Facing Foreclosure
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Foreclosure
Asked by S.J. from Tampa
on July 28, 2008
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my best friend's house is on foreclosure. can anyone tell me what she could do. she made a partial payment on what she owed and the bank did not accept the money. what...
Answers
- Hello Sara, Your friend does have options, I have recently been able to save my own home from foreclosure. It would take me a long time to type out all of the option...
- I'm sorry to hear your best friend is having these difficulties. Unfortunately, this is a very common problem in this stressful economic time. She needs to communica...
- Sarah, Has she spoken with the bank. If so when. It is best to talk to them long before there is a problem. Sometimes fees can be negogitated. Has she spoken wi...
Foreclosure
Asked by A.H. from Detroit
on January 4, 2009
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Could anyone who has gone through foreclosure tell me what it was like. Looks like were going to loose our house, despite all we've tried.
I've gotten a few very nas...
Answers
- Well I myself havn't gone through a foreclosure, but I now quite a few people who have and here is what they've told me. you stop making your payments and after 3 mon...
- http://www.expertvillage.com/video/39116_foreclosure-process-what-happens.htm Hi there sorry about your situation but your not alone LOTS of people in michigan are ...
- I am sorry to hear of your situation. I did mortgages and we were able to finance people who had gone through a foreclosure faster when they did a deed in lieu of for...
Foreclosure
Asked by S.P. from Birmingham
on July 28, 2011
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We are current on both 1st and 2nd mortgage payments but starting soon the 2nd mortgage payment triples. It is going to be very difficult to pay it and we may be forc...
Answers
- No one tried to collect from me. I would suggest that you try to get some help from the many programs that are on the back of your mortgage statement. I think one of...
- Yes, they absolutely will collect the difference between what they were able to recoup from the sale of the home and the balance of the note. That is a standard pract...
- Please check into the new programs available for home refinance, short sale, and foreclosure. The laws recently changed so people's experiences several years ago are n...
Foreclosure
Asked by E.B. from Miami
on June 4, 2010
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This might be a bit personal to ask on here.... but what the heck I need "outside the box" opinion.
Should we walk away or should we fight it. We got our foreclosure...
Answers
- E.: My advice may be harsh but I am going to talk to you like I would a friend who needs a reality check. Is your family worth fighting for? It sounds like you...
- If you do choose to stay there is a program right now called making home affordable that would take your current loan and modify it to a lower payment. Here is the web...
- I have to be harsh right now. I read some of your other questions. It sounds like you had the money, but just chose to spend it on other things. I went through ban...
Foreclosure
Asked by A.G. from Detroit
on February 8, 2009
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Hi Moms! My husband was laid off almost 2 weeks ago. I am currently doing a full time internship and am not receiving any type of income. So essentially, we have no mo...
Answers
- Is the house in both your names? Do you pay PMI?
- Another option is a short sale. Look into that...It isn't as bad on credit and mortgage companies would prefer this route rather than a foreclosure. It is a little h...
- Talk to a realtor about a short sale. I'm going through it right now. I'm going through a divorce and neither one of us can afford to keep the house. We owe $114000...
401K & Foreclosure
Asked by K.M. from Milwaukee
on August 8, 2007
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My husband and I are having a lot of financial struggles... since I started working first shift, and we've begun paying for childcare, we haven't been able to afford o...
Answers
- I'm so sorry for what you are going through. Unfortunately I don't have any good answers for you?! I would suggest talking to a lawyer...but that would cost money to...
- I think that if you took the money out of your 401k for the house then you need to use it for that. If you took it out as a general loan then you can use it however y...
- I guess I'm confused as to why you are working a job that is costing you the possible loss of your home? When my child was born, I had been working a job, but when we ...
Foreclosure Question
Asked by H.H. from Detroit
on June 28, 2007
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My husband and I are considering putting up our home for sale in hopes of buying a foreclosed home in an area where we would stay for a long time. Does anyone know if ...
Answers
- Hello H., I have been looking at homes for the last few months. I have put in an offer on a foreclosed home and it is different than buying a house regularly. The...
- Hi H., I am a real estate broker, and yes foreclosures are a little different than a regular sale becuase of the bank owning the property. If you want to send me a ...
- Hello H. I have just place to ask that question check out this wedsite .. C. http://buildlastingsuccessteam.com/direct.php?id=B###-###-####&password=corn8
Foreclosure
Asked by M.O. from Detroit
on November 25, 2009
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My husband and I need to foreclose. We dont qualify for a loan mod and our bank is not working with us to short sale our house. we can no longer afford it either bec...
Answers
- You might want to consider talking to a Bankruptcy Lawyer the first visit is free and they can help you decide what action is best for you. I know a lot of people that...
- Get a banruptcy lawyer, my husband did this (married before) and he was told that if you just foreclose on your own, then the bank etc., can garnish your wages, and ta...
- Hi M.. Have you and your husband ever considered getting assistance from an outside mortgage modication company?
Foreclosure
Asked by J.M. from Pittsburgh
on June 29, 2009
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My house is in my grams name and she recently passed. If we let the house forclose, can the mortgage company come after my dad for the money since he is excutive of t...
Answers
- J. , J. , my dear ; never let the bank take property .. Ever, never .never ever ......you will spend a lifetime fix'n your world ...... Fight for the roof over...
- the mortgage is in whose name? why not paying the mortgage off unless no money
- Hi J., First, let me offer you my sympathy on the loss of your grandmother. Second, the role of the executor is to wrap up all of your grandmother's affairs. That...
Short Sale vs Foreclosure
Asked by C.B. from Providence
on July 7, 2009
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I recently requested a short sale to the bank tgaty loan has defaulted. The idea was to attempt to not have a foreclosure on my credit. I just got a form saying that i...
Answers
- Hi C., I am a Realtor in Maine, if you are successful in getting a shortsale offer, yes you are responsible for the difference. If you can not pay it (and usually peop...
- C., I work as a real estate paralegal... and NO you do not have to pay the difference on a short sale. What happens is you place the house on the market and the bank ...
- HI C., Listen to Kelly!!! and here is a website to learn more of what you are about to do... good luck! http://homebuying.about.com/od/shortsale/Short_Sale.htm ...
