We are also looking for Investors that are Interested in Buying properties at discount prices, Please go to the contact page and leave us a message on what kind of properties your looking to invest in and in What state.
That said, a foreclosure in your credit report is typically looked at by lenders as very negative. It may not be as bad as bankruptcy, but not paying your mortgage and losing your house is very close. ... A foreclosure remains on your credit report seven years, so it will have a long-term effect on our creditworthiness.
Non-recourse mortgage states. ... The lesson to be learned is that if you owe more on your mortgage than your house is worth and the property is in a state that allows lenders to seek deficiency judgments, you may still owe money even after foreclosure.
You can sell your home up until it is sold at auction or the bank takes possession of your house. ... One way to avoid foreclosure is to sell your home (with the help of an experienced Company) and net enough to pay off everything you owe the lender, including back mortgage payments, penalties, and fees.
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