House Repossession Assistance

Jackiechan asked:
Like alot of people right now, my family has hit really hard times, my husband’s business lost all work, we’re both working now but with very limited income. We have tried to make thngs right with our creditors, we’ve sold our house, and are thankfully walking away with some money, but cannot afford [...]

mrmikl asked:
The answer that was given was either misleading, uninformed or confused. The Mortgage Industury, which supports flipping of houses, has changed the law on the Federal level where they can take your home with one missed payment. I do not who this ‘expert’ is.
I lived through it with National [...]

joe Beta asked:
Basiclally I own eight houses that are producing. I have 3 that the renters have torn apart and/or impossible to evict. What happens if I stop making the mortgage payments on the 3 nightmare houses. In one case the same bank has 5 loans for 5 properties. I [...]

Mr. Ish asked:
I’m sitting here wondering with all of these people losing their houses, can someone attempt to sale their house if they owe more that what they can get for it. How does that work? How do they work with the negative equity? Do they get some kind of unsecured [...]

Diana asked:
My house is currently in foreclosure. Ive talked to the lenders Countrywide and they suggested I do a short sale. They said to try to sell it at a price comparable to what other houses in the neighborhood sell for. They said if it doesnt sell for that then keep lowering the price. [...]