Do’s and Don’ts for Fending Off Foreclosure in the Ann Arbor Real Estate Market
There is still ways to keep your Ann Arbor home...
The Bankruptcy Adviser
By Justin Harelik
Bankrate.com
Even after your lender sends a default letter, there are still ways to keep your
house. There are also ways to make the situation worse, warns the Bankruptcy
Adviser.
7 possible do’s when foreclosure looms:
1. Sell the property.
2. Work out a deal.
3. Refinance with a subprime lender.
4. File Chapter 7 bankruptcy.
5. File Chapter 13 bankruptcy.
6. Short sale/deed in lieu of foreclosure.
7. Walk away from the house.
2 don’ts when foreclosure looms:
1. Signing over your property title to another
company.
2. Taking a high-interest second mortgage.
Click Here to view the article in it’s entirety, there is some good information that you may not know about.
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June 6th, 2008 at 12:48 pm
[...] from the Toth Team 12 Ways to Make Your Ann Arbor House a Money Making Machine Do’s and Don’ts for Fending Off Foreclosure in the Ann Arbor Real Estate Market Click here to search all listings in Michigan with pictures and tours -FREE! Kathy Toth and [...]
June 9th, 2008 at 11:46 am
[...] Links http://www.AnnArborShortSale.com Do’s and Don’ts for Fending Off Foreclosure in the Ann Arbor Real Estate Market Click here to search all listings in Michigan with pictures and tours -FREE! Kathy Toth and [...]