Results 1 to 2 of 2
LinkBack URL
About LinkBacks-
03-25-2009, 08:50 AM #1
Renter
- Join Date
- Mar 2009
- Posts
- 1
legal questions
I bought a piece of property in Texas when i was living down there working and I have moved away since I bought it and with the economy the way it is I need to get rid of it but cannot get it sold. I am up to date on all my payments and I do not want to take a credit hit on this if I don't have to. So my question is what would be the best way to go about doing this? I don't know if this piece of information is important or not but my loan is through the land development company themselves and not a bank.
-
03-26-2009, 05:24 AM #2
Moderator
- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,282
The development company might take your deed in lieu of foreclosure. If they agree, you give them the deed to your property and they forgive your debt. Just be sure to use a professional when you do it so you don't end up getting screwed.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
Reply With Quote
Bookmarks