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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Help with potential foreclosure Posted by Brad on March 22, 2008 at 8:34 PM I need some help with info on the foreclosure process. My parent in their 70's are current on their mortgage with Washington Mutual, however they are unable to afford there payments and I can no longer make for them. They are probably break-even on the property if they could sell it(highly unlikely in their area, Palm Springs) My questions are: Is there anything they should be doing to better prepare for stopping to make payments? Are assets like a car at risk in a foreclosure? Should they tell the bank to see if they want to renegotiate their loan? Also their townhome is on leased land, should they continue making the land payment and homeowner fees? Anyother advice is appreciated. Thanks Follow Ups: Re: Help with potential foreclosure Mike 8:05 AM, 03/25/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I need some help with info on the foreclosure process. My parent in their 70's are : current on their mortgage with Washington Mutual, however they are unable to afford : there payments and I can no longer make for them. They are probably break-even on : the property if they could sell it(highly unlikely in their area, Palm Springs) My : questions are: Is there anything they should be doing to better prepare for stopping to : make payments? Are assets like a car at risk in a foreclosure? Should they tell the bank : to see if they want to renegotiate their loan? Also their townhome is on leased land, : should they continue making the land payment and homeowner fees? Anyother advice : is appreciated. : Thanks [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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