Whats the best way to acquire my parents home before it goes into foreclosure?
Written on March 30, 2010
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?
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Filed in: Foreclosure Help.