My husband and I bought our first house May 2008..About 6 months later I lost my job and started having medical issues. We got behind but caught back up with tax return. Then our child started having medical issues and was hospitalized. With all the medical bills we started falling behind again. We have been trying to get a loan modification for almost a year but it has been quite the battle. We do not make enough for the obama program! Which is BS! Now here we are 6 payments behind and the foreclosure process started. With the help of a pro we finally got approved for a loan mod so the foreclosure was put on hold then today we finally found out the amount of our loan mod payment and it’s only less. We needed it to be about 0 less. I am wondering about just doing a shortsell? The loan mod guy told us. We could put it on the market for a short sell and stay here for free while it’s on the market and that would stop the foreclosure. He said he dosen’t think it will shortsell but while it’s up for it. He could keep trying on the loan mod. Does anyone know much about this? Is a shortsell better then foreclosure? Will we still end up paying money to the morgagae company? Will we ever be able to buy a house again? and lastly Could a bankruptcy help in anyway?
Haha Thanks I realize it’s short sale! I’m just looking for some help on my issue not spelling though.

Technorati Tags: bankruptcy, first house, Foreclosure, haha, job, Loan Modification, medical bills, medical issues, money, tax return

We passed papers with no occupancy permits on a home valued at 5,000 I was injured we lost the home for my income dropped 80,000 per year we had a buyer to prevent foreclosure and the real estate could not sell where we lacked the OC no one can give us a answer the lawyer who did the closing told us to sue him the town took 00.00 per year tax money on a home not to occupied all of our friends in real estate and the community feel we are victims the town, builder. inspectors when so many deep pockets are involved the 60 plus year old people lose there life’s savings on for town officials not doing there job our deed was such a mess that the filing are not correct at the county deeds office what can we do? WE ARE VICTIMS OF THE TOWN WE LIVED 12 YEARS IN.

Technorati Tags: deep pockets, Foreclosure, job, lawyer, real estate, tax money, town officials

We are currently in the process of trying to get a loan modification to prevent foreclosure on our home. We are approx. k upside down in our current home and our payments are 00/mo. With our proposed modification plan, if our lender agrees to it, our payments would be reduced to 3/mo. I lost my job 2 months ago and have not yet been able to secure another.

Has anyone here successfully used a loan modification assistance program?
Oh sorry I didn’t make myself clear. I am unemployed but receive disability income and my husband is employed full time.

Technorati Tags: assistance program, disability income, Foreclosure, full time, job, Loan Modification

My husband lost his job in October and I am a student, so we have no money coming in except for a pittance from unemployment. We had some savings and he cashed in his retirement, but we are almost out of money. We put our condo on the market in December, but so far no takers. My husband has relatives in Las Vegas who have invited us to live with them temporarily, so my husband went after Christmas and began the job-hunt. We are now considering foreclosure and/or bankruptcy, but neither of us know much about either process. Can anyone either explain these processes to me, (in English – not Legalese), or direct me to a website that I can understand? I need to know everything, such as: Do I have to file in California or can we do this in Nevada? Do we contact the lender about foreclosure or is this something they do automatically? (They have been completely unwilling to work with us even though we have never been late on a payment.) Any advice/info would be greatly appreciated.

Technorati Tags: advice info, bankruptcy, christmas, Foreclosure, job, las vegas, money, pittance, relatives, retirement, unemployment

my friend house is going for foreclosure because she lost her job how do i stop or postpone it

the thing is i heard of the letter or a question you can ask your bank something about who owners your house or something and it takes them a long time for them to figure it out.. something i say on yahoo awhile back… please help also this is in orlando fl

Technorati Tags: Foreclosure, job, long time, orlando fl, yahoo

Okay, so your company is in a downsizing mode. You get the pink slip. Can’t pay your mortgage and the house goes into foreclosure. Now, because your credit is bad, you can’t get a job in the financial sector, the security sector, heck, you can’t even run away and join the Navy, because you have bad credit. So, it’s a cycle, you can’t get a job because you couldn’t pay your bills, and you can’t pay your bills because you couldn’t get a job.
I usually don’t believe in conspiracy theories, but…..it seems as though the middle class is under intentional fire.
What do you think?

Technorati Tags: bad credit, conspiracy theories, downsizing, financial sector, Foreclosure, heck, job, middle class, mortgage, navy, pink slip, security sector

I am about to resign from my current extremely under paid job for another similar position paying an industry average salary, but much more than what I am now making. I expect since my leaving would greatly inconvenience our small office, to receive a counter offer of a large salary increase. I love my job and my co-workers but need more pay to prevent foreclosure on my home. I would like to stay for more money but knowing how my boss can be very resentful and loathes disloyalty, I am afraid if I stayed he would plot my future termination when he had a chance to replace me. Would anyone actually do this?

Technorati Tags: average salary, boss, co workers, disloyalty, Foreclosure, inconvenience, job, money, salary increase

I am just wondering and I don’t quite understand why everyone seems to be going in foreclosure at the same time. Did you lose a job? Have a super high house payment? What was it?

Technorati Tags: Foreclosure, job

Hi first i live in phoenix az. I bought this house in 2007 everything was fine until i lost my job at the end of 2008 i stop paying the house for around 10 months then i did a loan modification which reduced 200 dollars of my monthly payment i was on a 3 month trial and i did my payments on time. Last week the bank asked for more papers such as income, bank statements etc… which i sent, but yesterday i receive an eviction notice saying that i have 14 days to move out and they will give 00 or 30 days and i will not get nothing. I am desperate because i don’t know my rights and because is too little time to look for another house. Please anyone help

Technorati Tags: 10 months, bank statements, eviction notice, job, little time, Loan Modification, phoenix az

I live in Michigan.
My husband lost his job a year ago and we aren’t sure how much longer his unemployment will last. The bank says we can’t do one kind of modification because we can’t show his unemployment will last 9 months.
We have a vacation property with a small cabin on it, if we loose the house to foreclosure what will happen to the cabin?
We have a first and second mortgage on the house. We did not list the vacation property on any of the loan documents for the house.
Thanks for your help

Technorati Tags: 9 months, Foreclosure, job, loan documents, second mortgage, thanks for your help, unemployment, vacation property