http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/ Avoid Foreclosure Monroe Florida Wed, 14 Jul 2010 01:25:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/comment-page-1/#comment-536 Princess Leia Tue, 02 Feb 2010 18:34:06 +0000 http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/#comment-536 If the seller tries to sell you the house for less than what is owed on the mortgage, the lender will have to approve the "short sale" before you can buy the house for the amount you offer. If the seller tries to sell you the house for less than what is owed on the mortgage, the lender will have to approve the “short sale” before you can buy the house for the amount you offer.

]]> http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/comment-page-1/#comment-535 Angie Tue, 02 Feb 2010 17:50:56 +0000 http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/#comment-535 The biggest incentive not to be foreclosed upon is the affect it has on your credit. A foreclosure pretty much guarantees that you will not be able to purchase another house for at least 10 years. It's always better to sell than to be foreclosed. The biggest incentive not to be foreclosed upon is the affect it has on your credit. A foreclosure pretty much guarantees that you will not be able to purchase another house for at least 10 years. It’s always better to sell than to be foreclosed.

]]> http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/comment-page-1/#comment-534 Mike Tue, 02 Feb 2010 17:47:16 +0000 http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/#comment-534 You can check out realtor.com or any real estate sites to see the foreclosed homes on MLS. You cant deal with the lender until the foreclosure is COMPLETE and the people have been evicted. There are very very few mortgages that will allow you assume someone elses mortgage... you have to buy the home outright and get your own financing. Also, people are strapped right now because they probably owe a lot more then their house is worth. You can check out realtor.com or any real estate sites to see the foreclosed homes on MLS.
You cant deal with the lender until the foreclosure is COMPLETE and the people have been evicted.
There are very very few mortgages that will allow you assume someone elses mortgage… you have to buy the home outright and get your own financing.
Also, people are strapped right now because they probably owe a lot more then their house is worth.

]]> http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/comment-page-1/#comment-533 Alterfem Tue, 02 Feb 2010 15:16:44 +0000 http://avoidforeclosuremonroe.com/358/is-there-an-incentive-to-allow-your-house-to-foreclose/#comment-533 Well if they have already defaulted, you may have to deal only with the lender. And you better be approved by a lender to even put in an offer, otherwise the bank with not accept our offer. You might want to consider working with a Realtor familiar with these types of properties to advise you how best to bid on them and get your offer accepted. If I can help further, just email me. Well if they have already defaulted, you may have to deal only with the lender. And you better be approved by a lender to even put in an offer, otherwise the bank with not accept our offer. You might want to consider working with a Realtor familiar with these types of properties to advise you how best to bid on them and get your offer accepted. If I can help further, just email me.

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