"Cheaper and bigger house in Orlando".
"I'd be willing to foreclose".
No wonder we are in so much trouble.
GREED...
GREED...

Dear Orlando,
Please read carefully. If you do not have a hardship created through events such as loss of job, medical, divorce or some other calamity that has imposed a non-recoverable hardship, what you are considering is to defraud the bank of the money you legitimately owe them. Even though defrauding the bank is a very popular activiety during this period of time, the consequences that result will touch EVERYONE who assists you in the process in addition to the poor sole who may buy your home. Short sale activities promoted through foreclosure prevention companies, real estate agents and real estate brokerages WITHOUT the direct involvement of a real estate attorney is a big risk with a capital R. Without an attorney you can very easily lose your home and keep your debt. Proceed with care.

If you have a hardship and need to proceed, do it right. Need a Florida real estate attorney, give me a call.
Annette Lawrence
ReMax ACR Elite Group, Inc
727. 420. 4041

A short sale isn't so easy because you have to have missed some payments and provide proof of hardship to the bank. Also, with a short sale you will not receive any money from the sale of the property. Be careful foreclosing and you should definitely think about it carefully because it will damage your credit as well.

If you have the money to buy another house, my guess is that the bank will not simply forgive you the money you borrowed from them to buy your first house, you might have to bring $150,000 plus to the closing table.

You should be aware that if you short sell you will not be able to purchase another house for 2 years. if you foreclose,you will not be able to purchase for 5-7 years and your credit will take a 200-300 pt. hit. your lender may be able to come after you for the amount you owe them(varies from state to state) if you come up with the means to purchase another home,while supposedly not being able to pay them what you owe. loan modification is the place to start.

you might want to consult a real estate attorney and talk to your bank--you might want to consider loan modification. Most importantly, TALK TO YOUR BANK!!

Myke Triebold
850-305-6256
MykeSaysSold@aol.com

I am so sorry you are in this situation as many are. Please contact me via e mail or phone to discuss your options. The best way to not effect your credit as much is to short sale it which I can help you with in a timely fashion. Please give me a call.

Melissa Antenucci
Ameritrust Mortgage Associates LLC
561-417-9221