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I need to find an investor quick. Home foreclosed and will be evicted soon from home of 26 years. Got scammed by company saying they could help negotiate with my lender and next thing I knew, house was foreclosed. Obviously bad credit, but have good income. Need either to get mortgage or someone to buy home and lease to use with option to buy.
I need to find an investor quick. Home foreclosed and will be evicted soon from home of 26 years. Got scammed by company saying they could help negotiate with my lender and next thing I knew, house was foreclosed. Obviously bad credit, but have good income. Need either to get mortgage or someone to buy home and lease to use with option to buy.
Is there some reason the warning lights and sirens are going off in my head? I also have visions of . . . oh geeze, a flounder. I guess that means something smells fishy.
Is there some reason the warning lights and sirens are going off in my head? I also have visions of . . . oh geeze, a flounder. I guess that means something smells fishy.
Intriguing. I smell a dead fish perhaps. But nothing deceptive. Might even work. Not that the guy would ever actually buy the place back but he might be a very good long term tenant if you could acquire the place for a reasonable sum.
and where is foreclosure....each state is different with different laws....you may still be able to hold off for a little while longer to figure things out........just maybe.............
I've found from experience if at some point they didn't pay the bank or a past landlord, they probably won't pay me.
To the OP, if you have such good income, why were you behind on payments? Not trying to be mean, but I mean that as a legit question, because sometimes there are legit reasons.
Nota flounder....We just went through some tough times. Why else would this only be happening after 25 years of being in the same house?....We re-fi'd and then wham the housing market when tipsy turvy and then we owed more than we could on the house. Then we had one of those loans with interest increase where we had hoped to re-fi before it happened but because of loan value and house value couldn't. Then our loan was sold to a company who would not re-do, re-fi or anything except accept large lump payments plus wanting house payment + another half of a payment monthly (which had increased considerably due to interest increase). Making more money now because after 38 years I retired and came back part-time so have that extra part-time money. Anyway there is more to the story and not everyone is a "flounder". Instead of being critical Im hoping someone out there can help.
Last edited by Dias49; 12-12-2007 at 04:20 PM..
Reason: clarification
House can be purchased for a reasonable price. Mortgage co is willing to take offers and so far one considered offer was $60K under loan value and $100K under appraised value in 2005.
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when is foreclosure
