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Torrance Beach : Real Estate Advice

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  • Home Buying3
  • Home Selling0
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Activity 3
Wed Nov 17, 2010
Spirit Messingham answered:
I wish, what a beautiful area. You can simple Google Realtor for the city you are interested in and sure more names will come back at you than you can deal with. Meet with them, treat it like a job interview and ask for references.

Best of luck.
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Fri Oct 8, 2010
Michael Magaw answered:
You signed loan papers stating that you agreed to make your payments. No bank is going to tell you that you can stop making payments. If you do stop making payments, the bank will report it to the credit bureaus. If you only have a few months to pay before you clear this up, you may not want to ruin your credit over a few payments.

So, to answer your question directly, the bank can't force the payment out of you. So you can stop. But you will pay a price for it.

Have you already listed your home? If so, what did your agent advise you to do? If not, I would be happy to help you get your home sold so you can get this behind you.

Michael Magaw
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Fri Sep 17, 2010
Michael Magaw answered:

I am a short sale specialist here in Torrance. Honestly, it is difficult to offer advice this way. There are several questions that I would need to ask first. I would be happy to sit down with you and give you a free consultation to review all of your remaining options. Short Sale, Deed-in-Lieu, or Foreclosure. There are pros and cons to each.

The new HAFA Short Sale program does offer $3000 to the Seller to help with the relocation. I would be happy to review this with you.

There may or may not be advantages to continuing to pay your mortgage. But if you do stop, it will definitely effect your credit score.

Michael Magaw
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