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Foreclosure Forum

What Do You Think About Bankruptcy When People Do It Deliberately?

What do you think about people who deliberately go into debt maxing out their credit cards and everything else under the sun. And than get out of paying their bills by declaring bankruptcy ? I know a person who is greatly in debt through irresponsibility and a lawyer told her just

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Foreclosure Forum

What Do U Think About Debt Settlement Agencies?

I used one once only to find out later when trying to buy a car that banks look at that just like they do a bankruptcy. No one I had checked with prior had told me that. It made it very difficult for a while. So, I would not recommend one unless

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Foreclosure Forum

What Do You Think About Filing Bankruptcy?

I’ve known a couple people who have filed bankruptcy and I think they use it as an easy cop out, because they don’t want to have bills.
Two of my friends have put all their assets in their parents names, filed, and then get to keep their stuff.
I would be more concerned about the bad mark

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Foreclosure Forum

What You Guys Think About Debt Settlement/negotiation Programs?

I have like 40K credit card bills and want an easy and quick way out of them. I also need to keep my credit in a good shape so i am looking for a program to work with

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Foreclosure Forum

Do You Think The Arizona Amendment To The Foreclosure Law Will Be Repealed?

The amendment ( SB1271 ) that makes some homeowners in foreclosure liable for the the difference between their mortgage and what their lender can recoup from reselling the house.

Foreclosure Forum

I Think I Am Eligible For Obama’s Loan Modification Because My Mortgage Is 45% Of My Income.?

How does that really work? I have a 7% interest rate. I have a disabled child and am widowed.

Foreclosure Forum

Do You Think A 2nd Mortgage Company Would Agree To A Short Sale?

Rather than get nothing if we file bankruptcy, would a 2nd mortgage company agree to walk away with only a few thousand dollars in a short sale? We anticipate being able to sell for $120,00, but minus realtor fees there would be $113,200 left, and the first mortgage company oluld get $107,000 leaving only

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Foreclosure Forum

Do You Think Debt Settlement Is Morally Wrong?

Interested in knowing your opinions. I’m sure you’ve all known people who are drowning in debt, and have been paying the credit card companies for years and years and still have been unable to pay off the balances.
Then the credit companies have increased the interest rates to 30% not because they were’nt paying, but because

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