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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Someone offered to buy my foreclosure...need help please Posted by JR M. on October 09, 2003 at 3:26 PM I have a house that is in foreclosure and vacant. The sell is in a month. Today a couple called and would like to buy it. They can pay the $5,000 I owe now to get it out of foreclosure and then pay regular monthly payments. They are willing to sign a contract for the next five years, at that time they will obtain their own financing. I know it's a case by case basis, but is this something I should consider? Or should I just let the house go and be rid of it. Wish a "almost foreclosure" on my report is that really any better than a "foreclosure"? They are both pretty bad. My main priority is doing what is best for my credit. I would like to buy a house soon. Follow Ups: Run your deal through the Net Equity Worksheet... Ward-CA- 11:51 PM, 10/11/03 (2) Re: no equity in house at all, is actually worth less than what we owe on it. n/t JR M. 10:58 AM, 10/12/03 (1) What's to lose?? Ward-CA- 6:46 AM, 10/14/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I have a house that is in foreclosure and vacant. The sell is in a month. Today a couple called and would like to buy it. They can pay the $5,000 I owe now to get it out of foreclosure and then pay regular monthly payments. They are willing to sign a contract for the next five years, at that time they will obtain their own financing. : I know it's a case by case basis, but is this something I should consider? Or should I just let the house go and be rid of it. : Wish a "almost foreclosure" on my report is that really any better than a "foreclosure"? They are both pretty bad. My main priority is doing what is best for my credit. I would like to buy a house soon. 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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