I am facing foreclosure next week. i need help to find a place to live. do i just look for a place to rent?
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Answer:
Foreclosure on a home or condo?
If it is a home that might have been out of your financial range and it got you into debt from a loan, or anything going on with it I think maybe you should find a cheap condo or I guess rent. Get your finances straightened out completely and get onto the road of better finance.
If it was a foreclosure on a condo from your mortgage payments or whatever it was, then definitely get a small apartment and like I previously said straighten out all of your finances. Don't look for homes or adjustable rate mortgages or the crazy sub-prime loans that look fantastic online. Always get a fixed rate loan so that the company can never start changing what you owe! Do a lot of financial researching on loans, interest rates, and your credit score. Never ever get a loan from a sub-prime because you will be drowning in debt and will NEVER be able to pay it off because majority of the time all your paying them is interest, and by the time your done for all you know you might be throwing an extra $100,000 to that company only for interest when you do the math correctly.
Each person is entitled to one free credit score statement each year by either transunion, equifax, or experian. Those are the 3 credit bureaus in the U.S. look at your credit score and look at what might be best for you. The higher your score, the better. If your score is going down into about the 600's or god forbid even lower, then forget about getting any loans because your interest rate could be 10% or higher. Just forget about loans for now or anytime soon and just get something to rent and definitely do some financial planning for your future.
I would say yes but before you do that have you checked your resources, I just logged off of foreclosures.com and there's a lot of interesting information that you could benefit from.
that would be one idea. Have they set the date of seizure? Did you try all of the options to stop the forclosure?
yes you should start looking for a place to rent
but if you can't find a place in time---you can stay at an extended stay hotel [they have kitchens] where you pay by the week or month
good luck
Did you try foreclosure service company? Sometimes they find investor to purchase your house and rent it to you but I am not sure if you have enough time to process it or not. As I heard sometimes they can find a proper investor even 3 days before foreclosure. If I were you I will check and call right away!
I can actually help you avoid foreclosure. I work in the mortgage business, and I have access to all the cash you need to get out of foreclosure and have some money left for other things, like living, finding a new job etc. Your credit score does not matter either, this is not FICO based, just real help for a probably desperate person.I can even legally repair your credit in only 30 days, so after that we can refinance and get you a better rate and a lower payment. I can close the problem in as little as 10 business days. But you need to contact me. Collin Jory mortgagecollin@sbcglobal.net
first of all, if you own your home, why can't you rent it to someone for a little more than your mortage payment and live in a trailer or something until you get back on your feet. Hang on to your property anyway you can. good luck, Michael
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