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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Run your deal through the Net Equity Worksheet... Posted by Ward-CA- on October 11, 2003 at 11:51 PM In Reply to: 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. ================ JR M., Your info is too sketchy for me to give you any good advice. I'd need to know your net equity in the property after you've figured it out using the Projected Net Equity Worksheet form found on the Fillable Forms link. Fillable Forms Follow Ups: 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. : ================ : JR M., : Your info is too sketchy for me to give you any good advice. : I'd need to know your net equity in the property after you've figured it out using the Projected Net Equity Worksheet form found on the Fillable Forms link. 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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