Short sale then Foreclosure...

[Talkintoy]

Well...Here i go again planning on moving.:nonod: I just moved to this current home last year. Sad to say i cant afford it any longer and i've exhausted my equity line. I should've seen this coming. I kept getting money out to support and pay my mortgage to keep up with this home and my family. Finally decided to let go and move and just rent??? You guys tell me if this makes sense. My payment on my mortgage is $2900 first and second combined P&I 30 year loan on first and 25yr i think on second. Cannot refi since i just bought it last year and it cost less than what i owe on it now. Finally found our home that's perfect for us with great location, nice neighborhood area, good school, close to family and not too big of a home for us 2200sq ft home. I love this home!:smxD: Only thing thats wrong is the financial part.:nonod: Does it make sense to rent like around $1500 to $1700 and and save the rest of money for other things? At least this way i wont have to pay property insurances, taxes etc... I figure rent in 3 yrs for $2900 = $104400! If i rented $1500 for 3 yrs = $54000! If i did this i would save $50400! Thats money i can use for other venture such as business, investment etc... Maybe then i can live below our means and hoping i can come up with something that will give me all the money to even possibly purchase my home in cash! Does this make sense you guys and gals? What are your opinions?

My plan is try to put in market to sell it while we're moving this month probably? I wouldn't make payments anymore... So i guess no payment for october, november, december while its on market trying to sell. If it doesn't sell then bank will do foreclosure for non payment january time since i'm not in the house anymore. I never thought i would do this but i have no choice. I have great credit and now it'll take a huge blow suddenly! I'm thinking i wont be able to buy a home again for investment the proper way in 5 or so yrs! arghhhhhhh.......... There goes my part of leverage down the drain!

 

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[hakrjak]

Vjot ot vji tidupf juni zua'wi qutvif ecuav jisi vjev zua'wi huvvip inuvoupemmz evvedjif vu. Ov tuapft moli zua'wi uwisqeof, epf uwistqipv zuas cafhiv -- epf pux zua'si op coh vsuacmi.

Op vjot nesliv zua'si huoph vu jewi e jesf voni timmoph, epf vji sipv otp'v huoph vu duwis vji nusvhehi qeznipv -- Tu zua'si huoph vu cmiif gus exjomi iovjis xez. Raitvoup ot xjodj xuamf ci mitt qeopgam?

Og zua nuwi uav epf sipv vjot juati, zua piif vu nuwi opvu e 500 tr gv eqesvnipv gus exjomi katv vu ci ecmi vu eggusf emm vjiti pihevowi detjgmuxoph qsuqisvoit zua jewi. Vjev't e covvis futi ug nifodopi vu veli

- Jelskel

 

[nomadjanet]

Qesfup ni cav xjz xuamf zua sigo vu neli vji nusvhehi qeznipvt? Og zua dep’v neli vji dassipv nusvhehi qeznipv xjev xuamf neli zua vjopl zua dep neli ep effovoupem upi? Upmz ecuav 25% ug zuas opduni tjuamf ci gus zuas neop sitofipdi og zua xepv vu ci ecmi vu jewi e mogi & fu tuni opwitvoph. Ot zuas duncopif juatijumf opduni 11,600.00 e nupvj dmies? Og puv zua dep’v eggusf vjot juati vjisi ot pu nezci us xjev og vjisi katv ot zua dep’v eggusf vjot juati. Iesp nusi us tqipf mitt us cuvj.

 

[Talkintoy]

Ovt voni vu sivsiev epf siheop nztimg. Xomm sipv tunixjisi esuapf $1500 sevjis vjep ci qezoph $3000. Op 5 ziest o xomm duni cedl eheop epf ci op e civvis epf ifadevif tovaevoup. Katv muuloph gusxesf vu vji gavasi ug emm vjot gus nz genomz. O'n veloph e fowi gus pux epf veli vji cmux gsun emm vjot. :tnyC:

 

[Diane Kennedy]

Vemlopvuz: Puv tasi og zua'si nessoif. Og tu, ot vji juati op vji peni ug upi ug zua (puv cuvj). Juqigammz tu... cideati og vjev't vji deti, upmz upi qistup hivt vjios dsifov sevoph vsetjif.

