I filed chapter 13 in Ohio to save my home. Three years in, Charter One sent me a letter stating they charged off my mortgage and elected not to foreclose. When I contacted them, they gave me the run around for twenty five minutes. Finally someone told me that they didn’t understand why they did it because my chapter 13 payments and mortgage was current. I checked my deed and title and no liens are on either. It show a satisfaction of mortgage. What is going on?

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I have a few qustions regarding chapter 7 bankruptcy – not sure if anyone would know the answers to any of them. I haven’t filed yet but it is a consideration.

1. I bought a new car last year – my father is the primary on the loan and i am the cosigner – how does this affect his credit? I am current on payments and will continue to be current.

2. My ex husband and I bought a house together when we were married. I am the primary on mortgage and he is second. In the divorce he got the house and modified the mortgage based on his income. If I file will that mess up anything with him?

3. I am an authorized user on my fathers credit card although I haven’t used it in years – will my filing affect this on his credit report?

4. I am in desperate need of a new bed – if I buy one before I file will this have any affect on the filing (not buying with credit – paying outright).

THanks for your help. I hate the idea of filing bankruptcy but Im now being sued because a creditor won’t work with me for a manageable payment plan (they want more than I make in a month). If anyone has any other alternatives I would appreciate that too.

Technorati Tags: chapter 7 bankruptcy, cosigner, credit card, credit report, creditor, current 2, desperate need, divorce, filing bankruptcy, manageable payment, mortgage, new car, qustions, thanks for your help

We are considering chapter 13 as we are deep in debt with interest rates so high we can barely afford the minimum payments. We are not behind on our mortgage. Do we have to include our 1st and 2nd mortgage in the reorganization? Or do we keep those separate? Is it all debt? Or just unsecured debt?

Technorati Tags: chapter 13, interest rates, minimum payments, mortgage, reorganization, unsecured debt

I have too much business debt and need to file chapter 7 bankruptcy for my business and for myself. If I do that, do I still get a chance to modify my mortgage?

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My mortgage was included on a chapter 7 bankruptcy 2.5 years ago. I continued making payments until recently and now have decided to walk away from my home. Will a judgment of foreclosure be added to my credit report even though the debt was discharged?

Technorati Tags: chapter 7 bankruptcy, credit report, foreclosure, judgment, mortgage

SO my wife and I purchased our first home in 2006, and shortly after we had our daughter. Due to a lot of time off from work due to complications in my wife’s pregnancy, and me losing my job we fell behind on the mortgage. We struggled with paying what we could until the economy got really bad in 2008 and we couldn’t afford to even pay the morgage at all. Then in June of 2008 we lost the house to forclosure… Now my credit score is in the low 500’s and I can’t get approved for ANYTHING. I know from researching that both foreclosure and bankruptcy stay on your credit for 7 years, but which is better to deal with??

Technorati Tags: bankruptcy, credit score, economy, foreclosure, job, morgage, mortgage, pregnancy

Like many people in LAUSD are getting laid off, teachers, counselors, librarians and so on. Lets say they get off, they don’t have a job so they can’t pay their mortgage, or pay the loans to the bank, therefore lose their house…So many people won’t be able to repay their bank loans then the banks could possibly go bankrupt? Whats the process of a bank going bankrupt simplified? Basically, what are negative effects of the LAUSD layoffs on the economy?

Technorati Tags: bank loans, banks, counselors, economy, job, lausd, layoffs, librarians, mortgage

i am behind on my car loan 4 months and my 2nd mortgage and some bills total loan would be 12000 plus giving up my car will I be able to get credit again

Technorati Tags: 4 months, car loan, mortgage

Hello,
I am trying to figure out how to buy a tiki bar(that I constructed) that is part of a hotel and does not have a seperate property address.
How would I be able to set this up so that I can own the tiki bar and protect myself in case the hotel owner files bankruptcy or defaults on the mortgage on the hotel?
Is there a way for it to be titled to me, a land lease, a construction lien or what?

Please help with any creative suggestions as well

Technorati Tags: bankruptcy, construction lien, creative suggestions, hotel owner, land lease, mortgage, property address, tiki bar

I am a single mom, own a house, my son’s father is not paying a penny, and I just lost my job. Obviously, I can’t afford to paying my mortgage any more. So what can I keep when I file bankruptcy in CA? I have some 401k, a car, 30K of credit card debts, and student loan, no savings…

Technorati Tags: 30k, 401k, bankruptcy, credit card debts, job, mortgage, single mom, student loan

I became a landed immigrant to North America when I was 19 years old. After that I got married and started a family. After my mom passed away 15 years ago I felt a responsibility to take care of my family members such as my brothers and sisters. I worked very hard for them and sponsored them to come to North America.After I brought my family to North America, I tried to start my life and then found myself in more than 0,000 + worth of debt. I’m 45 years old and still working very hard (84 hours a week) and I bought a place to live with 0 down payment just to give my children a better place to live. So now i’m in a very stretched and stressful life because all of our income comes and goes to the interest because I don’t want to go bankrupt and yet it’s hard to deduct any debt that we have. So, what is the solution to pay off all my debt, so I can focus on my mortgage? I need a concrete and helpful answer please and thank-you.
Thank you for all your responses. I just want to explain to you that I put myself in this situation because of helping my family, in other words my generosity. Even though i’m 45 I keep working hard and hopefully I will see the golden result.

