forclosure
Posted by Michelle on August 01, 2006 at 05:03:28:
In Reply to: help posted by derek on July 30, 2006 at 12:08:54:
Might I suggest you go to your local paper,look up "We buy homes for Cash", or Investors wanted, or anything suggesting they buy and sell homes in any condition. These are real estate investors. They can purchase your home for what you owe, some cases for more, and give you a few dollars in your pocket to find another place to live. I know its hard to get any good advise that youd "like to hear", but when your broke and stuck up againt the wall this is probably your best bet. But dont let anyone walk away without you getting enough to set you up somewhere else. They usually have about 5 thousand they can give you if your homes worth it to them. And it usually is about 90 persent of the time. Never walk away empty handed! If they're willing to make a deal then they can fork over a little more to get you going. What these investors do is pay off your loan, give you a little to make you happy and then put up to 3 thousand in fixing up some things in the home , and then they sell it for a profit. Its called flipping. Its actually a win win situation when you look at it from your credits point of view. They also pay your back owed mortgage payments.You'll have no closing cost or anything to pay out of pocket. They usually do it all right at your kitchen table so its no embarrising situation to you. Dont let what you've worked for forclosed on. Investors are there for a reason. If you dont have time for an agent to sell your home. Then start looking right away. Real estate investors are the easest people to find, and they can do it all in a matter of a couple of days, sometimes sooner. Good Luck to you, Michelle