 What are some options to get out of homeownership without foreclosing? |
| I bought a house back in Jan. and since April I have been in a snowball effect of back luck. At this point, I'm drowning in credit debt and I'm working 2 jobs and BARELY paying the mortgage ... |
|
 Damaged property after car crash? |
A car crashed into my bf's house on saturday. The pillar and railings on the boundary of the property are destroyed.
The pillar is lying in a heap, as is most of a wall that stops ... |
|
 Renting an apartment...and I just found black mold in several places....what to do? |
| I live in a quadplex... its basically 3 rooms (Bedroom, Bathroom, and Living/Dining/Kitchen) roughly 500-600 sq ft. These apartments were made pretty cheap... and our toilet & bathtub overflowed ... |
|
 Would any of these be reason for breach of contract against my landlord? |
| We are currently renting a house from a friend that could not sell it. We moved in the middle of August, the house was not cleaned from the last tenants. The carpets were shampooed, but bathrooms &... |
|
 How do i sell my house and buy a new one? Will my lender let me do that? |
| Right now i have 80/20 loan. 80% has 8% interest and 20 has 12%. ARM for 80% will be over in Jan 08. Would i be able to sell this house and buy a new one? My credit score has significantly gone ... |
|
 What is a landlord allowed to say about you when asked for a reference? |
We paid on time and we gave notice before we moved.
What else are they allowed to say though?... |
|
 Is it always such a freakin' pain in the *** to buy a house? |
| I'm in the process of buying my first house, and I swear, every time I think it's done, they want something else! I was approved for the loan, then the underwriters wanted even more info (... |
|
 Whats the hardest part of getting a Mortgage? |
| When shopping for a mortgage, what was the hardest part / worst part of YOUR loan process?... |
|
 Anyone Know About A Website To Find Apartments? |
| Does anyone know of apartments around the MD area for low cost? Or a good website that is free and nice or does anyone know of any roommates.... |
|
 How can you buy home owner's insurance without a house? |
| We are trying to buy our first home, and now before we even know if we will get financed, they want us to BUY home owner's insurance? How? Why? Wouldn't that be done once we buy the house? ... |
|
 What do you think of this house? |
Im looking to buy and this one looks nice what do you think
http://212.50.188.105/cg... |
|
 What does "normal wear and tear" actually mean? |
| I left my appartment in near perfect condition and better than how it was when I moved in, yet I am being charged cleaning fees after I moved out because I didn't hire a proffessional cleaner. A... |
|
 Appartments..? |
Does anyone know a good site for finding appartments?
I don't want to find a huge appartment complex building.. just something like what would be in a newspaper.
smaller, privately ... |
|
 When is the best time to sell a home ? |
| I have a renter that is moving out in Dec.I could talk them into staying till April if I lower the rent a little bit. My house is in Atlanta. I have 40-50,000 in equity in the house and the house has ... |
|
 Should i countine to pay my mom rent? |
| My mom as just inform me that i have thirty days to get out of her house, and i was wondering since she gave me a thirty day notice do i still have to give her half my paycheck like i have been ... |
|
 My lease ens in April, so I asked my landlord today if I had to renew it.She said : No, its month to month.? |
| She said the rent is going to stay the same. But I am a little confused. I never received a lease renewal letter.Shouldnt I get at least some kind of papers with the new terms of this new agreement? C... |
|
|  |
TJ's_mommy | I am having trouble paying my mortgage. Should I file bankrupcy? |
I am a single mom with a disabled child. He takes alot out of me and is sick alot making it hard for me to work or even keep a job. Can I file bankrupcy or should I try to get help else where? I already have my home financed through USDA and the payments are subsidized. I am trying to sell it, but am afraid it might not get sold in time. Please help. |
 |
 
dzwreck
 |
First talk to your lender. Let them know exactly what you are going through and see what they can offer to help you. Most lenders have various ways that they can help out. A forbearance w/ your lender may help out and temporarily suspend payments for a few months while you either try to sell or while you try to gain control of things once again. After the forbearance period a loan modification can be done to add the back payments that you missed on to the end of the loan. The lender may also be able to give you a lower rate or lower your payment temporarily to help out for a small amount of time. This will be your best option before considering bankruptcy. If things get worse and you have nowhere else to turn and/or the request for help is unsuccessful with your mortgage company then sitting down for a free consultation may be a good next step. In order to file BK you will need to do a short consumer credit counseling course either online or over the phone to analyze your income and expenses and to help you figure out your finances. See the link below on ways to help with your housing payments. |
|
finan7
 |
The USDA is generally very accommodating with regard to assisting individuals with their mortgage payments. You may want to contact them and arrange a 'written' modified repayment plan that will afford you an opportunity to get on your feet while you are waiting to sell the property.
It is very important that you do not ignore the notices sent to you by the USDA.
Although bankruptcy is an option, whether or not it is your 'best' option will depend on your particular circumstances. Take a deep breath - don't panic - don't ignore the USDA - and plan a strategy that will be in the best interest for you and your child.
If you have equity in your property, contact an investor that will work with you within your time frame. An investor obviously has an interest in making a profit, therefore, their offer typically will not be as high as offers through a routine sale.
However, if you really need to sell quickly, selling to an investor is another option.
Wishing you the best. |
|
what tha
|
First, talk to the lender and tell them your situation. You may want to have a short sale ( which the lender is willing to take a hit if the home sells less the what you owe on it), most of the time and in this type of market they're more than willing to help. I recommend you contact a Realtor that have done short sales. This way you dont have to file bankrupcy and save your credit. |
|
Expert Realtor
|
The first place you need to call is customer service and speak with someone in the loss-litagation department.
Remember that the LAST thing a lender wants to do is foreclose on a property, and there are vast options available in order to give you time to get back on your feet.
They will usually bend over backwards to assist you, if they know your situation is critical, and the better your payment history, the better your litigation power.
If worst comes to worst, and you cannot reach a settlement, do a Deed-in-Lieu...this may prevent you from getting a deficiency judgement against you, in the event the sale of your home does not cover the balance of the loan plus fees.
I wish you luck, it must be incredibly difficult. |
|
flamingojohn
 |
Filing BK will help with your other bills- but not your mortgage. You are probably better off just trying to sell it or possibly lease it out to someone else for more than your payment to not only cover that, but give you a little extra cash too. |
|
etnadaibmac
|
Yes, check with your mortgage company to see if they can rearrange your mortgage terms and conditions. Companies are more willing to get something rather than getting ZERO
through bankruptcy. If talking with your mortgage agent does not work, your local Legal Aid Society might be able to give you guides but you have to act fast because your creditors are not going to wait for you. |
|
Zack
 |
First, check with your mortgage holder. A lot of them have special programs for people to help gat caught up on their loans. If that doesn't work, check with a free legal aid counselor in the are and they can advise you on the bankruptcy. |
|
Christie
 |
You probably want to speak to a credit counselor about your question and situation. The credit counselor would tell you the pros/cons of bankruptcy and will tell you if there are other alternatives other than bankruptcy.
And depending on which credit counselor you go through, the first consultation may be free. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 31 minutes(s) ago
| | | |
9 | 36 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 3 week(s) ago
| | | |
9 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
