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Ughhh...foreclosure
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<blockquote data-quote="DaisyFace" data-source="post: 319348" data-attributes="member: 6546"><p>K--</p><p> </p><p>It depends on the exemption limit in your state and the value of the car. Somes states allow you to exempt one car up to a value of $3000, while other states place a limit on any vehicle exemption as low as $1200.</p><p> </p><p>If you weren't going to pay to ship the car to HI anyway--sell it...walk away without any worries.</p><p> </p><p>by the way--regarding the short sale option...short sales usually happen when you are "upside down" in your mortgage (the balance on the mortgage is higher than the home's current market value). These days, though, banks are getting tougher on their short sale policies and many times they are writing the deals so as to force homeowners to repay a portion of the bank's loss or disallowing the deal entirely.</p><p> </p><p>If you can price your home ridiculously low (and yet "break even" on the sale) and get an offer before foreclosure--that might be your best bet! In this market, however, I'm not sure how realistic that plan might be.</p><p> </p><p>Best of luck!</p><p> </p><p>--DaisyFace</p></blockquote><p></p>
[QUOTE="DaisyFace, post: 319348, member: 6546"] K-- It depends on the exemption limit in your state and the value of the car. Somes states allow you to exempt one car up to a value of $3000, while other states place a limit on any vehicle exemption as low as $1200. If you weren't going to pay to ship the car to HI anyway--sell it...walk away without any worries. by the way--regarding the short sale option...short sales usually happen when you are "upside down" in your mortgage (the balance on the mortgage is higher than the home's current market value). These days, though, banks are getting tougher on their short sale policies and many times they are writing the deals so as to force homeowners to repay a portion of the bank's loss or disallowing the deal entirely. If you can price your home ridiculously low (and yet "break even" on the sale) and get an offer before foreclosure--that might be your best bet! In this market, however, I'm not sure how realistic that plan might be. Best of luck! --DaisyFace [/QUOTE]
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