Technorati Tags: 19 years, 45 years, brothers and sisters, family members, generosity, mom, mortgage, north america, stressful life

We have a home in NJ, we have a mortgage and a home equity loan, we have never missed a payment. We need to move and can’t sell our house while using an agent without losing money with thier commision. Is there any way to simply give the house to the bank to settle the debt and walk away without foreclosing?

Technorati Tags: home equity loan, money, mortgage

The owner of the rental property we live in is apparently in financial trouble, we received 2 letters stating the mortgage has not been paid since March ‘08. The Property Management company says the owner is "talking" to an attorney regarding bankruptcy, so no clear answer on whether or not she has filed yet. So if she had filed already, how much time do we have to find another home, and what is the Management companys responsibility to us as far as remuneration, refund of our deposit, etc.

Technorati Tags: bankruptcy, financial trouble, mortgage, property management company, remuneration, rental property

We currently have a home and mortgage and always pay on time, etc. I filed bankruptcy last year and was just discharged due to a failed business. I previously had perfect credit.
We want to sell our home and move closer to DH’s work. Will DH qualify by himself this time? He has the high, steady income but I don’t think enough to qualify for such a high mortgage on his own. But, we will be putting down 20% so will that make a difference? I’m afraid if we apply with myself we won’t qualify due to the bankruptcy on file.
Thanks!

Technorati Tags: bankruptcy, mortgage, steady income

We are up to date on all payments for our mortgage & vehicles. Our truck gets paid off next year & I would hate to lose it. I have 2 children, so I really need my car as well, and we built our home ourselves (like literally, we physically built it) & would hate to lose it. I was just wondering if we would be able to keep this during a bankruptcy?

Technorati Tags: amp, bankruptcy, mortgage

I am 2 payments behind on my mortgage, about to be 3 payments. My husband is about to lose his job because he has to be out of work for 2 weeks due to having an emergency appendectomy, my electric bill is almost 30 days past due. What would filing BK do to my mortgage?

Technorati Tags: bk, emergency appendectomy, job, mortgage

First I would like to say my first wife was a gold digger!!! I married her back in 1997 & even though I make great money now & made great money in 1997! After my divorce from her in 2005 I continued to make all the payments towards our home,cars,credit cards,4-wheelers,etc….. Since then I got remarried & things are great with this marriage "Thank God!" but last year I finally had to file chapter 7 bankruptcy due to the fact the mortgage my first wife left me with was ,700.00 per month After almost five years of trying so hard to make the payment it all caught up with me last year. Even though I was up to date on my mortgage I finally had to call the bank & tell them I couldn’t make the ,700.00 payment no more & asked the bank if they could just give me a 4.5 interest rate & if they couldn’t I wouldn’t have to file bankruptcy ! After a week went by my bank called me back & said no sir we can’t sorry ! Stunned that my bank had rather me file bankruptcy as to give me a lower interest rate because of a credit score I was floored !!! What the bank was basically telling me was if I couldn’t continue to pay them 8 percent in interest I could go fly a kite !!! So what do I do now ??? What bank would loan me money ? The judge has already granted my bankruptcy!
It’s only been two months since my bankruptcy was granted !!! I want my home back or one like it !!! My home was nice & I can’t live in a shit hole over a credit score system !!! Its all BS if you ask me !!! My income is around 52,000.00 per year & still is ! I need a bank that will work with me on a new home loan & not give me a high interest rate due to a freaking credit score !!! THE CREDIT SCORE SYSTEM IS WHAT GOT ME IN THIS MESS IN THE FIRST PLACE !!! The system is way the hell to picky !!!! If a bank checks your credit it hurts your score lol & if your not even but a few days late on a payment "not months" it hurts your credit score, it just goes on & on… it’s stupid!!!
But anyway I’m a great person & I was good to always pay my mortgage but my banks greed over a credit score system got my bank & myself no where !!! What do I do now ? How can I get a good home without another bank stiffing me? Any help would be appreciated !!!! Thanks

Technorati Tags: amp, bs, chapter 7 bankruptcy, credit cards, credit score, divorce, few days, first wife, fly, god, gold digger, hell, high interest rate, home cars, home loan, kite, marriage, money, mortgage, score system

I can pay my mortgage and live on my salary of 40,000 a year without a problem. I have no credit card debt and drive an older paid for car. I do not eat out except on rare occasions. I am frugal but comfortable.

