Hsbc Foreclosure
help, my husband left and now i can not afford to pay our mortgage on our house, how long do i have before?
i get put out by foreclosure, the house is up for sale with a Realtor (coldwell banker), loan is with hsbc mortgage. (we were able to afford it easily with both paychecks and had agreed to stay together until it sold, but he just left me and my son stranded).
NO JB, his drinking hard alochol everyday being fall down drunk even drinking on job was more important, i did not bitch…..
Time to get creative!
(1) Get an attorney immediately and start your divorce. You are entitled to child support and the DA will issue a wage assignment so you get paid FIRST out of your husband’s paycheck.
(2) Apply for aid/public assistance if you believe you qualify.
(3) Will the market support rents equal to your house payment? If so you might think about renting out the house and cover the mortgage.
(4) Is it possible to rent out some of the rooms in your home to college sudents? Their parents usually pay their rent for them. You could move your son into your room until you get your situation resolved.
(5) Have your Realtor help you with a loan modification.
(6) Last resort….do not go into foreclosure. Talk to your Realtor about helping you with a Deed-In-Lieu of foreclosure.
Your Realtor is your BEST resource for answers. Price your home to SELL. You want to be in the top 3 best-priced homes in your neighborhood so you are on everyone’s showing list. I don’t know your equity situation, but if selling your home at a price that is less than what you owe, you can easily negotiate a short-sale with your bank under your present circumstances.
I hope I’ve helped you out a little bit. I feel your pain! I’ve been in your shoes….almost exactly and I did lose my home. It was before I became a Realtor and didn’t know my options! Hang in there Kiddo. There are brighter days ahead and worse things than losing a home.
HSBC Short Sale Information
