Posted on: 27th Oct, 2008 07:06 am
hi,
i purchased a home in florida in 2007 july. the house prices was 315k when it was appriased.
we took a loan for 275k fixed rate from country wide.
at the time of purchase i was not paid by my company for 3 months. they still did not pay me.
4 months after i purchased the house i lost my job and had to take a job 70 miles from home and the drive is killing me.
now the property taxes have gone up and the payments have increase by $500.
i could not make one month payment and dont think i can make it. so i stopped paying the mortgage from this month.
do you think debt in lieu of foreclosure is a best option.
dont know what to do and where to go :(
my wife also has no job and we a child too.
can banks come after me for money after foreclosure in florida ?
i purchased a home in florida in 2007 july. the house prices was 315k when it was appriased.
we took a loan for 275k fixed rate from country wide.
at the time of purchase i was not paid by my company for 3 months. they still did not pay me.
4 months after i purchased the house i lost my job and had to take a job 70 miles from home and the drive is killing me.
now the property taxes have gone up and the payments have increase by $500.
i could not make one month payment and dont think i can make it. so i stopped paying the mortgage from this month.
do you think debt in lieu of foreclosure is a best option.
dont know what to do and where to go :(
my wife also has no job and we a child too.
can banks come after me for money after foreclosure in florida ?