You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Is there anywhere to get a equity loan to save my home even though now I have terrible credit?”.
-
Archives
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
-
Resources
-
Meta
BENJAMIN
I’m a mortgage broker from Edmonton Alberta, I would recommend not going into bankrupcy as this will have long reaching effects on any future plans of owning a home or starting a business. In my opinion I would talk first with your lender and see if they could refinance your loan to affordable levels. Or if that’s not what you want sell your home and take what equity you can and start again. A lot of people think bankrupcy is an easy way out, but from my experience it will have a big affect on your future plans
MALCOLM
I.m sorry to hear your challenges, if you have equity in your home, I would find the best real estate broker (interview 3) determine the true market value of your home and have them sell it asap.
Call you bank and tell them of your situtaion, they may have a program such as a “Workout”
If you have no equity, ask the lender about a deed in lieu of foreclosure. This could protect you credit.
Banks do not want to foreclose.
Perhaps a real estate attorney or good broker can be objective and offer some sound advise.
Your family is important and hang in there.
JERRY
Please send me pictures of the house, let me know what is due in back mortgage, who the lender is, and how much you would need to move, what your monthly payments are, and the complete address of the property. I may be able to help you avoid foreclosure. Anyone one in the same procession can contact me as well
IRA
Man, Jim is the only response that you got from someone not trying to scam you out of $ and identity.
You may need to settle on selling w/o a profit, I don’t know enough to help with that.
Bakruptsy will not stop the foreclosure.
If you are really in bad shape you are better to move into a family members home and rent your place out to make the mortgage payments.
Also, talk to your bank, I am amazed how many people don’t talk to them. They honestly may have a solution to aviod foreclosure.
BTW, you can move, but your credit follows you there too.
Good luck to you! Avoid the sharks on here, they are out trolling for victims, and that is the last thing you need.