Has anyone here already gone through a foreclosure?
My hubby and I just aren’t bringing in as much money as we once did and now can’t afford our house. I called our mortgage company – GMAC Mortgage to let them know about our situation and all they said was try doing a quick sale then if it doesn’t sell we’ll have to sign a quit claim deed —that’s it?! The house is never going to sell, there’s about twenty foreclosures just in our block and I explained this to them but they didn’t seem to care, so I’m confused, isn’t there other options they can offer us and help us keep our home instead of just basically forcing us out? You would think that they would want to offer other ways to help, like allowing us to refinance, instead of ending up with another empty home????
Hey, my mother went thru the same thing… they dont care… its easier for them to just take over the house and call it even… most morg companies are now renting them out
my moms property went over a year without a payment… it was on the market the whole time… then it was “foreclosed” and got sold on the steps of the court house for 25k it was bought for 100k and appraised for 175k…
so.. If i were you…. if your credit is decent… go to another morg company.. get a loan and money in hand… when your prop is sold at court house buy it back for a fraction of the cost….
not many options…
they get tax breaks and take “company” losses for foreclosures.. doesn’t affect them very much
Don’t Let the Banks Steal Your Home
|
|
The Law And Practice Regulating The Disposition Of Surplus Moneys Arising From The Sale Of Lands Upon Mortgage Foreclosures $16.68 The Law And Practice Regulating The Disposition Of Surplus Moneys Arising From The Sale Of Lands Upon Mortgage Foreclosures |
|
|
To Prevent Mortgage Foreclosures And Enhance Mortgage Credit Availability. $13.64 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications… |
|
|
Possible Responses To Rising Mortgage Foreclosures $18.15 The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications… |
Tags: No Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.