I think we are going to let our house foreclose because we have to move out f state, is short sale the best op
821283
Call your bank now and see what your options with them are. A short sale on your credit report is not 1/2 as bad as a foreclosure.\n\nA neighbor of mine was going into foreclosure. They got the bank to accept a short sale instead. The agent listed the property well below market and ended up having a bidding war with 4 different buyers. They ended up $40,000 short of the fair market value but it actually paid off the note in full (no short sale), got them out without a foreclosure on the credit report and sold the property in 5 days versus 30-60 for a traditional sale.\n\nAs for the value falling... Do you owe more than the property is worth now? If not, there should be options for you.\n\nBest of luck!\n\nKevin 866-562-6838 x 106\nkruorock@firstratelending.com
902726
Sell your home quickly and walk away with the $60,000 equity in it.  $60,000 is better than nothing, which is what you will get if you wait any longer.\n\nHave you tried to get a HELOC?  You could take out money from that and pay off your arrears to get yourself out of foreclosure.
142606
It is said that the hotest real estate markets may go through a little pullback but that most locations might be ok. So if you believe this then no.\n\nThat cooling off was due to some december housing starts statistics, which actually drastically increased in Jan. The reason may be that the extra cold december shrunk the number and pent up demand plus the extra warm jan made it balloon to its highest level in 30 years. If you believe that then yes.\n\nBottom line is if you can buy a home for a price you can afford and will be there a while and are happy with it then do it, even if the market cools off you will be fine. If it is an investment, then make sure it will have a positive cash flow after all expenses. If you have a positive cash flow and the nmarket cools you can always hold it until it comes back without any trouble.\n\nIf those are not true for you then you probably shouldn't.
677153
West Palm Beach. To move and purchase a home will be worth your investment as compared to other cities and counties in Florida.  If you are not considering you move as an investment and then send it to me, I'll do it for you. \n\nhttp://www.palmbeachfl.com/
1033854
First I would call your mortgage lender and explain your situation and work out a repayment schedule. They rather have you pay your loan than having to foreclose. Since you are back at work I assume you will have enough income to pay them at least something.\n\nIf you have some equity in your house I'm sure you can sell for a lower price than it's worth. There are always real estate investors looking for deals. You give up equity and they get a house they can sell for more, you avoid foreclosure. But again first talk your lender.
497538
Hi tater_bug0629,\n\nMy advice without the hype of foreclosure websites, check out your local sundays paper and find real estate companies advertising "bank owned" properties. Usually these are the guys who have access to the bank owned properties in your area and are eager to email their listings to you free of charge.\n\nCheck out my site: www.CurbSideInfo.com\nUnder Michigan Foreclosure.\n\n\nGood luck to your future endeavors!\n\n\nSuccess To All,\n\nJohn Lopez\nrealestatemichigan@yahoo.com\n313-258-1001\nwww.MichiganInvestorNetwork.com\n\n\n.
924239
Consider this alternative which is a three step procedure.\nIt is absolutely normal for a couple to sell one house and consider this option.\nStep 1  : Sell the house. Get whatever you can after you've paid off your mortgage. If you're thinking there isn't going to be any left for keeps, don't sweat it. Just settle this 'giant problem' first.\n\nStep 2 : This is the simpler part. Since it is apparent that it is generally easier to buy than to sell, you might consider lease-purchase option. Which means, when you move to your new location, it may not be a purchase straight away. Later if you decide this new home is really for you, then you can exercise your option to purchase by entering into a Sales & Purchase Agreement.\n\nStep 3 : If you decide NOT to buy, then your lease, maybe 5 years can be made into a very comfortable setting, the money which most people use up paying for mortgage facilities can be channeled into having all the gadgets you require to enjoy a  refined  quality of  life.\n\nOptional Step 4 : While you're enjoying Step 3, Save your money within these 5 years and invest in a smaller house, not for you stay in yourself, but to rent it and sell it for profits. Try not to take a loan. Invest in smaller a property because you can re-sell it faster. The idea is to have best of both worlds: one way you refine your lifestyle as in Step 3, and the other to purchase/invest into something which will snowball in value, without having to pay for mortgage services that eat into your savings. \n\nThe above is is truly the easy way, taken into consideration  all the mistakes I have made in properties and, learning from them.
827965
Call your lender. You may be able to make arrangements to do a "Deed in Lieu of Foreclosure". It's not done often, but given your circumstances, it may work for you. Also, talk to a real estate agent. There is a chance that you can sell this property for at least the amount that you owe on it, if not more. I'd actually suggest this over the other since you have a chance of actually getting back some of your investment. I really hope this works out for you. Good luck!
