Comments for OC Foreclosure Options http://ocforeclosureoptions.com Providing Solutions In A Weary World Sat, 17 Jul 2010 00:33:40 +0000 http://wordpress.org/?v=2.9 hourly 1 Comment on Being Sued By Credit Card Company While Enrolled In Debt Settlement Program? by skay http://ocforeclosureoptions.com/foreclosure-forum/being-sued-by-credit-card-company-while-enrolled-in-debt-settlement-program/comment-page-1/#comment-8542 skay Sat, 17 Jul 2010 00:33:40 +0000 http://ocforeclosureoptions.com/foreclosure-forum/being-sued-by-credit-card-company-while-enrolled-in-debt-settlement-program/#comment-8542 I'M ENROLLED IN A DEBT SETTLEMENT PROGRAM BUT STILL HAD 2 CREDIT CARD LAWSUITS FILED AGAINST ME. I SHOWED UP IN COURT LAST YEAR FOR THE FIRST ONE, SHOWED THE JUDGE MY PAPERWORK FROM THE DEBT SETTLEMENT PROGRAM AND MOTION FOR SUMMARY JUDGEMENT WAS DENIED SO I WON. I HAVE ANOTHER COURT DATE SOON WITH A DIFFERENT CREDITOR AND DON'T KNOW IF I WILL BE AS LUCKY. IF YOU ARE SUED FOR CREDIT CARD, MAKE SURE YOU APPEAR IN COURT. THE FIRST ATTORNEY LOST THAT CASE BECAUSE THEY NEVER RESPONDED TO THE DEBT SETTLEMENT CO AND NEVER VALIDATED THE DEBT. PEOPLE LIKE ME GOT OVERWHELMED IN CREDIT CARD DEBT AND ARE TRYING TO DO THE RIGHT THING BUT STILL GETTING SUED. ALSO, CHECK THE SOL IN YOUR STATE. IN MINE IT'S 3 YEARS AND I THINK I MIGHT POSSIBLY WIN THE UPCOMING CASE WITH THAT, DEPENDING ON WHEN THE SOL ACTUALLY STARTED. MY LAST PAYMENT WAS IN APRIL 2007. I’M ENROLLED IN A DEBT SETTLEMENT PROGRAM BUT STILL HAD 2 CREDIT CARD LAWSUITS FILED AGAINST ME. I SHOWED UP IN COURT LAST YEAR FOR THE FIRST ONE, SHOWED THE JUDGE MY PAPERWORK FROM THE DEBT SETTLEMENT PROGRAM AND MOTION FOR SUMMARY JUDGEMENT WAS DENIED SO I WON. I HAVE ANOTHER COURT DATE SOON WITH A DIFFERENT CREDITOR AND DON’T KNOW IF I WILL BE AS LUCKY. IF YOU ARE SUED FOR CREDIT CARD, MAKE SURE YOU APPEAR IN COURT. THE FIRST ATTORNEY LOST THAT CASE BECAUSE THEY NEVER RESPONDED TO THE DEBT SETTLEMENT CO AND NEVER VALIDATED THE DEBT. PEOPLE LIKE ME GOT OVERWHELMED IN CREDIT CARD DEBT AND ARE TRYING TO DO THE RIGHT THING BUT STILL GETTING SUED. ALSO, CHECK THE SOL IN YOUR STATE. IN MINE IT’S 3 YEARS AND I THINK I MIGHT POSSIBLY WIN THE UPCOMING CASE WITH THAT, DEPENDING ON WHEN THE SOL ACTUALLY STARTED. MY LAST PAYMENT WAS IN APRIL 2007.

]]> Comment on Has Anyone Used Zipdebt, Charles Phelan’s Debt Settlement Program? by Mike E http://ocforeclosureoptions.com/foreclosure-forum/has-anyone-used-zipdebt-charles-phelans-debt-settlement-program-2/comment-page-1/#comment-8520 Mike E Thu, 15 Jul 2010 18:41:52 +0000 http://ocforeclosureoptions.com/foreclosure-forum/has-anyone-used-zipdebt-charles-phelans-debt-settlement-program-2/#comment-8520 As someone currently using Phelan's program, I can tell you it helped my wife and I a lot by stepping us through each of the steps of the process. We were both self-employed, and we had to liquidate our company due to the recession and customers not paying. The cost may be a bit higher than I think it should be, but we have been able to pay off most of our debts at 40% of the original amount owed. (We purchased the middle option at $397. Based on my results, I would have been better off just buying the $197 program) Overall, if you fit the qualifications Mr. Phelan gives, it is well worth it to you to help avoid bankruptcy. As someone currently using Phelan’s program, I can tell you it helped my wife and I a lot by stepping us through each of the steps of the process. We were both self-employed, and we had to liquidate our company due to the recession and customers not paying.

