Archive for Foreclosure
Bankruptcy In State Of Georgia-?
Posted by: | Commentsif you file ch 7 or 13 to avoid foreclosure and postpone property sale, can you stop the bankruptcy proceedings at the hearing-say if the repayment was not feasible. I am trying to buy time to move. Thanks
I Have Already Received A Summons To Foreclosure….?
Posted by: | CommentsI 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?
Posted by: | CommentsAs 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.
Is It Possible To Help A Friend In Foreclosure And Become Part Owner?
Posted by: | CommentsI 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
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?