 I rent and the owner of the house has lost the home to foreclosure.? |
| I rent and the owner of the home I rent has lost the house to foreclosure I am being told that I have 30 days to vacate. Does anyone know what I can do to have more time?... |
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 Should I offer more than the asking price when buying a house? |
I had an agent tell me that I should offer more than the asking price. I don't really understand why. She said that would actually help me. Any real estate professionals who can answer this?
<... |
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 Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? |
I live in Southern California and I'm planning to put my house for sale soon. I saw this add in front of a house that's for sale in my neighborhood.
HOME SELLERS
Don&... |
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 .how can i sell my neibors house? |
| ya like when he's on vacation how can i sell all his stuff and just move him ... |
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 Is it a sign of wealth to have a vacation home down the shore? even if it's small? |
I recently inherited a bit of money with my older brother, we're 23 and 26, we used the money to buy a small, one bedroom condo down the jersey shore for about 300k.
ever since ... |
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 Has my girlfriend a claim on my house? |
| my Girlfriend has been living with me in my house for 5 years. The relationship is all but dead. She has her own house which she rents out, and the rent she recieves pays her mortgage with about £12... |
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 My cousin rents a house and? |
| He doesn't have any heat in his house. He doesn't have any kind of heat. He lives there with his 4 kids. I give him a free space heather, when he came over for Thanksgiving break. Does ... |
|
 What is equity? |
| Is something where you are paying the mortage and the money you are paying in interests? VERY Confused!... |
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| Can I really hurt my credit? |
| I moved in to an apartment and signed a 1 yr contract, and now I want to move out but there is still abt 8 months left on the contract. If I just leave and notify the management that I left can it ... |
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 Do You Think The Multiple Listing Service should be REQUIRED to Let Anyone List Their Home? |
| If they pay a reasonable fee? Otherwise the MLS is just a price-fixing anti-trust setup. It's time for a change to the Real Estate Scam!... |
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 What does it mean when land can't be perked? |
| Myself and my husband was going to buy land but the ower said it could'nt be perked,what does that mean? ... |
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 I want to sell my house.? |
| I want to sell my house that I bought with a friend 6 years ago. He claims he can't or won't sell. We both pay equal amounts on the mortgage (under his name) and both names are on the deed ... |
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 Do realtors get a comission from refering a client to a mortgage company? |
| my realtor referred me to a mortgage company, to a specific guy and she keeps pushing me to use him. Does she make money off of him if I take out a mortgage with that particular company?... |
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 Is it still considered a bedroom if theres no closet???? |
| Im trying to convert a partially converted garage into our master bedroom with a bath. The size of the room is 20X11. the new bath would be 6X11, leaving the bedroom at 14X11 which seems large enough ... |
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 What are the ways in which one could repair their credit score, so that they may buy their first home? |
| I have had a lot of stupid things which have ruined my credit, mostly medical bills, and I know my credit is really pretty horrible. I have a family, and I have the money to put down get into my ... |
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 I am going to sue my landlord for forced eviction...anyone have any advice? |
| My landlord has been horrible. The apartment I lived in was overgrown with mold, unbeknownst to me upon moving in, and when I informed her of the situation she painted over it ,which does nothing to ... |
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 Should I buy this house? |
| The house is located in a neighborhood that I really like. It's a single family home, English tudor, 1931, beautiful lot, but questionable electric work, filthy 1970s kitchen, 2 1/2 baths, but ... |
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rpsnow2004 | Is it possible to surrender your property to the mortgage company? |
I'm from the UK. I would like to move quickly, but can't sell my house in time. One option is to surrender the property. Is this possible or legal? |
 |
 
cliveyboyuk
 |
Hi,
It is unlikely that your Mortgage lender will want to take voluntary repossession of your property. This normally only follows if arrears have accumulated. Also it would not leave you with a good credit rating with them and these organisations do share information.
From the sound of your question I do not think you would achieve your objective, even if they said YES (which they will not) as moving quickly infers that you wish to get your capital out to move on but once in possession interest will continue to accrue and you will receive no money from the lender until after they have sold your property.
If its speed and the proceeds from your house you are after then try lowering your sale price (if you do have it on the market).
Also speak to your lender they will (hopefully) give you some advise.
Good luck |
|
jed slade
 |
They will sell the property for what they can get in a quick auction/sale and you will still be liable for the shortfall if any. |
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Trish
|
In the U.S. it is possible and legal. This doesn't necessarily mean forclosure. In some cases it can even be a clean wash (so to speak).
Have you considered putting you house up for auction?
Good luck to you!!
;o) Trish ~ |
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Gary K
|
Yes...that is called Foreclosure |
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Toasty the Baby Seal
|
Shouldn't be a problem but it would be a little easier if you lived in France.. |
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Bigpathome
 |
Please don't surrender your mortgage just to be able to move quickly - the legal costs will be phenominal. Just contact one of the Sell and buy back companies, but make sure that you choose one that gives you the best price for your house.
I can thoroughly recommend Sell to Stay as a company that will give you 80% of the market value of your house in a very short space of time - they have bought properties in under 14 days in the past!
Give then a look at http://www.sell2stay.com
Best of luck Bigpathome. |
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kemperk
 |
it is legal but it does not automatically
absolve you of debt..it simply means
the lender does not have to go to
court to get the property back
[as I have written on this topic,
many times, it is desireable to
install a home based business
to pay for the mortgage!] |
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Mr. Desmond
|
i am not sure but if it was then i am sure it will be difficult to take out a mortgage again |
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Sam
 |
Yes. It is called IN LIEU OF FORECLOSURE. There are a few circumstances which need to be present in order to do this. One of them is ..... you can only have 1 mortgage on the property. Call your mortgage company and talk with them about your circumstances. Good Luck!!!! |
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CEE BEE
|
Hi there
Don't surrender, this will come back to haunt you, your better off listing the property with a Realtor, give them a number were you can be reached or visa verse. The contents can also be listed if you don't want them, and can be used as a bargaining chip in the price.
Your now able to think clearly, and respond to the agent when your up to it.
Regards,
Carl Blagrove |
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