Search found 8 matches
Search found 8 matches
Page 1 of 1
- by val1
- Mon Mar 17, 2008 9:07 pm
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
I agree with you totally, however I think I tried everything I could to sell it a normal way. And this investor guy is not a sell and rent back company, I would not even want to rent it back, as I am trying to get away form it. It is just too big. I am afraid that I am running out of time.
- by val1
- Mon Mar 17, 2008 8:00 pm
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
I reduced the price 2 in the last 4 months but still no luck. I guess it is not the best time to sell. I have unsecured debts of around 5000, that is council tax, and electricity bills, but I managed to negoitation with them to pay it back in instalments. But the problem is here that I won't be able...
- by val1
- Mon Mar 17, 2008 7:42 pm
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
Dear Melanie I owe 160K to my mortgage lender. My mortgage interest rate will soon go up, and I know I won't be able to handle it. I have been trying to sell the house but with no luck. I could sell it to a cash buyer and pay back all my debts from the proceeds but then I would loose a large chunk o...
- by val1
- Mon Mar 17, 2008 10:07 am
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
Hi Chris I tried to sell my house as it is far too big for me now, since the kids moved out. and I can not cope with the outgoings anymore. I would not stay in the house, because even renting it would be too expensive. I would rent a much smaller place, and I guess that investor would rent the place...
- by val1
- Mon Mar 17, 2008 9:42 am
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
Thank you very much for your reply. Yes I do have about 50K equity in my property, and that is why I do not really want to sell to a cash buyer, as I know that thier offer will be enough to pay out my outstanding mortgage. This other gentleman offered me to pay my mortgage for a couple of years and ...
- by val1
- Sun Mar 16, 2008 9:42 pm
- Forum: postings for march
- Topic: I can not pay my mortgage anymore
- Replies: 17
- Views: 2420
I have a property and I can not pay my mortgage anymore. An investor approached me and offered to pay my mortgage for 2 years and buy it after that. What would happen with the property if I went bunkrupt in the 2 year period.
Thank you very much for the help.
Search found 8 matches
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