deed lieu of foreclosure
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Deed in Lieu of Foreclosure
Asked by G.S. from New York
on May 15, 2011
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Tomorrow I have to make a phone call to our attorney advising him that we want to surrounder our home to the mortgage company. I realize that we aren't the only ones,...
Answers
- G., I just took some information from my church yesterday where they have a program to help you out with this. When I get home today I will get you the name of the p...
- We attempted to do a deed in lieu of foreclosure. Similar to you, we attempted a mortgage modification with no luck. The problem we ran into was that the bank wanted m...
- stay in your house as long as you can. the foreclosure process takes anywhere from 12 to 18 months. They can not evict you until the process is done. it is not smar...
Foreclouser, Deed in Lieu Of, & Short Sale
Asked by K.G. from Fort Wayne
on October 7, 2010
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ok need some advise, I spoke to our financial guy but he seemed unsure on the tax implications for each. we are aware of the credit hits and are not concerned that wil...
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- Is your financial guy a professional financial guy? These are questions to ask a CPA. I happen to be married to one, but he says he can't really give professiona...
- My husband and me did a shortsale on our home in 2007. We proved hardship with all the forms, proof of income...savings, bills etc. We had to go through an inspection ...
- No advice offered here...but I'm proud of you for following Ramsey's advice! That credit score doesn't matter, does it? I pray that you've received an answer tha...
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...
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- 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...
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...
Has Anyone Gone Through a Shortsale or Foreclosure?
Asked by J.K. from Seattle
on November 28, 2009
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I'm looking for advice and/or information on going thru a shortsale or foreclosure. My husband and I moved out of our condo a year ago and into a home. We both had g...
Answers
- Contact Consumer Credit Counselling in your area. Make an appoinment they maybe able to help you. They have helped people work with the banks and their mortgages. Its ...
- Go to your bank. My neighbor is a realtor and he told me there is so much information that people do not know about when it comes to foreclosure. I just can't rememb...
- I don't know if our sale would be called a short sale but we sold the house for less than we owed. We then had to pay our lender the difference at the time of closing...
Our Landlord Is in foreclosure..need Advice!
Asked by T.J. from Seattle
on June 22, 2009
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So after our landlord first tried to sell our rental house, we received notice that he is in foreclosure! The house will be sold on 9/11/2009 if he does not "catch up"...
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- Hello TJ, stay calm, contact your state office, ask for then research the landlord tenant act in your state. there should be laws on the books that protect landlord...
- I am somewhat new to this state, but my advice it to check the renter's hotline to see legally what can be done. You have rights too. My guess it is an office in Sea...
- You can get free 1/2 hour legal advice from Washington lawyers. Contact the Wa State Bar to find one close to you. They will tell you your options. You can also go to ...
Short Sale or Foreclosure...PLEASE HELP!!!
Asked by J.S. from Chicago
on January 6, 2011
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So, my husband and I have gone thru some extremely diffiult times these past 2 years, from losing a job, being denied unemployment, and then a new job which pays liter...
Answers
- We just did a short sale 1 year ago. We did not have to file bankruptcy afterward. You have to make sure you will not owe any money, because some mortgage companies ...
- AWWW HUGS to you-we are in the same boat and I cried and cried and now I am just st things happen and it all works out in the end. PLEASE go see a lawyer they have fre...
- Please spend the extra money and consult an attorney over this issue. My neighbors did a short sale but my college friend walked away. Both looked at their specific ...
Forclose or Not to Forclose?
Asked by J.B. from Fort Wayne
on April 10, 2010
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My husband took a job in another state that's about 2 1/2 hours away about 1 year ago. For the last 1 year we have tired to sell our house with no luck and now we are...
Answers
- Hi Jules, It's a real pain to be separated from Daddy/hubby, isn't it? I read your profile and am guessing your youngest is 3 and a half? though it looks like 32....
- I was in the same dilemna and have been in short sale for over one year. I left the house as I could not afford it any longer. I say call them and try to do Deed in L...
- Okay, you'll think this is an odd one if you're not Catholic, but check out this website on St. Joseph. This is a popular Catholic devotion that has recently regained...
Doing a Short Sale of Your House? Instead of Bankruptcy - Follow up Question
Asked by G.M. from Tampa
on September 12, 2007
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So you may remember my recent posting about bankruptcy. I went to a lawyer and she basically told us to go ahead and do the debt consolidation for our bills, and let t...
Answers
- My hubby runs a company called Foreclosure Assistance Solutions, they save about 60 homes a week for people and get them back on track...email me if you're interested....
- G., I live in Spring Hill and my house got a sink hole. We got the insurance check, but we still owed about 30K on the house. We called several investors out and th...
- I would contact your financial institution about the short sale. Some won't agree to one unless your house has been on the market for 90 days for fair market value and...
Drained ...what Would You Do? VENT
Asked by J.N. from Philadelphia
on July 18, 2011
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OK so my house is still on the market!!!!
which means although I;ve been seperated for 2 years, I still am jumping all around with living arrangements because we need...
Answers
- Given your situation, I assume you have a pending divorce. So, I would avoid ruining my credit at all costs. You need to have money stashed and boost your credit as ...
- if your house isn't selling...rent it....talk to the real estate agent and ensure it's priced to sell.... did you have a home inspection done to find out any defici...
- J., I am sorry to hear about your situation. We put our house up for sale 3 years ago, about 2 weeks before Fannie Mae and Freddie Mac went down. It took 2 years and o...
