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  1. 08-19-2009 05:17 PM #1
    ee5620
    ee5620 is offline Junior Member ee5620 is on a distinguished road
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    letting go a property?!?!?

    hello,

    my husband and I bought a property a few years back in a retirement development community out in the country (it's just a lot)... At the time we could afford it but now, the interest is too high and I can't seem to find any bank that will refinance it at a lower rate. We are thinking about letting it go, but I am afraid of the consequences.

    I am not sure if they are any, I live in texas. I don;t wanna loose my current home, or have major issues with IRS, etc. I haven't fallen behind in payments but we have recently experiences some looses so, I am anticipating for the future. what is the best way to approach this without getting things so out of hand? I have tried to listed and try to sell it but no luck for the past 6 months.

    Any recommendations? suggestions?
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  2. 08-24-2009 02:51 AM #2
    allvira
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    Why don't you go for a broker? I think you can get better solution through having a broker. He'll charge you up to an extent but you can get solution..
    Allvira
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  3. 08-26-2009 05:25 PM #3
    jimb12345
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    see if you can do a short sale of the property so you do not have to get it
    foreclosed on..
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  4. 11-11-2009 10:43 PM #4
    iketz0
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    Why don't you try to consult attorney or a broker on this issue. I'm sure they will work things out on this.. I hope you are doing well right now.. Good luck!!
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  5. 12-02-2009 09:55 AM #5
    dondi05
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    Quote Originally Posted by allvira View Post
    Why don't you go for a broker? I think you can get better solution through having a broker. He'll charge you up to an extent but you can get solution..
    Allvira
    I agree with "allvira" why don't go to a broker or lawyer, because on that way you will understand every details that you needed for you to come up with a solution.. a positive maybe...
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  6. 01-11-2010 05:15 PM #6
    housefull
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    Glad it works as expected for you
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  7. 02-05-2010 06:45 AM #7
    philippines law firm
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    I agree with you you got to hire a lawyer or a brocker to help you in your problem
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  8. 02-24-2010 03:44 AM #8
    khelzy09
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    how was it? have you consulted a lawyer or a broker? does your problem solved already?
    consulting to a lawyer/broker about the issue will help you solve it in no time..
    sometimes it's better to lose the argument than lose the person or the relationship.
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  9. 05-11-2010 01:09 AM #9
    pwssolutions
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    your property is a great asset. dont let it go. I will suggest you to contact broker.
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  10. 07-05-2010 01:46 AM #10
    Callista Gail
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    Property may be tangible or intangible, but it is owned by an entity and is therefore considered an asset or a liability attributable to that entity.
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