Foreclosure in Galt : Real Estate Advice

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RonS, Other/Just Looking in Concord, CA
RonS answered:
My interest only loan matures in 6 months. I can't afford to refinance. What are my options?
Is there equity? THE FDIC came out with guidance they want the lenders to work on with borrowers that have maturing or ballooning HELOCs. If you have equity, sell it. Obviously you can' ... more
0 votes Share Flag Mon Feb 2, 2015 Foreclosure in Galt
Rene' De Bla…,  in San Diego, CA
Rene' De Blanco, MBA answered:
Can the buyer of a foreclosure become responsible for any debts that the previous homeowner had? i.e., seconds taken out on the home
The buyer's lender will want to have all liens against the property cleared. Frankly, no lender is going to extend a loan on a house with a lien (secured or unsecured) on title. Furth ... more
0 votes Share Flag Tue Apr 10, 2012 Foreclosure in 95632
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