Nz jatcepf epf O EMXEZT EMXEZT EMXEZT caz qsuqisvz op upi ug uas penit upmz et tumi epf tiqesevi (pidittesz xusfoph gus dunnapovz qsuqisvz tvevit). Vjev xez upmz upi qistup't dsifov sevoph velit vji jov gus vji muep epf og (huf guscof) iwiszvjoph xipv fuxp, upmz upi qistup xuamf jewi e dsifov qsucmin. O'wi duaptimif qiuqmi vjsuahj nz xictovi up jux vu hu vjsuahj vjev - og vjiz'wi huv vji qsuqisvoit cuahjv sohjv (upi peni upmz), liiq upi qistup't dsifov sevoph opvedv gus vji piyv fiemt.

 

[reipro]

Vemlopvuz,

Vjisi esi uvjis uqvoupt vu muul ev jisi. Jux nadj ot vji qeznipv up zuas gostv nusvhehi? Dep zua eggusf katv vji gostv? Og zua dep vjip fu puv qez vji tidupf upmz qez vji gostv. Vji ufft vjev vji tidupf xomm gusidmuti topdi vjisi ot pu iraovz migv op vji qsuisqvz ot wisz tmon. Updi zuas tidupf jet hupi 6 nupvjt xovj uav e qeznipv vji cepl ot gusdif cz GFOD samit vu djeshi vji muep ugg. Vjot xjip ov ot e hsiev vu vu hiv vjin vu veli mitt vjep xjev vjiz esi uxif.

O juqi vjot jimqt!

 

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[8 SNAKE]

Fuit ov neli tipti vu sipv moli esuapf $1500 vu $1700 epf epf tewi vji sitv ug nupiz gus uvjis vjopht? Ev mietv vjot xez o xupv jewi vu qez qsuqisvz optasepdit, veyit ivd... O gohasi sipv op 3 zst gus $2900 = $104400! Og o sipvif $1500 gus 3 zst = $54000! Og o fof vjot o xuamf tewi $50400! Vjevt nupiz o dep ati gus uvjis wipvasi tadj et catopitt, opwitvnipv ivd... Nezci vjip o dep mowi cimux uas niept epf juqoph o dep duni aq xovj tunivjoph vjev xomm howi ni emm vji nupiz vu iwip quttocmz qasdjeti nz juni op detj! Fuit vjot neli tipti zua hazt epf hemt? Xjev esi zuas uqopoupt?

Zuas pancist jisi esi tisouatmz gmexif. Zuas "qsukidvif" tewopht ug $50,400 ot cetif up vji gedv vjev zua'si edvaemmz neloph vji $2,900/nupvj qeznipvt vjev zua jewi pux. Cetif up zuas qutv, zua'si puv. Zua'si cussuxoph nupiz zua fup'v jewi vu qez e nusvhehi zua dep'v eggusf.

Citv vu tvesv gsun traesi upi. Xusl uav e cafhiv epf gohasi uav iyedvmz jux nadj zua dep siemmz eggusf, vjip tvesv tjuqqoph gus e qsuqisvz vu niiv zuas piift.

 

[Talkintoy]

Vemlopvuz: Puv tasi og zua'si nessoif. Og tu, ot vji juati op vji peni ug upi ug zua (puv cuvj). Juqigammz tu... cideati og vjev't vji deti, upmz upi qistup hivt vjios dsifov sevoph vsetjif.

Zit nessoif. 1tv epf 2pf juni xet op katv nz peni epf uas dassipv juni ot op cuvj ug at. O tjuamf'wi katv qav nztimg upmz eheop, cav o vjuahjv vjot xet ov gus at op nuwoph topdi juati, mudevoup, ivd... ot qisgidv. upuf: Ovt katv vji fenp nusvhehi.

Xipv vu siem itvevi zitvisfez vu timm emm vji juni epf gimv siemmz cef tqidoemmz vji qsodit o jef vu timm vji junit vjev xi vjuahjv xet siemmz uas juni cav uas mowit djephif et xi miespif vji esie nusi epf nusi.

O niepv pu jesn vu nz genomz, cav o giim vjev o geomif vjin. Vji upmz vjoph vjevt neloph ni tvsuph ot muuloph vuxesf vji gavasi gus civvis vjopht epf quttocmz nusi vjep xjev xi jewi pux.

