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I have a VA loan on my old home in Tucson AZ. I got
I have a VA loan on my old home in Tucson AZ. I got re-assigned and this was right after the market crash so I was way upside down on the loan. … read more
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We have a rental home in Az that we are upside down on (as
We have a rental home in Az that we are upside down on (as are most people). While we can afford to keep it the rent we can get does not cover the cost of the loan. Do we have any options to short sel… read more
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Ive tried very hard to sell my primary residence in Seattle,
I've tried very hard to sell my primary residence in Seattle, but to no avail. I want to retire to my property in Florida, but need to get out from under my Seattle mortgage to do so (not looking for … read more
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Mary, I asked what is the best option because my wife wants
Mary, I asked what is the best option because my wife wants to get back into government work and credit is one of the issues but she has paid all other debt on time but what will look worst the bankru… read more
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I live in AZ and have 3 homes, one of which is probably $80K
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My son is in default with his mortgage since January. He applied
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My house is in Tucson, AZ and is approxiamately $100,000.00
My house is in Tucson, AZ and is approxiamately $100,000.00 upside down. I paid $ 60,000.00 down on a $290,000.00 purchase 5 years ago. I'm 71 years old so I can't see my house appreciating enough to … read more
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I have recently learned the contract for employment will not
I have recently learned the contract for employment will not be renewed and will cease at the end of 2011. The nature of my work normally requires moving from state to state and i have done so success… read more
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I own a home in Tucson, Arizona. This home has a first mortgage,
I own a home in Tucson, Arizona. This home has a first mortgage, interest only for 170,000.00 and a second interest only for 65,600.00 total owed about 235,600.00. The Judging by Zillow.com and the pr… read more
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I live in AZ and we have a home that is upside down in value
I live in AZ and we have a home that is upside down in value by more than $30000. We are moving into a new home in Nov that is currently being built. My question is, what options do I have with this p… read more
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In 2005, we paid 400k for our home. We have an interest only
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Tucosn, AZ. My wife and I currently have a VA (0% down) loan
Tucosn, AZ. My wife and I currently have a VA (0% down) loan with Bank of America for 180,000 and a second home equity loan with Bank of America for 50,000. The first loan was originally with Country … read more
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Hello...I reside in Tucson. We refinanced our home through
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We have two homes - one in AZ (Tucson) we were unable to sell
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I own 5 investment single family homes in Fla. & 3 parcels.
I own 5 investment single family homes in Fla. & 3 parcels. I am upside down in at least 3 of the homes with a monthly negative of 5K. I can't sustain this. Can I foreclose? Do I have to claim bankrup… read more
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i live in AZ. i have a house with a first and heloc. the heloc
i live in AZ. i have a house with a first and heloc. the heloc went 100% to the down payment of 20%. due to falling values i am now upside down about 20%. if i foreclose, am i liable for the heloc?… read more
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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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Meet the Experts:

Barrister

Barrister

Lawyer

13,520 satisfied customers

19 years real estate, Realtor. Landlord 27 years

Ray

Ray

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I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

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Ely

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Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

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3,844 satisfied customers

12+ yrs. of experience including real estate law.

ScottyMacESQ

ScottyMacESQ

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2,578 satisfied customers

Licensed General Practice Attorney, Texas

J. Warren

J. Warren

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Experience in residential real estate and commercial leases.

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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