Repossession Houses

If the house is appraised at $140,000, does it start at $140,000? Or lower?

I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper, and now on autotrader with no luck so far. I have a new car myself that I am also paying on. I don’t need two cars and I can’t afford to keep paying for two vehicles. How will a voluntary repossession affect my credit since I am paying for another vehicle? Will it repair itself as long as I am paying on another car? I know that the bank will auction the car. If I pay the deficiency, will the repossession still go on my credit? I have very good credit and I really don’t want to ruin it, which is why I’ve paid on the car for this long. I am in the market to buy a house. Will a repossession affect my getting a home loan?

I know the situation is worse now for people with ok - bad credit trying to buy a house, but is it impossible? I have a repossession from three years ago. I still have about $5000 to pay on it. My credit score is about 640. What do you think? I don’t want to waste my time going to the bank/lender if there’s no chance.

my property was repossessed in february this year, Is it still possible for me to buy a house in UK at all?

My husband and I live in a crap, crap, crap, did I mention crap mobile home. Well, now we need to buy a house becuase our place is falling apart and I hate that my son has to grow up in such a POS. Anyway, we still owe on this place but KNOW that no one will pay a penny for this place. So, I’m wondering if my husband agreed to a voluntary repossession and we got the mortgage in my name how bad would that hurt us?

My husband and I are planning on getting our first house in 3 months. We were interested in getting a house at a county auction. You have to bring enough cash to completely cover the bid to get the house. Does anybody know how you can get that much cash to get a house and if you do get it, how do you pay it back? Is it like a mortgage?

We are looking to buy a house from the auction. However, the catch is you have to live in the house, and make any and all necessary repairs within the first 18 months. Has anyone ever done this, and if so, how did you manage?

I know I am responsible to pay that but what do I need to do? Do I call the bank and request a payoff or do I make the monthly payments on that loan? Can I do this if the first is in the buyers name?

I see these newspaper articles about real estate auctions. There are the regular county auctions (sheriffs auctions) that real estate companies buy to sell for profit later at their own house auctions. Regardless of who hold auctions, is the winning bid real the total cost of buying a house from the auction? Can you buy a house from an auction for say few thousands dollars? I can’t google the real estate buying process. Where I can learn about the process of buying houses?