Posted by Ed Garcia on July 02, 2003 at 11:00:19:
You state? woman willed a home in 1999; house purchased in 1995; she is on welfare w/ 3 children; she wants to move to florida in august;house needs some repairs… I’d say valued at $7k to $10k; she is behind on one payment; not behind on taxes.?
Avril, I find it difficult to believe a borrower who is only one payment down and not behind on taxes, to be in foreclosure.
If so, all she or you would have to do is bring the account up to date.
At this point the ideal situation would be to cure the first assuming the 2nd and the 3rd are current. The 2nd and 3rd are not much money and even if they are behind it doesn?t appear it would take much to cure them as well.
Avril, this story doesn?t make sense to me. You also casually mention that she is currently going through bankruptcy, meaning that this now becomes an asset that she can only sell with the courts permission.
Avril, I will call you at the number you have given one time. If I miss you I will leave a my number to return the call.