InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links To Contact Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] I want to let the house go Posted by Melanie on June 27, 2001 at 4:43 PM I bought a house in 91 for 47K. I still owe 40K. I do not live in the house and cannot sell it for even close to what's owed. The house is in great disrepair and I cannot afford to fix it up, nor do I really want to. What exactly will happen if I let it go to foreclosure? Can the lender come after my pay? I have an FHA loan and I believe I was required to purchase mortgage insurance when I bought it. Follow Ups: Re: I want to let the house go Todd 12:05 AM, 07/07/01 (1) Re: I want to let the house go whitney frazier 3:37 PM, 02/12/07 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I bought a house in 91 for 47K. I still owe 40K. I do not live in the house and cannot sell it for even close to what's owed. The house is in great disrepair and I cannot afford to fix it up, nor do I really want to. What exactly will happen if I let it go to foreclosure? Can the lender come after my pay? I have an FHA loan and I believe I was required to purchase mortgage insurance when I bought it. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4080 Centre Street, Suite 204, San Diego CA 92103-2657
(619) 296-9596, Fax (619) 296-6443