loan assumption: There are ALTERNATIVES that allow you to keep the house such as: part 9 - 08/29/08 09:13 AM
CHAPTER 13 BANKRUPTCY
. You may be able to keep your home if you file for Chapter 13 Bankruptcy Protection. You must be able to afford the payments.

In situations where you do not want to keep the home, the following alternatives may be available to you. These options will affect your credit rating less than a foreclosure will.
 
SELL THE HOME.
If there is sufficient equity in the property, you may be able to sell the home, payoff the mortgage(s) and walk away with money in your pocket.
LOAN ASSUMPTION.
Even if you do not have an … (2 comments)

 
Laura Moore Godek (Laura Moore Godek, PC)

Laura Moore Godek

McHenry, IL

More about me…

Laura Moore Godek, PC

Address: 913 N Curran Road, McHenry, IL, 60050

Office: (815) 344-1965

I have more than 20 years of residential real estate experience represnting sellers, purchasers and creative investors. My affiliation with several title companies and in house closers assure clients and realtors closing times when needed. I am often available after hours and on weekends. I offer fixed closing fees as well as hourly rates. My office can also accomodate spanish speaking clients. If you have any questions please contact us. We'd be happy to help.


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