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Is Defaulting on my Home Loan Really that Bad?

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Forums » Consumers - Questions, Answers, Help » Foreclosures, Short Sales, etc. » Is Defaulting on my Home Loan Really that Bad?
 

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Latest post Sun, Nov 8 2009 8:52 PM by Bryan Bledsoe. 1 replies. Viewed 165 times.
Page 1 of 1 (2 items)

  • Thu, Nov 5 2009 8:57 PM                

    • Anonymous

    long story short, i bought a house for $75,000 and in my current situiation (had to move for work) couldnt sell my house for $40,000 if i tried. i have only had the house for 2 years and have no desire to keep it. what should i do? is defaulting on the loan really that bad?

  • Sun, Nov 8 2009 8:52 PM                 In reply to

    |Contact

    It's a big problem for your credit score and your ability to buy a home in the future.  I suggest that you contact a HUD counselor in your area to discuss your options (it's free).  http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm

     

    PREMIUM MEMBER
     Bryan Bledsoe Direct Line 509-922-8699 bryan@bledsoehomeloans.com www.bledsoehomeloans.com Allied Home Mortgage Capital Corporoation, 1225 N Argonne, Ste C, Spokane Valley, WA 99212 Doing business in Washington and Idaho Loan officer NMLS 12483 - Branch Office NMLS 49957
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