Date : March 14th, 2010Category : UncategorizedAuthor : Editor2 Comments
My mom loaned me money to fix up my home. $40.000. That is all I owe on the home. She filed a mortgage on my property but now my creditors want to sell my home and pay them. If my mom has a mortgage on the property shouldn’t she get paid before GMAC or the bank? And if I have no equity in the house other then $40.000 can anyone take my home in the bankruptcy?
Date : March 3rd, 2010Category : UncategorizedAuthor : Editor2 Comments
After Hurricane Ike I moved out of my house and into an apartment. I cant afford to pay for both so I’m late 3 months on the house. Someone told me that if my house goes into forclosure, I will still owe the FHA loan and the government will garnish my pay. They also said that a bankruptcy will not cover an FHA home loan. Any help will be GREAT!
Date : February 22nd, 2010Category : UncategorizedAuthor : Editor2 Comments
I met with a lawyer today and he told me I couldn’t file Ch 7 because I had equity in my home, and couldn’t file a ch 13 because I couldn’t prove that I could make the monthly payments…………………. What!!!!!!!!!! Do I have any options?
Date : February 22nd, 2010Category : UncategorizedAuthor : Editor6 Comments
I live in the western suburbs of Chicago. I am hoping to put down as much as possible (upwards of 20K) on a townhouse or condo. My bankruptcy was discharged in July of 2005. I want to buy next summer (June/July). I have no credit problems since, but I share a 400 per month student loan with my ex and my current boyfriend is making payments on a car that is in my name. I will have no other debt, besides student loans (the old $400 one and a new $100 one) and the $300 car payment. This looks like a lot of debt, but I’m only paying $300 of it. What should I do to qualify for a decent home? Should I make my boyfriend pay off the car faster? The stupid student loan place will not separate our consolidated loan either. So it looks like I have $800 in debt that I pay when I only pay $300! I will be starting a second career as a paralegal, so I’ll only have about 6 mos. in a new job. Are there any lenders or agents on this who have any ideas?
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My husband passed away last year and I have medical bills and credit card bills that I can’t pay, would like to know if I were to file bankruptcy can I include my home equity line of credit?