The cost may be a bit higher than I think it should be, but we have been able to pay off most of our debts at 40% of the original amount owed. (We purchased the middle option at $397. Based on my results, I would have been better off just buying the $197 program)

Overall, if you fit the qualifications Mr. Phelan gives, it is well worth it to you to help avoid bankruptcy.

]]> Comment on Can I Get Evicted From A House That Is In Foreclosure Even If I Recently Made A Lease With A Realtor? by Veronica Reid http://ocforeclosureoptions.com/foreclosure-forum/can-i-get-evicted-from-a-house-that-is-in-foreclosure-even-if-i-recently-made-a-lease-with-a-realtor/comment-page-1/#comment-8449 Veronica Reid Tue, 13 Jul 2010 21:21:06 +0000 http://ocforeclosureoptions.com/foreclosure-forum/can-i-get-evicted-from-a-house-that-is-in-foreclosure-even-if-i-recently-made-a-lease-with-a-realtor/#comment-8449 http://foreclosuremortgageoptions.com/ has everything you need to know about how to protect your house from becoming foreclosed, foreclosure laws, and how to buy houses on foreclosure auctions. http://foreclosuremortgageoptions.com/ has everything you need to know about how to protect your house from becoming foreclosed, foreclosure laws, and how to buy houses on foreclosure auctions.

]]> Comment on I Got My Motorcycle Stolen And Only Had Liability Insurance. by The Freak Show http://ocforeclosureoptions.com/foreclosure-forum/i-got-my-motorcycle-stolen-and-only-had-liability-insurance/comment-page-1/#comment-8442 The Freak Show Tue, 13 Jul 2010 20:03:04 +0000 http://ocforeclosureoptions.com/foreclosure-forum/i-got-my-motorcycle-stolen-and-only-had-liability-insurance/#comment-8442 You can give it a try I guess. I have no idea why you would still make payments on the principal and interest when you have a chunk of money to pay it off. If your loan is 8K with principal+interest, you may get away with only paying the principal and letting the finance company waive the interest. I'm impressed that you were honest enough to just keep making the payments. A less honest person might have reported to the police that the bike had been returned, got insurance on it, and then filed a claim a few months later. It's a lot like the scam of riding without insurance and only getting in put on after you wreck it. A lot of times it works, but it's the wrong thing to do. I know a few guys I ride with that made the mistake of buying a bike they couldn't afford. Payments on a sportbike aren't high, but the insurance is a killer for young riders. My friend was quoted $2,400 per year for his GSXR750 and then told that even then, his application might not go through because of his driving record. Good luck. That was a really crappy lesson to learn. You can give it a try I guess. I have no idea why you would still make payments on the principal and interest when you have a chunk of money to pay it off. If your loan is 8K with principal+interest, you may get away with only paying the principal and letting the finance company waive the interest.
I’m impressed that you were honest enough to just keep making the payments. A less honest person might have reported to the police that the bike had been returned, got insurance on it, and then filed a claim a few months later. It’s a lot like the scam of riding without insurance and only getting in put on after you wreck it. A lot of times it works, but it’s the wrong thing to do.
I know a few guys I ride with that made the mistake of buying a bike they couldn’t afford. Payments on a sportbike aren’t high, but the insurance is a killer for young riders. My friend was quoted $2,400 per year for his GSXR750 and then told that even then, his application might not go through because of his driving record.
Good luck.
That was a really crappy lesson to learn.

