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What Happens in Foreclosure |
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after early retirement 3 years ago I wanted to sell the house and move to a smaller home,my wife refused ,I finally moved out last month. We owe $10,000 on a house that has been aprased at $345,000, if I stop paying the mortage and the bank forcloses will I get anything afterwards? I am getting different advice from realators and lawyers.
being we are not devorced I am not sending my wife any money and can not maintain two homes.this was the only way I could get her to list the house,however in this market we I think it may take 3/4 month to get a buyer and close. |
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For heaven's sake, don't let the lender go to foreclosure over a $10,000 mortgage. You'll ruin your credit rating and you'll lose a great deal of money. Make the monthly payments yourself directly to the lender. And follow your own lawyer's advice. |
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Edith
Originally published on August 18, 2007 |
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