i been paying every month but i wont be able to any more payment on the house. what shoul i do? im not running behide.i been paying everymonth. should i let it foreclose?i been trying to sell it but it doesnt seem easy. what shoul i do?
please help me
2007-12-09 16:02:24 · 9 answers · asked by sherry 1 in Business & Finance ➔ Renting & Real Estate
im not interested in keeping ths house. my husband lost his job. im pregnant and will be out of work soon. we cant keep making this payment anymore. we just wanna get rid of it
please help
2007-12-09 17:31:32 · update #1
file for bankruptsey a friend of mine done it and still kept her house.
2007-12-09 16:10:59 · answer #1 · answered by doc_holliday1863 7 · 0⤊ 0⤋
I guess you have been in the house a short time. It seems to be in Arizona and there is a domestic dispute posted as well. So file with your court to hold the mortgage company off until you can sell it. If there is not a mortgage and you have an agreement to purchase like rent then break it and move on. If you want to sell tell what it is and how much the price is. Use goggle earth to give us the longitude and latitude for an aerial view. If you want, send me the email.
2007-12-09 19:08:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Why cant you pay your payment? Is it because its adjustable? If your payment hasnt reset and has been paid on time, the government has been working out a deal with lenders that will freeze your rate for 5 years.
If it has already reset and its hirer, check out FHA Secure. They will take you to a fixed rate regardless of credit if it was good when it started.
Dont trust anybody trying to get business on the internet. Call a local broker, actually call 10 of them. Need to know who is approved for FHA in your area send im an email I will send you a list or you can look it up on www.fha.gov.
Good Luck
2007-12-09 17:24:51 · answer #3 · answered by financing_loans 6 · 0⤊ 0⤋
they ought to touch their lender in the past stepping into default on their charge, if no longer too previous due. they ought to describe their complicated deliver. it style of feels that creditors good now have found out they seem to be a huge component of the difficulty. they're bending over backwards to make issues artwork. that would desire to nevertheless mean your buddy loses her residing house, yet she might desire to no longer be tagged with a deficiency judgement while some years in the past a judgement on her credit may well be a actuality. The lender may additionally ask for a Deed in Lieu or a Forbearance contract. To functional words to throw out that would desire to maintain the foreclosure theory away.
2016-10-01 06:45:57 · answer #4 · answered by edgmon 4 · 0⤊ 0⤋
If the reason you can't afford more is your rate is about to go up, hang on-federal help is on the way to prevent your rate from going up.
If there is another reason, call your lender right away and work something out with them that will damage you the least.
Good luck to you.
2007-12-09 16:16:19 · answer #5 · answered by gingerdaisy43 3 · 0⤊ 0⤋
try to sell even if it is for the balance of the mortgage .
try to rent it out
call the bank ask what are your options
do you have mortgage insurance where you lose your job or become disabled insurance than kicks in to pay?
2007-12-09 16:36:31 · answer #6 · answered by bill10212000 1 · 0⤊ 0⤋
drop the price.. get it gone. Especially if their is equity to be saved. You don't want a foreclosure on your hands, physically or mentally... and I'd only use banruptcy as a LAST resort.
2007-12-09 21:08:05 · answer #7 · answered by JDW 2 · 0⤊ 0⤋
drop price and sell it as best as you can. consider filing bankruptcy ch 7.
2007-12-09 16:11:35 · answer #8 · answered by just hanging around 5 · 0⤊ 0⤋
rent it out
2007-12-09 17:02:49 · answer #9 · answered by GG 7 · 0⤊ 0⤋