I want to just get rid of it and want to just let the bank have it, but they keep telling me that I have to sell. The thing is that I sell that #%$&^ House what am I to do?????
2007-05-16 05:56:34 · 4 answers · asked by edwardcoy@sbcglobal.net 1 in Business & Finance ➔ Renting & Real Estate
The bank is offering you to sell the house on a short sale. You should thank them and attempt to sell the house.
You are probably frustrated also, this is normal, but you have to take care of your personal business.
Call the bank and see if you can give the property back to the bank with a deed-in-lieu of foreclosure. Normally if you just want to get rid of the property they will accept this.
I am sure there are ads you see in the newspaper or around your city that says we buy property, call one of these individual and make a seal with them. They are professionals and will know what is available for you and your situation.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-05-16 06:48:06 · answer #1 · answered by loanmasterone 7 · 0⤊ 0⤋
That doesn't sound right to me. My fiance and I bought a house that was repossessed by a bank. I don't know all the circumstances behind the repossession. All that we were told was that the previous owner did not pay his mortgage payments.
2007-05-16 13:07:06 · answer #2 · answered by Chelli B 1 · 0⤊ 0⤋
There are plenty of companies that will buy your house at a price that is probably much less than its worth but at least they will take it off your hands so you can pay the bank.
Webuyhouses.com
2007-05-16 13:06:03 · answer #3 · answered by answers28 2 · 0⤊ 0⤋
Well you don't HAVE to sell. You can just stop paying and move out. No-ones going to throw you in jail. But your credit will be shot.
2007-05-16 13:00:46 · answer #4 · answered by Kristine R 4 · 0⤊ 0⤋