Investment Properties In Trouble

Posted by Nikki on October 23, 2006 at 10:38:33:

I have a property that is going into foreclosure. I recieved the summons and now I have no clue as what to do. The building has no equity to my knowledge. I am gonna try and get an appraisal. The rents don't cover the mortgage and everyone is always late. I don't want to save it I just want out. The building is not in bad conidtion so a short sale may not be easy. I met with a attorney from some company, but I'm not sure they are out for my best interest and they are charging me before anything is even done. Does anyone have any advice for me. I'm scared as hell I have a condo I live in and three other properties. I had some financial problems and fell behind in evrything. My condo is the only thing half way paid on time. I need a honest foreclosure attorney or council that can reall advise me. I just want out and I don't wanna lose my home and everything else. Please help! What do I do?

Follow Ups:

• Re: Investment Properties In Trouble - Gina 16:22:17 11/12/06 (0)
• Re: Investment Properties In Trouble - Jim V 18:07:22 10/25/06 (0)

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Comments:
: I have a property that is going into foreclosure. I recieved the summons and now I have no clue as what to do. The building has no equity to my knowledge. I am gonna try and get an appraisal. The rents don't cover the mortgage and everyone is always late. I don't want to save it I just want out. The building is not in bad conidtion so a short sale may not be easy. I met with a attorney from some company, but I'm not sure they are out for my best interest and they are charging me before anything is even done. Does anyone have any advice for me. I'm scared as hell I have a condo I live in and three other properties. I had some financial problems and fell behind in evrything. My condo is the only thing half way paid on time. I need a honest foreclosure attorney or council that can reall advise me. I just want out and I don't wanna lose my home and everything else. Please help! What do I do?

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