Home › Forums › Closed Forums › Buying and Selling RE › Need pre-foreclosure help ASAP
- This topic has 112 replies, 20 voices, and was last updated 14 years, 9 months ago by TexasLine.
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October 24, 2007 at 11:38 AM #91399October 24, 2007 at 11:44 AM #91370bsrsharmaParticipant
I don’t have any equity
Just based on that information, I think throwing that monkey off your back may give you great relief. It is difficult to visualize any scenario that will be profitable for you. Just try to walk without getting hurt by tax consequences. If you have any recourse loans (HELOC, Second etc.,) you have to be a lot more careful and anyway you need a RE lawyer. If you have other serious debt problems, you should seriously discuss various bankruptcy options with the attorney too. You should not make any life changing decisions based on any advice from this board.
October 24, 2007 at 11:44 AM #91394bsrsharmaParticipantI don’t have any equity
Just based on that information, I think throwing that monkey off your back may give you great relief. It is difficult to visualize any scenario that will be profitable for you. Just try to walk without getting hurt by tax consequences. If you have any recourse loans (HELOC, Second etc.,) you have to be a lot more careful and anyway you need a RE lawyer. If you have other serious debt problems, you should seriously discuss various bankruptcy options with the attorney too. You should not make any life changing decisions based on any advice from this board.
October 24, 2007 at 11:44 AM #91404bsrsharmaParticipantI don’t have any equity
Just based on that information, I think throwing that monkey off your back may give you great relief. It is difficult to visualize any scenario that will be profitable for you. Just try to walk without getting hurt by tax consequences. If you have any recourse loans (HELOC, Second etc.,) you have to be a lot more careful and anyway you need a RE lawyer. If you have other serious debt problems, you should seriously discuss various bankruptcy options with the attorney too. You should not make any life changing decisions based on any advice from this board.
October 24, 2007 at 11:46 AM #91371sdrealtorParticipantI know a lawyer who is very good in real estate and can help you. He’s also a licensed RE broker, is a good negotiator and is specializing in these matters. If you can be helped, he should be able to figure it out. I will forward his contact info to you if you email me [email protected]
October 24, 2007 at 11:46 AM #91396sdrealtorParticipantI know a lawyer who is very good in real estate and can help you. He’s also a licensed RE broker, is a good negotiator and is specializing in these matters. If you can be helped, he should be able to figure it out. I will forward his contact info to you if you email me [email protected]
October 24, 2007 at 11:46 AM #91407sdrealtorParticipantI know a lawyer who is very good in real estate and can help you. He’s also a licensed RE broker, is a good negotiator and is specializing in these matters. If you can be helped, he should be able to figure it out. I will forward his contact info to you if you email me [email protected]
October 24, 2007 at 11:54 AM #91378recordsclerkParticipantYou could also try 888-995-HOPE. I found this from a story in the Reader a couple weeks ago.
October 24, 2007 at 11:54 AM #91403recordsclerkParticipantYou could also try 888-995-HOPE. I found this from a story in the Reader a couple weeks ago.
October 24, 2007 at 11:54 AM #91414recordsclerkParticipantYou could also try 888-995-HOPE. I found this from a story in the Reader a couple weeks ago.
October 24, 2007 at 12:44 PM #91395AnonymousGuestWe have had success negotiating Short Sales. It seems that you have exhausted other alternatives. My concern about seeing an Attorney is his potential, self serving bias toward bankruptcy. There are many variables to a Short Sale, not the least of which is the quality of the package presented to the Lender. Another problem is that you are dealing with an Institution and each has different guidelines. In all cases, the Lender does not want your home! Call or email me for more information. David Zagorsky Peak Properties 858-259-8021 [email protected]
October 24, 2007 at 12:44 PM #91419AnonymousGuestWe have had success negotiating Short Sales. It seems that you have exhausted other alternatives. My concern about seeing an Attorney is his potential, self serving bias toward bankruptcy. There are many variables to a Short Sale, not the least of which is the quality of the package presented to the Lender. Another problem is that you are dealing with an Institution and each has different guidelines. In all cases, the Lender does not want your home! Call or email me for more information. David Zagorsky Peak Properties 858-259-8021 [email protected]
October 24, 2007 at 12:44 PM #91431AnonymousGuestWe have had success negotiating Short Sales. It seems that you have exhausted other alternatives. My concern about seeing an Attorney is his potential, self serving bias toward bankruptcy. There are many variables to a Short Sale, not the least of which is the quality of the package presented to the Lender. Another problem is that you are dealing with an Institution and each has different guidelines. In all cases, the Lender does not want your home! Call or email me for more information. David Zagorsky Peak Properties 858-259-8021 [email protected]
October 24, 2007 at 2:11 PM #91427JWM in SDParticipant“Don’t know what FB means.”
F**ked Borrower….sorry for crassness of it, but it is what it is.
Like others here have said, you should consider short sale or bankruptcy depending on the total circumstances (RE debt plus Commercial Debt.)
October 24, 2007 at 2:11 PM #91450JWM in SDParticipant“Don’t know what FB means.”
F**ked Borrower….sorry for crassness of it, but it is what it is.
Like others here have said, you should consider short sale or bankruptcy depending on the total circumstances (RE debt plus Commercial Debt.)
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