bk foreclosure of home

Oh Spirtwovles - sooooooo sorry this is happening. I can so track with the way you're feeling! I was feeling that way too, till I saw the article about Whitney Houston's house being in foreclosure.

It really put it in perspective for me. This can happen to ANYONE!

When I read that article, I realized that my shame was probably nothing compared to hers as she's such a public figure and for some reason, it just made me feel better.

Hang in there, it will be over soon and at this time next year, it will be a distant memory!

thanx Bass, i decided after digging deep within that worrying about it is not helping me healthwise and whatever will be will be, its just kids can be so cruel at times ya know...

[Spiritwovles_2]

The same "rule" applies to your kids friends/acquaitences. If they shun, then they're no particular friend. Friends stand behind one another no matter what. Hopefully, your kids have good friends that they can trust and depend on.

thanx Bass, i decided after digging deep within that worrying about it is not helping me healthwise and whatever will be will be, its just kids can be so cruel at times ya know...

[BassBoy]

Hi BassBoy,
i to some degree care what others think but i can get past that part rather quickly lol no seriously though i dont care what others think of us its the impact this will have on our kids that bothers me, kids can be cruel these days. They are all in with a good group of kids, into many school sports,etc and i just dont want them to be shunned. U try so hard to shelter your kids form things like this. Its bad enough they know what they know.

The same "rule" applies to your kids friends/acquaitences. If they shun, then they're no particular friend. Friends stand behind one another no matter what. Hopefully, your kids have good friends that they can trust and depend on.

[Spiritwovles_2]

You don't need to justify to anyone how this happened to you. All you need to worry about is taking care of you, your family and getting your life (and finances) back in order. Anyone who would speak negatively towards you for having to let your home go and file BK is no particular friend/acquaintance......so.......blow 'em off. You do what is in your best interest and if they don't like it or have something to say, then too bad. It's not their place to speak.

Hi BassBoy,
i to some degree care what others think but i can get past that part rather quickly lol no seriously though i dont care what others think of us its the impact this will have on our kids that bothers me, kids can be cruel these days. They are all in with a good group of kids, into many school sports,etc and i just dont want them to be shunned. U try so hard to shelter your kids form things like this. Its bad enough they know what they know.

[BassBoy]

....maybe i should write an article on the dang house and tell them we voluntarily surrendered the house we didnt have to WE decided to do it becuz the stupid house although we loved it kept getting flooded and cost too much to keep due to this and medical emergencies that came up, we were tired of replacing furnaces and hot water heaters and losing tons of our belongings and having to start from scratch ever dang time it rained! So we said enough was enough and decided it was time to leave, cut our losses. Everytime it rained we had flashbacks it was awful.
**************************************************

You don't need to justify to anyone how this happened to you. All you need to worry about is taking care of you, your family and getting your life (and finances) back in order. Anyone who would speak negatively towards you for having to let your home go and file BK is no particular friend/acquaintance......so.......blow 'em off. You do what is in your best interest and if they don't like it or have something to say, then too bad. It's not their place to speak.

[Spiritwovles_2]

LOL.....I think Donald Trump has filed BK a few times......LOL!

rofl i wouldnt doubt it ;p

[Spiritwovles_2]

I see what your saying truly i do but there has to be some for lack of a better word consumer rights laws stating how far they can take it without crossing the line.
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In short yes, they are allowed. Pretty much anything to do with real estate is public record. If I knew your address, I could find out who the owners are, if I knew your name, I could find out where you live (if you own a house) all by simply going, or logging in, to your county recorders office. Foreclosures are by their very nature public, it is public auction after all, and the home owners name are public record.
However, as a practical matter, they are probably not required to list the owners name in the foreclosure auction notice (most foreclosure notices I see typically do not include the owners name), but at the same time, there is nothing illegal about doing so.

[Spiritwovles_2]

Hi Minny
i would not care if they did a 30page article on the house its land, anything on the house BUT my big gripe is that they put our name thruout the two pages making us out to look like deadbeats. they did not have to do that, it was bad enough our name was listed with the house in the sheriff sale foreclosure pages with everyone else days prior to this...
im upset becuz they wrote a seperate article on our house using our name thruout the article pages. I mean where are my consumer rights my right to some sort of privacy. i know bk and foreclosure are public record but there has to be some fine line in the law where as to what they can say/do i mean at this point they mise well just interview us on the news geesh going thru bk and foreclosure alone is embar. this just threw it off the charts for us.
see what i mean. They could have done it alot more tackfully.
maybe i should write an article on the dang house and tell them we voluntarily surrendered the house we didnt have to WE decided to do it becuz the stupid house although we loved it kept getting flooded and cost too much to keep due to this and medical emergencies that came up, we were tired of replacing furnaces and hot water heaters and losing tons of our belongings and having to start from scratch ever dang time it rained! So we said enough was enough and decided it was time to leave, cut our losses. Everytime it rained we had flashbacks it was awful.
**************************************************

When mine was sold at auction there was a picture in the paper with address and info only. My name was not mentioned...... Plus there was a big sign in my front yard for a week.

