Their home is worth $200.000, they owe the bank about $200,000 . They would lose money on the sale, so they are considering walking away and foreclosure. They are spending almost $2000.00 a month in mortgage paymens, and they could only rent it for $1300 a month. Any ideas on how I could keep the house or help them without foreclosure?

A friend of mine got screwed into a scam to buy some homes to rent out and supposedly make some money. In the end he has been through many tenants and been unable to make the payments due to lack of renters and the declining market. A couple of them have started to go into pre-foreclosure and he is wondering what liability he will have with the banks if they go into complete foreclosure. He understands his credit is shot…which it already is, but not sure what else he will be liable for….

My mother in law owned a home and she had been sick the last few months and she passed away.. Is there anyway we can postpone the foreclosure? We need help they are selling the house on December 5th

I am exploring housing options for the near future, looking to buy my first house and willing to fix it up in order to sell in 3-5 years. I would be living in the house as I fixed it up as well. Is there any differences in buying foreclosed or pre-foreclosed houses vs. buying a realtor-listed house that’s for sale and making a low (but not too low) offer? Will it be worth my while to buy the listed house at a discount or should I go for a cheap foreclosure in order to get the best deal?

I live in Georgia and I have been receiving letters for my landlord from lawyers. I am suspecting that my home may be at risk of foreclosure. My landlord has told us nothing and I am worried that I may lose the house I am renting. Having no time to prepare and I am afraid that I will be out in the streets with no place to go. Can anyone please offer any help or steps I need to take in regards to this?