Upside Down Mortgage

Posts Tagged ‘bankruptcy’

Home Loan Modification Bankruptcy

Question: My mom is borrower and i am co borrower. She is filing Bankruptcy. How does this affect me?

My mom has decided to file BK due to some financial struggles. My husband and I live in the house with our children and have been the only ones making the mtg payments. My mom wants to take the house into BK. The mtg is extremely high and we are not sure if we can afford it anymore. In the mean time we are in the process of trying to get the loan modified. My question is, how will it affect me if the house goes in with her BK? We are going to see a lawyer on Monday but i am curious to see if anyone knows? Im not sure that we have another choice if the Loan modification doesnt get approved. We will have to walk away from the home which will be absolutely heartbreaking. I just got laid off and we are struggling financially. It is going to suck!

Answer: Hate to say it, but if she discharges the mortgage in her filing, the bank will then come after you for the payments.

She should try and file for a chapter 13, (restructuring of debts) this would lower the mortgage payments and you would be safe. If the Chpt 13 fails, then you are on the hook for the money.

Home Loan Modification Program - Home Loan Modification

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Mortgage Modification Act

Question: How much have you lost with the government system that systematically enriched the Banksters?

Now the GD GOP politicians are fighting for their Bankster buddies and are working hard to stop the Home Mortgage Modification Act before the U.S. Congress. Time to call and fight if you are an individual homeowner and not a stinking Bankster or a Bankster's political puppet.

Fight for Home Mortgage Restructuring in the U.S. Congress as seen on CSPAN today. All the GOP members of congress are up and roaring to protect the god d. Banksters. Once the mortgages were reasonably fair, bankruptsy served as a good last resort, but the Republicans got it changed during George Bush's term. Save your home and call your congressman, senator and governor. Fight back while you still can.

Answer: I know! How evil must somebody be to think that people should actually pay their bills?!?

Home Loan Modification And Bankruptcy

Question: On jan15,2009 I go to court to get dismiss out of bankruptcy Can i get a loan modification?

I am now behind three month ,I was in the sub prime scandal that many people are facing today.I retired in 2003 of March and decided to purchase my first home it has been a night mare.Right now I don't know how it's going to work out but I'm hoping that a loan modification can at least help me keep my home.I only file bankruptcy to try an keep my home but I believe I made a big mistake.I Hope someone can give me some uplifting advise.I'm afraid of the people who say they can modify your loan.Who should I trust?

Answer: of course you can try loan modification is only the solution for your query first of all you have to contact your mortgage lender who guide you or you can find many online sources where you can get your solution you can try this source : http://www.refinancing101.net/loan-modification.html is exact match your query. I think you will get solution from here

Home Loan Modification Information - Loan Modification Info