Avoid Foreclosure Monroe

Can I Sell My House To My Mom For Half Of What I Owe On It?

admin — Sun, 28 Feb 2010 14:08:59 +0000

I owe $432,000 on my house. A couple of the houses in my neighborhood sold for half of what was owed on them mainly because owners had lost their jobs and wanted to avoid foreclosure. I’m going through the same but I want to stay in my house. Can my mom buy it from me for half of what I owe on it that way I can still stay in the home and pay her the rent?

I Have Already Received A Summons To Foreclosure….?

admin — Sat, 27 Feb 2010 14:00:02 +0000

I have already received a summons to foreclosure, This realtor/investor will do a short sale on my property. Question- Is is Ok to give them power of attorney over my property?? Also, they will collect the rent from my tenant since they tell me, it is necessary to have legal control over everything to avoid any sues or complains with the tenant.. Is this ok to do??

Can I File Bankruptcy To Avoid Forclosure And End My Mortgage?

admin — Fri, 26 Feb 2010 14:01:53 +0000

As a last last result is it possible? I can no longer pay for my mortgage. I have been trying to sell my home and I will next try a deed in lieu , should it fail I will have less options. i want to know all teh options besides foreclosure. And please dont tell me to stay in my home. I need real answers from realtors or people who have been in my shoes.

Can I Avoid Forecloser?

admin — Thu, 25 Feb 2010 14:06:53 +0000

I bought a home four years ago through owner financing, also called seller financing. I have fallen behind five or six payments but now owe only two payments of $510. I can make the last two payments this month; however, the seller has notified me by mail that he is “accelerating” the note, and the case is to go to court on June 2. My question is, can I simply make the last two payments, which will make me current, and avoid foreclosure. I’d hate to lose the house, even though we moved into another home last August. I’d hate to lose all the equity in the first home. I’d also hate to have the foreclosure appear on my credit report. Is there anyway out of this mess? I live in south texas and texas laws apply but I don’t know where to look online to see if I have any rights.

Is It Possible To Help A Friend In Foreclosure And Become Part Owner?

admin — Wed, 24 Feb 2010 14:28:40 +0000

I have a friend in Corona, CA who is yet another statistic in the subprime home financnig fiasco. He purchased his home for $525,000 2 years ago, and it is now worth about $400,000 and still potentially falling. He plans to walk away.
I am looking to buy a home. I have about $20,000 I can use. Is there any way I could use that and refi with him, and we both own the house? To kind of help bail him out and avoid foreclosure? A benefit to both the bank and us. Although that would also seem like a short sale to himself…Maybe only the bank can answer that but maybe an experienced banker is on here and knows the insides of current home financing situations.
Thanks

The House We Were Told We Were Taking Over Title To Is Going Into Foreclosure, Is There A Way We Can Save It?

admin — Tue, 23 Feb 2010 14:06:20 +0000

My family and I moved into this house in May, it was supposed to be an “assignment of title” for us to buy. This “management” company said we can move in, pay $2000 in monthly payments to get the deed in our name, and we would then take over the mortgage. We’ve been making payments each month (into a bank account) that was supposed to cover the mortgage, homeowners insurance, and $80 each month towards the assignment of title fee. We did get receipts.
Well, we’ve been having problems communicating with them since August and just a couple of days ago got a letter in the mail from a lawyer which informed us the house is going into foreclosure in less then two weeks and with 4 small children we are under extreme stress right now. We’ve been trying unsuccessfully for months to contact the person whose name is still on the house with no luck, but managed to find him by locating a relative. We were able to meet up yesterday.Comparing notes with him, we found out that both us and the owner have been giving this “management” company money but they have never made a single payment to the mortgage company!
Both us and the owner want to file a lawsuit against this company, but in the meantime we have no place to go and no money saved up to pay 1st months rent and deposit to move somewhere else. Could there be a way to avoid foreclosure and get the mortgage in our name? Would it be possible for the owner of the house to file an injunction to stop foreclosure, and if so how can we do that?

Did You Know That Sometimes American People Use Immigrants ?

admin — Mon, 22 Feb 2010 14:23:17 +0000

The majority of people think immigrants just marry Americans to get the green card.I know of a few cases where American people married immigrants to use them for their money.For example,I knew this lady who was going to lose her house so she got with this guy just so she could avoid foreclosure.

Selling Your House Question/foreclosure?

admin — Sun, 21 Feb 2010 14:30:47 +0000

Currently my boyfriends house is for sale and has been for nearly a year. He really wants/need to sell it so he was thinking of taking the price down to around $100,000 or a little under. It is currently listed at 137 something I believe. Say someone buys it, where does that money go from the sale, him or the bank or what? This is to avoid foreclosure so he was thinking that if he sells it way under what it’s worth if the money from the sale could be used to still pay the monthly payments off the loan all the while trying to not get foreclosed on. Sorry if that was confusing but I really couldnt find the right wording. Thanks to anyone who responds

Help With Foreclosure Proceedings – Should I Close My Savings Account?

admin — Sat, 20 Feb 2010 14:50:22 +0000

we have a HUGE monthly mortgage and haven’t paid our bills in like 6 months- so they start our hardship paperwork (to avoid foreclosure and possibly qualify as we have a Fannie Mae loan) as i lost my job. The problem is that my wife has a seperate savings account with about 7k in it that she was saving to open a business with her mother. We have to report all our financial information to qualify for the hardship, including this account. Any advice? Should we just make a big withdraw, but then they’ll see that? Any help would be appreciated. Thanks!

Need And A Advise On Foreclosure??

admin — Fri, 19 Feb 2010 14:05:41 +0000

I am in a big dilemma.. I bought the house 2.5 years ago and about 8 mo my wife got a job at 95 miles away. I drove 30 miles same way. We tried to sell the house but had bo luck and I’will have to move closer to my wife’s job because of the kids. If I don’t sell the house I will stop making payments because we can’t afford 2 payments. The place where I move the market is even worst than where I am now and I tried to contact the bank to see if it’s possible to kind of do a mortgage transfer on another foreclosed house in the new place and they told me that it’s not possible. I don’t know what to do.. How to avoid foreclosure, but can’t avoid two house payment.Can you give me some advise, what should I do?