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From -- -- contracts Bob -- is back to answer your email for another week he was live -- studio last week today he's in all of the most beautiful city in America some say San Diego where -- that sure.
The -- there are eight first question from of dawn in Winchester California he writes we filed a chapter seven bankruptcy.
We were told to move out of the house since foreclosure was gonna happen within six months.
The service -- wants to do a deed in lieu of foreclosure.
With the second small.
A small second there was included in the bankruptcy can we do this pulse we wanna move back.
Until something happens I am -- disabled.
Marine veteran can you help it.
Lot of yet lot of issues on this Steve first off so our viewers understand the service is the -- you make the payments to every month -- pays a lender involved.
So in this case what they -- it was awkward has won a large larger servicers that country.
They're a IA had the home where.
Or -- in my property back to -- the servicer and the reason they want that is since there's been a foreclosure Steve.
And that that's been discharged.
They wanna get title back without going through formal foreclosure so they could sell the house so before you -- -- before you do anything sir please.
Get legal advice make sure that the document that you sign is a proper document -- released for many all liability and any future future responsibility.
Absolutely got to have good legal advice and documentation served.
I'm just up Stacy for Michigan pass.
My home is 40000 dollars under water we need a larger house because our families -- and we were approved for new home and now we have to decide about our current home and doing a short sale.
What other options do we have without affecting our credit and that's a big question.
Well it is because for what you could do stages you could lease the properties as somebody.
And get become a landlord sometimes that really becomes difficult because being aware -- -- in charge of the home.
You're an absentee owner that's one of the things you could do you obviously could short sell it to be very careful when things.
Whatever you get approved for another -- You what you you have to disclose it for moving out of the home that you previously -- There's a thing -- they're called by in bell.
The lenders now are looking they don't like that they don't like -- you're buying something else and bailing on the other home.
So make sure that your there's disclosure -- -- don't don't get yourself in trouble.
When you -- and on the other home by short -- so.
Very very important to give you get good advice as to how you take what you do it but you can always -- -- for purposes of saving your credit.
Good advice all right -- final question from Tony like the ozark Missouri wants to know I recently.
Went to Mexico and got hustled for a vacation club I wanna canceling -- -- -- the certified letter within five days -- -- company refuses and has turned it over illegal.
How -- I give my money back does he.
You have real quick on these times sure things -- -- is usually non -- monies that sit there they have recourse against you under the terms of the conditions of the contract.
These places many times hostile people there on vacations put him in a room drilling for many many hours enforcement to -- contract.
If you get a letter from a lawyer said he -- X amount of dollars.
Get a -- -- as possible to respond.
Most likely you're gonna lose that money you put into it and hopefully not gonna be bound by the entire contract.
Generally what they do is they sell it to somebody else that mitigate their damage and you walk away from it.
Get good legal advice right but it's not all time shares of my wife and I -- -- a time share for about twenty yeah and it's been fantastic since -- absolutely there's good ones out there just be careful of the high pressure sales.
That's what happens any time they worker and the emotion of the excitement.
And sometimes are scams and there are many good ones out there of course.
Sure it it could be that might -- they give you just before -- pretty incredibly inducement to.
-- Bob thank you very much Rivera is today from San Diego by Steve take your body -- bent all right.
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