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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: no equity in house at all, is actually worth less than what we owe on it. n/t Posted by JR M. on October 12, 2003 at 10:58 AM In Reply to: Run your deal through the Net Equity Worksheet... posted by Ward-CA- on October 11, 2003 at 11:51 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. Follow Ups: 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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