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Ask Tina Your Own Question
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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I bought this house around 1 1/2 years ago to start a convent.

Customer Question

i bought this house around 1 1/2 years ago to start a convent. It cost $250,000 which is a little much for a retired widow. The convent did not work out, and I asked the Mother Superior to leave. I am now stuck with a house that I still owe $231,000 on. It's been for sale with a realtor for almost 100 days, and we have not had one showing. Can I take it into foreclosure; would I be responsible for paying any of the money if I should walk away? I am almost seventy-five years old, and this is not how I planned to spend my few short years. Please advise me.
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Loren replied 1 year ago.
Good afternoon. I am Loren, a licensed attorney, and I look forward to assisting you.Did you sign the mortgage personally? Have you asked the lender about the possibility of a deed in lieu of foreclosure?
Expert:  Loren replied 1 year ago.
Are you online with me?