Unfortunately, Yahoo mail is once again acting up and I can't seem to compose a bloody thing. You mentioned that your sister is going to sale on 8/14, is behind 1 yr., & wants bankruptcy. OK. 1) Bad deal on the latter. Advise her to visit a REIA grp. in her area. There will be investors there to help sell her house QUICK, get a little cash (if they're honest - best way to tell is that they don't take much more than 10% admin fee for what they sell it for), and will keep her credit from getting much worse. If she has no equity in her home, it may be difficult to find even an investor to touch it. Talk to these people & convince them to short sale - contact bank (will require written permission w/ possible notary - go to bank for possibly free notary) after taking pics of prop. showing work needed, etc. If investor knows stuff, will pull this off by 14th. I don't know the state you're in, but some have redemption period. If so, scare bank w/bankruptcy threat - BUT NOT DO.
2006-08-04 12:58:16 · 1 answers · asked by fragglerockqueen 5 in Business & Finance ➔ Renting & Real Estate
Sorry to anyone who was looking to answer a question, but this is my business & Y! mail is acting up...
Toi Toi... if you need further help email fragglerockqueen@aol.com as that mail is actually working as designed. I hope I answered your questions. If not, contact me & I hope all goes well for your sis. She waited a bit late to take action but a good RE investor can still save her from bankruptcy - or worse - ending up on the streets, the locks changed, and her stuff sitting out on the sidewalk for people to pick through. Just don't fall for the "I'll give you $500 to walk away" sorts. She should be able to walk away w/enough to get on her feet w/a fair investor. If she has equity, it will move faster. If not, look to negotiate w/the bank as mentioned earlier & by all means, contact me if you need further help.
2006-08-04 13:02:35 · update #1
Toi Toi
clever name
2006-08-07 17:44:43 · answer #1 · answered by Olivia 4 · 0⤊ 0⤋