Re: texas bad mortgage want out

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Posted by lily on April 15, 2003 at 20:46:22:

In Reply to: Re: texas bad mortgage want out posted by Bill H on April 15, 2003 at 20:17:43:

: If you are current and., the condo is worth more than the balance of the loan why not offer them a Deed in Lieu of Foreclosure. This is your way of telling them that you intend to walk away and it is in the best interest of all that they accept to avoid foreclosure, etc. They have the right to accept or reject the offer.

: Try and convince them that it is in their best interest as you no longer desire homeowership and have every intention of walking.

: Good Luck

: ---------->Bill

But can they come after my savings and personal property? What if the condo cannot sell?

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Comments:
: : If you are current and., the condo is worth more than the balance of the loan why not offer them a Deed in Lieu of Foreclosure.  This is your way of telling them that you intend to walk away and it is in the best interest of all that they accept to avoid foreclosure, etc. They have the right to accept or reject the offer.

: : Try and convince them that it is in their best interest as you no longer desire homeowership and have every intention of walking.   

: : Good Luck

: : ---------->Bill

: But can they come after my savings and personal property? What if the condo cannot sell? 


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