If home is going back into foreclosure, should you file bankruptcy or sell house?

Author: admin  //  Category: Sell House Quickly

Our loan was in a "modification" with the mortgage company and we were late on the payments. We sold one of our trucks on Friday for $1100.00 to pay the 2 months behind and today we got the letter in mail saying they were continuing foreclosure proceedings.
We called and they said we don’t make enough, but we do so they are working on something, but I have a bad feeling that they are stalling. I want to sell the house, but my boyfriend does not want to. Our home is worth more than we refinanced for, but will be hard to sell quickly. Our credit is terrible and our score is very low. What about filing for bankruptcy or trying to sell fast..before foreclosure starts again?
I don’t think we can do much to get out of the mess we’re in.
(we missed the payments because a/c broke..we live in florida and have new baby so we had to buy window units.)

As a secured creditor, your lender will not be affected by bankruptcy. the only decision the bankruptcy judge has to make is if there is enough equity left after paying the mortgage for the other creditors to fight over.

You can always reinstate the mortgage by making up the back payments.

Otherwise sell the property. The foreclosure will take many months. Use the profits to make a new start. Reduce your cost of living and repair your credit.

how can i sell my familys home for the amount we want, FAST!?

Author: admin  //  Category: Sell Home Fast

my family and i are trying to move to north carolina and we have put our house for sale before and it did not work out now were trying again w/o a relator and we want to sell FAST!
any tips?

Price it at about 70% of the the other houses for sale and be willing to work with a selling agent (give them 3%).

Buying an owner financed home?

Author: admin  //  Category: Owner Financed Homes

Me and my husband are going to try and buy a home and the owner is going to owner finance…what should we ask and what things need to be addressed?

To protect yourself as much as you can, but the home on a land contract & have it recorded with the county so you are responsible for the taxes & insurance. I would also get the home appraised so you know you are not over paying for it. Pay by check & be in the land contract for 1-5 years, refinance the home & pay the land contract holders off.

Good luck! I think that this is really the way to go. I purchased my first home on a land contract & had no problems.

I need to sell my home quickly My Husband had to relocate his job to kentucky I am here selling house alone?

Author: admin  //  Category: Sell House Quickly

My Home is in Central Maine 4 bed 2bath huge newly just finished and husbands job goes to Kentucky so he went ahead with daughter while I sell home.Its 1/4 mile from the greatest golf and beautifully landscaped across the street from Huge lake office and a par 3 in back yard.I miss my family sooo much
anyone interested In getting a great home and business Taxes are cheap I can let go under value Help Help Help

Well, as someone else mentioned, unfortunately the real estate market is down at the moment. However, there are always people looking to buy. If you want to sell quickly you may have to take a little bit lower price for your home. I think someone else also mentioned cleaning up your home. That’s also a good idea. If your home is nicely kept and clean it will help sell it faster. Presentation says alot. I guess your husband took a job with a company that didn’t offer to help you sell your home. You might try weichert.com to list your home with. They have a really good program, your home gets listed on about 50 different websites, tell your agent you want open houses every weekend until it sells.

I need to sell my home quickly My Husband had to relocate his job to kentucky I am here selling house alone?

Author: admin  //  Category: Sell House Quickly

My Home is in Central Maine 4 bed 2bath huge newly just finished and husbands job goes to Kentucky so he went ahead with daughter while I sell home.Its 1/4 mile from the greatest golf and beautifully landscaped across the street from Huge lake office and a par 3 in back yard.I miss my family sooo much
anyone interested In getting a great home and business Taxes are cheap I can let go under value Help Help Help

Well, as someone else mentioned, unfortunately the real estate market is down at the moment. However, there are always people looking to buy. If you want to sell quickly you may have to take a little bit lower price for your home. I think someone else also mentioned cleaning up your home. That’s also a good idea. If your home is nicely kept and clean it will help sell it faster. Presentation says alot. I guess your husband took a job with a company that didn’t offer to help you sell your home. You might try weichert.com to list your home with. They have a really good program, your home gets listed on about 50 different websites, tell your agent you want open houses every weekend until it sells.

Should I sell a home using an auction?

