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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Home in foreclosure with HUGE ARREARS Posted by Gary-TX on May 05, 2003 at 4:44 PM In Reply to: Home in foreclosure with HUGE ARREARS posted by Gary-TX on May 05, 2003 at 3:30 PM : Is there any way to buy a home, FMV of $220K, Loan Bal 145, Due to BK the Arrears are $69K. Home needs $5000 Carpet and interior paint($1500). : Is this a candidate for a short sale, and how would that work? Would I be able to qualify for this on a stated loan? : What is the best way to get this house bought? The sale is June 3rd, and the sellers are packing to move. : Gary-TX Just another note: The house built in 1994, loan amount was $159K. House has been in BK since 1997(?). There are over 30 payments in arrears, plus fees total about $69K. This is a golf course community, community pool, tennis, etc. Two story, about 3500 sq ft. 4-2-study-2. 2la, 2din. small cov patio. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Is there any way to buy a home, FMV of $220K, Loan Bal 145, Due to BK the Arrears are $69K. Home needs $5000 Carpet and interior paint($1500). : : Is this a candidate for a short sale, and how would that work? Would I be able to qualify for this on a stated loan? : : What is the best way to get this house bought? The sale is June 3rd, and the sellers are packing to move. : : Gary-TX : Just another note: The house built in 1994, loan amount was $159K. House has been in BK since : 1997(?). There are over 30 payments in arrears, plus fees total about $69K. This is a golf : course community, community pool, tennis, etc. Two story, about 3500 sq ft. 4-2-study-2. 2la, : 2din. small cov patio. 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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