Should i just let it go and let them get it or i dont know if i can sell it still owe alot a money on it and its only in good condition with lots of work to do on it
2007-08-06 15:40:28 · 8 answers · asked by chumpa 1 in Business & Finance ➔ Renting & Real Estate
Try to sell it before you let it go to foreclosure. Foreclosure will ruin your credit for a very long time. Talk to a local Realtor about the CMV (comparable market value) and if you can't sell for what you owe, look for a real estate investor to take it off your hands.
Good luck.
2007-08-06 15:50:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you let it go, you will ruin your credit and I think you will still owe the difference of what they can sell your house for and how much you owe plus the bank will charge you all kinds of expensive fees. The bank will not take a loss because your house is in disrepair. You may do better to try to sell it on your own and get the most you can. You should try to fix it up and make it look as good as possible. Have you thought about getting a roommate? I used to date a man that had this tremendous house and then got divorced. He got two roommates and they had a great time together and he lost nothing. Of course, then there are those nightmare stories about roommates. . .
2007-08-06 15:53:14 · answer #2 · answered by towanda 7 · 0⤊ 0⤋
The first thing you should do is call your mortgage company and tell them the situation. It is much easier to deal with problems like this *before* you get too far behind. Be honest about what you can pay and see if they can work something out with you.
There are also programs through your state, county or city to help people who are in trouble with their house payments. They would rather the homes be lived in and these programs are designed to keep you in your house. Again, you should start talking to them sooner rather than later. I would Google "trouble paying mortgage help (your state/county/city). " Start there. Be wary of sites that don't end with .gov or .org.
You can sell you house if you still owe money on it, but be careful of companies trying to take advantage of your situation and leave you owing money on a house you no longer own.
Keep your head up and good luck to you!
2007-08-06 15:51:47 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Sell it. Get a really good realtor.
Odds are that the realtor commission will be about what three or four months of payments cost. It takes longer to sell without a realtor, and time is what you don't have.
2007-08-06 16:29:46 · answer #4 · answered by open4one 7 · 0⤊ 0⤋
Have you considered getting a roomate or two to get your costs down until you can figure it out? You could also try to get a second job to pay the bills until you sell.
2007-08-06 15:53:49 · answer #5 · answered by paperchick2000 3 · 0⤊ 0⤋
you ought to not choose to take heed to this yet why get married understanding that your husband could be the only one working? Marriage can not be in simple terms approximately loving one yet another, it has to have a sensible and logical and communicative area besides or it won't artwork. i'm a med pupil and that i admire my bf plenty yet we made the determination to not marry through fact financially we weren't waiting. a funds is sizable yet maximum persons can not persist with a suited funds through fact stuff happens - in simple terms a p.c.. of gum throws the funds off? although, you're married and a few sacrifices will could be made - do you extremely want a motor vehicle? are you able to get a deferment on your very own loan? i don't could pay back my pupil loans till I graduate; and that i've got credit enjoying cards that permit me to "freeze" my money if i'm having a complication - or he can circulate your bills onto a 0% pastime card, which will decrease the money for quite than giving up and feeling suicidal (that's somewhat undesirable for somebody who ought to be a nurse - you're assume to help people)! think of of a few information on the thank you to help your husband - and your self. in case you may get a journey to college or use public transportation - then the motor vehicle could bypass - you hand the debt of the non-public loan earlier you married and that i honestly think of that's unfair that your husband has to pay - you created this occasion do not in simple terms push it off on him or provide up on your self. My college additionally has social workers that help pupils with difficulty selection - use your intelligence and don't be afraid to realize out for help. reliable success. i can relate on your not being waiting to artwork through fact my schedule is in simple terms approximately like yours yet I do artwork 20 hours for my dad (a doctor) and this provides me adequate money to pay my motor vehicle observe. My dad has the motor vehicle under his coverage - can your father and mom or your husband father and mom try this? - people over age 50+ pay inexpensive coverage.
2016-10-09 09:19:08 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Just as an option have you ever thought of chapter 13 bankruptcy.It worked for me and it's not as bad as it sounds
2007-08-09 02:27:27 · answer #7 · answered by steven b 1 · 0⤊ 0⤋
Sell it, "as is". Having a foreclosure on your record is bad news. Use zillow.com to find out what it is worth.
2007-08-06 16:00:17 · answer #8 · answered by Anonymous · 0⤊ 0⤋