I'm still very much in the early stages of REI and trying to put in place scalable systems to manage this as it grows.

In such a case, any amount remaining once all debts and costs have been satisfied shall be returned to the mortgagor.Conversely, when the mortgagor has little to no equity in the property - particularly where the equity is less than the sum of all amounts owed, the court may shorten the redemption period and, at least in our experience on this end of the Country, enable the lender to take possession and sell the property at a price between what is owed and FMV.2a) When you reach the stage where the lender has filed a Statement of Claim, the note extended to the mortgagor has been accelerated and is due in full (principal, all accrued interest and any costs or penalties).   2b) During the redemption period the mortgagor has the right to redeem (buy back) the property.  

Also stage the home for potential renters just like you would a buyer:)   They think Almost the same way!    

I was planning to redo the floors, but the staging was already there and it would've been more money down the drain.I knew the kitchen spray down and fixover was going to be in that price range (It really was that good!)

However, before entering into such an arrangement, the borrower should carefully consider all the risks, the chief being when the old house is likely to be sold.

The perfect place for good info and people to help you.Best of luck on this new stage of your life!

Jon,We got all the way up to the appraisal stage, however we didn't move forward thereafter.

Hi,I've seen a number of discussions about staging but am trying to get some input on a reasonable cost to expect.  

This will be my second auction that I will be attending, so I am still in the observing/learning stage, but would be interested in meeting other BP members to network and learn a tip or two at these auctions.  

4) At what stage of the foreclosure process is it in?