real estate foreclosures

[suggafoot4]

the state involved is north carolina. my husband and i
are in pre-foreclosure we do not live in the house currently
due to the fact that my husband is in the service.we do not want the home but we dont want to wreck our credit.how do we get out of foreclosure without having to spend thousands of dollars.

 

[HomeGuru]

Talk to the lender about accepting a deed-in-lieu of foreclosure.

 

[suggafoot4]

PRE-FORECLOSURE

What exactly is a deed in lieu foreclosure and how does it work.I would appreciaate any additional info you can give since the house goes up for bidding on6/7

 

[pinenedle1]

Is the house currently rented? Maybe the renter can be convinced that this is the oportunity of a life time and you can convince them to buy the house and assume your loan. You may want to try to refinance the home, starting fresh with a new loan, wich would buy you some time. You can then sell the home and break even financially or even make a few bucks. Do you have equity in the house? Depending on your situation, but it sounds like you need some way to stop the current process, sell the home and save your credit. Good luck.