Desperate
Hi Todd, I have 2 mortgages on my home and both foreclosed on the property when I lost my job. The first worked out with me but while that was going on the second bought the property in a Sheriff's sale. Should I continue paying the first, because the second wants to evict me from the property as of October 1st.? Can I sue either mortgage company for having playing tog of war with me? What recourse do I have to keep my home?
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Hi,Originally posted by aimeprises001
I don't know if I quite understand your entire question. So I'll answer the parts I do understand. My question to you is, do you intend on filing for either BK7 or 13? or do you simply intend on letting your mortgages forclose? You can sue the mortgage company if you'd like, but you'd probably be better off using that money toward attempting to keeping your house. Depeding on the state you reside in, you can explore options in keeping your home under a Chp 13 or Chp 7. Which one you should depends on several different factors, .e.g. income, state laws, equities, assets et cetera. Whether or not you should continue paying on the first mortgage depends on what you want to do.
Good Luck!
The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation. -
Hrmm.
now this is interesting. you loose your job. im sure you wasOriginally posted by aimeprises001
foreclosed by law, now you want to sue? that is what
happens when a person over extends, then wants to blame
someone else for their problems.Comment
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Umm, if the house was already sold at Sheriff's sale, how are you still living in the house. Who exactly has title to the house now?
About the only thing you can do is file a Chap 13 to try to recover the property, assuming you can bring arears current, otherwise, It might be too late.Last edited by HHM; 01-05-2005, 08:02 AM.Comment
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Aren't you the guy who was blaming Ford for selling you an expensive car that you couldn't afford?Originally posted by david scurlockComment
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Man can life get complicated. 90% of my problems have been of my own making. These messes in life aren't worth it! "Better a dry morsel in peace than house full of riches (goods) with strife!""You once asked me for advice. You want some now? Never pass up a good thing." Lieutenant Jean Rasczak, Starship Troopers
Join the Mobile Infantry and save the world. Service guarantees citizenship.Comment
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