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Posted by mike on April 05, 2005 at 16:20:58:
In Reply to: How much time before the bank will foreclose posted by Kim on February 23, 2005 at 09:14:32:
: I have a house in CO that I owe 337,000. It has been on the market for 6 months. we moved to NC and purchased another house. After 6 months of paying two mortgages, we can simply not afford to continue the payment on the CO house. How long do I have to not make any payments until the bank starts foreclosure proceedures? And is it best if I just call and volunteer foreclosure?
You could also run an ad in apper for a owner financing fo the house with small downpayment. This willget you a tenant that pays rent which will cover the mortage and a small cashflow as well as not messing your credit. Another thing I read was a seller stating they would sell a house for 330 then advertising it for 350 and get a free fancy sports car. The sports car bought at a local car dealership for 10 making the sale of the house done quicker with more buyers seeing a new car as a bonus not seeing the 10K you profit from the sale and removing off your books.
I have been reading many websites and not done this so dont quote me on it just a story of success I came across and a creative to sell your house FAST
