1 yr ago I file liquidation, divorced and 6 months ago refinanced home,can't pay-want ridge to foreclose?
After divorce I refinanced 1st and 2nd mortgage so he would be off the loan and gave him his VA cert posterior. Now 6 months later I can't pay due to wage issues. took surrounded by a roommate but now hours are cut and back surrounded by same boat. Foreclosure seems only selection. Can't file bankrupcy, can't refinance and too soon for any equity or pymt options. please advocate
Answers:
Your best bet is to contact your lender and detail them your situation. Maybe they can work something out. If not, contact me if you're in Southern California and I will help you out. Your subsequent step is to do a short sale or see if you can do some type of rent to own (like a PACT Trust).
Regards Source(s): Satar Naghshineh
satarnag(a)amirifinancial.com
www.amirifinancial.com
California Licensed Real Estate Broker and Investor
Call your bankrupcty attorney and explain, he may have good thinking.
Call your bank and explain, ask for options.
It's ok it happens to the best. Go to the lender and ask for a forberance agreement and ask them how they can help you given your income situation. Most of them will give a hand you they don't want your house. Once the agreement is done, if they will do one, then you will have a better direction. If they won't do one after try to sell before they foreclose. If no mart then I'm afraid that they will foreclose. Since you recently file bankruptcy assuming you are on a plan or got discharged, and afterwards did the house (if you filed for bankruptcy after you did the loan your house is within an estate and it does not belong to you) any foreclosure of your home that does not generate enough money to pay for the debt can also head to garnishment of your wages after the judgement on a deficiency is reduced to the garnishment. I certainly hope that your lender will be okay given your circumstances.
Buena Suerte Source(s): http://www.realestateformnm.com
can you talk to your collapse lawyer? have you spoken next to them about any options pertaining to this forclosure?
that's the best bet.
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Answers:
Your best bet is to contact your lender and detail them your situation. Maybe they can work something out. If not, contact me if you're in Southern California and I will help you out. Your subsequent step is to do a short sale or see if you can do some type of rent to own (like a PACT Trust).
Regards Source(s): Satar Naghshineh
satarnag(a)amirifinancial.com
www.amirifinancial.com
California Licensed Real Estate Broker and Investor
Call your bankrupcty attorney and explain, he may have good thinking.
Call your bank and explain, ask for options.
It's ok it happens to the best. Go to the lender and ask for a forberance agreement and ask them how they can help you given your income situation. Most of them will give a hand you they don't want your house. Once the agreement is done, if they will do one, then you will have a better direction. If they won't do one after try to sell before they foreclose. If no mart then I'm afraid that they will foreclose. Since you recently file bankruptcy assuming you are on a plan or got discharged, and afterwards did the house (if you filed for bankruptcy after you did the loan your house is within an estate and it does not belong to you) any foreclosure of your home that does not generate enough money to pay for the debt can also head to garnishment of your wages after the judgement on a deficiency is reduced to the garnishment. I certainly hope that your lender will be okay given your circumstances.
Buena Suerte Source(s): http://www.realestateformnm.com
can you talk to your collapse lawyer? have you spoken next to them about any options pertaining to this forclosure?
that's the best bet.
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