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Foreclosure Forum

Whats The Best Way To Acquire My Parents Home Before It Goes Into Foreclosure?

Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so they are considering walking away and foreclosure. They are spending almost $2000.00 a

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Foreclosure Forum

How Does A Short Sale Work?

My family and I are looking at several houses to buy in our area, and one that we are particularly interested in says at the bottom of the listing, “This property is subject to a short sale”. I understand what a short sale is, but do any real estate professionals have any more info?

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Foreclosure Forum

How Can I Start A Debt Settlement Business By Showing Clients How To Do The Settlement Themselves?

It may be very difficult. Most lenders, especially the large ones, won’t settle debts directly with the borrowers. The lenders want to make sure the borrowers are rely in a financial bind otherwise the borrowers should keep the terms of the original loan contract.

Foreclosure Forum

What Is A Loan Modification And Do You Have To Be Behind On Payments To Get One?

I am facing some hardships by have managed to keep everything current. I am looking at contacting WAMU who owns my home loan and asking for a lower rate, but I am current on everything and wonder if I would just be wasting my time.

Foreclosure Forum

I Live In Florida And The Bank Just Filed For Foreclosure. How Long Do I Have To Vacate My Home?

I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband’s job loss. How long do we have before

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Foreclosure Forum

How Do You Go About Getting Lower Comps For A Short Sale Package?

I need lower comps from either reo’s or foreclosed homes
that I can send with the short sale package
That are near the same vicinity of the home
How do you go about getting these ???

Foreclosure Forum

How Does Debt Settlement Work, And Are Those Who Have Used It, Happy With The Results?

Do all debts have to go on the plan, or can you select which?

Foreclosure Forum

What Is Loan Modification And How Much Does It Cost Compared To A Refinance?

Is it easier to modify a loan if you don’t fit the underwriting guidelines for an FHA refinance?
Not in foreclosure; just have a high-interest rate ARM and too high of a DTI.
Thanks for your input.

Foreclosure Forum

How Soon After A Foreclosure Do I Have To Wait Before I Can Get Another Home & What Steps Need To Be Taken?

Due to some unforeseen medical problems and the laziness of our wonderful workers compensation board my wife and I were “forced” into foreclosure. We miss having a house and want to get into another one within the next year and a half or so. I’ve had a steady

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Foreclosure Forum

How Do You Make Your Offer Stronger In Buying A Home Which Is A Short Sale?

Other than increasing your offering price for the home, what kind of things can a buyer do to increase their chances of the bank approving their offer to buy the short sale home?

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