Technorati Tags: credit card debt, mortgage, rare occasions, salary

I have K in cc debt with an average of about 14% interest. Another K in 0% financed stuff, ,400 mortgage, and 0 car payment, 0 student loan payment, and another K in bills each month. Due to new kiddo and making almost half what i did due to sudden change at work, i can barely pay the minimum I need to plus just K towards my debt each month. I have stopped spending money on anything, but the interest and amount of debt is killing me, and im sure the credit card companies are just waiting for me to miss one payment to default me to 33.3% interest. Please no guilt trip on the amount of debt, i got stuck with alot of it after a divorce 2 years ago and i didnt even do the spending!!

Technorati Tags: alot, car payment, credit card companies, divorce, guilt trip, kiddo, mortgage, spending money, student loan payment, sudden change

if you don’t have income to keep paying on the mortgage?

How can you avoid losing your property (house) when filing?

Technorati Tags: mortgage

he was always so controlling growing up. i couldnt drive like my friends could he never let my mom drive either. he always had to drive her out of town. i remember going to the store and i would be with him when he would see a stranger I felt like i would be kicked aside and his performances would began. he would make them feel like he is the best guy in the world. he would always had this thing for helping strangers over his family. we were always brushed aside if a stranger needed help. i just always thought this was weird growing up. i left got married. not 13 years later….i havent lived near him in those years and decided to move down the street from him. he is a contactor and he said he would do anything i wanted to my house and help me. so i paid top dollar for it and i thought my husband ,me and him would work on the house. he does some drywall work and then rips out the bathroom and rips stuff out upstairs and rips the stairs off says he is going to build me the best stairs . so my husband and i are working with him try to learn and do what we can. i was paying him what i could and then he found out i paid the wood layer to lay wood on the floors and he got really pissed and started telling my mom that we are just USING him. He said he is never going back down there and helping me. so my husband and i are now stuck with this house that he just decided to rip stuff out of and say how good he is at fixing it. he knows we dont have any money to hire contractors and we are very limited on knowledge about how to fix it. he would say you cant fix it because you dont have to money to hire contractors. and stuff like that. so my husband and i have been for the past 6 months try to learn and fix. in the meantime during this remodeling period he promised me i would be in the house christmas and i told him we cant do this together longer that that because i have another mortgage and i have to get my house ready to sell. he said i would be in the house last christmas. no he just walks in the house and said if you dont pay me for working 500 a week i would put a lien on your house or you can finish it yourself. so my husband and i just decided to finish it ourselves. he is an alchoholic gets drunk every night. the bad news is that i have been staying with him and my mom until the remodeling is done. he got mad at me last week and locked me and my son out of the house after i went to the grocery store and couldnt get my other child out of the house. my daughter let me in . he changed the locks and my key wouldnt work. he is very jealous because he knows i have about 100,000 equity in my other house and i was asking him to do this one little job that i could find anyone else to do and he thought i was talking about the house i have all the equity in and said he is absolutely not going to do any work on that house and me turn around and sell out and make money on. i had to sell all my stocks have been through my savings just to not lose anything. the whole house was ripped out and i couldnt get my other house sold that had the equity in until i got the house ready to store my stuff in because i couldnt afford storage and had nowhere to put my stuff. he shows no concience. how could you lock your grandchild out of the house? i told him that i am going to lose my house and have to file bankruptcy because he bailed on me and ripped my house out and he could care less. he never showed love to me growing up and doesnt now either. its very eery. i tell my kids i love them all the time. it seems he wants to win. my husbands family has really been helping us with out house trying to get it sold and he gets really pissy not happy for us that they are helping. i asked him if he could just please bring his triler over to the house after work instead of the morning so i could move some furniture and there will be 5 other people here also. he said oh so you are trying to con me into moving furnture. i litterly have to have another person around me when he does stuff for me because he puts on this great show and does this spectacular job when a stranger is around. if it is just me and him he will be throwing my furniture around. i feel like he wants to win . he wants me to fail. this is about him not helping and then us failing and losing one of the houses. he told me when he said he is not working any more on my house that HE has the power to get me and the kids in out house . I have wondered what i did i was a model child growing up and never asked him for anything before this house thing which was a huge mistake. and then i started reading about being a sociopath and he fits the criteria but i am not a psychologist

