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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Some questions about selling a house before it goes into Foreclosure Posted by Rachael on April 28, 2003 at 12:53 AM My husband and I have recently defaulted on a forebearance plan. We are unable to come up with the amount of money needed to make our payments current and have decided that that wouldnt be the best thing for us anyway, because we havent been able to keep up with the monthly mortgage payment as is. I should have sold the house long ago, before I let it go this far. However, here we are. We are going to rent an apartment, and want to sell this home. What I am wondering about though, is this... If the house appears to be heading towards a foreclosure, I am sure this is disclosed to potential buyers right? Wouldnt it make more sense for them to wait until it has, and try to get it then? The reason I am asking is, I would like to avoid the foreclosure at all costs, and just sell the house prior to that. But we arent even sure how you go about that if you are in the process of being foreclosed upon. Sorry for the babbling post, very very new to all of this. The house is in Cathedral City, CA.. near Palm Springs. We owe approximately 149,000 on it and the value of the house should be around 180,000. Rachael Follow Ups: Re: Some questions about selling a house before it goes into Foreclosure Jorge 5:21 PM, 04/28/03 (0) If it's yours, you can sell it. Sean 2:34 PM, 04/28/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : My husband and I have recently defaulted on a forebearance plan. We are unable to come up with the amount of money needed to make our payments current and have decided that that wouldnt be the best thing for us anyway, because we havent been able to keep up with the monthly mortgage payment as is. I should have sold the house long ago, before I let it go this far. However, here we are. We are going to rent an apartment, and want to sell this home. What I am wondering about though, is this... If the house appears to be heading towards a foreclosure, I am sure this is disclosed to potential buyers right? Wouldnt it make more sense for them to wait until it has, and try to get it then? The reason I am asking is, I would like to avoid the foreclosure at all costs, and just sell the house prior to that. But we arent even sure how you go about that if you are in the process of being foreclosed upon. Sorry for the babbling post, very very new to all of this. : The house is in Cathedral City, CA.. near Palm Springs. We owe approximately 149,000 on it and the value of the house should be around 180,000. : Rachael 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

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