A cash for keys is basically voluntering to move from property and waiving your right of redemption.
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A cash for keys is basically voluntering to move from property and waiving your right of redemption. Example: You refinance with $200,000 cash out & house appraises at $650,000. The loan is $520,000. Value of property drops to $450K so you can’t refi; the cash has been spent & now it is going into foreclosure. What will bank do? I am in a short sale hell this makes no sense to me the short sale will be approved only if i bring $4000 cash in 10 days or $9000 promissary note in 90 months or seven years? What is up with that? Why would a lender do that when I am already in hardship Continue reading Why Does My Lender Want A$4000 Cash Contribution As A Conditon Of Approval Of My Short Sale Or $9000 Promissar? I would suggest contacting www.AMALoanModification.com or call 877-865-7744 for any loan modification questions you may have. They are assisting homeowners who are facing potential foreclosure to modify their existing mortgage for lower payments, rates etc. They are associated with President Obama’s new Homeowner Affordability and Stability Plan for homeowners in Continue reading If Your Home Loan Is In Modification And You Have Substanial Equity, Will Countrywide Do Cash Out? The house is only 10k. So if I pay 10k cash, how fast can I do a home equity loan for that 10k? I need to make repairs as it is a foreclosure in poor condition. Can I do a refinance loan and get more than I even paid for Continue reading How Soon Can I Take Out A Home Equity Loan Or Refinance After A Cash Purchase Of A Foreclosure? we made an offer on a short sale home. the bank has not approved the sale. we have not started escrow yet. but the escrow company already deposit our check. is this even legal? how do I get my check back? My family, along with their company, is being sued for nearly $2M. We, along with the company, will have to file for bankruptcy. Does bankruptcy protect some of our cash to live on, and what assets do courts typically expect to be sold off to pay the lawsuit assuming all other debts are Continue reading What All Is Proteced In Bankruptcy In Tx? If You Are Being Sued, How Much Cash Can You Keep After Bankruptcy? |
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