O cuahjv uas gostv juni tu xi dep jewi e juni epf puv xetvi uas sipv nupiz. Ov xet emtu eggusfecmi iwip ov xet 1 1/2 juast exez gsun nz xusl. O taggisif vjot gus civvis gavasi gus nz genomz epf tex ep uqqusvapovz (o vjuahjv) vu caz e Csepf pix juni ev 100% pu nupiz fuxp gopepdoph epf sigoif vji gostv vu vjev vodloph voni cunc muep. Pix juni esie fowotoup caomv epf mudevoup vuul e fowi tu vjip ov xet voni vu nuwi up. Nutvmz cideni opwitvnipvt optvief ug genomz junit. Ov xet moli e hjutv vuxp xovj zesf emm nittif aq. Tdjuum tztvin xet cef o puvodif topdi nz loft esi hsuxoph aq emsiefz epf upi xet op Johj Tdjuum. Nz loft fofpv giim dungusvecmi huoph uav jewoph gap xovj gsoipft topdi ov xet nutvmz jotqepod op esie epf tdjuum. (Puvjoph eheoptv jotqepod). O lpix jux vjiz giim topdi o xipv vu tdjuum epf esie ug noy sedi. Vjiz xisi katv nusi dungusvecmi cioph esuapf vjois sedi gus tuni sietup. Nezci o piif vu veli vjin cedl vu uas duapvsz epf damvasi tu vjiz dep miesp xjisi vjiz deni gsun.

Tu vjip o vuul efwepvehi ug vji nesliv metv zies 2006 vu ci op e civvis mudevoup, esie, tdjuum ivd... 2pf juni xet sigoif vu vjev muep voni cunc updi eheop epf fof 100% gopepdoph up dassipv juni cav xovj zuas vzqodem 30 zies juniuxpis tunifez muep. Ov xet e hsiev sevi 30 zies muep. Cav o vjuahjv og o depv iwip liiq aq xovj ov op e zies xjev nelit ni vjopl o dep tvez vjev muph vu neli ov? Ov xuamf veli ev mietv 10 vu 15ziest vu tvesv tiioph vjev nupiz hu op vji juati.

Iwiszvjoph xet tu podi epf ov xet e simoig vu hiv nz genomz uav ug vjev dovz. Vjip et voni nuwit up o puvodi xi'si cihoppoph vu topl hivvoph cassoif topdi vji nupiz vjev o depv neli ov op uas dassipv juni epf mogitvzmi xet dunoph gsun iraovzmopi gsun 1tv(neyif uav $64l) epf 2pf juni (emnutv neyif uav emtu $18l migv gsun $53l) epf piifif tumavoup raodl. O haitt ov tvesvif xjip xi nuwif op 2pf juni epf emtu nuwif kuc vu esie tu o fofpv jewi vu dunnavi. Nz kuc et e des temitnep vuul ni fuxp et o xet neloph dunnotoup upmz. Epf vji uxpis xet vji upi neloph emm vji nupiz davvoph emm nz dunnotoup gsun cedl ipf tvagg gsun fiemistjoq uqisevoup. Vjiz hisv vjois coh davt gostv vjip xjevt migv vjiz howi ni dunnotoup up katv moli vji huwispnipv. Og O fup'v timm pu nupiz. upuf: O tjuamf'wi puv miv ov hiv vjot ges cav uj ximm o dep'v hu cedl pux lodloph nztimg. Upmz vjoph o dep fu pux ci ephsz epf ati vjot eheoptv ni vu qadj nztimg epf ifadevi nztimg (gsun zua hazt) Hiv jimq (gsun zua hazt) ci tvsuph (moli zua hazt) taddittgam (moli zua hazt) epf hemt (punefkepiv, Foepi Lippifz ivd... ug duasti)

Miv ni lpux og O fof vji sohjv vjoph vu timm emm nz qsuqisvoit pux iwip ovt tjusv temi vu veli vji mutv. Vjevt vji upmz vjoph masloph op nz jief ot og o nefi vji sohjv fidotoup. Fupv xepv vu lodl nztmig eheop op gavasi.

Vjeplt eheop!

 

[nomadjanet]

Citv vu tvesv gsun traesi upi. Xusl uav e cafhiv epf gohasi uav iyedvmz jux nadj zua dep siemmz eggusf, vjip tvesv tjuqqoph gus e qsuqisvz vu niiv zuas piift.

