Foreclosure 2012
Short sale or foreclosure help?
I want to get rid of my condo, i bought for 273,000 and now is worth 140,000. It is interest only after we refinance because are APR jumped up highly so we got a new loan. its up in 2012 and then we will not be able to refinance cause our home will not be worth the amount and we will have to live with the APR that is given to us. We want to get a head start stop paying now and save cash instead of waiting till 2012 and then start saving. that way by then we can have a huge down payment if not buy a house outright. How can we hide our money SAFELY so they can’t come back and take it?????
Move your money to a bank not associated to your lender and that doesn’t show up on your taxes. Wait 3 months then do a short sale. The short sale will ask for 2 month of bank statements and tax returns.
Foreclose or Short Sale before 2012 – The Mortgage Debt Relief Act North Scottsdale Real Estate
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