I am thinking about short selling or foreclosing on my house. Need advise?
I am getting married this Oct and was wondering if I short sell or foreclose on my house can the mortgage company go after my soon to be wife’s assets. Like her savings account or look at how much her income is. I have an 80-20 loan and live in minnesota. I am the only one on the mortgage. Or because I am the only one on the mortgage they can only look at what assets I have and how much income I have. We both have houses and we need to try and get rid of one. I owe 208,000 and I think I could only sell it for 140,000. She owes 120,000 on her condo and I think she could only sell it for 65,000. and she can’t foreclose or short sell her condo because she works for the mortgage company that has her loan. I maybe will consider renting but I have heard horror stories about bad renters. Please Help.
What knowledge does a Realtor need for a Short Sale?
I’ve been reading up on Short Sales (because I’m almost positive that my house won’t sell for what is owed), and many people have given advice that you should have a Realtor who is familiar with Short Sales. My husband & I signed with a Realtor that isn’t familiar with Short Sales before fully realizing that it’s the only way we’ll get out of our Mortgage. What should my Realtor know that’s different than a regular sale? She’s been in the business for many years, so common realty knowledge isn’t a problem.
Someone answered another question saying that a normal contract shouldn’t be used. What’s up with that?
Should our house be listed as “possible short sale”?
How can I sell on e-bay? What are some steps I will need to take and what is the outcome?
Can someone walk me through the process. I am really short on money and I need to start selling some stuff on e-bay. Can someone please help?
i need/ want to sell my home on a short sale.?
However i am on title for the property but the unsatisfied note is in the name of a different person. The contract did not include an AITD so therefore, in california law, i cannot be foreclosed on. The note holder is refusing to cooperate and is threatening to sue if i do not continue to make the ursury payments on the note. Do i have any rights in regards to selling the property even though the entire note and HELOC is in a different name?
Realtors: Need to sell house while allowing current owner to remain and rent short-term. Is this possible?
My mother (the owner of the house) is terminally ill and at home under hospice care. She also requires caregivers 24/7, which her equity line of credit has paid for. Before this all began the house was paid in full. Now we’ve used $70,000 of the equity, but my mother is not eligible for a higher line of credit because of her fixed income. The house is worth more – we estimate $122K to $130K range, and we really need to be able to convert the remaining value of the house to cash to pay for her care. Is it possible to sell the house with a contract agreement that would allow us to rent month-to-month as long as my mother remains alive or is able to be cared for at home?
While no one can guarantee how long this might be, one look at my mother makes it obvious we are talking about a short-term arrangement. The heirs (her children) have power of attorney so presumably she would not have to be involved in the sale. Does this sound feasible?
I need a good basic course in trading(short selling, options investing, etc.).Money is not an issueWho’s best?
Why do you need an attorney when many realtors can handle short sales?
Most attorneys are charging $2,000 plus, to ‘help’ people in California sell their homes with a short sale. Surely, these people are already in financial trouble so why not just hire a competent realtor yourself & pay other bills.
It was my understanding that the seller does not pay the realtor.
Do I need to incorporate to sell my books on my website?
I plan to sell a few short books on my website. Do I need to incorporate of form an LLC? Is getting sued a problem if I dont?
Can anyone in Tampa FL recommend a good tampa short sale company? I Need to sell my house ASAP?
Has anyone here done a short sale in the Tampa area? I recently lost my job, and my wife needs to relocate for her job to CO. We need to sell our home. I bought my house in 2006, and I am probably $100k upside down on what I owe to my mortgage company. Obviously we are going to need to do a short sale, We must sell the house and are going to rent a new place. Who do you recommend in the area to do my short sale?
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