Has anyone had to foreclose or short sell their home recently?
Or does anyone work in real estate or at a mortgage company and is familiar with foreclosing or short selling?
What all is involved and do you need to do anything to help prepare for it?
What happens to the homeowner after the process (like when can you buy another house, how badly does your credit get hit etc.)?
We aren't at that point yet, but my boyfriend and I really want to move back to Texas and our house is worth 40% less than what we are paying for it. We are just trying to discuss and look into all our options. We are hoping to be back in Austin in about 2 years and need to start a plan and getting our funds together.
TIA
Or does anyone work in real estate or at a mortgage company and is familiar with foreclosing or short selling?
What all is involved and do you need to do anything to help prepare for it?
What happens to the homeowner after the process (like when can you buy another house, how badly does your credit get hit etc.)?
We aren't at that point yet, but my boyfriend and I really want to move back to Texas and our house is worth 40% less than what we are paying for it. We are just trying to discuss and look into all our options. We are hoping to be back in Austin in about 2 years and need to start a plan and getting our funds together.
TIA