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Foreclosure in Keansburg : Real Estate Advice

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  • Home Buying11
  • Home Selling1
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Activity 2
Tue Jul 21, 2015
thinz answered:
If you can't rent for more than your mortgage payment, a short sale would be my first suggestion. THis is NOT a strategic default! In a short sale you will try to work out sale terms for less than your mortgage balance. Easier on your credit than a Deed in Lieu....Next, a deed in lieu if the lender won't approve a short sale. This is a friendly foreclosure where the lender agrees to take the deed back. It will impact your credit score more than a short sale, but you may be able to get incentive money from the lender in the process if you stay and keep the home in good condition. A strategic default is nothing more than walking away and doing nothing. I would never recommend that.
If you are concerned about time, and don't think you can list and sell before you leave sometime next year, I would approach the lender with the deed in lieu would be the quickest solution...but again, not my preferred. Tom Hinz www.shortsaletosellcom
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Mon Jul 20, 2015
Albiecardew answered:
If the home next door is in foreclosure, the bank who owns the property would most likely be the source to contact about tree removal. If you contact your city, they should be able to advice you on the process and requirements for removing the tree. Since it's on the other property but still affecting yours, you must contact the owners or bank before doing anything about it. However, the bank should be reasonable with such a request, so I would suggest contacting them. ... more
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