I know here in the mitten state people who have stayed in their homes for nearly a year. You should truly check with the local housing commision, whatever its called in your area. There is a lot of good advice.
Foreclosure advice
- Thread starter cassie
- Start date
I think someone who would criticize someone they don't even know for facing foreclosure is just mean. People don't lose homes on a whim.
I was doing well years ago until the company I worked for was acquired and I lost my job. Add to that a child that was repeatedly hospitalized, and having a job where I not only made much, much less, but that did not allow me to take a second job.
I finally found a job that paid almost as much as the one I lost, my child finally recovered, and I finally started working a second job, but it was all too late. I was too far in the hole by then and lost my house. I worked seven days a week for two years and could not pay the mortgage.
Judging people is just not cool.
I was doing well years ago until the company I worked for was acquired and I lost my job. Add to that a child that was repeatedly hospitalized, and having a job where I not only made much, much less, but that did not allow me to take a second job.
I finally found a job that paid almost as much as the one I lost, my child finally recovered, and I finally started working a second job, but it was all too late. I was too far in the hole by then and lost my house. I worked seven days a week for two years and could not pay the mortgage.
Judging people is just not cool.
The banks get money from the federal reserve and that is controlled and the rules set by the house ways and means committes so the real blame is not the banks (the politicians that controlled the money would have you think that) but on the politicians.
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Exactly what Chapter 13 is for.
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I recommend to anyone to buy owner carry contracts. Those loans seem to be surviving.
Chickened you're right, thank you for setting me straight on that.
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Yes but it's the banksters that paid the politicians to make the rules they did. Yes the politicians are more to blame because they are supposed to protect us from unscrupulous business practices. Not everyone knows all the ins and outs. It takes experience and it can be quite an expensive experience if you don't have personal knowledge and trust the wrong people.
Yes but it's the banksters that paid the politicians to make the rules they did. Yes the politicians are more to blame because they are supposed to protect us from unscrupulous business practices. Not everyone knows all the ins and outs. It takes experience and it can be quite an expensive experience if you don't have personal knowledge and trust the wrong people.
You are right in a perfect world however the politicians could have said no thank you. The old adage "buyer beware" seems more appropriate. I for one could do without banks being in the loan business. Private loans are much better. I cannot find where in the Constitution where the government should regulate or own banks or redistribute the people's money through lending programs, providing for the general welfare is not the reason.
Sorry OP will try to stay on topic. You might try to find someone that will pick up your loan. Bankruptcy will give you protection and help save your credit.
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Yes but it's the banksters that paid the politicians to make the rules they did. Yes the politicians are more to blame because they are supposed to protect us from unscrupulous business practices. Not everyone knows all the ins and outs. It takes experience and it can be quite an expensive experience if you don't have personal knowledge and trust the wrong people.
Sorry OP will try to stay on topic. You might try to find someone that will pick up your loan. Bankruptcy will give you protection and help save your credit.
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Yes but it's the banksters that paid the politicians to make the rules they did. Yes the politicians are more to blame because they are supposed to protect us from unscrupulous business practices. Not everyone knows all the ins and outs. It takes experience and it can be quite an expensive experience if you don't have personal knowledge and trust the wrong people.
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- Thread starter
- #29
- Mar 19, 2009
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I don't WANT to stay here. Unlike a lot of people I have somewhere else to go. My husband took out a loan on this property four years ago. I was not really involved in the process because at the time I was half way across the state caring for my ailing parents, and I had all I could cope with there. My husband died suddenly and unexpectedly a year ago, and without his income there is no way I can make the payments even if I wanted to stay here. I knew I wasn't on the loan, but I recently found out I was no longer on the deed, either. The mortgage company has flatly refused to talk with me because the loan is not in my name. This is a community property state, and at his death the property automatically goes to me unless a will states otherwise. Doesn't matter. They won't talk to me. I am OK with that particularly since the value of the property is about 40K less than what is owed. I just need to know how much time I have to pack up the rest of my stuff before I absolutely positively have to be out of here. I know it is somewhere between three and sixty days. I think I have 60 days, but I keep getting conflicting advice and I am not sure where to go to get the facts. If it is 60 days, I am in good shape. If it is three days, I am in deep poo.
I would get prepared and wait. It allows you time to save for moving.
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