Tx homeowner needs help w/4closure!
Posted by E.M. Ray on February 12, 2003 at 02:41:23:
*Foreclosure initiation has begun on my Denton County, TX home.*Current info. from Loss Mitigation/Homeowners Assistance Dept. is "File, Still in Review!" [Been in review for 2 mos. & long enough to receive foreclosure papers.]*March '03 reinstatement amount will be = $15,000.*Mortgage pymnt. now over 40%gross [income loss since house purchase]-should we request from lender a preforeclosure sale or ask for a deed-in-lieu? *[Selling in new development will be difficult- competing w/builders incentives, etc., blt. 2002 & appraisal over purchased price.]*Can we find someone to do a short sale or to keep our credit in tact, should we shoot for a repayment or modification, budget, & then list house? Much appreciation for any info, EMRay
