Tag Archives: Job

Bankruptcy in Arkansas?

SHOP GIRL asked: I live in Arkansas and have recently lost my job and my husband and I are getting divorced. We have 1 child. We have a very large credit card debt load (30,000.00) that is all in my … Continue reading

Posted in Credit | Tagged , , , , , , , , | 2 Comments

I have a mortgage and a equity loan on my condo. I owe more than it is currently worth. should I forclose?

JB 007 asked: A friend tells me to just foreclose … but I want to keep a roof over my head … All my earnings are going into the home, there is no savings and I just lost my job!Lynn

Posted in Renting & Real Estate | Tagged , , , , , | 3 Comments

Should I let my home go into foreclosure? ?

Skye asked: Here is my situation. I own my home and have a home equity loan that I assumed after my divorce. I owe $133,000 on my mortgage, plus $20,000 in a home equity loan that my ex took out … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , | 4 Comments

can you buy a second home with a 800 credit score and limited history of income?

Kenetik30 asked: my girlfriend has a condo in los angeles which is worth 300K. She tried to start a business and quit her job 2 years ago. well suffice to say the business is and was not going too well … Continue reading

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Is there help for us to combine our home equity and home mortgage?

Box asked: I will try to make this short, it is complicated. We own 2 commerical buildings, and our home. We have been trying to pay down credit cards for 4 years now with Consumer Credit Counselors. Well economy is … Continue reading

Posted in Personal Finance | Tagged , , , , , , , , , , , , , , | 3 Comments

How do I protect myself from taxes with a mortgage loan to my children?

Rolleen asked: My daughter and son-in-law and two small children moved to the US from Italy and have been living with my husband and me for the past 7 months. They want to buy a house, have $75,000 in cash … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 1 Comment

Can I get a home equity loan 2 years after bankruptcy?

Chris G asked: I had a business failure that caused a personal chapter 7 bankruptcy which was discharged in April of 2007. I currently have a tax lien on the home due to some IRS penalties, interest and taxes owed … Continue reading

Posted in Credit | Tagged , , , , , , , , , , , , , | 7 Comments

can home equity loan go to foreclosure?

rubie00 asked: When my house was worth something a few years ago I paid of an existing mortgage with a 30year fixed home equity loan. I also took out a small home equity loan for improvements. I had a ton … Continue reading

Posted in Renting & Real Estate | Tagged , , , , , , , , , , , , , , | 3 Comments

Invest in Roth IRA or use more Home Equity for Rehab Project?

OP-lo asked: I currently have a stash of cash in a money market earning 3.61% APY. I also have a home improvement project set to start later this month. I have enough cash to cover about 40% of the project. … Continue reading

Posted in Investing | Tagged , , , , , , , , , , , , , , | 5 Comments