Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast. If he was renting, he might have been threatened with eviction and chose to leave.
Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast.
If it was posted for sale it likely wasn’t a foreclosure that fast. Perhaps the owner did the math and saw very quickly that they wouldn’t be able to keep up with the mortgage, or no longer had any reason to live in that city because they were there only for the job. With the job gone, the need of the house in that city goes with it. I’m just speculating.
Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast. If he was renting, he might have been threatened with eviction and chose to leave.
If it was posted for sale it likely wasn’t a foreclosure that fast. Perhaps the owner did the math and saw very quickly that they wouldn’t be able to keep up with the mortgage, or no longer had any reason to live in that city because they were there only for the job. With the job gone, the need of the house in that city goes with it. I’m just speculating.
Well if he was renting, his house being up for sale wouldn’t really matter.