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Foreclosure in 45040 : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling6
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Activity 2
Tue Aug 24, 2010
Mark Ryan-Mark Ryan Group answered:

I struggle with this all the time. We do a large number of short sales and have divorce and BK attorneys all the time tell clients to just walk away... I wont argue the law with them but it is just a fact that a foreclosure is the worst thing that you can have on credit... way worse then a BK and if you have a BK AND a foreclosure that is the worst...

Will be interesting to see what other input you get on here...

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Fri Jan 4, 2008
Chuck Patterson answered:
Candi, Your options will vary depending upon the type of loan you have and your lender BUT YOU DO HAVE OPTIONS. Until it goes to auction and the sale is recorded, you can redeem your home. Talk to your lender ASAP. Chances are they don't want to own another foreclosed home. If you have had a good history wit them, they may be far more cooperative than you might think. Call your local HUD office and explain your situation. There are resources available. DO SOMETHING. Doing nothing is never the answer. I truly wish you the best. ... more
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