]]> Comment on Help! My Credit Is A Mess! Three Of My Credit Cards Have Gone To Collection Agencies? by Magda L G http://ocforeclosureoptions.com/foreclosure-forum/help-my-credit-is-a-mess-three-of-my-credit-cards-have-gone-to-collection-agencies/comment-page-1/#comment-8470 Magda L G Tue, 13 Jul 2010 18:04:51 +0000 http://ocforeclosureoptions.com/foreclosure-forum/help-my-credit-is-a-mess-three-of-my-credit-cards-have-gone-to-collection-agencies/#comment-8470 Visit the below website Visit the below website

]]> Comment on Should I Secure A Rental Before Filing Bankruptcy? by Beautiful Disaster http://ocforeclosureoptions.com/foreclosure-forum/should-i-secure-a-rental-before-filing-bankruptcy/comment-page-1/#comment-8460 Beautiful Disaster Tue, 13 Jul 2010 17:46:37 +0000 http://ocforeclosureoptions.com/foreclosure-forum/should-i-secure-a-rental-before-filing-bankruptcy/#comment-8460 Just make sure that the price is within your income. I have been through it. Just make sure that the price is within your income. I have been through it.

]]> Comment on Help! My Credit Is A Mess! Three Of My Credit Cards Have Gone To Collection Agencies? by Bill B http://ocforeclosureoptions.com/foreclosure-forum/help-my-credit-is-a-mess-three-of-my-credit-cards-have-gone-to-collection-agencies/comment-page-1/#comment-8469 Bill B Tue, 13 Jul 2010 17:36:54 +0000 http://ocforeclosureoptions.com/foreclosure-forum/help-my-credit-is-a-mess-three-of-my-credit-cards-have-gone-to-collection-agencies/#comment-8469 You probably won't like my answer, but here goes. First, take all the credit cards out of your wallet. Take all but one (e.g., Visa or MasterCard), and wrap them in aluminum foil. Put a couple of rubber bands around the foil and put them in your freezer - maybe the bottom of the ice bucket. Take the remaining credit card and put several rubber bands around it and place it back in your wallet. That way if you have an emergency, you've got a card in your wallet but the rubber bands will remind you that its use should only be for critical items. As for the cards in the freezer, it let's you know they are there if you absolutely have to have them, but we need to wean you off using them. Now, start paying for everything in cash. Not checks. I'm taking about your impulse buying (not your rent and utilities). You need to significantly cut back on your spending. Teach yourself to say NO. "Do I REALLY need to buy this now?" Start comparison shopping to educate yourself about prices, and when you absolutely need something, wait for it to be on sale. Consider garage sales or consignment shops run by churches or other charities - the mark-up is usually less. Looking for a better paying job is a good idea, but have you considered a second, part-time job? Dedicate those earnings to paying off your debt. The hours you spend working will keep you from spending in your free time. As for the current debt, schedule a meeting with a credit counselor. I've included a couple of links below for you. Listen and follow through with your counselor. They should be able to work out payment plans with your creditors. A creditor wants to be repaid with interest, but will settle for the principal as no creditor wants to write a balance completely off. Let the counselor talk to the collection agencies - they have a lot more experience at the negotiations than you do. Best of luck. Half the solution to a problem is knowing you have one. You've realized you have a problem, now comes the second half - finding a solution. You probably won’t like my answer, but here goes. First, take all the credit cards out of your wallet. Take all but one (e.g., Visa or MasterCard), and wrap them in aluminum foil. Put a couple of rubber bands around the foil and put them in your freezer – maybe the bottom of the ice bucket. Take the remaining credit card and put several rubber bands around it and place it back in your wallet. That way if you have an emergency, you’ve got a card in your wallet but the rubber bands will remind you that its use should only be for critical items. As for the cards in the freezer, it let’s you know they are there if you absolutely have to have them, but we need to wean you off using them.
Now, start paying for everything in cash. Not checks. I’m taking about your impulse buying (not your rent and utilities). You need to significantly cut back on your spending. Teach yourself to say NO. “Do I REALLY need to buy this now?” Start comparison shopping to educate yourself about prices, and when you absolutely need something, wait for it to be on sale. Consider garage sales or consignment shops run by churches or other charities – the mark-up is usually less.
Looking for a better paying job is a good idea, but have you considered a second, part-time job? Dedicate those earnings to paying off your debt. The hours you spend working will keep you from spending in your free time.
As for the current debt, schedule a meeting with a credit counselor. I’ve included a couple of links below for you. Listen and follow through with your counselor. They should be able to work out payment plans with your creditors. A creditor wants to be repaid with interest, but will settle for the principal as no creditor wants to write a balance completely off. Let the counselor talk to the collection agencies – they have a lot more experience at the negotiations than you do.
Best of luck. Half the solution to a problem is knowing you have one. You’ve realized you have a problem, now comes the second half – finding a solution.

