Hello all I am going to try to give you as much info as I can. I need so me really good advice here. I am a mother of 2, young boys . One son is 6 the other is 16 months.. want to keep our home.
I was a mortgage broker for 7 years.....NEED I SAY MORE! My other half was also an account rep. He was also in the business for 6 years. I really need some expert advice here, before I make a move and possibly make the situation worse. First off my income alone was $230k. I had the same income the entire time I was in the business. The lenders are making it ridiculous for anyone to refinace, or purchase due to the guidelines. The company I was working for locked the doors. They gave no warning, I knew it was coming. I took all my retirement money and we (both ) of us opened businesses. Mine hasn't done anywhere near what I thought it would. I help people do ,Modifications n their loans. You would think the government would back people like me, however they have made the law's also very difficult due to dishonest people.
When I was making good money I took out credit card debt, in the beginning I paid off everything each month I charged. My scores were 720 - 689- 702. Now the scores are like 400-500 ?????? Not sure, but I know its bad.
Slowly the market got worse and worse. I had to borrow money to keep the bills and the family, daycare, as well as the mortgage going. I now owe somewhere in the ballpark of $40,000 in debt. I came down with LYME disease and got really sick. I began to only be able to work so much. My mortgage is now 2 months behind. I do not want to loose the home. The home is upside down in equity $120,000+.. There is no hope in site. The business my boyfriend's Auto shop is barley bringing in enough money to pay the rent he has on it... What chapter should I claim. Whats the best option for me? I have zero income now, and I am going to try to get a new job. I need all of the debtors that I owe to give me a chance to get another job. My heatlh is horrible. I am sick everyday with Lyme.
please help
I was a mortgage broker for 7 years.....NEED I SAY MORE! My other half was also an account rep. He was also in the business for 6 years. I really need some expert advice here, before I make a move and possibly make the situation worse. First off my income alone was $230k. I had the same income the entire time I was in the business. The lenders are making it ridiculous for anyone to refinace, or purchase due to the guidelines. The company I was working for locked the doors. They gave no warning, I knew it was coming. I took all my retirement money and we (both ) of us opened businesses. Mine hasn't done anywhere near what I thought it would. I help people do ,Modifications n their loans. You would think the government would back people like me, however they have made the law's also very difficult due to dishonest people.
When I was making good money I took out credit card debt, in the beginning I paid off everything each month I charged. My scores were 720 - 689- 702. Now the scores are like 400-500 ?????? Not sure, but I know its bad.
Slowly the market got worse and worse. I had to borrow money to keep the bills and the family, daycare, as well as the mortgage going. I now owe somewhere in the ballpark of $40,000 in debt. I came down with LYME disease and got really sick. I began to only be able to work so much. My mortgage is now 2 months behind. I do not want to loose the home. The home is upside down in equity $120,000+.. There is no hope in site. The business my boyfriend's Auto shop is barley bringing in enough money to pay the rent he has on it... What chapter should I claim. Whats the best option for me? I have zero income now, and I am going to try to get a new job. I need all of the debtors that I owe to give me a chance to get another job. My heatlh is horrible. I am sick everyday with Lyme.
please help
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