Regions Mortgage, Foreclosure
Good afternoon. Is there a way to find out if a property that Regions Mortgage has going to foreclosure is in fact still going?? (tommorrow?) Thanks in advance for any help. Lisa
Good afternoon. Is there a way to find out if a property that Regions Mortgage has going to foreclosure is in fact still going?? (tommorrow?) Thanks in advance for any help. Lisa
you should call the attorney handling the sale for the mortg co; they'll know for sure.
No attorney listed on the page, just the trustee. I had a number for her but it is no longer correct. I did contact regions and they said they cannot give out that info.? Thanks. lisa
My advise would be to find an investor and sell to them subject to your existing mortgage. They will catch up your mortgage payments and put a paying renter in the property.
You might even be able to get a few dollars out of this.
You might contact a moderator of this forum for a referal to someone if you don't know of an investor.
Thank you, how much would you suggest I offer.
You actually expect to get money out of the deal?
You would be lucky to walk away from it with perhaps $1000, if somebody is that generous.
You have no equity in it.
What if I get an investor or myself offer a SS to the lender due to the fact that the house needs a lot of work.
If you are successful with a short sale be prepared to close very quickly. If this were my situation I would try to short sale it down to a %60-%70 LTV, get a hard money lender for the rehab money AND payoff money to lender, fix it up immediately and flip it retail. Good Luck!!