 30th, 2010 02:06 PM

Originally Posted by tigkal

Usually pag may foreclosure, may one year redemption period ka.Tapos may two week advertisement yan sa local newspapers. Then yun sheriff mag handle ng bidding. Ang bid ng bank ay yung amount ng utang mo plus interest. Kaya nasabi ng bank na iba na kausapin mo kasi baka may interesado bumili sa house mo. Pag may bumili, yung bumili na kausapin mo before mag lapse ng one year.Pag lapse ng one year and hindi kayo magkasundo, automatic sa kanya na yun. Kaya if yung cost ng bahay is greater ng utang mo sa bank, marami maghahabol nyan. Pag wala naman bumili, balik sa bank yung mortgage, and after a year, pwede na benta ng bank yung house.

sir, does it mean na pag bumaba na ang foreclosure order eh paalisin na kami sa bahay?or after lumabas ng FC,dun papasok ang one year redemption period?tama po ba pagkakaintindi ko?

salamat

**frenchtower** · January 31st, 2010 04:44 AM

Maybe what you can do is to contact the bank's legal department and arrange a compromise with them. Let your bank be involved in the sale of your other property as a way of assuring them that something is being done to settle your obligation.

I don't think the bank would ask you to leave the house yet. If the collection would be transferred to an outside agency, the worst thing that might happen on this stage is that you will be asked to pay your financial obligation with a huge amount of penalty. And of course, they will make sure you will have sleepless nights until you comply.

If still, you are unable to settle your debt, the bank and the agency can ask the courts to issue an eviction notice. Be ready to expect the Sheriffs at your doorstep.

Remember, the bank is not after your property. They are after your money. Your property is just a fall back in case the debt is not settled based on agreement.

Hope this helps.

**n2knee** · January 31st, 2010 07:35 AM

saang lugar ba ito bro edilat? at saang bangko? sa pilipinas ba o sa ibang bansa? karamihan ng mga bangko mayron silang department na ang specialty nila ay yung mga cases na papunta na sa foreclosure. yung mga bangko sa USA mayron silang home retention department. kung nandito ka yun ang tawagan mo.

kung nandito ka sa USA, pm me. bigyan kita ng tips from start to finish. FREE of charge. :lol:

**xoom** · January 31st, 2010 10:51 AM

losing one's house is probably the pinnacle of hitting rock bottom. okay lang mawala ang kotse, rolex, jewelries, gamit, etc. but losing a house is one for the majors.

i hope ma-salvage pa ng TS yung property nila.

**edilat** · January 31st, 2010 02:18 PM

*n2knee - sa pinas sir

*frenchtower - nakatulong po tlga maraming salamat

*xoom - i hope and praying na di makuha sa amin.

i think gawin ko yung payo ni frenchtower, need to beg to bank's legal department kahit ma extend pa ng kaunting time. we have no choice but settle yung kulang at mga interest na naccumulate coz UTANG is UTANG we hope na sana mabenta na din agad yung house B para mairaos ang house A. but one thing is sure sa nangyari na to, me and my family learned our lesson VERY WELL.

guys salamat sa lahat ng mga advice and still if you have anything pa po na pwede i-advice post nyo lang po.

**tigkal** · January 31st, 2010 04:22 PM

Originally Posted by edilat

sir, does it mean na pag bumaba na ang foreclosure order eh paalisin na kami sa bahay?or after lumabas ng FC,dun papasok ang one year redemption period?tama po ba pagkakaintindi ko?

salamat

Pag lumabas and foreclosure, doon mag start ang one year redemption period. Hindi pa kayo paalisin sa bahay kasi technically, kayo pa rin ang may ari. After one year, and hindi nyo ma redeem, paalisin na kayo if the new owner will demand it.Or you can pay rent to the new owners.

**edilat** · January 31st, 2010 04:46 PM

*tigkal - so meaning sir pag lumabas yung foreclosure order wala pa tong kasamang sheriff . makakatulong ang mga sinabi mo para mag "re-group" kaming family kasi talagang para kaming army na nawalan ng camp kailangan lang po talaga namin ang redemption period kasi inaantay nanamin mabenta yung house B

thank you sa lahat ng mga suggestions comennts etc. and still mga paps inputs and infos are still welcome