Wednesday, January 6, 2010

Bad Credit Foreclosure Mortgages How Bad Will A Foreclosure Be For My Credit And What Will Happen To Me?

How bad will a foreclosure be for my credit and what will happen to me? - bad credit foreclosure mortgages

I lost my job because of the economy and not pay in a position to my mortgage. What happens if I lose my house? Runners and go to jail? Is it in my car, or what? My house is worth 160,000 and the balance of my mortgage over 380,000. What does all this, and where will I go? Did they really thrown my house?

8 comments:

Mina said...

If you lose your house and not assigned prior to the date of the police, so that the date and will physically remove you from home and leave all your belongings into a truck and in most states in the storage place of a certain amount time. Your FICO score will suffer a significant amount and exclusion appear on your credit report for 7 years.

Hopefully this happens before, he called his mortgage company and tried to negotiate the terms of their mortgage with them.

They will not go to jail! And while your vehicle is paid for, or make payments can not have your car either. Where will you go ... depends on your options. The house of the parents, a friend of importance. Plan ahead, as they can, if you know they do not deal until the day that the police at his door with a truck with reality excluded. This packaging is now to find out where you can stay until you get back on its feet, continuing to seek a job and keep his head.

I think you're going through, but many people back from this and if you can.

Good luck!

Pengy said...

Sorry, but I hope now it will not work because even if you change your mortgage at a lower rate, can not afford. Given the fact that you lose complete and ready for the final. No, it's going to jail, two things can happen. One of them sell what they can do and that it is responsible for the rest, or forgive the amount and send you a 1099 and is responsible for taxes on the amount forgiven. It is not a good thing, and your credit is shot, then again when you end your evaluation has been made. To accept the fact that they will lose, and start planning what we do

Dagger_S... said...

No, it's going to jail, and yes, they can have you removed from the home.

However, you must call your bank and try to achieve something. There are many ongoing shows that many banks are serious about preventing.

In addition, there are many programs will stop the foreclosure crisis. You can get to a re-fi.

Dagger_S... said...

No, it's going to jail, and yes, they can have you removed from the home.

However, you must call your bank and try to achieve something. There are many ongoing shows that many banks are serious about preventing.

In addition, there are many programs will stop the foreclosure crisis. You can get to a re-fi.

Dagger_S... said...

No, it's going to jail, and yes, they can have you removed from the home.

However, you must call your bank and try to achieve something. There are many ongoing shows that many banks are serious about preventing.

In addition, there are many programs will stop the foreclosure crisis. You can get to a re-fi.

Dagger_S... said...

No, it's going to jail, and yes, they can have you removed from the home.

However, you must call your bank and try to achieve something. There are many ongoing shows that many banks are serious about preventing.

In addition, there are many programs will stop the foreclosure crisis. You can get to a re-fi.

Dagger_S... said...

No, it's going to jail, and yes, they can have you removed from the home.

However, you must call your bank and try to achieve something. There are many ongoing shows that many banks are serious about preventing.

In addition, there are many programs will stop the foreclosure crisis. You can get to a re-fi.

Levi L said...

I check out www.homehelpnow.info

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