2006-07-30 13:25:29 · 3 answers · asked by Anonymous in Home & Garden ➔ Other - Home & Garden
The last thing a mortgage company wants to do is foreclose on your house. They will exhaust all reasonable options before they do this. Make sure your attorney has some familiarity with real estate/foreclosure law (many specialize these days and are not familiar with all facets of the law), and follow his/her advice.
Good luck with your situation.
2006-08-02 03:06:07 · answer #1 · answered by exbuilder 7 · 9⤊ 0⤋
I've been a real estate agent for 15 years, here are some tips:
You should find out if you can sell the house for more than you owe on it. Also ask the bank if they'll take a deed in lieu of forclosure.
The banks really don't like forclosing on houses, they'd rather work something out with you.
Usually if you can put it under contract to sell they will not forclose.
Try to work something out. If you just do nothing the bnk will figure that you don't care and they'll go ahead and forclose.
2006-07-30 20:59:49 · answer #2 · answered by ENI 2 · 0⤊ 0⤋
The best one would be "What do you think can be done to prevent or delay this?" If they say "nothing", then it's time to get your stuff out. Sorry this is happening to you. I wish it didn't.
2006-07-30 20:37:03 · answer #3 · answered by Tahini Classic 7 · 0⤊ 0⤋