Archive for Avoid Foreclosure
Help With Foreclosure Proceedings – Should I Close My Savings Account?
Posted by: | Commentswe have a HUGE monthly mortgage and haven’t paid our bills in like 6 months- so they start our hardship paperwork (to avoid foreclosure and possibly qualify as we have a Fannie Mae loan) as i lost my job. The problem is that my wife has a seperate savings account with about 7k in it that she was saving to open a business with her mother. We have to report all our financial information to qualify for the hardship, including this account. Any advice? Should we just make a big withdraw, but then they’ll see that? Any help would be appreciated. Thanks!
Have You Gone Thru Foreclosure & Chapter 7?
Posted by: | CommentsWe recently filed Chapter 13 to avoid foreclosure, but now I am thinking about letting the house go and changing to Chapter 7? We can’t afford the house mtgs, taxes and insurance on our reduced salary. Question – in a chapter 7 can the creditors (?) come in and take stuff from your house? If so, what are they looking for – high ticket items? We do not have any. Husband is afraid they will come in and take all kinds of stuff. I disagree. With all the foreclosures coming down right now, they do not have the time or expense to chase all these down.
What about the 2 cars we are behind on payments on?
Has anyone gone thru this?
What Is The Definition Of A Minimum Payment?
Posted by: | CommentsA. One twelfth of your total balance
B. A percentage of your current balance
C. the dollar amount required to avoid foreclosure
D. The dollar amount specified in the truth in lending act
Short Sale Vs. Foreclosure?
Posted by: | CommentsMy exhusband and I went through the process of a short sell on our house to avoid foreclosure. Does this look the same on my credit report?
Home Is Going Through A Short Sale, Who Pays For The Realtors?
Posted by: | CommentsMy home is trying to go for a short sale to avoid foreclosure. I’m going into foreclosure because I don’t have any money. If the short sale goes through and there is a winning bid, who ends up paying for the closing cost and the Realtors?