Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

home taken do to foreclosure

Author Message
Icon Mini Profile pantojaluz





Joined: 27 Jan 2009

Posts: 1

1.32 Dollars($)
Post Posted: Tue Jan 27, 2009 6:31 pm    Post subject: home taken do to foreclosure
Like 0
Dislike 0

i lost my home due to forclosure. With all the rules there are know to re-purchase the same home is very difficult. my problem stared last year when i was in and out of works. i have been know with my employeer for 7 months and can afford mortgage payments. is there any way that the company that owns the home right know work out something for my family and I. I do not want to purchase any other house.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10164
Location: Nevada
944.24 Dollars($)
Post Posted: Tue Jan 27, 2009 8:35 pm    Post subject:
Like 0
Dislike 0

Hi pantojaluz,

As your home has been already foreclosed upon, I don't think you have much to do. But I would still suggest you to speak to the company that owns the property now and negotiate with them. Check out with them whether they are ready to work out something with you or not. However, let me tell you, it will be totally the company's discretion whether they will negotiate with you or not.

Thanks
Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor



Joined: 16 Sep 2005

Posts: 1609
Location: MASSACHUSETTS
150.97 Dollars($)
Post Posted: Wed Jan 28, 2009 3:17 am    Post subject:
Like 0
Dislike 0

Hi Pantojaluz,

There's the right of redemption which allows you to repurchase the same house. But there's a time limit within which you can do so. And this time limit varies from one state to another. How long has your home been in foreclosure? and in which state is the property located?

_________________
Know how to compare lenders with mortgage booklet
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.113 seconds.