Questions in "Foreclosure"
February 2, 2010, 3:48 am
I bought a house five years ago and I can't afford to fix it and I owe more than the house is worth. I don't want to get a home improvement loan because I know I won't be able to make the payments. This house is killing me financialy.And I have not missed a payment since I bought the house,and selling the house will take to long and I need to get out of this house ASAP, this house is very unhealthy.
HERE'S MY QUESTION: Is foreclosing my house the only option or is there a better way...
December 17, 2009, 3:38 pm
I'm in the middle of a loan modification but not completed. Now, I have changed my mind and don't want to keep the house and will let it go into forclosure.I am retired with social security and PERS retirement. I need to know if the mortgage co. can come after me for money later...
November 23, 2009, 11:03 am
I am in massachusetts and possibly facing foreclosure. I am trying to get a modification on my mortgage. They say I qualify then say I don't. I keep receiving solicitations in mail for modification services but the mortgage company they have named is in correct.
In 2003 I refinanced w/ Option One mortgage. In 2006 I refinanced with New Century Mortgage corp. They went under in 2007 and transferred my mortgage to Select Portfolio Servicing for Dlj Mortgage Corp (A wall street investment). I just
August 25, 2009, 1:23 pm
I have a house in AZ and I live in TX. i can't make the payments anymore. Is foreclosure a public record? what are the consequences?
Thank...
June 26, 2009, 3:59 pm
We found a foreclosed home that was already bank owned and listed through a local realtor...We were shown the home and a few days later made an offer on it...the seller was given 2 days to accept or counter...when they did counter on the 4th day, they had raised the price of the home from 99,900 to 114,000...the seller told us that they were waiting on the final bid to come in on the repairs to the home, and that is why it took so long to get back with us...the seller had stated in the listing...
June 13, 2009, 5:29 pm
If my second home is foreclosed will i lose my primary residence too? My tenants aren't working out and their rent has been covering the mortgage on that property. I have no problem at all paying the mortgage on the house I reside in but I can't afford to cover...
April 22, 2009, 2:33 pm
My husband and I were victims of a real estate scam.In exchange for the use of our credit to purchase homes in our names, we were given cash and promises that our credit would be made better as a result and the homes would be sold after a year. This didn't happen, of course. The scammers, in cahoots with the mortgage lenders, bankers, etc., managed to get us approved for homes we never occupied, nor could afford. All went into forclosure. There were a total of about 8 homes. This happened in...
March 20, 2009, 6:48 pm
We own 2 homes, 1 in Ca. & 1 in Tn. We are retired and spend 6 months at each home a year. However, we owe $220,000. on the home in Ca. and the appraisal and home sales in the area are only $165,000. We really can't offord both.
Other than the bad credit scores, is there any reason I shouldn't let the home in Ca. go into foreclosure???
Sharon...
February 26, 2009, 9:09 pm
Hello,
We purchased a home approx. 2 and 1/2 years ago my husband and I want to let the property go into forclosure because we can hardly afford to keep it and the rental income from it is not covering the entire mortgage (we are still having to pay $1100/month). Currently we rent a home at a boarding facility and we are the onsite managers. The problem is that we purchased the home with a co-owner who is on both the title and the loan. We no longer get a long with the co owner for...
