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I need info about forclosures on homes?

I was just wondering if anybody could tell me everything they know about forclosures on homes? A family member of mine is about to lose the house that has been in our family for 40+ years and I was wondering if there is anyway to save it or if it can be purchased? I would buy it if it can, so please I need to know everything there is!

Asked By: andreashannon2000 - 12/28/2007
Best Answer - Chosen by Asker
Steps You Can Take to Avoid Foreclosure and Save Your Home... More
Answered By: Lori K - 12/28/2007
Additional Answers (5)
If you have a 6-month old baby that is really fussy, I hear it can make negotiations very easy if you bring her. Just a guess, most people don't have 6-month old babies that are fussy, but it's worth a shot.
Answered By: Larry - 12/28/2007
 
If they have the funds, they are able to buy it back from the bank. I myself had a friend that did this. Work with the banks anyway you can to save the house. I do understand how you feel. Best of luck.
Answered By: Nikki - 12/28/2007
 
Man on man, someone refinanced the house to take money out and then couldn't pay back the loan. Presumably they used this money to pay things other than remodeling/renovation expenses, so this debt won't be eligible for Bush's tax act forgiving foreclosure debt... More
Answered By: v b - 12/28/2007
 
You can buy the home by showing up at the public auction with a certified bank check in the amount required of bidders (typically $5,000.00, but sometimes $10,000.00 or more) and being the high bidder for the property... More
Answered By: TK - 12/28/2007
 
You may try to do a short sale... More
Source(s):
Answered By: argus - 12/28/2007
 
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