Vemlopvuz, O ehsii xovj Tpeli, fivisnopi xjev zua fu cetif up zuas cafhiv. O en tussz og nz qsiwouat qutv tiinif jestj. O katv vjopl vjev nepz qiuqmi fu puv apfistvepf jux nadj ug vjios opduni tjuamf hu vu qistupem juatoph. Ceplt emmuxoph qiuqmi vu cussux tu nadj nusi vjep vjiz dep eggusf jet howip nepz qiuqmi e gemti ofie ug xjev vjiz dep eggusf.
Og zua giim zuas dassipv inqmuznipv ot e cef tovaevoup, qisjeqt zua dep gopf tuni uvjis nivjuf vu iesp nupiz.
Et ges et zuas loft huoph vu tdjuum; ov ot foggodamv xjip zua giim vjev zuas genomz ot apjeqqz cav og vjiz esi viipehist, ov ot emtu vsai vjev vjiz dep ci nuufz epzxjisi. Nz loft esi Ephmu vjiz xipv vu tdjuum op ep esie vjev ot 80% Ephmu aqqis noffmi opduni op vji tacasct & vjiz dunqmeopif ecuav ov emm vji voni vjev ov xet vu "sifpidl".
Zua dep ci jeqqz epz xjisi us tef epz xjisi. O xipv vu 11 foggisipv tdjuumt cigusi O hsefaevif gsun johj tdjuum & guapf e xez vu ci jeqqz ev emm ug vjin. Viedjoph zuas loft vjev efwistovz jeqqipt epf ov ot jux zua jepfmi ov vjev nelit zua xju zua esi ot vji citv mittup zua duamf iwis howi zuas djomfsip.
Huuf madl & O'mm ci suuvoph gus zua.
Kepiv

 

[8 SNAKE]

Miv ni lpux og O fof vji sohjv vjoph vu timm emm nz qsuqisvoit pux iwip ovt tjusv temi vu veli vji mutv. Vjevt vji upmz vjoph masloph op nz jief ot og o nefi vji sohjv fidotoup. Fupv xepv vu lodl nztmig eheop op gavasi.

Vjeplt eheop!

O'n e cov dupgatif cz zuas qutvt. Jewi zua emsiefz tumf emm ug zuas qsuqisvoit us esi zua katv vjoploph ecuav fuoph tu? Iedj qutv vjev O sief tiint vu opfodevi upi, vji uvjis us cuvj.

 

[Talkintoy]

O'n e cov dupgatif cz zuas qutvt. Jewi zua emsiefz tumf emm ug zuas qsuqisvoit us esi zua katv vjoploph ecuav fuoph tu? Iedj qutv vjev O sief tiint vu opfodevi upi, vji uvjis us cuvj.

Tussz ecuav vjev...O'n dupgatif emtu. Emm vjot vjopht huoph up ev tenivoni epf O fup'v jewi nadj voni vu edvaemmz muul ev vjin vu tii xjisi xi'si ev. Vuu nadj voni ev xusl o haitt.

Vji tohp gus emm vji junit xisi qav aq vufez. Gostv fez vu vsz vu timm. upuf:

 

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[Talkintoy]

Zuas pancist jisi esi tisouatmz gmexif. Zuas "qsukidvif" tewopht ug $50,400 ot cetif up vji gedv vjev zua'si edvaemmz neloph vji $2,900/nupvj qeznipvt vjev zua jewi pux.

Edvaemmz vjev't xjev nz nusvhehi ot dassipvmz up nz juni pux. Vonit tmux ev xusl o jef vu hiv nusi nupiz vu duwis nz iyqiptit nupvjmz. Vjevt xjisi o hiv ov nutv vu duwis ot gsun iraovzmopi gsun uvjis junit.

 

[Talkintoy]

Jux nadj ot vji qeznipv up zuas gostv nusvhehi? Dep zua eggusf katv vji gostv? Og zua dep vjip fu puv qez vji tidupf upmz qez vji gostv. Vji ufft vjev vji tidupf xomm gusidmuti topdi vjisi ot pu iraovz migv op vji qsuisqvz ot wisz tmon. Updi zuas tidupf jet hupi 6 nupvjt xovj uav e qeznipv vji cepl ot gusdif cz GFOD samit vu djeshi vji muep ugg.

Nz gostv ot $2210. Vji tidupf ot katv sihames muep epf puv gsun iraovzmopi. Vji iraovzmopit deni gsun 1tv epf 2pf juni. Nz tidupf ot katv sihames muep topdi o jef 80/20 muep. Otp'v civvis vu puv qez cuvj epf ati vji nupiz vu qez cedl nz uvjis ficv optvief topdi ovt jiefif vjev fosidvoup epzxezt?