Author: admin  //  Category: Sell Home Fast

I want to sell a home fast and an auction seems the best route. I know they get about 10% compared to 7% for realtors.

But homes sold by auction usually sell for more than through the regular selling way or less.

Before you do:

Remove everything in the house, people like to see where they will put their furniture. Remember your taste is not their taste if furniture and cute stuff sitting around.

Paint the walls one color, usually white because others may not share your love of colors such as red, green, yellow. It will turn them off. I know I dislike red walls with a passion. lol

Repair everything no matter how small. You might get a women in there and they like everything to be fixed.

Wash windows inside and out.

Paint cabinets if needed.

A pretty kitchen and pretty bathrooms sell a house these days. Everyone wants pretty kitchens and bathrooms. This means nice floors, nice cabinets, etc.

Mow the yard back and front.

Clear out dead weeds, flowers, bushes, trees.

Make sure the roof does not leak.

It would be best to get an inspection and let the buyers at the auction see what he has to say.

Be sure to advertise.

God bless and have fun. Hope you make lots of money.

Should I sell a home using an auction?

Author: admin  //  Category: Sell Home Fast

I want to sell a home fast and an auction seems the best route. I know they get about 10% compared to 7% for realtors.

But homes sold by auction usually sell for more than through the regular selling way or less.

Before you do:

Remove everything in the house, people like to see where they will put their furniture. Remember your taste is not their taste if furniture and cute stuff sitting around.

Paint the walls one color, usually white because others may not share your love of colors such as red, green, yellow. It will turn them off. I know I dislike red walls with a passion. lol

Repair everything no matter how small. You might get a women in there and they like everything to be fixed.

Wash windows inside and out.

Paint cabinets if needed.

A pretty kitchen and pretty bathrooms sell a house these days. Everyone wants pretty kitchens and bathrooms. This means nice floors, nice cabinets, etc.

Mow the yard back and front.

Clear out dead weeds, flowers, bushes, trees.

Make sure the roof does not leak.

It would be best to get an inspection and let the buyers at the auction see what he has to say.

Be sure to advertise.

God bless and have fun. Hope you make lots of money.

I BOUGHT AN OWNER FINANCE HOMES LAST JUNE THIS YEAR DUE TO RECENT BANKRUPTCY .CAN I GET OUT FROMIT?

Author: admin  //  Category: Owner Financed Homes

i have very bad credit and my husband joined me in this contract.im afraid that his credit will ruin.i live in arizona which has anti deficiency law.

you can still sell it or rent it. read your contract

I BOUGHT AN OWNER FINANCE HOMES LAST JUNE THIS YEAR DUE TO RECENT BANKRUPTCY .CAN I GET OUT FROMIT?

Author: admin  //  Category: Owner Financed Homes

i have very bad credit and my husband joined me in this contract.im afraid that his credit will ruin.i live in arizona which has anti deficiency law.

you can still sell it or rent it. read your contract

Desparately want to sell house in ireland, but how?

Author: admin  //  Category: Sell House Quickly

I have a house for sell in southern ireland that is already really well priced (€30,000 less than agent valued) but so far no viewings. House is well decorated. They don’t seem to have property auctions here. Any ideas how I can I sell it quickly? Want to return to UK.

Hi Charlie,

I’m afraid my response probably wont be the answer you want to hear but here goes. I moved back to Ireland just over a year ago and at that time I couldnt believe the house prices over here – they are just grossly exaggerated it is unbelieveable. You’re talking about half a million € for cheaply constructed shoeboxes that will not be standing in half a century for many new builds that are flooding the market at this time. Ireland got greedy, saw money in land and property that could not possibly be sustained to an acceptable level – your mortgage should only ever be 3 and a half times your annual wage – the average acceptable wage is approx €35k per annum – that does not equate to half a million in anyones expectations…..

If you desperately want to sell, you must drop your asking price drastically – granted, I do not know how much your house is advertised at, what size it is, the area it is in but unless you take into account the credit crunch, how much banks are willing to loan and what the average wage is, unless you are willing to take a loss or if you are lucky enough to break even just sell at a realistic price………….if you want to move back to the UK quickly, be real with your price