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Tag Archives: foreclosure

Overextended Borrowers Stop Paying Mortgages and Capitalize on Time to Eviction

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In this day and age the amount of people unable to pay their mortgages is on the rise. Be it medical bills, loss of income or a change in circumstances, many people are running into shortages in their lives leaving them coming up short for that monthly mortgage payment. While these times in life are stressful and demanding some families ... Read More »

    We Are About to Lose Our Home and My Husband Won’t Talk to Me About It. – Jeanette

    Ready to Collapse

    Jeanette “Dear Steve, We are about to lose our home $10,000 in the hole my husband has not talked to me i just found out in the mail he takes care of the bills he lost his self employment is now working for someone else I know this is a big change for him a big pay cut I know ... Read More »

      I’m a Real Estate Agent and Losing My House. – Joe

      Ready to Collapse

      “Dear Steve, Over-extended. Lost my job in May, Citi Mortgage will not modify the terms of my Mortgage. I have not paid the mortgage for several months, but have paid all my cc bills. I am out of money, Citi wants to put me on a forbearance plan that adds 2k to my payment each month… I don’t have the ... Read More »

        I Own an S Corporation and my Home is Now in Foreclosure. – Dave

        Ready to Collapse

        “Dear Steve, I own a small business which is an S Corp. Business was bad for awhile, during which time I got behind on the mortgage on my personal home. The home is now in foreclosure. Currently, I a considering an offer of a short sale, and I ade the decision to save the business, which has started to pick ... Read More »

          Did You Get Foreclosed on With a Second Mortgage or Home Equity Loan? I Knew This Was Going to Happen.

          Foreclosure Sign

          If you or someone you know got foreclosed on and had a second mortgage or home equity loan, watch out! People who were foreclosed on may think their debt problems are now behind them but second mortgage holders are not taking this lying down. In a move to attempt to recover money lost in the second mortgage banks held on ... Read More »

            Foreclosure Pussies Create Problem for All

            Miami has a buch of foreclosure pussies on the lose, about 300,000 of them and it’s creating a big stinking problem. [flashvideo file=/wp-content/uploads/cats.flv /] Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

              Our Attorney is Advising Us to File Bankruptcy But I Don’t Know. – Andy

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              Andy “Dear Steve, About four years ago, my wife lost her job. She was having difficulty getting a job and used credit cards hoping she could get a job soon and we could repay them. Unfortunately, when she finally did get a job about six months ago (earning about 40% of her previous income), we are buried in about 120K ... Read More »

                I Don’t Want to Pay Any of The Loan Modification Companies Money to Help. – Alexandra

                Ready to Collapse

                Alexandra “Dear Steve, I bought my home in November 2004, by Dec 2007 the 1st mortgage payment increased by $1300 which I found very difficult to pay however stretching the funds of my credit cards I paid both mortgages until march 2008, since then I haven’t be able to make any payments and my house is under foreclosure. Because of ... Read More »

                  Louis Says “I Feel Like Killing Myself Because of My Debts”

                  Suicide Isn't Painless

                  Louis “Dear Steve, I feel like I’m drowning and I even have suicidal thoughts. I barely make my mortgage payments (minimum interest only). Late on my line of credit payments – threatiing foreclosure. 50+ thousand in student loans. I would like to sell my condo but the market is so low no one is buying and I would not get ... Read More »

                    I Have a Big Truth in Lending Problem and Need Help. – Gene

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                    Gene “Dear Steve, Getting to the point, I need a great Federal Attorney that can present a strong Truth in Lending action. In the current subprime meltdown my case will be a benchmark case that will be published and it will get National Exposure. Under Federal RESPA Section 6, and the similar statute in California’s Cranston-Gonzolas Act, and within TILA, ... Read More »

                      Octomom to Be Evicted

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                      TMZ has learned Octomom Nadya Suleman has until the end of business on Tuesday to either pay more than $450,000 for her house … or she’ll be on the receiving end of a foreclosure lawsuit. As we first reported, Octo didn’t make a balloon payment of $450,000 on March 10. She’s also behind $4,139 on monthly payments. The person who ... Read More »

                        Before You Walk Away From Your Mortgage, Read This

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                        Last week I received an email from a desperate couple in Illinois. Here’s the edited version of their note: "My wife and I have been struggling, morally, with what to do. We have two interest-only, adjustable-rate mortgages with two different lenders coming due in May of 2011. I currently can handle paying all my bills–but just barely, with nothing left ... Read More »

                          Deed in Lieu of Foreclosure. What is it? – Bob

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                          “Dear Steve, We’ve been having a tough time making our mortgage payments and someone mentioned that we could do something called a deed in lieu of foreclosure and hand the keys back to the bank. Is that true? Steve”   Dear Bob, A deed in lieu of foreclosure is essentially giving your keys back to your house and walking away. ... Read More »

                            Should We Stay in Our Home or Walk Away Like Others? – Kim

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                            “Dear Steve, My husband and I have good jobs, together making about 150K a year. We are paying off our debt, starting a Roth, adding to the emergency fund, trying to pay off the cars….but…..what are we suppose to do with our house!! We bought it in 2003, put about $70,000.00 down, still owe about $344,000. We are not late ... Read More »

                              81,312 Foreclosures in September. More Than Just a Number.

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                              Well the September foreclosure figures are out from RealtyTrac. And while we can look at the big, really big number and compare it to foreclosures a year ago that does not give a real understanding of the fear and loss experienced by over 81,000 families that month. Maybe there is some hope headed down the road for homeowners that will ... Read More »

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