Re: Tx homeowner needs help w/4closure!

Posted by Lucinda on April 19, 2003 at 18:01:50:

In Reply to: Tx homeowner needs help w/4closure! posted by E.M. Ray on February 12, 2003 at 02:41:23:

Where is your home located? I'm looking in the Lake Lewisville area. What is the approx. value? What does your 40% comment mean?

: *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

Follow Ups:

Name    : 
E-Mail  : 
Subject : 

Comments:
: Where is your home located?  I'm looking in the Lake Lewisville area.  What is the approx. value?  What does your 40% comment mean?  

: 
: : *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


Optional Link URL : 
Link Title        :