Foreclosure
Is Bankruptcy a Better Option Than Strategic Default?
Declaring bankruptcy is an option to help underwater homeowners. When in default you can consider a strategic bankruptcy. Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn’t …
Short Sale or Foreclosure Options for Rental Properties
Q: We own a home in Georgia, but due to a job change, my husband moved out of state and took a large pay cut. I stayed in the home for a year after he moved and we depleted our …
How To Find A Foreclosed Home
Q: I am a real estate agent in Georgia and I live in Roswell. I sold my home very quickly and am looking for a home under $300,000 in this area. I have made five offers in the last two …
Bankruptcy Cancels Debt Not Mortgage
Bankruptcy may cancel your debts and obligations, but secured lenders keep their debts alive in their mortgages and foreclosures may continue. Q: Due to my cancer diagnosis, and subsequent expenses, my wife and I filed bankruptcy in 2010. Just a …
Complaint Against Banks And Foreclosure Reviews
You may want to file a complaint with the OCC if your bank has wronged you, but you may also be entitled to a foreclosure review. We received yet another email from a woman who has been trying to keep her house …
Buying Foreclosed Homes And Getting to Closing
You might have succeeded in buying a foreclosed home, you’ll need to get the bank’s attention to get tot he closing table. Q: I am buying a foreclosed home from a bank in Georgia. I am paying cash for the …
Investing In Real Estate With Friend Leads To Problems
If you invest in real estate with friends or relatives, plan ahead. Otherwise, you may find yourself deep with problems when money is short or disagreements arise. Q: My friend and I bought a single family house to make some …
Buying a Foreclosed Or Short Sale Home
Buying a foreclosed or short sale home when you are downsizing. Q: We would like to down-size and are looking at a community with a lot of short-sales and foreclosures. Is there anyway to lessen the expected protracted period of …
Short Sale Fraud In The Sale Of Home
Short sale fraud is possible when a seller decides to sell his home with the intent to keep it for himself by using a quitclaim deed. Q: My brother is in foreclosure on his house. He is trying to get …
Underwater Mortgage May Lead to Strategic Default
Can honor ever exist in a strategic default or foreclosure when you have an underwater mortgage? Q: My wife has a home that we currently live in that she purchased back in 2003. We find ourselves in a place where …
