droidgirl10 and hedgecat: Let them know that no one is living in the home and they need to secure it. Be persistent. They will change the locks on the home, preventing you from getting in. One rep told me once it is secured by them, they do not need to provide a key to you and the home is no longer your responsibility and the bank has insurance on the home to protect them. They have a service you can call to check on the home once it is secured by them if you notice anything funny. My insurance was also cancelled, but there is nothing you can do about it. No one will insure it, well at least for anything that we can afford. Something like thousands a year. Don't listen to people who tell you as long as someone checks on the home and there is furniture, it is "occupied". It is not, confirmed by two insurance companies. Forget about renting at this point they could foreclose at anytime. They finally sent me a "Letter of Intent" in August, but still no foreclosure date. 20 months!!! One rep told me he saw one go three years himself.
Short sales from what I have read are only approved for the newer homes, or homes that they know may appreciate. If you have a smaller or older condo, forget about it.
Short sales from what I have read are only approved for the newer homes, or homes that they know may appreciate. If you have a smaller or older condo, forget about it.
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