I have 3 rental homes and now the variable rate interest went up to 13%. I can’t make it work to rent them out and pay taxes and insurance. Not to mention repairs, etc. I know my credit is horrible. I couldn’t pay the credit cards a year ago and went into default with them. I want to refinance these home mortgages or I’ll have to default on them.
My credit is already shot and what would happen if I just let them go back to the lender?

Technorati Tags: credit cards, home mortgages, insurance, rate interest, variable rate

Specifically, are there any criteria one would have to meet in order to "qualify" for filing chapter 13? I know ch 13 allows for reorganization and repayment. I have an appoinment with an attorney for filing. I’m afraid they will tell me I don’t qualify for chapter 13 because I have no real debt, i.e. credit cards, auto loans, etc. I’m considering filing chapter 13 to stop foreclosure on my house.

Technorati Tags: appoinment, auto loans, chapter 13, credit cards, Foreclosure, reorganization

I lost my job 9 months ago and have looked and applied daily for jobs since than, have interviewed and always lose out to someone else. My husband and I have eaten through all our savings, no family to ask for help as they are all struggling also. Went to Navy Federal which holds our mortgage and credit cards they lowered our cc payments and we applied for mortgage modification just received word in writting that they denied us for "(x) due to investor guidelines", what do we do now, if we file for bankrupcy my husband will lose his security clearance thus losing his job. I am so upset and feel like they dropped the ball.
Good News our credit union has agreed to modify our mortgage from 6.0% to 3.0 %, we are ecstatic (-:

Technorati Tags: 9 months, credit cards, investor guidelines, job, jobs, mortgage, navy federal, security clearance, writting

In my divorce agreement, my ex was clearly and solely responsible for mortgage payments. He didn’t pay and we lost our home of 17 years. My name was also on mortgage, but agreement proves it was his responsibility. My credit has suffered severely. Can I do anything? Can’t get loans for daughter’s education. Credit cards up to 36% interest. It is choking me! Awful situation! Trapped! What can I do?

Technorati Tags: 17 years, credit cards, divorce agreement, education credit, loans, mortgage payments, s education

My friend purchased a home for her brother he stopped making payments, and now she is in the process of selling via short sale is this bad on her credit? He stopped making payment 6 months ago. All her credit cards are paid on time her auto loans are current she has no bad credit history except for the lates on the house! Is she doomed?????? Please help with your advice!!!!
Markmywords- this questio is for you what type of statement should she put on the reports?

Technorati Tags: auto loans, bad credit history, brother, credit cards, questio

there is nothing I can do to stop it from doing so. I also have 3000 dollars of credit card debt. I have gone to a non profit credit counseling program and all my accounts are closed but I am paying them off monthly through this non profit program. So my question is if my credit is going to be messed up with the foreclosure should I just give up with the credit cards stop paying the credit counseling program and wait 7 years to start over?

Technorati Tags: counseling program, credit card debt, credit cards, credit counseling, Foreclosure, profit program

Should I refinance my mortgage, which will save me 0 per month by combining a costly 9.99% home equity loan with my primary, or use the 000 I need to close to pay off my credit card debt (which would pay off all my credit cards)?
I’ve already been approved for the loan…I have good credit so that ,000 in debt doesn’t kill my credit score which is still over 700.
The home equity loan is 000 at 9.99%, my credit cards are not much higher than this so I am most anxious to get rid of this bad loan…Am I thinking about this the correct way?

Technorati Tags: credit card debt, credit cards, credit score, home equity loan, should i refinance my mortgage

I was just curious to know that if a person fails to pay mortgage and is given foreclosure. Then which home does he go to after that?

A friend of mine is unable to pay his mortgage and he expects foreclosure very soon. So i was wondering where will he live?

He has lost his car already, because he couldn’t make car payments. All his credit cards are maxed out too and lot of bank loans he is unable to pay too.

Will he go to jail or what?

Technorati Tags: bank loans, car payments, credit cards, Foreclosure, mortgage

My uncle is in a big mess. he tried to save his credit cards when he was behind on his mortgage but lost both of the things now. The thing is if he now wants to work with the bank will they work with him. he wants to keep his house but does not know how to go about it now as he is already 7 months behind. He is in Chicago,Illinois.
Thanks

Technorati Tags: 7 months, chicago illinois, credit cards, mortgage

We can’t pay our credit cards and have already filed bankruptcy a few years ago. Had to charge again for medical bills and car engine repairs. We were told it is better to let the house go and pay the credit cards because they are harder to fight. What happends besides the nagging phone calls if we don’t pay? What are the rules in MI for foreclosure? Should we uproot our family from the only home they know or fight the credit cards?

Technorati Tags: bankruptcy, car engine, credit cards, engine repairs, Foreclosure, medical bills