Posted on: 13th Dec, 2012 10:06 pm
I filed bankruptcy in 2008 and surrendered my house at that time. Now my credit is re-established and I'm ready to buy a new home. The problem is when I went to get pre-approved the lender tells me the house is still in my name. So I called my old lender to ask about it and they say they are not going to foreclose on the house. They want a settlement… What do I do now?
Hi Kerry,
Well, things are difficult for you. You should negotiate with the lender and somehow convince him to foreclose the property in order to recover his debts. You can even take the help of a real estate attorney and he will assist you in this matter better.
Thanks
Well, things are difficult for you. You should negotiate with the lender and somehow convince him to foreclose the property in order to recover his debts. You can even take the help of a real estate attorney and he will assist you in this matter better.
Thanks
Welcome Kerry,
James is right. You will have to convince the lender to sell off the property. You can contact a broker and check out if you can list the property in order to sell it off and give away the sale proceeds to the lender.
James is right. You will have to convince the lender to sell off the property. You can contact a broker and check out if you can list the property in order to sell it off and give away the sale proceeds to the lender.