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Daughter's House in Foreclosure

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  • #16
    Originally posted by b4freedom View Post
    You need to provide more information. What's the monthy payment? How much are they past due? What are the odds of them coming due?
    Unfortunately, they are not alone.

    They moved out into a family friends trailer about one month ago.

    The monthly payment was around $1200.00 and the odds of them coming due are completely out now.

    The last we checked the house was around 11 months in the rear.

    Thanks for all of the advice.

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    • #17
      How much equity do they have in the house???

      I'm not normally a fan of bankruptcy, but in my state when someone files for bkptcy it puts a dead stop on any foreclosure in process. If they have a hunk of money tied up in the house even if they have already moved out it could help them possibly save it - at least for long enough to try to sell it and get out from under the payments.

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