i need info for people with this problem.
2007-06-06 13:34:37 · 4 answers · asked by jose z 1 in Business & Finance ➔ Renting & Real Estate
All kinds of stuff.
First off, TALK TO THE LENDER. I can't stress this enough. Lenders may be willing to work something out with you if you discuss it with them. They do not want to be stuck with a lame duck house on their hands.
You can find people who are willing to buy you out, or take over payments. This might be your best choice if you are far gone into foreclosure, but if you've got other options, go with them and use this as a last resort. It's better than having foreclosure screw up your credit, but it sucks to lose the house if you can avoid it.
Consider a loan from family or friends, or, if your credit will support it, get a personal loan from a bank.
Liquidate depreciating assets - sell your car and get a jalopy, if you must.
If all else fails, talk to a foreclosure attorney.
Good luck!
2007-06-06 13:45:50 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Beware of people who are looking for homes about to be foreclosed. They will say they're there to "help" you, but they're really there to screw you.
House flippers! They'll give you a low ball offer, hoping you'll bite, then turn around and sell the house for a much higher price.
Best bet. Contact the lending institution. The last thing they want to do is foreclose.
If you haven't ,or waited too long, then, good luck. you're going to need it.
2007-06-06 21:07:26 · answer #2 · answered by TedEx 7 · 0⤊ 0⤋
National Home Recovery Program for foreclosures http://www.nhrp.com/
2007-06-06 21:35:39 · answer #3 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
My mom is in the process of losing her house, she went online and found several different options....we went with ifs forclosure service....but there are many others.......she also contacted a lawyer...they helped.
Good Luck
2007-06-06 20:42:36 · answer #4 · answered by Reda T 5 · 0⤊ 0⤋