Divorce Support Forums: $ Gift From My Parents / Kicked him out of house

Divorce Support Forums: $ Gift From My Parents / Kicked him out of house

The Property Division Handbook

The Property Division Handbook ($27.50)

This book will focus on the rights each spouse has under certain laws, situations, and circumstances, and how the division of the property will be decided by the court or through negotiation.

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gigi
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Reged: 11/06/06
Posts: 5158

Re: $ Gift From My Parents / Kicked him out of house
06/23/08 01:30 PM (68.110.66.68)

I've seen mor ethan one person do this recently, the short sale thing. It works better if you're not paying the mortgage. I had one friend try to re-fi out from under an unbelievably bad mortgage deal and they refused to let her becasue she was still able to afford the mortgage. In a week, when the thing re-adjusts up again, it's going to be impossible for her to pay so she's goign to have to do the short sale thing or let them foreclose. VERY short-sighted on the part of her lending company not to convert it to a fixed rate as she had asked... because they're going to now have all the costs of yet one more foreclosure or short sale on thier record.

And it seems they're becoming more and more iwlling to do the short sale thing as time goes on. JUST becasue of the current mortgage crisis.

Good luck.

Difference in strategy between short sale and foreclosure really seems to be that in order to save your credit with the short sale option, you need to keep the hous enice & clean and show it just like you were selling it for a profit. If you can get someone to agree to buy it... it's a great idea and definitely worth the trouble of keeping it looking nice & ready for sale!

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Subject	Posted by	Posted on
$ Gift From My Parents / Kicked him out of house	HeLeftMe	06/21/08 11:02 PM
Re: $ Gift From My Parents / Kicked him out of house	stoltz	06/23/08 01:06 PM
Re: $ Gift From My Parents / Kicked him out of house	gigi	06/23/08 01:30 PM
Re: $ Gift From My Parents / Kicked him out of house	stoltz	06/23/08 01:53 PM
Re: $ Gift From My Parents / Kicked him out of house	gigi	06/22/08 12:52 AM
Re: $ Gift From My Parents / Kicked him out of house	HeLeftMe	06/22/08 08:11 AM
Re: $ Gift From My Parents / Kicked him out of house	gigi	06/22/08 03:12 PM
Re: $ Gift From My Parents / Kicked him out of house	Jada	06/22/08 01:01 AM
Re: $ Gift From My Parents / Kicked him out of house	gigi	06/22/08 01:42 AM

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