The problem is: Who would take over the pytnemas if the total loan is greater than the value of the home.If the loan is less than the value, you should just sell it for what it's worth, an d move.Alternatively, find out what it could rent for and jjust rent it out for a few years.
It all depends on your deotniiifn of taking over your payments. Most mortgage documents will not allow you to assign the mortgage agreement with the lender without first approving the new applicant. So lets start there. Why dont you just the ask the bank and explain you cannot afford the payments anymore and are seriously thinking about walking away from your home because it cannot be sold. They may suggest: 1. Deed in lieu 2. Short Sale 3. Consent Foreclosure-if allowed in your state.Then ask them if they would consider assigning the mortgage to someone if they can qualify? The banks are adjusting policies everyday to prevent foreclosures so anything might be possible.If the answer is no, then the only viable option would be to draft up a rent to own agreement which does not transfer ownership but transfers future equity. Also contact the bank and add the person to the account as an authorized user. This will require you to submit an authorize user agreement. Once they have authorized user status they will be able to contact the bank directly, and perform most functions as if they were the owner. If in the future there is a problem you can always cancel the authorize user agreementAs long as the person continues to make the mortgage payments at some future date of their choosing they will be able to purchase the property.
This guy is a an idiot the flat fee $300 Broker isn't advertising your house for that money or scerening for?»? qualified buyers or showing your house or negotiating for you or any else that matters to the seller in a ral estate transaction. Why do you think those national boys went out of business?
I've trained Realtors for over eight years. Done over 1000 trsiaactnons. First of all an agent by law can't steer someone to?»? your home based on commission. If that's their motive for showing the house first you are attracting a crooked agent. A well done listing with lots of good photos, description and an easy way to get easy showing instructions is what really attacts selling agents.
These are the people that you need to run from. They say if they ask for money ufnorpt they are in it to take your money and this is what these people did. 5000.00 down?»? the drain and when I needed them to rep me with the mortgage company they had no information on my case on file! Tish Washington did not return calls and changed her number to avoid me! Just try the number, it does not work anymore!
Yes, but it's a secret .I'll share with you! First, when you say stop do you ueradstnnd you are halting the process only and not the lenders rights under sate code. Anything can be negotiate up till a notice of sale (i.e. California). Then all bets are more or less off. If you want to negotiate a settlement then talk to the lender before a sale date is set. Attorneys can also seek a temporary injunction for a valid claim against your lender. NOW THE SECRET: But if you think you have a wrongful foreclosure action then DON'T stop the process let it continue. After the home goes back to the lender it's only then you have grounds for a wrongful claim. Stay in the home afterwards by responding to the unlawful detainer the lender will file to have you removed. Make your claim strong as to decepetive and predatory isntances a good auditor can determine for you. Some folks have gotten back their home at 50 cents on the current loan against their house under a negotiated settlement.
Camille and her husband are in the business of taking over the deeds of homes and selling them on real estate contract for higher than the value. They often do not make the payment on the underlying loan and the end user loses the home along with all of their investment. Be careful with them.
To Whom it May Concern,
My name is Yvonne Marrs, my Husband and I recently purchased a our home in Edgewood, NM from Ms. Camille Milke, she was wonderful to work with, and kept us well informed. We enjoyed working with Ms. Milke so much and she did such a wonderful job helping us get into our forever home that we have recommended her to several of our family members and friends whom we know are looking for homes themselves. Ms. Milke was not just interested in selling us a house but rather helping us to find and get into our forever home she is truly cared about making sure our home fit us and our needs and if ever we were in the market for a home again there is no doubt that I would call Ms. Milke to assist us again.
Me and my husband have contracted a lease to own agreement on our home. We have found that Camille is honest, trustworthy and a delight to work with. Our home
was exactly what we were hoping for, she made it all possible and we are bless to have known her. Thanks Camille for making our dream come true. Marsha and Trinidad Saiz
To whom it may concern,
I found this website after I purchased a home from Camille Milke (in October of 2011). I am thrilled I found Camille because my house is great! My family never could have bought a house if it wasn't for Camille and her husband. I started as a Lease to Own and then converted to a Real Estate Contract. The whole process is easy as pie. All I need to do is make my monthly payment (actually it gets deducted from my bank account automatically) just like I would for any house I buy or rent but the difference with Camille is she understands some people don't have great credit and still want to buy a house! I would not hesitate to tell all of my friends to call Camille for a house. Especially if they can't get a loan right now. From a happy homeowner in New Mexico.