Foreclosure Protection
How many people have put their “prime” homes up for sale and have received “0″offers?
My neighbors homes are in stable area:Schools are award winners.The police & fire protection rated highest in our midwestern State: Close to outstanding shopping, medical, and transportation. Everyone wants to live here!
So I thought.
These homes are the newest and best, 3-5 years old, and are bargain priced in the 300-500,000. range. Many are telling me that they got into the homes with little down, and flexible/fixed loans which had premiums go up hundreds as the taxes, insurance, and other “adjustments” to numerous to mention went well above their earning powers, so they are wanting out.
Some are selling off other assets to keep up, others are using credit cards to make ends meet.
Real estate agents tell them the market is slow. Some lower the asking price below what they had to pay for them.
Still no interested buyers.
Foreclosure simply means an empty home bought by a foreign subsidiary.The morgage holder makes $$ but shows a loss, legally!
What’s next?
Could be a slow market in your area. What are employment conditions like?
Maybe the house you’re talking about is priced too high.
Your Court Date (Representing Yourself in Court)
