2007-11-11 08:40:35 · 4 answers · asked by sdaws816 2 in Business & Finance ➔ Renting & Real Estate
You could rent it out for enough to cover any of the mortgage payment that you can't afford to maintain while you are incarcerated.
2007-11-11 09:43:14 · answer #1 · answered by Califrich 6 · 0⤊ 0⤋
hope like hell someone is able to keep up the payments.. if you are going to be gone for a while, maybe you can offer a good deal on rent.. a long term contract.. ad might read.. long term contract.. looking for someone to rent my place for 3-5 years.. send inquiries to Inmate #445, etc etc etc... if you need more info, i can make collect calls..
OK, so, I am being mildly juvenile today, but you get the point.. find a way to make the house work for you while you are gone, and find someone you TRUST to handle it and the money and making the payments, or you will have a foreclosure (assuming the house is financed) and no house when you get back.
2007-11-11 19:09:10 · answer #2 · answered by Rafael P 4 · 0⤊ 0⤋
If you are incarcerated and unable to make payments on your house, the lender will foreclose the property Lenders are not concerned WHY you are unable to make the payments. They expect their mortgage contracts to be honored as agreed. Any owner who does not honor the contract thusly will face foreclosure.
2007-11-11 17:30:58 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
Find a way to continue making the payments.
2007-11-11 17:02:49 · answer #4 · answered by Judy 7 · 0⤊ 0⤋