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Foreclosure in Eau Claire County : Real Estate Advice

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Thu Apr 12, 2012
Bruce Weegman answered:
Hi Gea,

I am afraid you are a little late on this home. We are scheduled to close on it Friday afternoon. I represent the buyer and we feel we negotiated a fantastic deal. The home was sold "short" by a local credit union who did a great job working with the secondary lien holder, and the home owne,r to get it off of their inventory. The market has heated up and all buyers should jump into the market to take advantage of fantastic rates and home pricing.

Bruce Weegman
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Thu Apr 8, 2010
Scott Godzyk answered:
Your bets bet is to at least meet with an attorney for the fist free meeting to get a direction on what to do. If you own other property or have assets than the may come after you depending on your state laws. They can not JUST attach it on a whim, they will need to go to court to seek an attachment. There are other options to foreclosure, simply call your bank and ask for the home retention department, if you do not want to lower your interest rate and payments to keep it, then ask to complete a short sale which will cut your losses and be better for your credit. good luck with working things out. ... more
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