Was it embarrassing, yes, but I survived it and went on......

You do what you have to do..... go with the flow....... and hold your head up high.....

Just like being "poor" - THERE'S NO SHAME IN BEING POOR - it happens! Just like there is no shame with filing bankruptcy......!! People do what they have to do to survive life........

Rich folks file bankruptcy, laugh it off, and go on with life....... we can too......

Call it a "business decision"!!!!!!

[BassBoy]

Rich folks file bankruptcy....

LOL.....I think Donald Trump has filed BK a few times......LOL!

[Minnymouth]

When mine was sold at auction there was a picture in the paper with address and info only. My name was not mentioned...... Plus there was a big sign in my front yard for a week.

Was it embarrassing, yes, but I survived it and went on......

You do what you have to do..... go with the flow....... and hold your head up high.....

Just like being "poor" - THERE'S NO SHAME IN BEING POOR - it happens! Just like there is no shame with filing bankruptcy......!! People do what they have to do to survive life........

Rich folks file bankruptcy, laugh it off, and go on with life....... we can too......

Call it a "business decision"!!!!!!

[HHM]

ok short version... filed bk chp7 included mtg... our home is going thru foreclosure due December to be sheriff sale, one day they put all the houses up for sheriff sale in the newspaper which included our names, ok embarrassing yes but they can do that i think so i brush that embarrassment off i just got a call from a friend who told me that they put our house in a two page article!!!!INCLUDING our names throughout the article are they allowed to do that???? I'm so embarrassed, my health is not the greatest and this stress and embarrassment is not helping it i have children in school and they don't need the peer pressure of there friends seeing this and all that omg i want to crawl in a hole and die. they didn't have to do that if they want to sell it or feature it they could have put the address and info about it but they didn't have to flood our names thru it making us look like deadbeats... I'm mortified..........

In short yes, they are allowed. Pretty much anything to do with real estate is public record. If I knew your address, I could find out who the owners are, if I knew your name, I could find out where you live (if you own a house) all by simply going, or logging in, to your county recorders office. Foreclosures are by their very nature public, it is public auction after all, and the home owners name are public record.
However, as a practical matter, they are probably not required to list the owners name in the foreclosure auction notice (most foreclosure notices I see typically do not include the owners name), but at the same time, there is nothing illegal about doing so.

[Spiritwovles_2]

continued

the article is just on our house two pages long no one elses info is there

[Spiritwovles_2]

arghhhhh so frustrated & embarrassed!!!

ok short version... filed bk chp7 included mtg... our home is going thru foreclosure due december to be sheriff sale, one day they put all the houses up for sheriff sale in the newspaper which included our names, ok embarrassing yes but they can do that i think so i brush that embarrassement off i just got a call from a friend who told me that they put our house in a two page article!!!!INCLUDING our names thruout the article are they allowd to do that???? im so embarrassed, my health is not the greatest and this stress and embarrassment is not helping it i have children in school and they dont need the peer pressure of there friends seeing this and all that omg i want to crawl in a hole and die. they didnt have to do that if they want to sell it or feature it they could have put the address and info about it but they didnt have to flood our names thru it making us look like deadbeats... im mortified..........

[Hot-Tod-E]

In a judicial state, the mortgager does NOT own the property, and they do not hold the title. They simply have a lien against it and have the right to start foreclosure proceedings which go through the courts.

This is why they buy it a auction, so they can re-sell it to re-coop their costs for the foreclosure.

Ive got to ask this... why would a mortg holder or rep be at
the action to bid on something they already own? the mortg
company holds the title, so they own the house until it is paid,
if it does end up in forclosure, then its up to them on what they
want to do with it, they can list it with an agent, or put it up
for auction if they wish...in my case, if I were to foreclose, the
bank would actually loose money, the bank would then be competing
with the new home builders next door...so instead of getting $110k
for it to keep making money, they may end up getting $90k to undercut
a new builder purchase...and we know how banks are, this house would
sit here until a day that it could be sold for $110k which would be
about 3-4 years from now.

[debtisbad]

Minnie,

I have to agree. The days of the McMansion are over. I looked at a double wide yesterday, and they are just gorgeous inside. They sales guy said they are getting ready for a boom in that market due to all the people downsizing from their vinyl mcmansions. Anyway, I could not believe how nice this place was. The kitchen looked like out of one of the mcmansions. Had corian counters, stainless steel, kitchen island, lots of sq ft, and AFFORDABLE. I think the guy might be right. Americans are soon not going to be able to afford those 350k homes and it is coming very soon imo.