What Are My Responsibilities After Foreclosure?
Due to a disastrous family situation, I believe that I will eventually have to let my home go into foreclosure. I am not behind in payments yet and am attempting to sell the house, but I will end up owing money or at least having to pay money into the sale in order to sell it, which I can't really afford. If I let it go into foreclosure, will I owe the bank any money if the house sells later for less than what I owe on it to the mortgage company? Will the mortgage company try and get money from me in some fashion and if so how? Thanks in advance, I really am struggling with this.
you should seek a preforeclosure short sale....
Contrary to what many people think, a loan need not be in default to qualify for a preforeclosure short sale...