Technorati Tags: 13 years, christmas, contactor, drywall work, last christmas, mom, money, mortgage, stairs, stranger, top dollar, upstairs

i made the mistake of buying a house with my dad to remodel it and eventually sell it. we are in the middle of it, and my dad (who has serious anger issues) isn’t getting his way on something and is threatening to file bankruptcy if i don’t do what he wants. what can i do? my name is on the mortgage, i can’t afford the house by myself, but i don’t want to file bankruptcy, i’m on ly 22. i don’t know what to do! does anyone know what my options are? it would be hard to sell the house as is.. one of the bedrooms doesn’t have any flooring, lighting etc, and a bathrooom is the same, we really are in the middle of everything. if anyone could help that would be great. thanks!
we had had an argument yesterday morning, he kept calling me over and over to yell at me, instead of just giving some space to cool off. we were sappossed to be laying tile tonight, but i said that i wouldn’t be so long as he continued to yell, and then he yelled for another hour and a half before i went to work this morning, when i said well since you still want to yell, i won’t be over tongiht, that is when he said he would be filing bankruptcy.

Technorati Tags: anger issues, bedrooms, buying a house, dad, filing bankruptcy, flooring, hour and a half, laying tile, ly, mistake, mortgage, yesterday morning

I refinanced my home in 2008 and the company I went through only carried the mortgage for one month, then sold it. I got the tax forms for the previous and current companies, but not for the one I had for one month. The company is gone, the website down, and I have no way to contact them. How do I finish my taxes without?

Technorati Tags: current companies, mortgage, tax forms

I am 25, married, and own a small home. Due to very slow payment (I pay mortgage with student loan monies when they arrive), my house is going into foreclosure. I also have a lot of debt from medical expenses, and hubby has major debt (car, credit cards) from his teen years.

I have enough money to reinstate my mortgage without filing some type of bankruptcy. However, that would leave me with no lump sum of safety money. I do work, so I could feed myself – but I never seem to have enough income to pay for regular expenses AND my mortgage. So, if I don’t file bankruptcy and I catch up/reinstate my mortgage…I know I’m going to fall right back into the "non-payment" category again.

Is catching up my mortgage better than filing bankruptcy? What about the other debts that I have? How is credit affected?

(I’m going to grad school, so I have many years of being a poor college student left. I just need to know what I should do about my house and other bills in collections)
Husband is college student too. Together our income is still VERY tight on making all payments on time.

Yes we have cell phone – but no cable/internet/home phones. I don’t know what else to cut.

Technorati Tags: cable internet, car credit, cell phone, collections, credit cards, debts, filing bankruptcy, foreclosure, grad school, hubby, loan monies, lump sum, medical expenses, mortgage, poor college student, student loan, teen years

I’ve been out of job for long time, plus medical bills and I am facing foreclosure, as well as months of unpaid c/card and one unsecured loan bills. I don’t think I can pay both mortgage and c/card bills. I want to keep the house and the only way out of this situation I see is to file for bankruptcy. I finally have good job offer in my field that i am about to accept. I wonder if I should file while I am still unemployed, or when I have a job. Thank you

Technorati Tags: bankruptcy, c card, card bills, facing foreclosure, good job, job offer, long time, medical bills, mortgage, unsecured loan

As a last last result is it possible? I can no longer pay for my mortgage. I have been trying to sell my home and I will next try a deed in lieu , should it fail I will have less options. i want to know all teh options besides foreclosure. And please dont tell me to stay in my home. I need real answers from realtors or people who have been in my shoes.

Technorati Tags: deed in lieu, foreclosure, last result, mortgage, realtors, shoes

When is a good time to file for Bankruptcy? before or after foreclosure?
I received a letter in the mail from an attorney. My lender wants to start the foreclosure proceedings. At the moment, I am 11 months behind on my mortgage. I want to dump the house as I owe 20% more than it is worth. What happens if I file for bankruptcy right away? Does that cover the foreclosure too?? Or would the bank come after me after it sells my condo for the difference? I have a lot of credit card debt n auto loans that I want to get rid off in bankruptcy as well. I’ve been

I live in illinois

Technorati Tags: auto loans, bankruptcy, credit card debt, foreclosure proceedings, good time, letter in the mail, mortgage

If you are delinquent in your mortgage because you have been unemployed for a while and scrambling to get a job and none is forthcoming. Your lender is playing a frustrating game to avoid modification and has started forclosure proceedure. Can Chapter 7 do anything to help keep your home or probably delay the sale for you to get a job in California?

Technorati Tags: chapter 7, game, job, mortgage

Home owned by unmarried parties. one party no longer inhabits home or pays mortgage, bought different home independently and is now in foreclosure on that property. Is my home in jeopardy to settle their debts? How do I protect my interest in my home? who do I contact, how do I proceed?

Technorati Tags: debts, foreclosure, jeopardy, mortgage

Is it true that a person must wait three years after including a mortgage in a chapter 7 bankruptcy before reapplying for another mortgage?

Technorati Tags: chapter 7 bankruptcy, mortgage