I was looking at consolidating my credit card debt into a newer home loan with New Day Loans. The fees were over ,000 and would leave me in negative equity on my home for years to come. I don’t want to live here another year. I am also planning to file for a divorce as well. I am not behind on any payments for anything, but I make many payments late, but rarely 30 days late. The new credit card bill rules increased my payments so much its killing me.

When is a good time to file bankruptcy?
Shoud I file on everything?
Should I file on just the credit cards?
Should I file before or after filing for divorce? Or shoud I wait until after I get divorced?

Thanks,

Technorati Tags: bankruptcy, credit card bill, credit card debt, credit cards, day loans, filing for divorce, good time, home loan, negative equity

away from you? How does that work at all? I have three kids, so so so far far farrrr behind on EVERYTHING… personal loans, car loans, home loan, electricity, water gas etc…etc.. etc…. lost my job, SAVINGS is GONE… am so screwed. The downside is… where would we live? and how would i drive to my dead end job i got JUST to feed my kids?

Technorati Tags: car loans, dead end job, downside, electricity, home loan, personal loans, three kids, water gas

My HOA’s Attorney raked up excessive unjustified fees on me for their own personal gain. I was late paying my HOA fees initially and willing paid the stated late fees along with my HOA dues. However, the Attorney collecting these fees does not accept credit card payments over the phone or online, etc. Therefore, I mailed the amount owed. To my surprise, I later received another letter indicating I owed another 0 for late fees. I ignored this notice b/c I thought that they probably didn’t input my payment in their system prior to the letter going out. So I received another letter stating I owed the 0 plus additional fees, and so on. Basically, each time I paid the stated late fees via mail, the Attorney claimed my payment didn’t arrive on time to their Office, and therefore I owed additional late fees.

In addition, all of my payments were applied towards Attorney late fees rather than my HOA dues. My dues were only 0 per year, but within that year I paid over 0 in additional fees that were never applied towards the full amount owed to my HOA. The Attorney continued to take their money off the top and say that I still owed a balance towards my HOA dues. As a result, I stopped paying b/c I felt I was being ripped off and the fees continued to increase. They ended up suing me for the amount they claimed I owed along with more Attorney fees and court cost.

Since I mistakenly missed the initial court date, when I showed up for the second court date where they filed a judgment against me, they won simply b/c I missed the initial court date. Now they are garnishing my bank account for the amount owed from the judgment.

Currently, I’m unemployed and my home is in foreclosure. I recently filed chapter 7 bankruptcy to stop the sale of my home so I can have time to secure a job and work out a modification on my home loan and get it out of foreclosure. I have not had the meeting of creditor’s as of yet. Can I discharge the past due HOA fees from the judgment/garnishment? I am willing to pay the past due HOA fees I accumulated after the garnishment since I intend on keeping my property. Also, I live in Georgia. Thanks for your answers.

Technorati Tags: attorney fees, chapter 7 bankruptcy, credit card payments, creditor, foreclosure, hoa dues, home loan, job, judgment against, late fees, mail, money, personal gain, surprise

When the market was at its peak a few years ago I took out an equity loan on my house to invest in more properties. Then BOOM! Market crash. I couldn’t rent out the properties or continue making payments and lost the properties, including my home. I know bankruptcy effects your credit for 7 years, Does that mean it will take that long before I can apply for another home loan?

Technorati Tags: bankruptcy, boom market, equity loan, home loan, market crash

My husband and I were always on time with our bill NEVER a day later had good credit.Then he got laid off.After about 6 months we were still keeping up but was pinching pennies.We had tried getting a home loan and other loans before this when we were making decent money but even with our credit scores being almost 700 still could not get approved.So we sat down and decided that we were going to file bankruptcy to relieve us a little bit until things looked up for us again so we did actually had to let stuff go for a few months before we filed.Now after he was laid off for over a year hes been back to work a few months and we still have a new home in our hopes for the near future.We knew that with filing bankruptcy the odds are against us to get a loan until after it had cleared from our credit report but my question is with the way the economy is loan companies should realize that people are facing tough times and some have no other option that bankruptcy If they would see our history up until that point they could see.Anyway does anyone know of any place that gives loans to people with "bad" credit for home loans these days.We filed in August last year and got our discharge in January this year.Please only answer this question if you have helpful information not if you are going to be judgmental

Technorati Tags: credit report, credit scores, decent money, economy, filing bankruptcy, home loan, home loans, little bit, loan companies, odds, pinching pennies, tough times

7 years ago filed chapter 7 (discharged). married 4 years ago but spouse passed away last year. lots of debt accumulated and was told that I should file chapter 7 again and as soon as it is discharged would be put into a no $down home loan. how true is this? i know each circumstance varies but i have no clue how these things work

Technorati Tags: chapter 7, circumstance, clue, home loan

I’d Like to see if there is a step by step procedure on clearing my credit report from when i filed bankruptcy a couple of years ago and how to go about getting a home loan.

Technorati Tags: bankruptcy, credit report, home loan

I’m a single male veteran with no children. I want to purchase a home and was prequalified for 110k using my VA Home Loan. My girlfriend has a very high debt to income ratio and will likely file bankruptcy due to high credit card debt. I can’t buy anything with her in that shape. I don’t have a down payment, I do have the VA benefits. Home prices are more expensive than ever. How do I purchase a home on my own? In Phoenix, AZ the housing market seems out of reach and all that is left are small "apartment condos."

