forclosure: Foreclosure! What are my options?? - 08/09/07 06:56 PM
With Foreclosures on the rise and lending guidelines have tightened up, buying and selling properties have become a challenge. What options do you have when you are in foreclosure??
Determine if you have enough equity to sell the property.
Call your lender to determine what the payoff amount is on your mortgage. Be aware of pre-payment penalties. If you order a payoff, your lender will charge you for it. Try to get a verbal at no-charge.Most agents will say that it will take 9-10% of the sales price to sell the property. We use 15% to take into account negotiations and repairs for … (0 comments)

 

Roz Burton-Torres

Kirkland, WA

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WA Real Estate Solutions

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