first u and ur old lady should stay together, luv is forever right.. if not u could deed it over to tthe bank once ur past due, to avoid foreclosesure, or file bk if ur already past due, a good bk attorny can reaffirm a realistic value for the home, and that's what youll pay on, bottom line ur screwed.... maybe one of you can stay in it and make the mortgage payment..let me know how it goes - Wed May 7 2008, 09:50
actullay those guys who answered your question are wrong you can buy a home for a few hundred dollars, if you buy the tax lien on it, of course the ones that only cost a few hundred will be a pieces of crap, you may find some nice properties in SC but the tax lien will be for several thousand, and the owner will still have 2 years to redeem the property by paying the tax before you can take pocession, youll have to wait 2 yrs, but you could make some interest when you buy the tax lien and it is redeemed when owner pays up. it is very rare to get one, most have mortgage on them and the lender will pay the taxes up b4 losing the house to a tax lien buyer ....check out my website - Tue Apr 29 2008, 13:40
Who set up this short sale for you, normally if you have someone set it up for you part of the agreement is to get written agreement from the bank that they will not seek recourse on the charged off balance, were you using a realtor or third party investor to set up the short sale for you??? they dropped the ball big time - Fri Apr 11 2008, 12:08
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.