2006-07-08 20:31:07 · 6 answers · asked by gdmess2004 2 in Home & Garden ➔ Other - Home & Garden
It's really hard to get out of this situation without some damage, but you can mitigate it somewhat. Talk to a realtor and see if they can move your house quickly. Sometimes they can move the house really quickly by selling it somewhat under market, or by offering a high commission to the buyer's agent. At least you get out from under the house payment, and hopefully walk away with a little money.
If you have no equity, your only real option is to arrange a short sale with your lender. It's a pain in the rear end, but it's better than bankruptcy.
If you choose to sell the home, make sure that your real estate agent talks to your lender. That will sometimes keep them at bay as well. Bottom line, talk to a real estate professional. That's what they get paid to do.
2006-07-08 20:39:46 · answer #1 · answered by Dave1001 3 · 0⤊ 0⤋
I could be COMPLETELY wrong about this, but I have always been under the impression that once the wheels are set in motion for foreclosure, you're done. I don' t even know if filing for bankruptcy would even help. They feel they've done everything they can to retrieve what they feel is due to them and so now they want their asset back. Whether that's true or not is not something I intend to debate. I'm just saying that, to my knowledge, you are already past the point of no return. I'm sorry.
Good luck.
2006-07-08 20:42:54 · answer #2 · answered by A Designer 4 · 0⤊ 0⤋
Do the fast sale if achievable. sidestep foreclosure in any respect costs. With a short sale you're released from extra criminal responsibility; if the living house is bought at foreclosure public sale he ought to correctly be sued for the stability (between the quantity of the loan and what the living house delivered at public sale).
2016-11-06 02:10:44 · answer #3 · answered by ? 4 · 0⤊ 0⤋
my mom was for closed on.took a couple auctions.3 times later.afterwords.she got a letter saying we have money for you.courts sold it for 13;000 more,so she had money coming to her,so if you do get one check your self.she paid 4000 to get the money. call department of social services.ask about loans that you have to repay in small amounts.is it tax's or bank. you can go bid.and tell people a sad story.who are also bidding,good luck.
2006-07-15 18:21:44 · answer #4 · answered by tysgrandma99 4 · 0⤊ 0⤋
Go to http://www.msfraud.org and READ EVERYTHING there.
There are ways to save your home besides filing BK.
2006-07-08 20:56:16 · answer #5 · answered by bunglbeez 2 · 0⤊ 0⤋
if you cant pay the money then nope sorry nothing you can do
2006-07-08 21:02:27 · answer #6 · answered by jojo 6 · 0⤊ 0⤋