Home Heading To Foreclosure Quickly!
I need help. My investment property is heading into foreclosure and I dont want that on my credit report. I really dont want a bankruptcy on my credit report either but it looks as if that may be my only way out. I need to sell this property to try and save my credit that I have just spent 5 years rebuilding b/c of identity theft. The home has 2/3 br; 1ba; basement (unfinished); 1 car detached garage; I have put into it a brand new furnace, new piping throughout the home, and a new bath tub, sink, and toilet. Anyone that can help please respond.
You've already answered your own question..."I need to sell this property to try and save my credit"
So what is preventing you from selling?
[addsig]
I am having trouble selling it. I have been trying for a couple of months and now I'm at the point of no return. Any selling tips or do you know any investors that might be willing to buy it in Michigan.
For a property to sell, it must be properly priced, and sufficiently exposed to the market. In fact, a properly priced, and well exposed property should sell within 30 days.
If it doesn't... it's either overpriced, poorly exposed to the market, or both.
I put a for sale sign in front of it. I had an article in the newspaper. I've called a lot of those buy homes for cash guys. I dont know what else to do at this point. I was looking for what I owed on it but I would sell it for under that amount.
I also had 2 companies online post it on their website.
Try this ad!!!
Desperate!!! Must Sell Pending Foreclosure!!
All Reasonable Offers Considered.
Call Between 5 & 9 PM. Please no later than 9 PM>
Relax first, because it is only a house and not your life or even reflective of you as an individual. Next, find someone who knows how to handle pre-foreclosure sales.
They can negotiate a Short Sale with a Bank on a 1st, 2nd or more loans and still pay off your note. Make sure that they will negotiate with the lender(s) to not show the Short Sale as a negative on your credit or hold you liable for anything else. (This is typically done.)
Good-Luck! Make sure you advertise for them to call you & be totally honest with the investors to assure your deal won't fall through.
Ray
Have you tried listing it with a real estate broker?
How far behind are you on the payments?
Who is your lender?
I tried posting it on websites before. I am currently with Countrywide Home Loans who has been sticking me from the start and I am 4 months behind and in the pre-foreclosure phase of my home loan. I dont want a foreclosure on my credit report if I can help it. I want to sell the home just for the amount that I owed on it still and nothing more. I am at the point now where if I had an aggressive offer I would probably just take that and pay off the remaining balance.
Hi,
Is the home occupied? How much do you owe? How much is it worth? I have a program that might work. Do you want to keep the home or do you want to cash out?
E-mail me at **Please See My Profile** immediately.
Hey thanks for responding. Currently the home is not occupied. I owe about 63,000 and its worth about 65000. I dont want to keep the home I just want to cash out.