- This topic has 4 replies, 2 voices, and was last updated 10 years, 2 months ago by Anonymous.
- May 5, 2011 at 9:29 am #203918AnonymousInactive
…job of 11 years? I was just laid off and am thinking about filing bankruptcy on my approx. $17,000 credit bills debt and let my home forclose @approx. $75,000 owed OR do a debt consolidation service on the $17,000 with out my home and just see what happens. I am scared as there are no jobs in Michigan making near what I made before being laid off. Please help!
- May 18, 2011 at 3:40 am #429252AnonymousInactive
get a job!
- May 18, 2011 at 4:32 am #429253AnonymousInactive
If she is incompetent her mortgage may not be legal. But since she was diagnosed after it may not be a defense. Other than refinancing to a better mortgage I don’t know how she can save her house.
Assisted living is for people who need caregivers she may not be to that stage.
Sorry she didn’t have anyone on her side with a transaction that large.
If you are in bankruptcy you probably can’t be much help to her.
- May 18, 2011 at 4:43 am #429254AnonymousInactive
Keep the home?!?!?! Why would you keep it? If she was suckered into buying a HALF MILLION DOLLAR HOME then you should do everything in your power to get out of it. If she was not capable of making the decision, then the contract is very likely not valid and you can unwind the whole deal.
See a lawyer.
- May 18, 2011 at 5:14 am #429255AnonymousInactive
Do you NEED this house? If so, you need to refinance to a fixed rate. If you have good credit you might be able to get a cheaper payment, but not a lot cheaper with a debt amount of $ 417,000.
Otherwise, say goodbye to the house. If you aren’t current on the payments in a chapter 7, you don’t get to keep the house without somehow coming up with the reinstatement amount.
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