May 13, 2008
Open Question: what is the best way to find foreclosured homes?
I would like to find a home listed as a foreclosure home without going through some scam on the computer. Does one just go to the bank or a realestate agent and ask for a listing of these types of homes? more…
I am losing almost $1000/month after my renters pay if you count in the 1st & 2nd loan. With the current housing market, I could maybe get enough money to pay the 1st if I sold it. If the 2nd mortgage isn't covered if I end up foreclosing, what will happen? Am I still responsible for the money? What are the consequences with my credit if I foreclose? I also have my 1st house that I also have NO equity at this point. I also own 1 vehicle. Will the 2nd mortgage company on the foreclosed home come after my 1st home and vehicle? Do I need to file bankruptcy? more…
If there is a house that I like, and it's a foreclosure(short sale). can I make a contingent offer on the house? I would need to sell my home first, and thats the only way I could get that house more…
Tags: home equity loan, foreclosure
