After effects of a foreclosure - WI

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Posted by Lori on September 29, 2004 at 09:02:16:

I live in Wisconsin and my sister's home is going into the foreclosure process. We are living in the house now but can't afford the up keep anymore. We are behind in the taxes, and waiting for something else major to happen to the house. The house needs work, and I don't think we can sell the house and make enough to pay off the loan. I know that credit ratings are affected. Is there any other reprecussions like there is with a car repossession? If we don't fight the foreclosure and we can't find someone to buy the house, once the foreclosure happens it that the end of it?

Follow Ups:

• Re: After effects of a foreclosure - WI - yawni 04:07:30 10/06/04 (0)

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: I live in Wisconsin and my sister's home is going into the foreclosure process.  We are living in the house now but can't afford the up keep anymore.  We are behind in the taxes, and waiting for something else major to happen to the house.  The house needs work, and I don't think we can sell the house and make enough to pay off the loan.  I know that credit ratings are affected.  Is there any other reprecussions like there is with a car repossession?  If we don't fight the foreclosure and we can't find someone to buy the house, once the foreclosure happens it that the end of it?


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