878494
Life can be wonderful after a foreclosure, if you approach it correctly. The thing to remember is that your value to yourself and your loved ones are not based on the home you live in, but how you treat and love them...\n\nSometimes life throws us curves. Our job is to pick up the bat and keep swinging. There will always be other homes to buy (and besides, in most parts of the US, home values are currently stable or decreasing, which is great for current and future buyers).\n\nAnd finally, if you haven't already, why not ask God and his Son Jesus to help you through this challenge?\n\nThey're on your side if you want them to be (Christians are never alone).\n\nHang in there and keep doing the right things in life.\n\nGod loves you.\n\nBest wishes,\nSteve
641722
No, the house is part of the real estate, too bad it was not a trailer! anyway there is nothing stopping you from making an offer, so go to a realtor, anyone will be happy to write it up, if you are in the norther michigan area give me a call, lol! just make an offer of what you are willing to pay, often times listing agents will list a house at whatever the owner wants just to get the listing, kind of like blowing sunshine up their skirts...i digress, just go to a realtor and make an offer, if you can pay cash instead of a mortgage you will have a good chance. good luck
935005
What goes up, must come down. In the USA, many people were buying homes, and now they can not get rid of them. My own brother has 4 homes in Florida for sale(Florida took the biggest hit) Nothing sold for a whole year. He is miserable. However, it did look good in the beginning when he was buying it 2 years ago...I would wait for the market to stabilize if I could
871369
That's basically how it works.  You sell a home for a certain amount of money and then you pay off the mortgage, so whatever's left is yours.  Now, that doesn't necessarily mean that paying off a house is the best investment you can make.  Nothing wrong with it, but if you're looking for maximum bang for your buck you may be better off making the monthly payments on your mortgage and investing your extra money elsewhere.  No way to be sure which is the better investment without checking interest rates and comparing.
1104053
invest in real estate the best returns for your money and the safest way to encash it when you are in need
661321
Everybody looks.\nFind a distressed property that can be fixed up.\nLook for a location that will improve in the future. Something inside a city that cannot expand outward. I just tripled my money in 5 years. Florida is hot now.
678842
Sounds like you should go to CO. If the wife and kids want to go and your going to make a lot more money there should be no question. As far as your house goes, you have a couple options. You could put it on the market, but as you said it will most likely sit for a long time. Or you could lease it out and apply the money you make to a new investment in CO. Whichever way you look at it you need to realize that your house in AZ is most likely less desirable a location than where you would be living in CO. If you stay in your house in AZ and the market continues to go down (which it will), you can kiss your 90k goodbye (when the market goes down , salaries do not go up especially double) and you can kiss your nice life in CO goodbye because you will be sitting on a house that is not worth what you owe on it and you will be trapped. It's going to be a hard decision, but if it was me I would definitely go. You don't want to get stuck in blazing AZ especially when you come from beautiful CO. Good luck with your choice.
608970
I would love to tell you that everything will be alright. But you are in a very tuff situation. It sounds like the pinnacle of either some hard times or poor choices are catching up to you. The first thing is look to a mortgage loan BROKER, not a bank.. A broker is going to work with a greater number of banks and lenders that will be able to offer you a mortgage if there is one available to you. There are loans out there up to 125% of your homes value that can be utilized in a refinance. However loans that high are often offered only to good credit high FICO score borrowers. IF you have not had a lot of lates since the Bankruptcy you might be in luck, however if you have had lates since.. you are really not in a good position to refinance. Antoher option is somehting called a "Short Sale" this is an option that you may know about from all the mailers you are getting from real estate agents and or investors that saw your home listed in forclosure... It is where you find a seller to your home, and the offer is presented to the lender (your real estate agent can do this) and the lender agrees to "forgive" the loan to whatever amount and sell the home for less than you currently owe.\n\nLet me tell you as someone in finance and mortgages this is one of the best options to you. Whatever the situation and however you got there, you want to walk away in the best situation you can. You bought a home once, and can again but don't let it go all the way to forclosure waiting for something magical to happen because it usually does not.. Sel it using a short sale and walk away from it without a forclosure.. It does not sound like you have any equity to lose and if you walk away without a forclosure on your credit and without the debt of mortgage balance on a home you longer own you will be in a better spot.\nOnce that is done you and your husband can focus on getting back on your feet. Best of luck to you!
1133270
There are always foreclosures listed in the paper.  Try starting there.