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

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Christopher…, Real Estate Pro in Hoboken, NJ
Christopher Poreda answered:
Is it lawful for a listing agent to refuse to show me the house until I sign a Buyers Exclusive on that prop ...
Which state are you inquiring about?
0 votes Share Flag Wed May 28, 2014 Home Buying in 07030
Laurie Chris…, Real Estate Pro in Oak Park, IL
Laurie Christofano answered:
What are the pros and cons of having the same realtor represent us and the seller in a contingent sale? ...
I would ask for referrals from other clients who've used her as a dual agent. That way at least you can verify that she can walk the fine line and give all clients equal and fair r ... more
0 votes Share Flag Mon Apr 1, 2013 Home Buying in Chicago
K.C. Jones, Real Estate Pro in Texas
K.C. Jones answered:
Am I breaking a law by asking a listing agent to show their listing when I intend to use a real estate la ...
I would say honesty is the best policy. Tell the listing agent your intention. He/she is paid by the seller at closing.
0 votes Share Flag Fri Sep 5, 2014 Home Buying in 60441
David Hanna, Real Estate Pro in Chicago, IL
David Hanna answered:
If both parties have signed the contract but the buyer wants out, what rights does the seller have?
The starting point for finds the answer will be in the contract, especially if it is one of the local Realtor board documents commonly used.
The end point is to consult with an attorn ... more
0 votes Share Flag Wed Feb 6, 2013 Home Selling in Bucktown
Craig Chasta…, Real Estate Pro in 92336
Craig Chastain answered:
Needs sort of ideas pls. What's the status?
These would all be questions that should be directed towards your Realtor (listing agent). They should be able to better answer these questions than us. Every process and house is diffe ... more
0 votes Share Flag Tue May 7, 2013 Home Buying in 92337
Hillary Moff…, Real Estate Pro in Roseville, CA
Hillary Moffitt answered:
First time home buyer is not sure about getting a realtor
You absolutely need to find a good realtor before you become serious about home searching. SInce interest rates are low there are a lot of buyers out there wanting to buy! Also inven ... more
0 votes Share Flag Thu Aug 7, 2014 Home Buying in 95747
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
What happens if we stop paying property taxes (Suff. Co., LI, NY)?
This is basic...."one should never solve a problem by creating another." I'm unclear how not paying the taxes would resolve your issue other than getting even with the "squatters."You w ... more
0 votes Share Flag Tue Jun 4, 2013 Home Selling in 11740
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
I am buying a short sale house. PNC is the seller’s lender.
Short sales can take a very long time for the bank to approve. The seller also has to cooperate and sometimes they drag their feet. It is very frustrating and requires great patience. ... more
0 votes Share Flag Sat Jun 15, 2013 Home Buying in Jacksonville
Sean Hess, Real Estate Pro in Saint Augustine, FL
Sean Hess answered:
what does short sale mean?
Did an article on that very question in November at:
0 votes Share Flag Mon Jan 28, 2013 Home Buying in Saint Augustine
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
Can anyone explain the term Lease with an Option to buy. Is this a safe way to p ... if you have bad credit? Please reply and Thank you ...
It is an AWFUL way to attempt to buy, because it so rarely works out. You will still need to get a loan to buy at some point and no loan means you will lose more money that you gave to ... more
0 votes Share Flag Wed Dec 26, 2012 Home Buying in Jacksonville
Guy Gimenez…, Real Estate Pro in 78704
Guy Gimenez ABR, CRS, GRI answered:
What happens if I walk away from the deal just before closing ?
First, no one here has reviewed your contract so any responses would be nothing more than speculation. Has the seller breached the contract prior to now? Are you past all contingency p ... more
0 votes Share Flag Fri Dec 21, 2012 Home Buying in Pflugerville
Mitchell Pea…, Real Estate Pro in San Jose, CA
Mitchell Pearce answered:
Should I remove loan contingency?

In this lending climate, it is never good to remove the loan contingency till the deal closes. Don't take a lock for less than the time necessary to close the deal. You c ... more
0 votes Share Flag Sat Dec 15, 2012 Home Buying in San Jose
Ann Ryan, Real Estate Pro in 33178
Ann Ryan answered:
House was listed for $120.000, now, after 2 months of waiting the bank wants $13 ... . What should I do? ...
Porrka, it sounds pretty normal. I see you having two options - accept the banks price, or walk away. You should discuss the pros and cons of this with your agent.
0 votes Share Flag Thu Dec 6, 2012 Home Buying in 33559
Lee Taylor, Real Estate Pro in Decatur, GA
Lee Taylor answered:
New home Brick Color / Pattern Problem
On a scale of 1-10, with ten being "I will never, ever close on the sale of the property and I am willing to lose my earnest money and all construction deposits," what is your ... more
0 votes Share Flag Thu Mar 13, 2014 Home Buying in 30041
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
I recently placed a bid on a HUD that was accepted. I am waiting the sales contr ... by HUD and after speaking with my loan officer I am ...
The HUD homes have very specific language in the contract you signed and your agent should have explained that to you. If you are financing FHA they don't require the buyer to make up ... more
0 votes Share Flag Mon Nov 26, 2012 Home Buying in 30066
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
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, Real Estate Pro 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 Real…, Real Estate Pro in Washington Park, Den...
Wisdom Real Estate Team 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
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