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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 Continue reading What Do You Think About Bankruptcy When People Do It Deliberately? Placed a bid, the bank sent out an appraiser 3 days later. They apparently came back stating the house was appraised at 30K more than on the market. The bank stated that they closed this file, but the listing agent sent in comparable houses in the same neighborhood that I believe would be Continue reading What Are My Chances Of Purchasing A Home In A Short Sale Status? Would the lender Litten put a lien on my primary residense for the unpaid balance or would I get a 1099? Also what is a 1099, is it money you have to pay Continue reading What Are The Cosequences Of Putting A Investment Property For Short Sale? My husband and I are at the beginning stages of considering Chapter 13 bankruptcy, but are really confused about what will happen. Continue reading What Happens In Chapter 13 Bankruptcy? Debt Settlement? Example: Previous value of house $300K and currently paying in mortgage, current value $200K and applied for loan modification, after 2-4 years from now $400K. Will the $200K additional value be considered as equity or AUTOMATICALLY be added in the owners debt/mortgage? Im getting antsy. Is there anything i could do? Seller accepted so now im just sitting biding time.. Its been about a month already I have been told that I will still owe the difference between the sale price and what is still owed on the house. For example if I still owe 100.000 and the best offer I can get is 90,000 I will have to come up with the 10,000 difference. Is this true? Please, serious answers only. thank you. I have a car loan of about $10,000. I got this loan about 9 months ago. I am just wondering how it will affect me if my co-signer files bankruptcy. |
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