My home is trying to go for a short sale to avoid foreclosure. I’m going into foreclosure because I don’t have any money. If the short sale goes through and there is a winning bid, who ends up paying for the closing cost and the Realtors?
A friend of mine stopped paying for their home that is upside down. Now it’s in foreclosure and they received notice of auction date. Do they still have a chance to negotiate with the bank to sell property on short sale? Please advise.
Need to raffle a home in California to avoid foreclosure or even a short sale offered by the bank.
Anyone know if any government help is available to people on unemployment to help in the purchase of a home. Possibly with this stimulus package?All types of help is available to help you stay in your home, to avoid foreclosure, but is there any help for those of us who have already lost our home?
PLEASE PLEASE PLEASE….contact your mortgage company ASAP and explain your situation to them! Ask if you can reinstate the loan and borrow the money or sell something to pay off the payments that are behind! MANY times the mortgage co will work with you to set something up so you can pay the back payments and catch up…..Contact the loss and mitigation dept…..If they see you are serious, they will work with you…..The last thing they want is to foreclose on your home, its expensive and time consuming….Best of luck!
She just stopped paying any rent, and I need her out so I can qualify for a program to help avoid foreclosure. She works and gets paid well, and I am unemployed and looking for work.
I filed bankruptcy last year to stop a foreclosure, Now a year later I find myself in default again They want to foreclose How can I stop it now
My mom and my step dad have declared bankruptcy one or two times in the last 10 years. My older brother now lives with them because his health hasn’t been so great for some time. Needless to say their credit isn’t so good after filing for bankruptcys. Now I hear the bank has gone to foreclose their home and they say to us, their adult children that they have their lawyer working on it but don’t tell us much else. My parents havent made such great choices about their money in the past so we are pretty skeptical. Not only that a majior reason why they are in this finacial hell is because my step dad fell for an internet e-mail scam. I and my brother am trying to help them as much as we can with our own practical smarts but they haven’t told us any details so far. From what we gather my parents could be housless come Febuary. What can be done to help them legally and, or what would you do about all this?
Renegotiate a lower payment, or lower interest rate that would lower the payment.
Try to defer a couple payments (some lenders allow this)
Find a private lender (someone that has enough money to buy out the mortgage and then you just pay them back under whatever terms they set up with you)
Get a part time job to help make payments
Get someone to rent your basement or a room or suite (this would still be your principal residence, you’ve just got a ‘roommate’ now as well).
Create a budget and really analyze where you money is going and ways to free up cashflow.
You may be able to delay by asking for them to produce the note. But the only way to stop a foreclosure is to bring the note current or to work out something with your mortgage lender.
Here’s a link on how to request the lender to produce the note: http://www.consumerwarningnetwork.com/20…
**not legal advice. only an attorney can give legal advice.