I am facing foreclosure on 2 investment properties and my home should I consult a foreclosure att or bk att?
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Answer:
A BK atty would only just serve to postpone the inevitable. If you can't pay for the properties, you're not going to be able to keep them. Get them up for sale ASAP and price them to move. Use an agent that is experienced with short sales if that situation applies to you. It's going to be better on your credit if you get yourself out of your own mess than if you wind up with a BK and 3 foreclosures on your credit history.
Did you FLip FLop? Pay it off I know you would of not shared the profits so why should you default and mess up the mortgage banks.
Ask one of the Realtor on this broad or who sold you the homes as a investment, they said that all you ever do is make money with e state and God stop making land a long time ago.
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Contact a foreclosure attorney. There are numerous ways to delay any proceedings that can give you time to get out of your situation or negotiate with the lenders. There are also "hard money" lenders that can help you pay your debts current. These loans have much higher interest rates, but it is a way to keep your properties.
I would recommend contacting someone at http://scbuyshouses.com
They can work with your lenders and Stop foreclosure as well as save your credit from taking the hit from being actually foreclosed on.
The source website has info regarding foreclosure bailouts and hard money lenders. If you get a chance, fill out their free evaluation form and see if they can help. Good luck.
It really depends on what situation you are in.
If you want to keep the house, and you are out of all other options, then you may want to consult with a bankruptcy attorney and apply for protection under the law. Bankruptcy is really considered a last resort and an expensive alternative to setting up a repayment plan, but it could help you hold onto the property for a while longer. Don't consider bankruptcy without knowing that your payments go up dramatically, though, since you'll have to pay back the amount your behind, plus your regular mortgage payment, every month.
For a foreclosure attorney, you may want to take all of your current mortgage paperwork and correspondence from the lender's attorneys. The foreclosure attorney can review the documents and determine if anything has been done incorrectly, and potentially have the foreclosure process halted or postponed until the bank/lawyers have followed the applicable laws. This still doesn't present you with a long-term solution, but it might give you more time to find out what other options you have available to save your home from foreclosure.
I hope that explains things a little.
ForeclosureFish
http://www.foreclosurefish.com/...
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