If I just walk out of the house, what will happen to my credit report and how to resolve it if the bank sell it for aution?
2006-08-20 06:18:07 · 3 answers · asked by TheOne 4 in Business & Finance ➔ Credit
My advice is avoid foreclosure whenever possible. Homes sold through foreclosure never bring the price that homes sell for on the open market. You are much better off if you can sell the home yourself. That way, you get a better price, can pay off the mortgage and have no foreclosure on your credit.
The process can be scary. I wrote this article a while back to detail the foreclosure process. Good luck!
2006-08-20 06:55:11 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You could try this deed in lieu of foreclosure in the United States-this may be better than just walking out.
Another thing you can try putting your house up for auction.
2006-08-20 07:43:38 · answer #2 · answered by webworm90 4 · 0⤊ 0⤋
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2006-08-20 06:27:49 · answer #3 · answered by Ananth P 3 · 0⤊ 2⤋