]]> Comment on Can I Get Evicted From A House That Is In Foreclosure Even If I Recently Made A Lease With A Realtor? by Baby #2 on his way http://ocforeclosureoptions.com/foreclosure-forum/can-i-get-evicted-from-a-house-that-is-in-foreclosure-even-if-i-recently-made-a-lease-with-a-realtor/comment-page-1/#comment-8448 Baby #2 on his way Tue, 13 Jul 2010 16:27:18 +0000 http://ocforeclosureoptions.com/foreclosure-forum/can-i-get-evicted-from-a-house-that-is-in-foreclosure-even-if-i-recently-made-a-lease-with-a-realtor/#comment-8448 Yes. But you can take your landlord to court and get money back that you lost from the move, and deposits. Yes. But you can take your landlord to court and get money back that you lost from the move, and deposits.

]]> Comment on I Want To File Bankruptcy To Stop A Foreclosure, To Buy More Time To Get A Short Sale, The Deed Is Joint? ; by pibzz http://ocforeclosureoptions.com/foreclosure-forum/i-want-to-file-bankruptcy-to-stop-a-foreclosure-to-buy-more-time-to-get-a-short-sale-the-deed-is-joint/comment-page-1/#comment-8408 pibzz Tue, 13 Jul 2010 15:50:37 +0000 http://ocforeclosureoptions.com/foreclosure-forum/i-want-to-file-bankruptcy-to-stop-a-foreclosure-to-buy-more-time-to-get-a-short-sale-the-deed-is-joint/#comment-8408 It's not as easy as it sounds. Depending on the state you live in, the bank can't go after you for the deficiency anyway, so often your best bet is to let the bank have the house. The BK may slow down the foreclosure, it will not stop it unless you file a BK 13 and file a re-payment plan with the court. If you can't PROVE that you can afford to repay, the court will dismiss your bk and the foreclosure is back on. Its very expensive to file BK, the there are requirements that you take debt counseling classes before you are even allowed to file. Also if you file, by law, your bank can't talk to you anymore, because you are now represented by an attorney, so all communication must go through the attorney (pursuant to Fair Debt Collection Practices Ace and BK code) this is also very expensive. Your best bet is to try and work something out with the bank. They may postpone the auction, if your house is being actively marketed. They also may do nothing, depends on the bank. There really is no good way out of this, sorry to be the one to tell you. But you can always talk to a BK attorney, the consultation is usually free. It’s not as easy as it sounds. Depending on the state you live in, the bank can’t go after you for the deficiency anyway, so often your best bet is to let the bank have the house.
The BK may slow down the foreclosure, it will not stop it unless you file a BK 13 and file a re-payment plan with the court. If you can’t PROVE that you can afford to repay, the court will dismiss your bk and the foreclosure is back on.
Its very expensive to file BK, the there are requirements that you take debt counseling classes before you are even allowed to file.
Also if you file, by law, your bank can’t talk to you anymore, because you are now represented by an attorney, so all communication must go through the attorney (pursuant to Fair Debt Collection Practices Ace and BK code) this is also very expensive.
Your best bet is to try and work something out with the bank. They may postpone the auction, if your house is being actively marketed. They also may do nothing, depends on the bank.
There really is no good way out of this, sorry to be the one to tell you. But you can always talk to a BK attorney, the consultation is usually free.

]]> Comment on Does Doing A Cash For Keys On Your House Show On Your Credit As A Foreclosure? by Californ http://ocforeclosureoptions.com/foreclosure-forum/does-doing-a-cash-for-keys-on-your-house-show-on-your-credit-as-a-foreclosure/comment-page-1/#comment-8466 Californ Tue, 13 Jul 2010 15:50:21 +0000 http://ocforeclosureoptions.com/foreclosure-forum/does-doing-a-cash-for-keys-on-your-house-show-on-your-credit-as-a-foreclosure/#comment-8466 Yes that would be considered a foreclosure and would reflect on your credit score. Yes that would be considered a foreclosure and would reflect on your credit score.

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