I don't like to go into forclosure or file bankruptcy. I want to know if there is another way out without affecting my credit.
2007-10-29 09:30:10 · 6 answers · asked by curios george 1 in Business & Finance ➔ Renting & Real Estate
Contact your lender(s) to see what your options are.
Consider selling your homes, and/or proposing a short sale to your lender(s).
2007-10-29 09:33:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Try to avoid going into bankruptcy at all costs it stays on your credit report for life. i would try to sell the homes as a first option if you can not get a buyer try refinancing. Best of luck.
2007-10-29 09:35:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If at all possible, reduce your pricing and sell them, even if you walk away with no equity or a loss. Its better than foreclosure and every month you hang onto them is more money out the door.
2007-10-29 11:39:50 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You could consider selling a Land Contract or AITD to someone. There are risks, however. You would need someone to help you in minimizing those risks.
2007-10-29 10:05:20 · answer #4 · answered by Mark M 3 · 0⤊ 0⤋
Greed is what fueled the market and is now what is causing people to lose their homes. Welcome to the bursting of the housing bubble, hope you are prepared for the results.
2007-10-30 12:04:54 · answer #5 · answered by Pengy 7 · 0⤊ 0⤋
If you cant afford them, you may wan to try and sell quickly. Price them to sell.
2007-10-29 12:18:56 · answer #6 · answered by frankie b 5 · 0⤊ 0⤋