my sister has missed her house payment for a few months now because my brother in-law lost his job but she wants to save her house what should she do? or is there a company that can help? she needs to come up on $5,0000 with in 30 days

this is a tricky 1 , i bought a house 10 yrs ago and let it go to voluntary repossession, it sold , i buried my head in the sand moved on married and got a mortgage with my husband , now the trustee in ancruptcy has put a charge on our home and are trying to reposess , they say they want my share of equity in the house which totals approx 15,000 , how does my husband raise the money when there is a charge on the house , does this affect his credit rating , would a judge really repossess even though they want 15 grand my home is valued at 100 grand , it goes to court very soon , i am ill with worry

I can’t afford to hire a foreclosure company. Does anyone know how I can get the information I need in order to stop foreclosure myself?

Thanks,

We have been waiting for over 30 days for an answer on a short sale property offer we made on a house that the current owner will abandon as part of filing Chapter 11bankrutpcy. The bank (Homecomings Financial) has been totally unresponsive whenever our Realtor makes contact with them–their consistent reply is: “we don’t know when it will be approved, it can take 30-60 days and sometimes 90″.

The basic question is: what are they doing? The only explanation is that our file is sitting somewhere on someone’s desk waiting to be worked. It baffles me that in light of the escalation of defaults and foreclosures in the market that lenders are caught unprepared to quickly evaluate short sale offers that, relative to entering foreclosure or repossession and resale (REO) of the home, could save them tens if not hundreds of thousands of dollars. We are about to give up as we won’t be able to sell our home quickly enough before the fall slow down if we don’t get a decision soon.

I want to impose a “stay”on foreclosure sale . Am running out of time I need 60 days to re finance

Did anyone see this report that there is a glut of used cars due to all the repossessions because no one can make car payments with their homes foreclosing?

Does this mean you can negotiate lower prices with dealers or they don’t care?

Car was taken for repossession less then a week ago..the payment was only two months behind we had called to make payment arrangements we where consistent with the payment arrangements but the vehicle was still taken…the vehicle was towed to an unknown physical address at this time for the price of $750 that is NOT including the storage fee’s (about an hr drive from home)..is there anything that can be done about that fee’s and what about the car still being taken and we where making payments under the arrangement

So 4 years ago I owned a car through a credit union purchased for $5,500. About a year after purchasing it the car was stolen, I did not have insurance at the time and therefore went to the credit union to see what my options were. They said they would defer the payments until something was found out on the car. 6 months later the car was found, with only a dead battery as damage.. lucky I know. So I called the credit union to see what I could do. They said I could do a voluntary repossession or begin making payments again. They told me the voluntary repossession would not be put on my credit report and that since the car was still in good condition and I did not owe much on it everything would be fine. So I don’t hear from them until now… 4 years later.
Last year when we went to buy a home the car was listed as paid off on my credit report. Now as of 2 weeks ago, they hired an attorney to “find me” and get $1,300 from me and they put a repossession on my credit report. I don’t have paper work on any of it because it was so long ago, but I do have a witness who was there when they explained the voluntary repossession to me and stated clearly it would not be placed on my credit report.
The repo on my credit bothers me the most, but I am also confused how they get there numbers, their attorney explained it like this “the original loan was for $5,500 they put in $2,000 worth of work upon receipt to sell and sold it for $9,000.

Can they do this? Can they list my car as paid off then list a repo 4 years later? Where are they getting that I still owe them money?

I always have this stupid habit of doing things at the last minute.Probably thats what got me in this rut in the first place.

What are the steps to repo? Yes there is a title like a car.

and subsequent collapse of the UK economy. I see news stories of redundancies, home repossessions etc and wonder if any one has actually been blamed yet?

I took out an auto loan for my brother to get a car last Feb. He failed to pay, so I took the car back and have been making payments for the last three months. I’ve listed the car for sale several times on Ebay, in the local newspaper, and now on autotrader with no luck so far. I have a new car myself that I am also paying on. I don’t need two cars and I can’t afford to keep paying for two vehicles. How will a voluntary repossession affect my credit since I am paying for another vehicle? Will it repair itself as long as I am paying on another car? I know that the bank will auction the car. If I pay the deficiency, will the repossession still go on my credit? I have very good credit and I really don’t want to ruin it, which is why I’ve paid on the car for this long. I am in the market to buy a house. Will a repossession affect my getting a home loan?

If you fail to make your mortgage payments, can the bank garnish your wages for the payments?Or do they just take repossession of the home and auction it off themselves?And if they just auction it and can’t sell it for enough to cover the remaining mortgage amount, can they come back and sue you for that, even if you no longer have access to the home?I’m asking because I need to know…if a person decided to deliberately stop making payments on their home mortgage because the home will not sell on the market quick enough and they have to move out of state, what are the repurcussions?(Besides bad credit)The goal is to just get rid of the house, regardless of the loss in profit from the sale of it, and regardless of how it will effect the homeowner’s credit.Please provide any information pertaining to this.

Last year my house was on foreclosure list but i talked to the mortgage company and they put me on a six month forebearance agreement and told me I had 6 months to pay them there $3,000.00 so is there any loan i may get and my house is worth $80,000.00 even through I still have this foreclosure on my credit

My husband and I are trying to buy our first home..well three years ago we relinquished his rights to a truck little did we know that it would show as a repossession on his credit score. We paid off the remaining balance of the truck after they sold it at auction. Since then we have built his credit score back up to a 688 and mine is a 733. Will this stop us from getting a FHA home loan?

My brother would like to buy a property and can only afford a very affordable home. We looking for about 75 thousand. Preferable a two bedroom place. In the Bognor, Chichester, Aldwick, Rose Green, Emsworth areas. If anyone know a website or an estate agent that specialise in repo can they let us know. Thanks

I have been out of work and start a new job on monday, but the mortage company says that i cannot make any payments or a 2,000.00 down payment untill i have a job and next month i will but next month it will go up higher and i just dont understand why they will not take any payment now even if i am not working untill next month.

I had an accident broke my back . Lawyer incompetant lost case. Got behind in mortgage . Back at work now full time, need to save home,3 little kids will be on street. Banks wont touch me.Have other asset taking time to sell anyone willing to help I can explain.

http://uk.news.yahoo.com/4/20090122/tuk-house-repossessions-soar-by92-dba1618.html
as there are so many these days, they cant all be rehoused by councils can they?.
dennis b. modest 2 up and 2 downers get repossessed too you know. and people in one bedroom flats.
hiya cool hal. are you saying that repossessed people get rehoused by housing associations? thats better than a box i think.
theres one thing cool hal that i like about you even though you support brown??? and that is your reasonable-ness. unlike the other resident labour supporter who has changed his name, he is spiteful and unpleasant.

If I file Bankruptcy Pro SE to stop a foreclosure can I then hire an attorney to complete the process later on! I just want to stop foreclosure proceedings and recieve a stay and then hire an attrorney to finish the process