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Home Selling in 33179 : Real Estate Advice

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  • Home Buying11
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Activity 4
Fri Jun 29, 2012
Gloria Rodriguez Delosreyes answered:
There's a saying in Spanish which translates: Clear accounts save friendships.

You're right, everything spelled out in black and white will save everyone a lot of trouble. But hire someone that represents your interests and let the other party worry about theirs.

We work with some great real estate attorneys, I can email you a few names and numbers if you like.

Good luck!
G.

Gloria Rodriguez de los Reyes
Media, Branding & Team Building
Avanti Way Realty
(786) 322-9438
gloria@avantiway.com

avantiway.com
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Wed Jun 27, 2012
Cathy Sloan answered:
Cosi

If your loan is non-recourse doesn't mean they can't try for a deficiency judgment. If you don't show up in court, they win by default. If you did something to invalidate the non-recourse protection the lender can and probably will win in court. Example: they prove you reported incorrect debt to income ratio or gave any false information.

Perhaps you had a first & second mortgage and the second was not non-recourse

This is a complex legal question, you should seek legal council
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Wed Jun 27, 2012
Mott Marvin Kornicki answered:
Many property owners are upside down these days. It appears that the short-sale is the only option besides foreclosure. Another option may be to offer the lender a deed in lieu of foreclosure. It is best to seek capable legal and financial advise from an accountant and/or attorney. ... more
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Wed Jun 27, 2012
Get-smart answered:
if you didn't find the information you needed you can go to the link below.
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