Profile picture for gracey66

Home Owners,

Homeowners be educated about all your options before vacating your home, The banks are taking homes because the homeowner is not educated. We have families and a home is ones biggest asset..  Know your options and start making a difference, Help your self and help others. I'll tell you what I know.. Research, research.. Ive short saled my home of 16 years  in 2008, I was fortunate enough to purchase another before defaulting.. You can to.. Also If you have a home you cant aford, than lets fins someone that can and get you another... Stratagies and options their out their. Dont give up..  
  • November 04 2011 - Oakley
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Answers (3)

Profile picture for sunnyview
Sounds like you were able to buy and bail. Are you in a recourse state? That would be scary.
  • November 04 2011
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Profile picture for gracey66
Im sorry buy a bail? Recourse state? explain..
  • November 04 2011
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Profile picture for sunnyview
Do you have deficiency judgements in your state when you default on a home mortgage? Many states do and if they have those laws the old lender and your old mortgage obligation can follow you to the next house. Lenders can get a judgement and place a lien on your new house.
  • November 04 2011
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