2006-07-13 08:05:42 · 9 answers · asked by soscaredame 1 in Business & Finance ➔ Renting & Real Estate
Pay the bank the money you owe.
2006-07-13 08:08:35 · answer #1 · answered by kcracer1 5 · 0⤊ 0⤋
If you can get your hands on the money you can pay for it at the foreclosure sale and "cure the debt." You should see an attorney. Most will give you a free consultation. Bankruptcy might be a good option because of the homestead exemption. As several others has said it really depends on the state your house is in. If you don't know an attorney call the state bar association and ask for referral to a bankruptcy lawyer.
2006-07-13 11:09:32 · answer #2 · answered by C B 6 · 0⤊ 0⤋
Depends on which state you're in. There's different laws.
If you mean it has already been sold at auction, in some states there is a redemption period where you can still "redeem" yourself and pay off the past due amount.
If you just got a notice, and the house hasn't been sold at auction yet, there are several options: you might be able to get a loan modification, a forebearance, or refinance. I can help you figure out your options if you'd like. Email me at robert495713@yahoo.com. I am not a lawyer so do not take my statements as legal advice.
2006-07-13 08:15:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
This probably varies depending upon the state you live in but here goes: You can make up the late payments up owed until the day the lawyers, whoever, is going to sell your house at auction. If you can raise the money, it'll come out of foreclosure. It usually has to be one lump sum payment in form of a cashiers check or wired to an account. Call whoever is handling the foreclosure and ask them what the total amount is to get the house out of foreclosure. Get it in writing as well. Look for mortgage companies that specialize in helping customers such as yourself. Good Luck!!!
2006-07-13 08:11:44 · answer #4 · answered by Shelly C 2 · 0⤊ 0⤋
Not to be flip, but call a lawyer.
There might be some things you can work out with your creditors, or you might be able to equitably redeem your house, depending on the law of the state in which you live.
But at this point you're pretty limited in your options, and you're going to want to have a lawyer tell you exactly what those options are before you lose them.
2006-07-13 08:13:22 · answer #5 · answered by JoeSchmoe06 4 · 0⤊ 0⤋
THIS DEPENDS ON THE STATE THE HOME IS IN!!!
Here in SC, you have a redemption period to buy your home back. If you can come up with the remaining balance of the mortgage, plus any fees/expenses acrued by your mortgage company, then you can buy it back.
2006-07-13 08:26:00 · answer #6 · answered by thetoothfairyiscreepy 4 · 0⤊ 0⤋
You have to pay all the money you owe with interest. Otherwise, you will lose it no matter what. Good luck!
2006-07-13 08:09:22 · answer #7 · answered by Wookie on Water 4 · 0⤊ 0⤋
file bankruptcy
2006-07-13 08:10:19 · answer #8 · answered by Scarlett 3 · 0⤊ 0⤋
if it has been foreclosed...well its not your house anymore..sorry
2006-07-13 08:09:17 · answer #9 · answered by Anonymous · 0⤊ 0⤋