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Foreclosure Forum

What Process Is Longer? Short Sale Or Forclouser?

which one???

Foreclosure Forum

What Do You Think About Bankruptcy When People Do It Deliberately?

What do you think about people who deliberately go into debt maxing out their credit cards and everything else under the sun. And than get out of paying their bills by declaring bankruptcy ? I know a person who is greatly in debt through irresponsibility and a lawyer told her just

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Foreclosure Forum

What Are My Chances Of Purchasing A Home In A Short Sale Status?

Placed a bid, the bank sent out an appraiser 3 days later. They apparently came back stating the house was appraised at 30K more than on the market. The bank stated that they closed this file, but the listing agent sent in comparable houses in the same neighborhood that I believe would be

Continue reading What Are My Chances Of Purchasing A Home In A Short Sale Status?

Foreclosure Forum

What Are The Cosequences Of Putting A Investment Property For Short Sale?

Would the lender Litten put a lien on my primary residense for the unpaid balance or would I get a 1099? Also what is a 1099, is it money you have to pay

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Foreclosure Forum

What Happens In Chapter 13 Bankruptcy? Debt Settlement?

My husband and I are at the beginning stages of considering Chapter 13 bankruptcy, but are really confused about what will happen.
We owe about $45,000 in credit card debt, $25,000 in auto loans, and $45,000 in student loan debt. We are upside down on our house, about $40,000 under what we bought it for

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Foreclosure Forum

What Will Happen To The Equity Of Your House By 2-4 Years From Now If The Home Was Loan Modified Today?

Example: Previous value of house $300K and currently paying in mortgage, current value $200K and applied for loan modification, after 2-4 years from now $400K. Will the $200K additional value be considered as equity or AUTOMATICALLY be added in the owners debt/mortgage?

Foreclosure Forum

What To Do While Waiting For Short Sale Approval From Bank?

Im getting antsy. Is there anything i could do? Seller accepted so now im just sitting biding time.. Its been about a month already

Foreclosure Forum

Short Sale-i Am The Seller. What Are My Obligations To The Mortgage Holder?

I have been told that I will still owe the difference between the sale price and what is still owed on the house. For example if I still owe 100.000 and the best offer I can get is 90,000 I will have to come up with the 10,000 difference. Is this true?

Foreclosure Forum

What Is A Short Sale And How Does Realtors Represent Homeowners That Has To Short Sale Their House?

Please, serious answers only. thank you.

Foreclosure Forum

What Happens To My Car Loan If My Co-signer Files Bankruptcy?

I have a car loan of about $10,000. I got this loan about 9 months ago. I am just wondering how it will affect me if my co-signer files bankruptcy.