Archive for Help
Is It Possible To Help A Friend In Foreclosure And Become Part Owner?
Posted by: | CommentsI have a friend in Corona, CA who is yet another statistic in the subprime home financnig fiasco. He purchased his home for $525,000 2 years ago, and it is now worth about $400,000 and still potentially falling. He plans to walk away.
I am looking to buy a home. I have about $20,000 I can use. Is there any way I could use that and refi with him, and we both own the house? To kind of help bail him out and avoid foreclosure? A benefit to both the bank and us. Although that would also seem like a short sale to himself…Maybe only the bank can answer that but maybe an experienced banker is on here and knows the insides of current home financing situations.
Thanks
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!
Does anyone know the name of the program or the website to the program that President Obama put in place to help people keep their homes and avoid Foreclosure???
Help Available To Purchase Home For Those On Unemployment?
Posted by: | CommentsAnyone know if any government help is available to people on unemployment to help in the purchase of a home. Possibly with this stimulus package?All types of help is available to help you stay in your home, to avoid foreclosure, but is there any help for those of us who have already lost our home?
What’s The Best Credit Card To Get To Help Rebuild Credit?
Posted by: | CommentsI want to get one credit card to rebuild credit. What’s the best one right now. I hear Capital One is a really bad one. We filed chapter 7 after losing a business and get tons of offers. I don’t plan on using it other than to just keep a small balance and show good payment history. We are working on getting back into a house in the next year. We sold our house to avoid foreclosure and are currently renting.