Some homeowners underwater on their houses—who owe more on their mortgages tha ... are worth—wonder what would happen if they were to stoppaying their mortgages. When lenders do not receive ... Read more
You need to consult w/ a bankruptcy attorney who will be well versed in ... Madey - New Jersey You cannot stoppaying your mortgage. You have to call your bank ... Read more
Dear Patstopbmw:First off you are in a position where thousands of ... and counseling. I am not an attorney or tax advisor, just someone who hears this over and over every day from ... Read more
Sandra,It sounds like you need to speak to your mortgage company regarding ... paying them, they will foreclose on you and I'm sure you don't want that. Communicate with them now ... Read more
You would be purchasing a tax sale certificate, not the property. In the event ... diligence and then stoppedpaying property taxes as it was a waste of money and they let it go to tax sale ... Read more
You should have not bought the property you can't afford all in all. ... of fear and misunderstanding about what has happened to this point."I'll give the seller more ... Read more
1.Quite often, REO's will not do repairs. Was the property listed "AS IS" ? I ... to do what to make sure they will not risk losing their deposit and I also explain to my buyers ... Read more
You would be considered late and the foreclosure process would begin when you ar ... , and both my husband and I have FICO scores over 800. This will hurt immensely if we decide to stoppaying ... Read more
Brad,Your best answer will come from an attorney who specializes in ... to a settlement in full or satisfaction of the mortgage. Robert Wilson I am suspicious ... Read more
Why not stop paying altogether? You just bailed out a bunch of foolish banks, ... , and AIG. What do you have to show for it? Stoppaying your mortgage. Steve Make your payment ... Read more
Scott, your situation is all too common these days; but don't panic and ... that may help guide you. First, I don't understand your agents advice about stoppingmortgage ... Read more
Usually if you stop paying you have to leave. It will affect your credit score ... will affect credit scores but what will happen if we just stoppaying the HOA dues? I can't see what the HOA ... Read more
Part of my listing presentation are samples of professional versus non ... of the technology improvements that's happening on a daily basis. I have to say that my opinion about looking ... Read more
If no one pays mortgage on home, the bank will foreclose on it. David Hitchings ... and what he needs pay. Once you stoppaying your mortgage your credit rating will go bad and effect ... Read more
CALL a LAWYER QUICK!!!! Real Estate Agents can't help you here John Bennett ... not at least You should contact your mortgage company as well, let them know what has happened and se ... Read more
Stephen,You've earned your perfect credit scores and your desire to ... argument is that the house's value declined. Borrowers stoppaying their mortgages for all sorts ... Read more