Im in bankruptcy, but they are foreclosing on my home, what can I do to stop it?

I’m buying a new home @700k. Existing house is paid off with a market value of $400k. New house will close by October, however, don’t think I can sell the old by then.

The plan is to put down 20% cash, close on the new.Once the existing is sold in a few months, the proceeds will go to pay off the mortgage. However, since it’s not enough the pay off, I may still be stuck with a huge pmt.

What will be a better way to do the financing?

1) Primary + 2nd mortgage: but most lenders stop offering the 2nd mortgage already
2) Interest only loan
3) Take out a line of credit on the existing then pay it off once house is sold.

Can some one give me some insight on this? Thanks.

I lost my job and fell into arrears but agreed a payment arrangement to clear my arreas but i am being taken to court anyway on Wednesday. I have a duaghter and am a single mum. i have even picked extra shifts just to pay off my arreas but i know they will take my home anyway. I cannot afford a lawyer and have no support. What should i do

Am I worrying too soon? I have an idea of what price I can afford to pay for my new home, but have a way to go finding the best buy for my money. There’s some time pressure; our home has sold already, and I have so many pets I cannot face the thought of a temporary home and the upset that moving to a new location will cause anyway. Once I identify possible targets when should I think about approaching a lender for a home loan? What will I need in the way of paperwork?prequalified? And when do I need to get pre-approved?

If I can’t how long will it take for the bank to evict my sorry a**???

Are there many houses up for sale that are just sitting? Or, are they selling when prices are slashed?

Do you feel concerned by the foreclosures taking place right now in the U.S. coupled with many areas having trouble selling homes?

The real estate industry came out with figures showing that sales were steady, however, I am not convinced of that at all. Sellers that are desperate are doing whatever it takes to sell their homes, so if the market is steady, it is at a price.

What say you?

BTW: In my state, things are better than in places like California, Florida, etc., where prices went too high too fast.
ReNate-Where do you live…think I’d like to be on an island!

I put an offer in on a house Monday evening, but i have not heard anything back as of yet. This is my first home purchase and i am really nervous. I hate to keep on calling my realtor, he doesn’t seem to care though, but i know if i were him i would turn my phone off.

How long does it usually take to hear a yes or no? The home is in pre-forclosure and in fast sale.

Thanks for answers in advance.

that leads to the recovery of their little girl.

Strange, not only did the McCanns not offer to do this themselves, but they actually dipped into the funds to search for their child in order to pay off the house a bit faster.

http://www.typicallyspanish.com/news/publish/article_14890.shtml

how long must a couple be living together to be determined a common law marriage, or is it just stated as both names on house, joint filings and public introduction as husband and wife?

How are interest rates right now? Any good website to do some research on average interest rates given, housing market, etc.? Thank you.

My dream is to start a safe house for LGBT teens but I’ve heard that runaway laws would get in the way of that. Is there a way to set up a safe house without that happening?

am a couple months behind on my payments and want to sell now. am not looking to make a profit just need to get what i owe.

this person was injured on the job in new jersey and back was operated on twice and than given unemployment status when workers comp ran out. Is able to work but not at that previouse job.

or is it up to the lender. We have been told we qualify for 2 different options by a HUD counselor. Can the bank refuse to cooperate?

We do pay our bills we were set back by Hurricane Ike.

We have contacted the bank, but they are not trying to work with us.

Someone told me they lived in Oklahoma(Norman) and they said there law states if you live w/ any woman for 24 hours or more you are married by common law marriage. Also if you have more then 1 female there you would be married to all the females in the house of legal age? I really cannot believe this, is this true?

Hi,

I am looking for a good software to manage my home finance. It does not need to be too powerful. I only have cash flow tasks and a simple summary or chart of my income and spending would help.

I was thinking QuickBook, any other good software you may suggest?

My friend is explaining me about the financial status by living togehter around two years. Saying that if he wants to leave the girl mostly he will lose all the equipment they both had and house, etc. How is it in real? Is that right?

1. What if the loan is secured by home and not account balance?

2. Are company matching funds considered “elective deferrals”?

I know a repossession has a negative affect on your credit score, but can you request a lesser penalty on your credit report from the credit union? I just learned about charge-offs, is that better or worse on your credit score than a repossession? My boyfriend got a repossession recently and we are going to work to build up his credit in the next couple years so we can get married and hopefully purchase a house or condo. What would be the best way to raise his score in the next 18-24 months. I know the repossession will probably be on his credit for at least 5 years but is there anything we can do to better our chances to get qualified for home loan?

Can I delay or better yet stop foreclosure? My husband called the Mrtgage Co. and received a conditional modification, then they never received (they said) the certified funds payment. We’ve placed tracers on them which costs $ and is apparently difficult to do with a bank check. Now we’ve received another foreclosure notice with a Date sale on 7/22/08. Any help here?