QUESTION
Is it possible to give back your home if you can’t afford it and purchase a home you can afford?
Asked on Oct 08th, 2012 on Foreclosures - Washington
More details to this question:
My home is not in foreclosure yet and a modification would not help. I am working with the bank but they will not come down on the principal to the point of which I can afford it.
2 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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It depends on where your home is located. Some states, like Arizona, have laws that protect the homeowner from certain debts. It would be important to talk to a competent real estate attorney where you live. My best to you.
Answered on Oct 15th, 2012 at 2:23 PM
Civil Litigation Attorney serving Federal Way, WA
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Stasch Law LLC
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No, sorry, they don't accept trade-ins.
Answered on Oct 11th, 2012 at 2:01 PM