Foreclosure in 46235 : Advice

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Minna Reid, Real Estate Pro in 06107
Minna Reid answered:
I have been laid off for over a year now and my home is now going into foreclosure. My parents have offered to buy me a small house. My question is
If the foreclosing lender decides to pursue you for a deficiency they can come after your new home.
Your best bet would be to short sell or do a dil making sure you have a full settll ... more
0 votes Share Flag Wed Oct 28, 2009 Foreclosure in 46235
Craig Bartels, Real Estate Pro in Indianapolis, IN
Craig Bartels answered:
If my second home is foreclosed will i lose my primary residence too?
As long as you are paying the mortgage on your primary residence, no, they will not take your primary residence from you. I have never seen this done and sell 1-2 short sells each mo ... more
0 votes Share Flag Tue Oct 6, 2009 Foreclosure in 46235
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I own a condo. It is worth less than I paid for it in 2003. Purchased for $84K, now appraised at $73K. I
I would take the most conservative postion when addressing the primary residence. If you leave a question about if it is a primary residence or not, the answer will be most likely be t ... more
0 votes Share Flag Sun Jul 5, 2009 Foreclosure in 46235
Indy KW Real…, Real Estate Pro in Avon, IN
Indy KW Real Estate answered:
9607 E. 39th Place, Indianapolis - what neighborhood is this house in? Where is it located in the city?
Click on this link and it will show you where it is in the city:

http://maps.google.com/maps?q=9607+E.+39th+Place,+Indianapolis,in&oe=UTF-8&ie=UTF8&split=0&gl=us&ei=Iyg5SqGLIZ_EM6q36 ... more
0 votes Share Flag Wed Jun 17, 2009 Foreclosure in 46235
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