I live in New Mexico and my house is in foreclosure. Is a short sale a good option?
My house is currently in foreclosure. Ive talked to the lenders Countrywide and they suggested I do a short sale. They said to try to sell it at a price comparable to what other houses in the neighborhood sell for. They said if it doesnt sell for that then keep lowering the price. If that happens am I going to have to pay the remainder on it? Would it just be better to let it stay on foreclosure?
What’s the difference between a foreclosure & a short sale?
My sister & her husband have finally decided they cannot afford their house. The mortgage company is giving them 45 days to come up with a lot of money or they will begin foreclosure.
A friend of ours mentioned selling the house in a “short sale” but none of us have ever heard of this. What is a “short sale” and how is it different than a foreclosure?
Does that mean you come out OWING money at closing when you sell or does it mean you need to sell ASAP?
So are they viewed differently on their credit or are they still viewed as defaulting on their home loan?
delinquent with mortgage about to go into foreclosure. trying a short sale, what happens if home does not sell?
Section 8..can a person get it when they own a home? Im heading towards foreclosure or a short sale…but I am?
I am current on my mortgage..never had a late pmt. but my funds are running out..just got a new job but the money is not what i expected…I might short sell and become a renter..or rent my condo out…but the Govt gives out sect 8 money to renters…do they give it to home owners?
Is a short sale legit for a third party going to the bank with a house that is going into foreclosure?
I was wondering if a 3rd party can really go to the bank with no credit check etc. and pay a low amount for cash on a property that is in or going into foreclosure. My landlord is letting the house go that route, and I wanted to know is it legal for a middle person to negotiate to get the house in a short sale and then sell it to me?
Is a short sale legit for a third party going to the bank with a house that is going into foreclosure?
I was wondering if a 3rd party can really go to the bank with no credit check etc. and pay a low amount for cash on a property that is in or going into foreclosure. My landlord is letting the house go that route, and I wanted to know is it legal for a middle person to negotiate to get the house in a short sale and then sell it to me?
What is better a foreclosure or a short sale?
My friend purchased a home for her brother he stopped making payments, and now she is in the process of selling via short sale is this bad on her credit? He stopped making payment 6 months ago. All her credit cards are paid on time her auto loans are current she has no bad credit history except for the lates on the house! Is she doomed?????? Please help with your advice!!!!
Markmywords- this questio is for you what type of statement should she put on the reports?
What is better a foreclosure or a short sale?
My friend purchased a home for her brother he stopped making payments, and now she is in the process of selling via short sale is this bad on her credit? He stopped making payment 6 months ago. All her credit cards are paid on time her auto loans are current she has no bad credit history except for the lates on the house! Is she doomed?????? Please help with your advice!!!!
Markmywords- this questio is for you what type of statement should she put on the reports?
House going from short sale to foreclosure?
Lets say a house is trying to be sold short sale and after a while the bank says enough is enough and they put it in foreclosure. Do they usually keep the price the same when they move it to foreclosure or do they change it?
I can’t sell or refinance my rental property. Short sale, foreclosure or bankruptcy. Which is best to do?
The reason I can’t sell or refinance is that I owe more than what it’s valued at. I also have a condo as my principal residence. Can I lose my condo by doing any of the above mention processes? Which process will leave me with the least amount of liability?
