2006-10-31 14:39:38 · 7 answers · asked by kendradiaz 1 in Business & Finance ➔ Renting & Real Estate
I have clients that are facing this and I cannot help them as a mortgage consultant since their credit has suffered. Hoping that I could get some INTELLIGENT FEEDBACK!!!!
2006-10-31 14:56:48 · update #1
They may want to consult an attorney who handles bankruptcy. Your clients would have to file bankruptcy before the foreclosure sale takes place.
They may also want to talk to an attorney who is familiar with RESPA laws, to see if they can modify or strip the mortgage.
http://www.naca.net/db.php3?submit=Search&state=Any+State&levelofexpertise=any&areaofexpertise=Time_Sharing
2006-11-04 09:25:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hello. I am a Licensed Real Estate Agent in the state of Georgia. I have takent he time to take courses on assisting individuals to sale their homes to avoid a foreclosure process, legally, through my intervention with the lender/mortgage company. The clients may be able to do a Short Sale on the property, or it could be Listed with permission obtainted for sale-extension. Oftentimes, lenders are more open to working with a third party, e.g. a Real Estate Agent, to show that there is actively attempts to help them get their money versus them having to foreclose.
I hope this informaiton helps. Let me know if I can be of direct assistance.
2006-10-31 23:04:52 · answer #2 · answered by Dee 1 · 0⤊ 0⤋
Either pay off the mortgage or find someone to buy the house for what you owe.
2006-10-31 22:46:47 · answer #3 · answered by D. Young 2 · 0⤊ 0⤋
get the house sold fast. the lender's attorney will want to see a fully executed sales contract to stop the foreclosure, if its not too late!!! then take the money from the sale and buy a smaller home, one in which, you CAN afford.
2006-11-01 01:56:02 · answer #4 · answered by MIABELLA_C 2 · 0⤊ 0⤋
Call 2 brothers they will by your home
2006-10-31 22:40:50 · answer #5 · answered by totalstressor 4 · 0⤊ 0⤋
Pay your mortgage!
2006-10-31 22:43:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Pay what you owe.
2006-10-31 22:40:45 · answer #7 · answered by Plasmapuppy 7 · 0⤊ 0⤋