Archive for Avoid Foreclosure

Feb
10

Imminent Foreclosure?

Posted by: admin | Comments (9)

Our house payment has increased by $900 and one of the family members has lost job, so most likely we’ll have to go with a foreclosure (no equity for refinance). Anyways we have been talking to some loan officers/realtors and they said that “short-sale” is one of the options to can take to save our credit and avoid foreclosure. Taking their advice, I called several companies who had “We Buy Houses” ad on the road sides and their offers seemed too good to be true, saying that they will offer 5 months rent for free if we agree to let them buy our house in short sale. This obviously seems like a scam. So I just wanted to know what is the “correct” procedure to go with a short -sale and what things should be avoided ?
( 2nd Option)
Moreover, we are also thinking about doing a “quit-claim” and transfering the property title to only one family member. However, our loan had several co-borrowers so we were wondering if doing a quit-claim save the rest of the families credit ?

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Comments (9)

Should I try to get a streamline refi with my current lender and avoid disclosure of my income loss? Or should I approach the lender as as a hardship case looking to avoid foreclosure. I have not missed any payments.

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Comments (4)

I am trying to avoid foreclosure and can file my taxes electronically all I need is a federal tax id for the company Teletech Holdings Inc. Any help?

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Comments (4)

Need to raffle a home in California to avoid foreclosure or even a short sale offered by the bank.

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Comments (1)

Real estate mkt is very bad so can’t get a buyer for a house owned by my deceased relative. Trying to avoid foreclosure on the decendent’s home.

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Comments (2)