Congratulations! Some years back you decided to purchase a home, hoping to live there for many happy years. You joined the ranks of hundreds of families who thought home ownership would help you build equiry, save for the future and create a wonderful environment for your family.
You hoped to build equity, as your home increased in value. Unfortunately, you and your family ran into trouble....medical bills that weren't covered by insurance, a broken marriage, a lost job. Now you can't afford to pay the mortgage on your home. Maybe you are thinking about walking away from the mortgage. Not a good idea. It will take years to bring your credit report back to acceptable if you decide to file for bankruptcy, or let the bank foreclose on your home. It may be possible for me to get permission from the bank for you to sell the house for less than the mortgage. We can talk about this in more detail, if you want to pursue this option. Call me at 908-328-3699 (cell) or 908-995-0468 (home) or email me to tama@tamatraberman.com so that we can consider what is possible, and make some educated decisions that will help you get out from under. The reports shown below are useful if you are thinking about purchasing a home. A conversation with me will be more productive if you are in a situation where you want to get out of the mortgage you hold without a deficiency judgment.... So you can move on with your life. |