What Happens If I Walk Away From My Mortgage All Locations : Advice

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Gail Dishman, Real Estate Pro in Sedona, AZ
Gail Dishman answered:
How do I find an aggressive and knowledgeable Realtor in Scottsdale?
Probably not your Realtor. That happens all the time. The inventory has slowed down. Investors are buying things up too. If you are searching on Zillow or places like that they are s ... more
0 votes Share Flag Thu Aug 22, 2013 Home Buying in Scottsdale
Bill Mccord, Real Estate Pro in San Jose, CA
Bill Mccord answered:
Any advice on a rent to own? I want to learn more about it. Also wondering if anyone knows where I can find ...
Hello. At any time these kinds of options are very rare. nI todays booming sellers market where 99.9% of new listings are sold within days I do not think there is any hope of finding a ... more
0 votes Share Flag Sun Nov 25, 2012 Home Buying in San Jose
Gail Gladsto…, Real Estate Pro in 11743, NY
Gail Gladstone answered:
I have own a coop which was destroyed in Sandy.. I would like to just walk away from the coop.. What a ...
Were you insured? Why would you just walk away from property you own? Were you underwater on the payments?

More information is needed, but typically, abandoning a property can happ ... more
0 votes Share Flag Thu Jun 13, 2013 Foreclosure in Freeport
Carl Henker,  in 95928
Carl Henker answered:
Had to waive the financing contingency in order to extend the closing date for one week - am I totally s ...
You didn't happen to get your LO's guarantee in writing did you? Was there a reason given by your LO why you don't have an approval yet? It had better come through quick if you only h ... more
0 votes Share Flag Thu Nov 8, 2012 Financing
Wisdom Group, Real Estate Pro in Denver, CO
Wisdom Group answered:
how diificult is it for a realtor to sell a how that has mortgage greater than value due to market? ...
I am happy to do a free market analysis on your home to help determine market value. The market has been appreciating quite a bit lately and you may not be upside down. If the home is ... more
0 votes Share Flag Tue Mar 19, 2013 Home Selling in Aurora
Eric H. Wong , Real Estate Pro in Albany, CA
Eric H. Wong answered:
Necessity of earthquake insurance?
Earthquake insurance can double the cost of your home insurance, and the deductible is huge. Before you take the plunge, I would have a reputable earthquake retro fitter take a look at ... more
0 votes Share Flag Fri Jun 26, 2015 Home Buying in Oakland
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Can i somehow pursue seller to refund my expanses due to their error and inability to complete the deal? ...
Did the seller not have title insurance? That should have paid to have all title work cleared up. Unfortunately seller could not produce clear title and you hired a lawyer. I would thin ... more
0 votes Share Flag Mon Oct 22, 2012 Home Buying in New York
Morcos Azer, Real Estate Pro in Norwalk, CA
Morcos Azer answered:
Is it better to go directly to the listing agent to buy a house?
NO, is not better. It is the same. Listing agent is an agent as any other agent and if the listing agent feels any confelect, he/she will advise buyer to get their own agent.
0 votes Share Flag Sat Aug 1, 2015 Home Buying in 90240
Doug McVinua, Real Estate Pro in Gilbert, AZ
Doug McVinua answered:
I have a vacation condo in gilbert that I am upside down on. How do I even start a short sale?

Lets discuss this further as soon as possible. I do the work with the bank, make the contact, submit the paperwork and request they relieve you of the balance owed. No charge ... more
0 votes Share Flag Mon Dec 10, 2012 Home Buying in 85234
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
Name on deed but not on mortgage
If the mortgage is in your ex-husband's name only, you can just stop making payments. The loan is his obligation to fulfill. If he doesn't pay for the mortgage, then you would both lo ... more
0 votes Share Flag Sat Sep 22, 2012 Home Buying in Missouri
Yvonne Strong,  in Long Beach, CA
Yvonne Strong answered:
VA Home Loan Lender Referrals?
Hello Dez;

I have done VA sales and also have a wonderful lender who is VA qualified to do their loans and fully understands all that is needed to be qualified. Please let me know ... more
0 votes Share Flag Thu Aug 6, 2015 Home Buying in Long Beach
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
Can a home owner, close on a new home, and walk away from their present mortgage due to underwater situatuio ...
Many people have done this, but an article I read yesterday points out that this is considered mortgage fraud and they will be going after people who did this, and they're not only ... more
0 votes Share Flag Wed Mar 18, 2015 Home Buying in 60423
Rosina Eisen…, Other/Just Looking in Jacksonville, FL
Rosina Eisenmann 904-482-8666 answered:
Recently I have been experiencing problems with my sales agent and realtor (which happens to be a married c ...
You may want to speak with their Broker, that is their boss, before proceeding.
0 votes Share Flag Sun Sep 23, 2012 Home Buying in Jacksonville
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
What happens to a mortgage when a house is sold?
The mortgage gets paid off. If you had a $400K mortgage and you have been making the payments it is very unlikely that you owe more than $400K unless of course you had a 'negative amor ... more
0 votes Share Flag Mon Sep 10, 2012 Home Buying in 98101
Debi Gotlieb, Real Estate Pro in Chandler, AZ
Debi Gotlieb answered:
When interviewing a Realtor, one question should be: "Do you own a home yourself?"--Do you agree with this or does it matter?
I am a realtor and I have owned a home for many years. However, I am also a broker and can attest I have had some excellent agents that were not homeowners. This is not a fact that will ... more
0 votes Share Flag Wed Sep 12, 2012 Home Buying in Chandler
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
If an appraisal coming in for a home comes in way too low.Is the buyer still resposible for the appraisal ...
I don't know why the lending officer would know something like that. They're not in a position to value property. They know how to process loans.

Arguably your agent should have kn ... more
0 votes Share Flag Wed Sep 5, 2012 Market Conditions in Spokane
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
I have been paying rent but either my landlord or mgt company has not been paying the mortgage. Is this lega ...
All I can say is that this happens a lot. If you have a lease with the current owner of the townhome you are usually required to pay your monthly rent or you could possibly be subject t ... more
0 votes Share Flag Fri Aug 31, 2012 Rentals in Brea
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
What happens when a BPO expires on a short sale that has already been approved?
I do quite a few BOA short sales. If the approval letter says close on or before the 12th of September you should be good to go.
I had a closing held up one time on a BOA short over a ... more
0 votes Share Flag Sun Aug 19, 2012 Home Buying in 34711
Michael Hamm…, Real Estate Pro in Suwanee, GA
Michael Hammond answered:
Short selling a current rental property. Repurcussions on my current home/mortgage?
Did you obtain a fixed or adjustable rate mortgage on your primary "current" home, Deb? Good Luck!

Michael Hammond

http://www.georgiaml ... more
0 votes Share Flag Sun Aug 19, 2012 Home Selling in 30067
Cindy Irwin, Real Estate Pro in woodstock, GA
Cindy Irwin answered:
My husband is transferring to Alpharetta, we are overwhelmed with all the options!
Hey Kelly,

There are truly so many options and I can understand why you would be overwhelmed. Alpharetta is a great area and very family oriented. You can get a lot of bang for y ... more
0 votes Share Flag Thu Sep 6, 2012 Home Buying in Alpharetta
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