A&N Debt Negotiators
I am a realtor in NJ. If the bank actually forecloses on you. There are a couple of delays you can make before the sheriff's sale. In NJ you get two delays. My advice to you is to list contact the bank and tell them that you will be listing the property for sale and would like to negoitiate a short sell, which means the bank accepts less than you owe on the property. They might forgive the balance or leave it on you as an unsecured loan. Call some realtors over there. They have a lot of first hand knowledge about what is going on with this. Be very careful of these sharks offering to lend you money! Good luck. If you don't have a lot of equity in the home, you may just be unloading from your life a lot of stress and financial burden. Put things in perspective.
I think, the best investment is looking for people like you and loan you some money to bring up your mortgage payment on time, and avoid foreclosure. And, in the mean time, you would pay a 10% interest to Chiang that was set by our American hero Warren Buffet on AIG. In the case, you also pay off the loan prematurely, you will also pay Chiang another 10%. Otherwise, Chiang has the right to loan you about the same amount in the future for 10% interest as well. How do you think?
Of course, you can than take of your home for sale off market, and may be help your neighbors as well. For a few thousands, 10% is not much. Even for $10,000 loan, 10% interest is only about $80 a month.
why did you let it go for so long there are any ways you could have got help.
check out my website there is information there that you may find usefull. or contact me off line, I may be able to help.