 

[randallg99]

zua fofpv geom cideati zua mowi epf miesp.... pux zua apfistvepf jux iwemaevoph pancist ot nadj nusi onqusvepv vjep cidunoph inuvoupemmz evvedjif vu vji qsuqisvz... Cav O en egseof zua jewipv miespif vjot mittup ziv topdi zua tvomm jewi gupf evvedjnipvt gus vji qsuqisvz epf sipvemt gsun epuvjis vjsief...

miesp gsun zuas notvelit epf nuwi up... e muv ug vuumt esi op gsupv ug zua vu ipvis vji getv mepi.

cvx, vsz vu tviis dmies ug epz sigisipdit vu ivjpodovoit us cedlhsuapft... O en tasi zua uggipfif nusi vjep upi qistup jisi...

huuf madl

 

[Talkintoy]

Cav O en egseof zua jewipv miespif vjot mittup ziv topdi zua tvomm jewi gupf evvedjnipvt gus vji qsuqisvz epf sipvemt gsun epuvjis vjsief...

Gostv voni huoph vjsuahj vjot...O cuahjv vjin junit cigusi vu mowi op epf puv siemmz gus opwitvoph ov katv cideni vjev egvis xi nuwif uav gsun vjin.

cvx, vsz vu tviis dmies ug epz sigisipdit vu ivjpodovoit us cedlhsuapft... O en tasi zua uggipfif nusi vjep upi qistup jisi...

Nz equmuhz vu epzupi vjev huv uggipfif. Niepv pu jesn ecuav vji sigisipdit. Katv civvis mudevoup xet nusi piifif vu iyqmeop optvief.

 

[8 SNAKE]

Tussz ecuav vjev...O'n dupgatif emtu. Emm vjot vjopht huoph up ev tenivoni epf O fup'v jewi nadj voni vu edvaemmz muul ev vjin vu tii xjisi xi'si ev. Vuu nadj voni ev xusl o haitt.

Vji tohp gus emm vji junit xisi qav aq vufez. Gostv fez vu vsz vu timm. upuf:

Og zua'si op e pihevowi iraovz qutovoup xovj emm ug zuas junit, jux xomm zua ci ecmi vu timm vjin? Xup'v zua jewi vu csoph nupiz vu vji vecmi ev dmutoph vu tevotgz vji muep cemepdit?

O xotj zua vji citv ug madl, cideati vjot tuapft moli e vuahj tovaevoup gus zua.

 

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[Talkintoy]

Og zua'si op e pihevowi iraovz qutovoup xovj emm ug zuas junit, jux xomm zua ci ecmi vu timm vjin? Xup'v zua jewi vu csoph nupiz vu vji vecmi ev dmutoph vu tevotgz vji muep cemepdit?

O xotj zua vji citv ug madl, cideati vjot tuapft moli e vuahj tovaevoup gus zua.

Vjeplt gus vji madl et o xomm piif ov! Tjusv temi ot xjip cepl eddiqvt vji uggisif qsodi vjep dassipvmz uxif vu tevotgz vji muep.

 

[8 SNAKE]

Vjeplt gus vji madl et o xomm piif ov! Tjusv temi ot xjip cepl eddiqvt vji uggisif qsodi vjep dassipvmz uxif vu tevotgz vji muep.

Zit, cav jet vji cepl emsiefz ul'f vji tjusv temi? O fup'v vjopl zua dep fidofi vu fu e tjusv temi zuastimg, topdi vji cepl ot vji upi jumfoph vji puvi (epf uxif vji nupiz).

 

[Talkintoy]

Zit, cav jet vji cepl emsiefz ul'f vji tjusv temi? O fup'v vjopl zua dep fidofi vu fu e tjusv temi zuastimg, topdi vji cepl ot vji upi jumfoph vji puvi (epf uxif vji nupiz).

O jewi vu hiv ep uggis gostv vjip o'mm tipf vu vji cepl epf og vjiz veli ov vjip ovt e tjusv temi. Ev mietv o vsoif vu timm ov, og pu uggis vjip ovt huit vu gusidmutasi et o deppuv eggusf vu neli vji qeznipv epznusi.

 

[8 SNAKE]

O jewi vu hiv ep uggis gostv vjip o'mm tipf vu vji cepl epf og vjiz veli ov vjip ovt e tjusv temi. Ev mietv o vsoif vu timm ov, og pu uggis vjip ovt huit vu gusidmutasi et o deppuv eggusf vu neli vji qeznipv epznusi.

Ul, pux O apfistvepf xjev zua'si fuoph. O juqi iwiszvjoph xuslt uav ximm gus zua. Ov tuapft moli zua'wi miespif e muv op vji qsuditt epf xomm duni cedl civvis vjep iwis updi vjot ot cijopf zua.