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adonis
Joined: 22 Oct 2005
Posts: 10531
Location: ALASKA
1085.02 Dollars($)
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bankrupcyus
Joined: 08 Jul 2010
Posts: 13
Location: USA
3.16 Dollars($)
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Post subject: Re::Foreclosure vs bankruptcy - Which is right for you? |
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This is great!Now I fully understand what you mean by taking it from Start to Profit and have a better road map for doing it.
[URL Deleted as per forum rules. Thanks] |
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foreclosureus1
Joined: 24 Nov 2010
Posts: 12
2.94 Dollars($)
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Post subject: Foreclosure vs bankruptcy - Which is right for you? |
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This is great!Now I fully understand what you mean by taking it from Start to Profit and have a better road map for doing it.A Chapter 13 Bankruptcy is a solution to the problem for many people who have regular income and just need some extra time to catch up on the mortgage payments that they missed.
[URL Deleted as per forum rules. Thanks] |
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peaches
Guest
0.10 Dollars($)
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Post subject: foreclosure vs bankruptcy |
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| credit scores are above 800-in a home that is appraised for more than a buyer in this area is willing to pay and don't have a buyer that is willing to pay what is owed on house even though amount is more than 100,000.00 less than appraisal-how do we get out of this which we no longer want to live in-really too much house for us- |
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adonis
Joined: 22 Oct 2005
Posts: 10531
Location: ALASKA
1085.02 Dollars($)
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Hi peaches,
If you're facing problems in paying off the mortgage, then you can contact the lender and apply for a deed in lieu of foreclosure in order to get rid of the property. To know more about deed in lieu of foreclosure, take a look at the given page: http://www.mortgagefit.com/deed-lieu.html
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Procrastination is the enemy of your financial success |
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stephenmars
Joined: 18 May 2011
Posts: 4
1.91 Dollars($)
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Sincerely neither option is going to be easy. Generally, a foreclosure will remain on your credit report for 7 years, while a bankruptcy remains for 10 years. But that doesn’t mean foreclosure is necessarily the better option.
Before you accept that foreclosure is a foregone conclusion, if possible try to avoid it. If you’re having trouble making payments, contact your lender before the process goes any further. Even if you’ve gotten an official notice of default, saying you’re several months behind, you still have time before the formal foreclosure process begins.
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Don't let the Bank Win. Save Your Home! |
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ajr
Guest
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Post subject: disability |
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| bankruptcy7 and need to rent asap where do we go? funny the legal rep did not mention this part of starting over as well as how, where can my family be accepted as a renter? tks for all i've read so far. il |
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smithsussane
Joined: 18 Sep 2008
Posts: 10391
Location: Alaska
978.21 Dollars($)
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Hi ajr!
Welcome to forums!
This is very difficult to tell as to where will you and your family be able to rent a home. I will suggest you to contact your friends and relatives and check out if they can help you in finding a home to rent.
Feel free to ask if you've further queries.
Sussane |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
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AJR, you may want to seek out a housing counselor (look up on FHA site at .gov). There you may find the assistance you need, and at the very least, you will be favored with support and beneficial advice no matter what.
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George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
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confusedn????
Guest
0.10 Dollars($)
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Post subject: |
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| Who should I talk to bankruptcy lawyer, a financial advisor, or real estate attorney? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Hi confusedn,
If you're filing bankruptcy, then you should speak to a bankruptcy attorney. If you have any financial issues which you want to resolve, then you should speak to a financial advisor and if you have any issues with your real estate, then it's better to speak to a real estate attorney.
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alvinajohn
Joined: 25 Dec 2011
Posts: 38
7.96 Dollars($)
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Post subject: confusedn |
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confusedn! i think you should talk to real estate attorney!
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www.foreclosures-gov.ca |
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