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
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