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Short Sale or Deed in Leiu of Foreclosure

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Icon Mini Profile Tropicalbreezzes





Joined: 11 Dec 2009

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Post Posted: Fri Dec 11, 2009 2:22 pm    Post subject: Short Sale or Deed in Leiu of Foreclosure
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I bought a vacant lot in 2005 for 42,000 for investment only on a interest only mortgage which in april 2010 turns into a adj rate mortgage..It was tax accessed at 13,500 in 2008 and 4,000 in 2009...I have missed 3 payments on this so far..I had called the bank in early june abour refinancing..but they do not do vacant lots...I have a short sale offer of 3,000...say the bank accepts this..will i still be responsible for the remaining diff if they accept the offer for the short sale..or should i go for the deed in leiu forclosure route...I do not own any other property..i rent an apt..my fica score in aug was 870..I live in Fl..please tell me what you think..Thanks
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Post Posted: Fri Dec 11, 2009 3:11 pm    Post subject:
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You MAY be responsible. Call the bank. Meanwhile, where is this property located?
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Icon Mini Profile Tropicalbreezzes





Joined: 11 Dec 2009

Posts: 3

1.74 Dollars($)
Post Posted: Fri Dec 11, 2009 3:14 pm    Post subject: short sale of deed in leiu of foreclosure
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It is located on the west coast of fl..ft myers area should i hire a lawyer?
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Post Posted: Fri Dec 11, 2009 11:37 pm    Post subject: Restrictive halt of Working underneath age change making tip
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convention hall every ditty

I am tickled to be here at this view. It's a courteous home to be.
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