Real Estate Forums

Real Estate Investment This forum discusses all aspects of real estate investing, from initial research to working with your real estate investments once acquired

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 06-11-2006, 02:58 AM
Faith Faith is offline
New real estate webmaster
 
Join Date: Jun 2006
Posts: 5
Faith is on a distinguished road
Default Close to Foreclosure - What do I do?

I'm a new investor who was dragged into buying new homes and flipping it after. Unfortunately, after buying 2 high end homes...the flipping part didn't happen.
This is the month where I know I need to do something because I can't make my mortgage payment on my 2 investment.

1st - do I apply for hardship?
2nd- go foreclosure - deed in lieu
3rd-chapter 13?

what will happen to my credit?
I've never been late so this would be the 1st time. How should I market this house in California? The community is close to a million but I'm selling mine at least 200,000 less.
Please HELP!
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Real Estate Webmasters on Facebook

For our members

Main Sections

IDX Coverage Areas

You can find us at

Spiders Welcome

All times are GMT -7. The time now is 09:41 AM.


Powered by vBulletin®
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.