My home was sold in the sherif sale on August 16th. I have a six month redemption period. The total oweing is 124201.00 and my home value is about 150000.00. I have bad credit and chapter 7 in 2000. my score is 551. Can anyone help me?
Is there any loans after a house has been to the sheriff sale? ?
29
May
laksh
May 29, 2010 at 7:28 am
Can’t you able to sell the house?
Matt J
May 29, 2010 at 7:56 am
You loan to value is a little high. What state are you in? If you can contact me tomorrow I may have some options.
http://www.diversifiedlender.com
Rob W
May 29, 2010 at 8:43 am
I would say you need a hard money lender.
and NO, his name isnt Guido.
Do a search online for one
rallyforcause
May 29, 2010 at 9:24 am
call around to investors to see if they are willing to do a lease with option to buy, Alot of investors are willing to Purchase your home, Lease it to you for a period of time, then sell in back to you for a fee. Pros = you don’t have to move and you could possible keep your house. Cons = if you don’t live up to the conract the investor gets to keep your house + equity (same position your in now) Note: beware of the fine print, contact a Real Estate laywer to look over it to make sure its on your terms, allow yourself time to get back on your feet (2yrs) and make sure your not responsible for closing cost! You can try to call someone about refinancing, but they can drag it out forever shuffling paper work from desk to desk, just to tell you NO, then your out of time to do anything about it