From the category archives:

recession

Should I foreclose on a bad loan or use my inheritance. I am 57, wife is 56?

March 10, 2010


I will lose my job if I walk away. My loan to value is out of whack. My brother says my inheritance is making a lot of money. Just rent an apartment. I have many years of making money left and I hope real estate in California goes back up. I just feel like I am buying air if I use my inheritance money to pay off my second but I know I will be keeping my integrity. My brother says walk away because my inheritance will gain more money. California friends say that my house will gain in value again and be more than my inheritance.

Sell and Rent Back

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Did you know that people who get foreclosed are rejected from renting an apartment?

It goes on the experian, trw and equifax sheets as “foreclose” and they reject renting to such people. That really adds some serious injury to insult. I have investigated this and, trust me, it is very true. This economic diaster has so many bad unintended consequences. No help from congress or the white. they are [...]

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Can I lease this apartment?

I have been checking out an apartment for a great deal and decided to sign the lease. However, the landlord needed to run a credit check first. I went by to check it out again today and on the door I see a foreclosure notice saying the owner owed $4,200 within the next 30 days [...]

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What are tenants rights in apartment building forclosure/bankruptcy?

What rights do tenants have in NJ when the owner of the apartment building they live in forecloses and settles in bankruptcy? Building is run by a management company telling us there is no more money to fix anything. That they want us out. They said if the lights and electric go out they will [...]

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How do You help out a family member with bad credit without screwing yourself?

Okay here it is, my Mom was living in property owned by my uncle. The property was a fixer upper, so he wouldnt had a chance renting it out to other than family. She missed payments here and there for rent and soon after the property got foreclosed.She is now looking for an apartment. So [...]

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What happens if an apartment complex forecloses?

A female friend of mine’s apartment complex apparently has gone into foreclosure & the landlord seems not surprisingly to have disappeared so what might happen now to the residents? After all it’s not there faults the complex failed.Sell and Rent Back

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The apartment I am renting is being foreclosed on Nov 28, and the landlord hasnt said anything. Advice?

I just started renting an apartment 3 days ago, and yesterday an attorney came to my door and gave me a notice stating that the house will be foreclosed on Nov 28. The landlord hasnt said anything to me about this. Also, i do know that there is a company wanting to buy the property [...]

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What kind of rights do I have when my apartment complex is foreclosed because my landlord did not pay mortgage?

I live in an apartment complex and we got a letter in the mail stating that the complex is going into foreclosure due to landlord failing to pay mortgage. I have never been late on my monthly payments. I have paid cash to my landlord as he demanded. I don’t know what kind of rights [...]

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How long does it take to go through bankruptcy when you are foreclosed on your mortgage?

How long does it take and what procedures does one who is being foreclosed on have to go through to get back in the game of buying necessities and downsizing to an older vehicle and finding an apartment and the like? We have had record foreclosures and I think their funds are tied [...]

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How do I find foreclosures specifically for multi-unit apartments?

Most foreclosure websites tend to focus on foreclosed homes, but what about foreclosured apartment buildings? Thanks in advance for for any ideas or direction you may have.Repossession

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