consequences of forclosure???????

Posted by belinda on November 22, 2004 at 13:36:25:

My husband and I bought a cute 2 bedroom home 8 years ago, and at that time it was a good neighborhood. Now it is awful. We have gangbangers, druggies, etc. in our neighborhood. One of them lives next door to us. They steal water from our front faucet, urinate in their yard, smoke pot in the front, etc. We have contacted the police numerous times, and nothing they do helps. The detectives have basically told my husband and I that if it bothers us that bad we should move. Well unfortunatley, we can not sell our home because it needs so much work, and we owe 42,000. Most of the homes in this neighborhood will not sell for more than 26,000 per two different agencies. So we are at a point that we just want out. I feel our safety is more important than having bad credit. We also went bankrupt in May. Can anyone please tell me what is involved in a foreclosure? Thank in advance!!! Belle

Follow Ups:

• Re: consequences of forclosure??????? - Janie 22:53:51 11/23/04 (0)
• Re: consequences of forclosure??????? - kingston 00:35:28 11/23/04 (0)

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: My husband and I bought a cute 2 bedroom home 8 years ago, and at that time it was a good neighborhood. Now it is awful. We have gangbangers, druggies, etc. in our neighborhood. One of them lives next door to us. They steal water from our front faucet, urinate in their yard, smoke pot in the front, etc. We have contacted the police numerous times, and nothing they do helps. The detectives have basically told my husband and I that if it bothers us that bad we should move. Well unfortunatley, we can not sell our home because it needs so much work, and we owe 42,000. Most of the homes in this neighborhood will not sell for more than 26,000 per two different agencies. So we are at a point that we just want out. I feel our safety is more important than having bad credit. We also went bankrupt in May. Can anyone please tell me what is involved in a foreclosure? Thank in advance!!! Belle


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