My wife and I are in foreclosure and I'm currently unemployed, which is making it difficult for or mortgage company to get us remodified. We are looking for a solution to get out of our home and try to get some cash to move on, these past few months have been very trying and we are at our ropes end.
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If you have equity and your house needs no repair
get it listed asap!! FSBO if you must.
Or you could do a lease/purchase, bring your mortgage current and get some monthly cash flow until the tenant buys the place.
If you have no equity and need repairs it will be hard to walk away with any cash. You may have to short sale it.
Whatever you do, do it now!! Don't wait to take action.
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Is it possible to get a friend to do an assignment on it and try to sell it to an investor that way?
Assignments are always a possibility. However, to be successful, there has to be something for the investor to make money. While I know your situation is personal and you are asking for help; please always remember that the investment community is not the International Red Cross.
So here are some questions:
When did you buy the home?
What did you pay for it?
What year did you buy it?
How much money did you put down?
How much money did you borrow?
What is your house worth now?
Does it need repairs? If so, how much?
How does your home compare to other homes in your neighborhood?
Is there a lot of homes for sale in your neighborhood?
What is your mortgage balance today?
How much are you in arrears?
Are taxes and insurance paid through escrow?
If not, are you current on taxes and insurance?
How much is your monthly payment?
Do you have another place to move into?
What is your short term odds of finding a job?
If you can answer these short questions, I will give you some straight answers on some of your options. Please send those answers to me via the "Send PM" link and I will give you some information that can help you make a plan of action.
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Pm me. I have a few suggestions. I am also looking for properties in Florida. I look forward to hearing from you!
To get something you've NEVER HAD
DO something you've NEVER DONE.