Say I have a mortgage for $300K.
the house is worth $200K according to several online resources like zillows and such averaged.
I am unemployeed and can not pay my mortgage anymore than my car payment. What are my options?
How does $100K that has depreciated figure get resolved?
Lost soul need help…
Bank says if they forclose I have to pay them back the difference between sale price and mortgage amount. I’m being told this is false. What are the rules in Illinois?
Bank says if they forclose I have to pay them back the difference between sale price and mortgage amount. I’m being told this is false. What are the rules in Illinois?
I lost my job 12/05/08. My boss said it was due to the economy. Since then I have paid my mortgage once and I can’t afford to pay it anymore, unless I want to give up electricity, heating oil, water, sewer and water, I’m going nuts and the stres isn’t helping my health. Does anyone have any advice to help me out?
Bank says if they forclose I have to pay them back the difference between sale price and mortgage amount. I’m being told this is false. What are the rules in Illinois?
How does it work? If the value of the home is $200k, What is the average price you would get the forcloseure price?
my father have a mortgage loan from Allahabad Bank since 2000.he got a loan Rs.2lacs for years.He was an employee in a private company,but since last 11 months he was left from his job, now he is about 53years & totally unemployed.for this reason we’re completely unable to pay the EMI to the bank for last 9 months, now we’ve nothing to give to the bank.If this situation will going on, then what will happen with us.Will bank force to leave the house?
How does it work? If the value of the home is $200k, What is the average price you would get the forcloseure price?
I currently owe 60000.00 on my original mortgage loan and 25000.00 on my home equity loan the 2 are from different financial institutions.My home was used of course as collateral for the equity loan,what happens to my house if im current on the mortgage but maybe defaulting soon on the equity loan???
1- what are the basic knowledge to start buying real estate and where can I got it
2- what kind of property is the best to start from the scratch on real estate(houses,department,restaurant,land…
thanks in advance
3- should I get bank loan?