I owe the bank more than it's worth my house payment ...

October 7, 2008
Category: Real Estate Tips

3601 Del Sol Way

Questions and answers from owners concerned;

P. My mortgage payment went up and I no longer afford to pay, as I can negotiate with the bank?

R. You are a candidate for short sale (short sale) can not refinance because the house has no gain (equity) and neither could sell because the low value and adjust the money to pay the debt, I can I put on the market less than you owe, the current value, accepting offers on condition that the bank approved to receive less money. Prepare the package for submission to the bank.

P. I need to put on short sale?

R. The most important check to the bank that can not but with payments
a letter explaining in detail your financial situation
taxes for the last two years
Pay stubs from last month

I have to check with ducumentos, that the house is worth less and now no one will pay for property that is owed

P. How will my house for sale a Realtor if I do I have to pay?

R. A bank pays us, I have to negotiate for you, you already pay nothing if not reached an agreement with the bank, I do not pay

P. My credit is damaged with a short sale?

R. If credit is damaged with any late payment, not necessarily from home can be also with credit cards, to send any payment late, points down.

P. I want to stay on the street, buy my house with great enthusiasm, I can negotiate with the bank without atrazarme with payments?

R. Unfortunately NO! (One in a million) the banks will not make the case if you are current on their payments, it is something I do not fit on the head and fills me with rage, they only deign to talk to you when they are not receiving the money they worked so hard for you to win. Until then we propose negotiations Ridiculous!!

P. I have understood that there are loans 15, 20, 30 to 40 years. The interest they charge you for a loan of 20 years is equal to the interest they charge for a 40?

R. Not just in one of 40 years is higher because they take longer to recover their money, including shorter time, lower the interest, and also depends on the person's credit (FICO score) if it is credit mortgage because credit cards are very abusive've seen up to 25% total rip off!

If you have further questions, feel I can make them with confidence

Or if you want to buy your house, call me now!

The Golden Team

Graciella Valley

This entry was posted on Tuesday, October 7th, 2008 at 11:34 pm and is filed under Real Estate Tips . You can follow responses to this entry Any-through the RSS 2.0 feed. You can leave a response , or trackback from your own site.