Technorati Tags: apartment, bankruptcy, condos, credit card debt, debt to income ratio, girlfriend, home loan, housing market, phoenix az, shape, veteran

My husband and I filed Chapter 13 bankruptcy and it is to be discharged next year. When it is discharged we will have no debt except for my ,000 student loan that we were not able to include. Our gross annual is k+ now and we have opened and maintained two 0 limit credit cards that have perfect payment history for over a year now.

What else should I be doing between now and then to qualify for a first time home loan once this is discharged? Approximately how much down payment should we be looking to save? Should we be looking to get our credit score be at a certain level considering the bad mark bankruptcy left? Any other tips? I sincerely want a home. We are responsible people who got into a mess because of a medical hardship. We are paying back debt and just hope to come out of this able to purchase our own house.

Thank you all for taking the time to answer. Any help is sincerely appreciated!

Technorati Tags: chapter 13 bankruptcy, credit cards, credit score, first time home, home loan, medical hardship, payment history, student loan, taking the time

After you file for bankruptcy several years ago let’s say 4 , can you get a home loan with a decent rate? Or how long should you wait before trying to get one? If you have a stable job since 6 years and making 60 000$ a year will you have more chance to be approved? Is there a bank that has better reputation when it come to home loans I mean some banks are more hard than other to get a loan ? Pls give me information that might help. Thanks

Technorati Tags: 6 years, bankruptcy, banks, decent rate, home loan, home loans, reputation, stable job

I filed a Chapter 7 bankruptcy that should have been completed in July or August at the very latest. My lawyer claimed to have not received my certificate of completion for the post bankruptcy course and let it go. My case was discharged before he told me anything was wrong. I’d called a few weeks before and was told everything was fine ad I’d receive confirmation soon. I was able to prove that he received the certificate and he paid the fee to reinstate my case. I planned when to file so that a year later I could co-sign on a home loan with my husband when he got back from Iraq. Now it’s just been filed and my 1 year mark will be 5 months later so my husband will come home from Iraq and we won’t be able to buy a house. This was hard enough and now he’s made it even worse. We’d have to come up with 15% down at least to get a loan. Can I sue my lawyer for his incompetence and this inconvenience. I’m not looking for free $, I’m just really frustrated and heart broken! Thanks 4 answering!
You don’t know my whole situation and you don’t have to be a jerk. I wasn’t scamming anyone, I stopped working when my daughter died and we couldn’t affort one income at the time. It’s better to pay on a house than to waste money renting so we weren’t planning a scam we were planning to recover from this nightmare!
I can prove he got the certificate because the company I took the course through has the email and fax conformation. I have already spoken to several lenders and they all say 1 year.

Technorati Tags: 5 months, affort, certificate of completion, chapter 7 bankruptcy, confirmation, conformation, email, home loan, incompetence, inconvenience, iraq, jerk, lawyer, lenders, money, nightmare, scamming

Where do I start…
Ok, My boyfriend foreclosed on a house about 2 years ago now after trying to sell it for about 5-6 months. This all spiralled from losing his job when his company shut it’s doors. So yeah he tried everything he could to keep it and it would not sell so his only option at that point was walk away. The bank was very understandable and worked with him as best they could through it all and they told him just to move out quietly when it became obvious it was not selling and he was more and more behind.
So he moved out and never heard a thing afterwards, they never took him to court, he never recieved a notice saying he owed anything, nothing. They sold the house shortly after he moved out. He has been renting ever since and he has a very good job now.
Well, now we want to buy a house together so my question is, what should he do now? a lawyer thinks he should file bankruptcy, but its been 2 yrs (he’s not in trouble now) I think that would make things worse…
We’re not minor’s and I don’t appricate the comment about skipping payments on a rental. We’re both very smart with our money and we know how to budget, we don’t go and blow it. There are so many houses available in our area for incredable prices, this is why we are looking to buy now. We plan on Wedding in the next year or 2 but we want to get a house now while prices are good. Oh and we had talked to a mortage broker and when he did our approval he never said a thing about the foreclosure, just that his credit was in the mid range, or will that come up when we get the final actual home loan?

Technorati Tags: bankruptcy, doors, foreclosure, good job, home loan, lawyer, mid range, money, mortage broker

My husband and I are trying to get a home loan and we are consistently being denied. We both have bad credit due mostly to nonpayment of medical bills. If we file bankruptcy will it be long before we are able to get a home loan? Will filing affect the status of our student loans which we do not want to include in the bankruptcy?

Technorati Tags: bad credit, bankruptcy, home loan, medical bills, student loans

I need to write an explination on why i filed bankruptcy 6 years ago…well the reason is not so heartwarming. I filed on a mobile home in a crappy park surrounded by drug addicts, so I didnt want to live there anymore, I tried to sell first buy couldnt.

Please help me put into words how I can explain this so I will now get another home loan!
Ive checked the community, so now i know what im getting into!

I never want to file bankruptcy again, it is so hard to pull yourself back up!

Please if you can help me, tell me what they are looking for in the letter!!!

THANK YOU

Technorati Tags: 6 years, bankruptcy, drug addicts, explination, home loan, mobile home