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Home Foreclosure

Sent to Legal Experts February 20 08:34 PM

My husband and I have been told by our mortgage company that they have a foreclosure sale date of mid-March. We had some very poor advice and got 3 months behind this past Fall. We are now upside down in the house. We have the house on the market and have talked with the mortgage company about a short sell. They said they would consider it until the end of February. It is not going to sell, we have too many homes in the area that are new. We have lowered the price which makes it truly a bargain. It looks like the mortgage company will foreclose. My question is, how is this going to effect our future credit? I live in Tennessee

Optional Information:
Bartlett, Tennessee

Already Tried:
Numerous tries at refinancing the home but my husband's credit is ruined due to a Chapter 13 he filed 2 years ago. Also we have tried to work with the mortgage company.

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
February 20 9:49 PM (1 hour and 15 minutes and 24 seconds later)
         
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February 22 10:42 AM (1 day and 12 hours later)
         
Relist: I want a different opinion.
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February 22 10:43 AM (39 seconds later)
         
I want a different opinion.
Customer (name blocked for privacy)
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