Home arrow Mortgage Forums arrow Budgeting and Personal Finance arrow

foreclose after bankcruptcy

Author Message
marajun

Guest







Post Posted: Mon Jul 26, 2010 9:42 pm    Post subject: foreclose after bankcruptcy
Like 0
Dislike 0

my husband got laid off & filed chapter 7. we did not include our house in the bankcruptcy, but
can not keep up with mortgage so we are in the process of short sale or
foreclosure. we had our home for 21 years. we have 1st & 2nd loan. are
we going to be liable for the tax if we short sale or foreclose the house?
we did not re-affirm to the lenders.

_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
Icon Mini Profile kristinthomas21





Joined: 06 Aug 2010

Posts: 5

2.00 Dollars($)
Post Posted: Fri Aug 06, 2010 10:56 pm    Post subject:
Like 0
Dislike 0

There is hope for those who have made mistakes in the past, but their willingness to continue to buy a house after bankruptcy. This is a good time to sit down and identify this debt and finance. Make a plan to eliminate the debt. Write confirmed to do things seem much more manageable than just continue to stay still persistent widespread fears that economic issues are spun out of control.
_________________
Manakin Sabot Va real estate listings
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Refinance Quotes
Call for Rates
Speak to a lender now.
We will match calls to our toll free number with our network of lenders.
Highlights

Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Helpful References
34 Tax tips boost your savings
12 financial ways for Seniors
Budgeting Lesson 1
401k/403b Retirement Loan


Calculators     [View all]
Calculate Debt-Income Ratio
Calculate Retirement savings
Convert IRA to Roth IRA
Tax savings in 1031 Exchange


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.







We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.047 seconds.